McMaster’s Master in Financial Mathematics (M-Phimac) program represents the next generation of training in quantitative finance. Like its predecessor, established at McMaster in 2007, the new M-Phimac provides an intensive one-year program that prepares our students for exciting careers in the finance, insurance and investment industries.
About M-Phimac: the Master in Financial Mathematics at McMaster
Banking, insurance and investment offer a wide range of exciting career prospects to ambitious, quantitatively minded people. M-Phimac, a Masters level program in Financial Mathematics from the Mathematics & Statistics Department, offers a fast track option to careers such as risk management, derivative securities analysis, portfolio design and others in finance industry. With 8 specialized graduate courses in the first 8 months, followed by a major industry-related project through the summer, M-Phimac grads leave well prepared, with a very high number of student graduates working in the sector within a year of graduation.
What is it?
Completed in one year, M-Phimac is an intensive, Masters level program specializing in Financial Mathematics. Eight months of coursework are taught by recognized experts [link to people page] who emphasize the development of both strong technical foundations and professional knowledge. Our goal to advance students understanding the applications of advanced mathematics to finance and investments. The major project, completed in the third term, explores an industry-relevant topic with guidance from an industry professional. Projects can be completed while working full time or as an intern.
Who is this for?
Ambitious? A recent graduate in mathematics or a related subject such as statistics, physics, computer science and engineering? Interested in a career in finance? M-Phimac can help you achieve your goals. Our students have a minimum B+ average across their level 3 and 4 undergraduate courses. Beyond academic achievement, they have determination, analytical expertise, excellent communication skills and computer programming skills.
What will you gain?
Our students develop a competitive advantage in exciting careers in the expanding quantitative finance industry. Mastery of sophisticated mathematical techniques and a deep understanding of financial securities and their uses give our graduates have the confidence to face the challenges of the managerial level in finance. They have the tools they need to become a bank financial modeler, a trading analyst in an investment firm, or a risk quant in insurance. Within a year of graduation, a very high number of graduates are working in the sector.