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Interested in our program?

  1. Apply online at this link
  2. Estimated Cost of Attending (tuition, fees)
  3. Scholarships and Financial Aid (Prospect's FAQ)


  • Strong undergraduate mathematics background, including Calculus (NCSU MA 141/241/242), Differential Equations (MA 341 and 401), and Linear Algebra (MA 405). Stefanica's book, A Primer for the Mathematics of Financial Engineering (corresponding solutions manual), provides a good review of (nearly) all the academic subjects needed in your background.
  • GPA of at least 3.0 (out of 4.0) in the sciences required; overall GPA of 3.5 or higher preferred.
  • GRE General Test is required. GRE Math Subject Test scores are recommended**. Scores must be less than 5 years old. (GRE Codes; Institution 5496, Dept. 0703)
  • TOEFL/IELT: The MFM program follows NCSU guidelines for the TOEFL and IELT. Internet based test standards are in the Graduate Handbook, and the paper and computer-based test standards are located here. (TOEFL Codes; School 5496, Dept. 72)
  • Three recommendation letters must be part of a completed application.
  • Personal Statement can be used to explain your motivation, and to provide some guidance understanding your application materials. Visit the Prospect's Blog for more information.
  • Your professional resume. Work experience is not required, but can be beneficial.

*Students that do not satisfy these requirements may be admitted contingent on completion of additional courses.

**GMAT scores cannot be substituted for the GRE.

Materials to Submit


Full Consideration Deadline is February 1st

  • Applications received by Feb 1 are preferred, but applications are considered at any time.  (The Graduate School Priority Deadline applies to students requiring a visa).
  • Full unconditional admission is usually granted only for the Fall term.
  • Spring admission could be used to complete courses you should have taken before starting the program.

Financial Math Blog



Congratulations to our December 2016 graduates!
Congratulations to all of our December 2016 graduates! We are so proud of your hard work! Our graduates were placed at Bank of America, TD Bank, Financial Risk Group, EY, SAS & First Citizens Bank. We wish you all success!
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NC State’s Financial Math Program’s Quantnet Rankings are up!
We are pleased to announce that NC State's Financial Math Program's Quantnet Rankings have improved as the program continues to grow and succeed. In it's 14th year, the MFM program has expanded and advanced into a well-respected graduate program sought out by students from all over the world. Currently, the program is ranked #18 in […]
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NC State University