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You are encouraged to send inquiries to Financial_Mathematics@ncsu.edu
 

Q?

Is this program STEM designated?

A.

Yes.  NC State's Masters of Financial Mathematics qualifies for the STEM optional practical training (OPT) extension.  Most students on an F-1 visa take advantage of the Curricular Practical Training (CPT) and work at a paid internship while enrolled in the program at NC State.

Q?

Are scholarships and/or financial aid available?

A.

There are a few scholarships available. Consideration is automatic; however, you are encouraged to include an explanation of your unique qualifications in your Personal Statement. Some of the factors impacting the decision include; (1) academic qualificiations such as grades, (2) letters of recommendation, and (3) financial need as established by submitting a FAFSA to NCSU.

Q?

Do you admit students with a Spring or Summer start date?

A.

Yes; however, the main reason for a non-Fall start date would be to fill in some of the expected pre-requisites for the program. Explain your reason for a non-standard start date in your Personal Statement.

Q?

Is the GRE required?

A.

The GRE is required of all students with non-NCSU degrees. The GRE is strongly recommended for NCSU graduates; however, a waiver may be granted in some circumstances.

Q?

Is there a minimum GRE score?

A.

No. The entire application is considered, so a low GRE score could be offset by strong letters and good grades.

Q?

Is the GRE Subject Test required?

A.

No. The GRE subject test is not required.

Q?

Can the GMAT replace the GRE?

A.

No. You may submit GMAT scores; however, the MFM is a Professional Science Masters, not an MBA.

Q?

How do I calculate my GPA? (Applying from India, China, etc.)

A.

Guidance is available from the World Education Services (WES, link).

Q?

Is a 3 year bachelors (BS) degree acceptable for admission to the MFM program?

A.

Any BS degree equivalent to the equivalent degree in the United States can be used to satisfy the admissions requirement. We ask that you certify your degree with a service such as WES (link).

Q?

Are my qualifications adequate? Would you look at my record, and let me know if I should apply?

A.

We do not prescreen applications. If you wish to be considered for admission to the program, apply using the link at the Requirements webpage. All your application materials should be sent through the web portal. Please do not email us your credentials. The only way to have your application screened is by submitting an application using the link provided.

Q?

My application for admission was denied. What does “not competitive with the applicant pool mean”?

A.

We receive over 200 applications for the 20 positions for new students. Applications are considered as a whole, so the particular attribute that caused an application to be denied cannot, in general, be identified.

Q?

When will I know the admission decision?

A.

Individual inquiries into the status of your application interrupt the process, and have a negative impact on your chance of admission. Here are the phases of the admission process.

Phase 1. File an application online at the ApplyYourself website. If there are any missing materials, candidates are notified via the email address in the application of the deficiency.
Phase 2. Early in February, representatives of the program make a recommendation regarding admission to the graduate school.
Phase 3. Applicants are notified via the ApplyYourself portal and via the email address in their application.

Applications completed after the full consideration deadline will be considered as time permits.

Q?

I have started the application but I have missed the deadline for international students. I have given GRE general test, but not GRE subject Test. I have a query, that is it still possible of me to apply to MS in Financial Mathematics program for FALL 2014.

A.

Yes, you can still apply.

Q?

I’m really interested in the financial mathematics program, however, being that I’m not a math or statistics major, I haven’t meet all the prerequisites for the program. Would I have a chance of being accepted into the program?

A.

Yes, you can still apply. It is good to contact us as we are considering your application. We may arrange for a provisional admission so you can fill in some of the expected background before you start the core classes. This may result you taking longer to earn your degree than some of the other students.

Q?

What should I include in my Personal Statement?

A.

Use your Personal Statement to help guide our review of the application materials. For example, if you had a low grade with an extremely difficult teacher, let us know. If you think you might need to cover some pre-requisite material by starting in the summer, let us know. You can also briefly explain your motivation to study Financial Math.

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