M.S. in Math Finance Soars To Highest Level Ever In TFE Times National Ranking
UNC Charlotte’s Master of Science in Mathematical Finance program has once again been named among the top-ranked programs in the nation, ranking No. 12 in the TFE Times’ 2021 Master of Financial Engineering program rankings.
Over the past six years, the M.S. in Math Finance program has increased steadily in the rankings, rising eight slots since 2016, according to TFE Times. As a STEM-designated program of the Departments of Finance and Economics in the Belk College of Business and the Mathematics and Statistics Department in the College of Liberal Arts & Sciences, the program excels in readying students for careers in an emerging field.
“The Master of Science in Mathematical Finance is intelligently designed to prepare students for finance careers that increasingly demand more math and data skills, particularly in financial institutions, investment banks, and commodities firms,” said Taufiquar Khan, chair of the Department of Mathematics and Statistics.
“These careers require proficiency in the application of highly sophisticated mathematical models to identify, measure, and manage risk,” Khan said. “The expertise of mathematics faculty, as well as that of faculty in economics and finance, offers an interdisciplinary collaboration that has delivered strong results for our students and for employers.”
The program’s responsiveness to industry’s needs for talent and insights is particularly important for Charlotte’s spot as the second-largest banking center in the United States.
Over the last three years, 95% of M.S. in Math Finance alumni are employed within three months of graduation, according to First Destination Survey data. The growth of the program’s success is a testament to exceptional faculty, combined with a customizable interdisciplinary approach, said Yufeng Han, M.S. in Math Finance program director.
CLAS faculty teaching in the M.S. in Math Finance program are Jaya Bishwal, an expert in stochastic analysis and computational finance; Aziz Issaka, an authority in mathematical finance and stochastic calculus; and Adriana Ocejo Monge, an expert in mathematical finance and actuarial science.
The TFE Times rankings are the most comprehensive for graduate financial engineering, financial mathematics, quantitative finance, computational finance and mathematical finance programs in the country. The rankings are calculated based on several components, including average test scores, starting salaries, undergraduate GPA, acceptance rates and graduate employment rates.