MFM Application Process


Important MFM Deadlines

Applications, which include all the necessary materials required by the MFM Program, meet the minimum admission requirements, and that are received by the deadline listed below will be given priority consideration for admission.  

Application Deadline Extended to July 1, 2021

First round MFM Application Deadline: March 1st

  • Results/Offers by April 1
  • Response/Acceptance by April 15

Second round MFM Application Deadline: Extended July 1

  • Results/Offers by July 15
  • Response/Acceptance by August 1

All application materials should be submitted electronically via the online Application system. We will not review your application until ALL of the materials listed are submitted successfully, including letters of recommendation.

For students who are currently enrolled in a University of Minnesota Graduate Program and wish to change to a higher degree level or to a different type of degree, you must fill out a new online application for a Change of Status. IMPORTANT: This applies to any student who is currently in the FQF Program and wishes to change to the MFM Program.

IMPORTANT: If you wish to apply to the Master of Financial Mathematics (MFM) Program, you must choose Financial Mathematics-MFM in the proposed major and degree objectives pull-down menu, not Mathematics MS.

We follow the Graduate School's requirements for English language proficiency standards for international students. See the Graduate School's TOEFL page for exact details and latest updates.

Note: Official GRE and Official TOEFL scores are sent to The Graduate School by ETS.

Submission of the following indicate a complete application file:

Application Field:

What to Complete/Upload

Personal Information 

All Fields

Application Information 

All Fields

Educational  Background

All fields. You should list all colleges and universities you have attended, with degrees earned, and grade-point averages

Test Information - Self Reported

GRE General and Subject Test Scores, if known.
TOEFL exam scores


All Fields

Awards and Activities

All Fields

Employment/Residence Information 

All Fields

Financial Support

All Fields

Applicant Statements

Personal Statement of Purpose and Goals is very important for us to assess your sincerity, motivation, and expectations.


All application materials are submitted electronically to the Graduate School using the online Application system and it is important that you do not send hard copies of the same material(s) that have been uploaded to your online application.

    Supporting Documents

    Three (3) Letters of Recommendation:

    You should list the three people who will write your letters of recommendation. These letters are a very important part of your application, since they are used to estimate your potential and motivation for the Financial Mathematics program. We recommend that applicants who have been out of school for a while get at least one recommendation from a professor (preferably a math professor) who can attest to their mathematical abilities. Letters should comment on the applicant's suitability for the Financial Mathematics program, including: analytical ability, communication skills, teamwork, ethics and integrity.

    Only letters from those listed by the applicant on the online Application system will be accepted. Letter writers should upload letters to the online Application system. 

    Program Supplementary Information:

    • There is no Graduate Program Additional Application required
    • Writing Sample is not required; but will be considered if submitted
    • Description of Research or Work Experience may be uploaded and will be considered
    • Resume or CV may be uploaded and will be considered
    • Other Credentials are not required, but will be considered if submitted
    • Any additional materials are not required, but will be considered if submitted


    Unofficial transcripts or academic records should be uploaded directly to the online application. Please do not mail in paper copies of your transcripts, there is no need for official transcripts or academic records for initial review.

    If you are admitted, the University will then request official copies of this material.

    Click here for more information about uploading transcripts.

    Application Fee: Click here for more information about fees.

    Optional Materials

    Publications  Upload your publications and articles into the Other Information portion on the Graduate Program Supplementary Informationsection of the online Application system.