MFM Fellowships

Fellowship Details 

Two fellowships are available for MFM students who will add diversity to the MFM student body.  Both fellowships are funded by our generous corporate donors: Parametric, US Bank, Cargill and Allianz Investment Management. These firms hire MFM alumni and are committed to supporting our goal of increasing diversity, broadly defined, in the University of Minnesota’s MFM student body. 

“The Parametric Financial Mathematics Fellowship for Opportunity and Advancement” and “The MFM Fellowship for Opportunity and Advancement” are both two-year fellowships with an approximate value of about $102,000, which will be within the established cost of MFM attendance over two consecutive academic years.  This includes coverage of full in-state MFM tuition and all university fees (even if you are not a Minnesota resident) and a living stipend of $25,000 per year for two consecutive academic years (up to 4 semesters) of the MFM program. The fellow will also be provided subsidized health insurance for the two academic years. The stipend is distributed in bi-weekly payments throughout the academic year in alignment with the University payroll schedule. 

Fellowship cycle for 2023 is now open 

Candidates will apply for these fellowships for the fall incoming MFM class of 2023. The fellowship will cover up to 4 consecutive semesters of the MFM program, September 2023 through May 2025. 

In addition, to financial support from our generous donors, the fellows will have the opportunity to get to know the various firms that support their fellowships by engaging in job shadowing and other interactions with the donor firms. In addition there will be opportunities to apply for summer internships at donor firms and other local, regional and national firms.

Parametric Financial Mathematics Fellowship for Opportunity and Advancement

This fellowship is fully supported by Parametric. Parametric has $410 billion in assets under management across an array of products and strategies, including not just custom core and overlay, but also responsible investing, factors, emerging markets, liquid alternatives, fixed income, and more.  Parametric is a company with expressed goals to continually strive in evolving their skills and technical expertise in order to apply ingenuity to solving client challenges, while remaining grounded in their quantitative approach.  They also seek to maintain an authentic and vibrant culture. The firm became part of Morgan Stanley in 2021, but it remains proudly independent in its approach and spirit.  The firm has 148 investment professionals across six offices, with expertise in research, strategy, trading, and portfolio management.  Its offices are in Minneapolis, Seattle, New York City, Boston, Westport, Connecticut, and Sydney, Australia. Parametric is committed to making an impact in the communities where it does business. Read about Parametric’s community impact initiatives.

MFM Fellowship for Opportunity and Advancement

This fellowship is funded by three local world renowned firms:  Cargill (Cargill Risk Management), Allianz  (Allianz Investment Management) and US Bank.  These donors are dedicated to industry segments where many of our MFM alumni work:  banking, insurance and agribusiness risk management.   Cargill is the largest privately held firm in the world with headquarters in Minneapolis. Allianz is one of the world's largest financial firms and is based in Munich, Germany, with U.S. headquarters for insurance and hedging  in Minneapolis. US Bank, is headquartered in Minneapolis, and is the 5th largest commercial bank in the United States. It is ranked in the top 5% of CDP's "A List" on Climate Change Action.  Both US Bank and Allianz consistently make Ethisphere’s “Most Ethical Companies in the World list”.  All three donor companies have strong commitments to making their communities thrive wherever they do business. For more information, visit:  Cargill Community Engagement the Allianz Foundation for North America and US Bank Community and Charitable Giving