M.S. in Accounting
Hofstra University, located in Hempstead, New York, offers a Master of Science (M.S.) i...
B.S. in Mathematical Finance
New York
INTAKE: Jan & Aug
Program Overview
The Bachelor of Science (B.S.) in Mathematical Finance at Hofstra University is designed to equip students with a robust understanding of mathematical techniques and financial theories. This interdisciplinary program combines mathematics, statistics, and financial analysis, preparing graduates for careers in finance, risk management, and quantitative analysis. Students learn to apply mathematical models to solve complex financial problems, making them highly sought after in today’s data-driven financial landscape.
STEM-designated: The B.S. in Mathematical Finance is STEM-designated, recognizing the program's emphasis on science, technology, engineering, and mathematics. This designation not only enhances the program's credibility but also allows international students to benefit from extended Optional Practical Training (OPT) opportunities, providing them with valuable work experience in the United States after graduation.
Curriculum: The curriculum for the B.S. in Mathematical Finance is rigorous and comprehensive, featuring core courses in calculus, linear algebra, statistics, and financial theory. Students also engage in specialized courses covering topics such as investment analysis, portfolio management, and risk assessment. The blend of theoretical knowledge and practical applications ensures that graduates are well-prepared for various roles in the financial industry.
Research Focus: Hofstra University encourages a strong research focus within the Mathematical Finance program. Students have the opportunity to engage in faculty-led research projects, exploring topics such as financial modeling, data analysis, and risk management strategies. This research component allows students to deepen their understanding of complex financial systems and develop critical analytical skills.
Industry Engagement: The program places a significant emphasis on industry engagement, providing students with opportunities to connect with financial professionals through internships, networking events, and guest lectures. These experiences not only enhance students’ practical skills but also help them build professional relationships that can lead to job opportunities upon graduation.
Global Perspective: The B.S. in Mathematical Finance incorporates a global perspective, preparing students to understand financial markets and economic conditions worldwide. Courses cover international finance, currency markets, and global investment strategies, ensuring that graduates are equipped to navigate the complexities of the global financial landscape. Additionally, study abroad opportunities allow students to gain firsthand experience in international financial markets.
Location
New York
Score
IELTS 6.5
Tuition Fee
USD 57750
Undergraduate Entry Requirements
Academic Qualifications: Applicants for undergraduate programs typically require a minimum academic achievement of 70% or above in their previous academic qualifications.
English Language Proficiency:
- IELTS: Overall band score of 6.5 with a minimum of 6.0 in each component.
- TOEFL: Overall score of 80 or higher.
- PTE: Overall score of 53 or higher.
- DET (Duolingo English Test): Minimum score of 120.
Scholarships for International Students at Hofstra University
Global Scholars Program: The Global Scholars Program at Hofstra University is designed to recognize and support outstanding international students who demonstrate academic excellence, leadership skills, and making a positive impact in their communities. The scholarship covers a significant portion of tuition costs.
International Student Scholarship: Hofstra University may offer merit-based scholarships to international students based on their academic achievements and potential. These scholarships aim to attract and reward students who have demonstrated exceptional academic performance.
Phi Theta Kappa Scholarship: International transfer students who are members of the Phi Theta Kappa Honor Society may be eligible for a special scholarship at Hofstra University. This scholarship recognizes the achievements of transfer students who have excelled in their previous academic pursuits.
Endowed Scholarships: Hofstra University has various endowed scholarships that international students can apply for. These scholarships may be specific to certain academic disciplines, extracurricular achievements, or other criteria. Students are encouraged to explore the specific eligibility requirements for each endowed scholarship.
Hofstra Cultural Ambassador Scholarship: The Cultural Ambassador Scholarship is designed to recognize students who actively contribute to promoting cultural understanding and diversity on campus. Recipients of this scholarship may be involved in organizing cultural events, participating in international clubs, or engaging in activities that foster a global community at Hofstra.
Athletic Scholarships: International students with exceptional athletic talents may be eligible for athletic scholarships offered by Hofstra University. These scholarships are typically awarded to student-athletes who demonstrate outstanding skills and contribute to the university's athletic programs.
External Scholarships: Hofstra University encourages international students to explore external scholarship opportunities, including those offered by government agencies, private organizations, and foundations. The International Student Affairs Office may provide guidance on external scholarship options.
Graduates of the B.S. in Mathematical Finance from Hofstra University are well-equipped to enter a diverse range of high-demand careers in the finance and analytics sectors.
Quantitative Analyst: Many graduates pursue careers as quantitative analysts, using mathematical models and statistical techniques to analyze financial data and assess risk. They work in investment banks, hedge funds, and financial consulting firms, providing critical insights that drive investment strategies.
Financial Analyst: Graduates often become financial analysts, responsible for evaluating investment opportunities, conducting market research, and making recommendations based on financial data. They play a key role in guiding corporate financial decisions and optimizing portfolios for individuals or organizations.
Risk Manager: Another career path for graduates is in risk management, where they assess and mitigate financial risks for companies. They use quantitative methods to identify potential threats to an organization’s assets and develop strategies to manage those risks effectively.
Portfolio Manager: Some graduates may become portfolio managers, overseeing investment portfolios for clients or institutions. They analyze market trends and investment performance, making strategic decisions to achieve desired financial outcomes.
Actuary: With their strong background in mathematics and statistics, graduates can also pursue careers as actuaries, specializing in assessing risk and uncertainty in insurance and finance. They use mathematical models to evaluate the financial implications of future events, helping organizations design policies and manage risk.
Financial Consultant: Graduates may work as financial consultants, advising individuals or businesses on financial planning, investment strategies, and wealth management. They develop personalized financial plans based on clients’ goals and risk tolerance.
Data Analyst: The analytical skills gained in the program also prepare graduates for roles as data analysts, where they interpret complex data sets to inform business decisions. They utilize statistical software and tools to extract insights from financial data.
Investment Banker: Some graduates choose to enter the field of investment banking, assisting companies with mergers, acquisitions, and capital raising. They analyze financial markets, evaluate investment opportunities, and facilitate transactions between buyers and sellers.
