M.S. in Mathematical and Computational Finance

International students applying for postgraduate programs at NJIT must have completed a bachelor's degree or its equivalent from a recognized institution. The applicant's academic qualifications are an essential factor in the admissions process.

Minimum GPA Requirement: NJIT typically requires international postgraduate applicants to have a minimum Grade Point Average (GPA) of 3.0 on a 4.0 scale or its equivalent. This corresponds to a percentage of 65 or above.

English Language Proficiency: Accepted English language proficiency tests and minimum score requirements include:

• IELTS (International English Language Testing System): Overall score of 6.5 with no band less than 6.
   
• TOEFL iBT (Test of English as a Foreign Language, internet-based test): Overall score of 79.
   
• DET (Duolingo English Test): Overall score of 120.

Standardized Test : GRE 305

Accepts 3 years bachelor's degree with WES evaluation

New Jersey Institute of Technology (NJIT) recognizes the importance of supporting international students in pursuing their academic goals. To attract and assist talented students from around the world, NJIT offers several scholarships and financial aid options specifically designed for international students. 

1. Global Highlander Scholarship: The Global Highlander Scholarship is a merit-based scholarship offered to incoming international undergraduate students. It is awarded based on academic achievements, leadership qualities, and extracurricular involvement. The scholarship amount varies and is renewable for up to four years, provided the student maintains the required GPA.

2. International Presidential Scholarship: The International Presidential Scholarship is another prestigious merit-based award available to exceptional incoming international undergraduate students. Recipients of this scholarship receive a substantial amount of financial aid to support their education at NJIT.

3. International Transfer Scholarship: International students transferring to NJIT from other universities or colleges may be eligible for the International Transfer Scholarship. This merit-based award aims to recognize academic excellence and provide financial support to deserving transfer students.

4. Graduate Assistantships: NJIT offers graduate assistantship positions to international students pursuing master's or doctoral degrees. Graduate assistantships typically involve working part-time in research or teaching roles, providing students with valuable experience and financial support.

5. Educational Opportunity Fund (EOF) Grant: The Educational Opportunity Fund Grant is available to New Jersey residents, including eligible international students. This grant provides financial assistance to students with demonstrated financial need.

6. Albert Dorman Honors College Scholarship: The Albert Dorman Honors College at NJIT offers scholarships to students accepted into the Honors College program. These scholarships recognize academic excellence and provide enhanced educational opportunities and support.

7. Private and External Scholarships: In addition to NJIT-specific scholarships, international students may be eligible to apply for private or external scholarships that are not directly offered by the university. These scholarships may be provided by government agencies, organizations, foundations, or other institutions.

How to Apply for Scholarships: To be considered for scholarships at NJIT, international students typically need to complete the university's admission application. In some cases, there may be separate scholarship applications or additional requirements

Graduates of the M.S. in Mathematical and Computational Finance program have diverse career opportunities in the financial sector, including:

1. Quantitative Analyst: Graduates can work as quantitative analysts, developing and implementing financial models for trading and risk management.

2. Financial Data Analyst: Graduates can pursue roles as financial data analysts, analyzing large datasets to provide insights for investment decisions.

3. Risk Analyst: Graduates can work as risk analysts, assessing and managing financial risks for investment firms and banks.

4. Portfolio Manager: Graduates can become portfolio managers, overseeing investment portfolios and optimizing asset allocation.

5. Financial Consultant: Graduates can work as financial consultants, providing expertise on financial modeling and investment strategies.

6. Algorithmic Trader: Graduates can specialize in algorithmic trading, using mathematical models to execute trades in financial markets.

7. Financial Software Developer: Graduates can work in software development, creating financial applications and tools.

NJIT's M.S. in Mathematical and Computational Finance program offers a rigorous and practical education in financial mathematics, computational methods, and risk management. The program's STEM designation signifies its technical focus and prepares students to excel in the rapidly evolving financial industry. Graduates are well-equipped with quantitative and analytical skills, making them highly sought-after professionals in various financial roles, including quantitative analysis, risk management, and financial consulting.