by our College Data Analytics TeamFinancial Mathematics is a concentration offered under the applied mathematics major at Massachusetts Institute of Technology. We’ve pulled together some essential information you should know about the master’s degree program in financial math, including how many students graduate each year, the ethnic diversity of these students, whether or not the degree is offered online, and more.
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In 2019-2020, the average part-time graduate tuition at MIT was $860 per credit hour for both in-state and out-of-state students. The average full-time tuition and fees for graduate students are shown in the table below.
| In State | Out of State | |
|---|---|---|
| Tuition | $53,450 | $53,450 |
| Fees | $3,269 | $3,269 |
Online degrees for the MIT financial math master’s degree program are not available at this time. To see if the school offers distance learning options in other areas, visit the MIT Online Learning page.
About 39.3% of the students who received their Master’s in financial math in 2019-2020 were women. This is in the same ballpark of the nationwide number of 40.8%.
Racial-ethnic minority graduates* made up 8.0% of the financial math master’s degrees at MIT in 2019-2020. This is lower than the nationwide number of 10%.
| Race/Ethnicity | Number of Students |
|---|---|
| Asian | 8 |
| Black or African American | 0 |
| Hispanic or Latino | 1 |
| Native American or Alaska Native | 0 |
| Native Hawaiian or Pacific Islander | 0 |
| White | 5 |
| International Students | 97 |
| Other Races/Ethnicities | 1 |
*The racial-ethnic minorities count is calculated by taking the total number of students and subtracting white students, international students, and students whose race/ethnicity was unknown. This number is then divided by the total number of students at the school to obtain the racial-ethnic minorities percentage.
More about our data sources and methodologies.