MS Mathematics in USA- Top Colleges, Requirements, Tuition Fee and Scholarships

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    Bhavya Rawal

    Study Abroad Expert

    MS in Mathematics in USA is a graduate level course offered by many colleges. The entire program consists of 30-36 credit hours which students need to complete. Over a span of two years, MS in mathematics requires students to extensively study basic and fundamental mathematical courses, choose specializations in pure or applied mathematics and write a thesis paper by the end of the course.

    Pursuing a master’s degree in mathematics prepares candidates to get into a doctorate level program or take up professions in various government and private industries. There are various course options to choose from to study in USA.

    Types of Masters in Mathematics in USA

    Masters in Mathematics can be pursued as following courses in the USA:

    • MA in Mathematics
    • MS/MSc in Mathematics
    • MS in Financial Mathematics
    • MS in Statistics
    • MA in Statistics
    • MS in Applied Mathematics
    • MS in Applied Statistics

    MS in Applied Mathematics in USA

    Applied Mathematics involves the practical application of mathematical concepts to provide solutions to real-world problems.

    What makes Applied Mathematics different from Pure Mathematics is that the former is more focused on application/practical use of mathematics while the latter primarily focuses on proofs and theories.

    MS in Applied Mathematics in USA is a versatile field of study which enables students to find a career in various industries and allows application of their education in fields of physics, biology, chemistry, computers and medicine.

    Some of the colleges offering MS in Applied Mathematics in USA are mentioned below:

    MS in Financial Mathematics in USA

    Financial Mathematics (also called Financial Engineering/ Quantitative Finance/ Mathematical Finance/ Computational Finance) is a branch of Applied Mathematics which uses mathematical tools and methods as a means to solve financial problems and provide better finance management.

    MS in Financial Mathematics in USA involves studying the mathematics behind all basic financial instruments such as stocks, bonds, annuities etc. The study enhances by drawing on tools from statistics, probability, stochastic processes and economic theory.

    Equipped with a master’s degree in Financial Mathematics, candidates can explore careers in government, finance, marketing and agricultural industries. The learning acquired through this program translates excellently into skills that one would need if they desire to enter the world of finance and start trading.

    A few colleges offering MS in Financial Mathematics in USA include:

    • The University of Chicago, Chicago
    • Boston University, Boston
    • John Hopkins University, Baltimore

    Why Pursue MS in Mathematics in USA?

    Apart from being a world leader in the field of higher education, USA has a highly acclaimed history of mathematicians and scientists in the field of mathematics.

    Given below is a list of reasons why you should consider pursuing MS/MSc Mathematics in USA:

    • According to QS World Ranking 2017, USA has 6 of the top 10 colleges for mathematics in the entire world.
    • USA has an abundance of research facilities, institutes and alumni for students to excel in the field of mathematics.
    • The value of a MS degree from USA is highly revered all over the world.
    • Studying MS in USA exposes international students to various cultures while complementing academic as well as personal growth.

    MS in Mathematics in USA: Top Colleges

    Given below is a list of popular colleges offering Masters of Mathematics programs in the US.

    Name of College Course(s)
    Stanford University MS in Statistics
    Stevens Institute of Technology MS in Mathematics
    Yale University MA in Statistics
    University of Southern California MS in Applied Mathematics
    San Diego State University MA in Mathematics
    Northwestern University Master of Mathematics, MS in Analytics
    California State University MA in Mathematics
    Wichita State University MS in Mathematics
    North Carolina State University MS in Mathematics
    The University of Chicago MS in Financial Mathematics, MS in Statistics
    University of California (Berkley) MA in Statistics, MA in Mathematics

    MS in Mathematics in USA: Admission Requirements

    Before applying to any MS program in the United States, International students need to ensure their fulfillment of the following broad eligibility criteria:

    • GPA: Most colleges in the US give importance to the academic performance and history of a candidate. The Grade Point Average obtained by candidates at the undergraduate level must be above 3.0 on a band of 4 to obtain admission at Master’s level in their desired college.
    • 16 years of former education: Although it is important for students to have obtained 16 years of formal education to get admitted into MS courses in US, recent times has observed the emergence of students being granted admission with 15 years of formal education too. Since many countries have undergraduate level programs that span over 3 years, this eligibility requirement presents a barrier for several aspiring international students.
    • Language Proficiency Test: International students that do not have English as their first language need to take up language proficiency tests such as TOEFL or IELTS depending on which score their desired college(s) accept. Ideally, an IELTS score of 7 and TOEFL score of 100 is considered good.
    • GRE: GRE scores are crucial while seeking MS courses in American Colleges. Most colleges mandate submission of GRE scores and have their own minimum acceptable score range. For admission to Mathematical graduate programs, candidates need to have a decent score (165 or above) in the quantitative section of the exam.
    • Statement of Purpose: Students need to come up with a SOP highlighting their research interest, future aspirations, the reason for pursuing the course, reason for choosing a specific college and other such details.
    • Letter of Recommendation: Colleges in the US require candidates to produce at least 2-3 letter of recommendations from previous teachers/counsellors.
    • Projects and Internships: Voluntary work and projects taken up by students is of crucial importance to colleges in the USA. Candidates should produce a record of all such activities undertaken by them while applying to MS courses in America.
    • Research Paper: This is not a mandatory requirement but having published a national/international research paper with your name on it can highlight your profile exponentially and make you a desirable student for many colleges.
    • Work Experience: Graduate course colleges in the US prefer students with some work experience in their area of interest/ specialization. It is always a good idea to gain some work experience before applying to MS courses in America.

    MS in Mathematics in US Universities: Admissions

    MS Mathematics, Stevens Institute of Technology

    • Bachelor’s degree in mathematics, computer science, physics, chemistry, biology, engineering, or social sciences with some math background.
    • Minimum GPA 3.0
    • Official College Transcripts
    • 2 Letter of Recommendations
    • Statement of Purpose
    • TOEFL/IELTS score
    • Competitive GRE/GMAT score

    MS Mathematics, Wichita State University

    In addition to the general MS requirements stated above, the institute has following eligibility guidelines:

    • Undergraduate major in Math or equivalent
    • GPA 3.0 or above in all Mathematical courses
    • TOEFL (Minimum acceptable score: 79 for internet-based test, 550 for paper-based)/ IELTS: Minimum score of 6.5

    MS in Financial Mathematics, University of Chicago

    • A solid background in Mathematics. Minimal requirements include completion of multivariable calculus, probability and linear algebra.
    • Candidates with work experience are preferred.
    • Basic computer programming skills are mandatory.
    • List of documents required: Resume, Candidate Statement, 3 Letter of Recommendations, Video Statement, GRE General Test Scores, Transcripts from all previous colleges/universities attended.
    • Minimum acceptable TOEFL score: 90, IELTS: 7.

    Master of Applied Mathematics, Illinois Institute of Technology

    • Bachelor’s degree in mathematics, science, engineering, business or an equivalent degree with a minimum GPA of 3.0.
    • Minimum required GRE scores: 304 (quantitative+ verbal), 2.5 (analytical writing)
    • Professional Statement of Objective
    • At least one letter of recommendation
    • IELTS: 6.5 or above, TOEFL (internet-based): 90 or above.

    MS in Mathematics in USA: Course Fee and Financial Aid

    College and Course First Year Tuition Fee (INR)
    Illinois Institute of Technology: MS Financial Mathematics 30.2 Lakhs
    University at Buffalo: MA in Mathematics 25.9 Lakhs
    San Diego State University: MA in Mathematics 24.2 Lakhs
    Stevens Institute of Technology: MS in Mathematics 29.3 Lakhs
    Stanford University: MS in Statistics 55.1 Lakhs
    Northeastern University: MS in Mathematics 31.6 Lakhs
    University of Chicago: MS in Financial Mathematics 48.7 Lakhs
    University of Southern California: MS in Applied Mathematics 39.7 Lakhs

    The table above depicts several colleges in the US offering master’s program in Mathematics and their respective fee.

    International students should keep in mind that there are various other costs to cover in addition to the tuition fee charged by colleges. These costs include application fees, travel expenses, accommodation charges and other miscellaneous expenditure.

    Financial Aid for MS in Mathematics in USA

    International students have a few financial aid options that they can avail at different colleges across America.

    • Merit Based Scholarship: These are hard to come by for international students and only a handful exceptionally talented candidates can avail 100% scholarship when it comes to the tuition fee. Scholarship programs differ across colleges in the US and students with excellent academic history may get a fraction of their course fee in form of scholarship.
    • Student Employment: Majority of colleges across America provide on campus job opportunity, which considerably reduces the stress of covering expenses for international candidates.
    • Private Loans: Colleges can steer their candidates to authentic loan providers which will help students to cover their cost of education.

    Pursuing a Master’s degree in the US is by no means cheap. Students are advised to gather the funds for their education well in advance, or start exploring financial aid options before applying to specific colleges.