Banking and Investment are two fields that offer a wide range of exciting
career opportunities to ambitious, quantitatively minded people. M-Phimac,
the M.Sc. program offered by the
Mathematics and Statistics
Department at McMaster University,
is for the student who wants a
fast track to a finance industry career in the areas of risk management,
derivative securities analysis and portfolio design. With seven
specialized grad courses in the first eight months, followed by an industrial
project through the summer, you will be well prepared to go after one of many
opportunities available in banking, insurance and the investment business.
What is it?
M-Phimac is an intensive M.Sc. program in Financial Mathematics that is
completed within one year. Eight months of coursework emphasize the
development of strong mathematical foundations, with the goal to understand
the applications of mathematics to finance and investments. The summer
industrial project will explore a topic of current interest with guidance from an
industry professional and can be completed while working full time or as an intern.
Who is this for?
This program targets ambitious new and recent graduates in mathematics,
or related subjects such as statistics, physics, computer science, and
engineering, who are interested in a career in finance. Successful applicants
will have a minimum B+ average across their level 3 and 4 undergraduate
courses, or the equivalent standard from another university. Beyond
academic achievement, other key indicators of potential success in the
program are analytical expertise, excellent communication skills and
computer programming capability.
What will you gain?
You will have a competitive advantage in exciting careers in the expanding
quantitative finance industry. Having mastered sophisticated mathematical
techniques, and having gained a deep understanding of valuing financial
securities, you will have the confidence to face the challenging interview
process that marks the entrance into the finance profession. You will be
prepared to start a career as a quant working on financial modeling, risk
management, or as a trading analyst. Quantitative career paths accessible
to our graduates are also expanding in the insurance and investment