University of Minnesota Master of Financial Mathematics Fellowship for Opportunity and Advancement

Do you want a high paying job that uses your mathematics, statistics, and data science skills? Are you intrigued by a career path that will allow you to continually advance and innovate in a field with high demand for people with strong mathematics skills? This fellowship covers all costs to complete the Master of Financial Mathematics (MFM) at the University of Minnesota’s School of Mathematics in 2 years!

The Fellowship value is approximately $97,000 and is within the established cost of MFM attendance:

-Fully paid tuition
-Annual living stipend of $25,000 per year
-Subsidized health and dental insurance coverage for up to two years while in the MFM
-Many opportunities for paid summer internships at donor, local, and other national firms


This Fellowship is made possible by the generous gifts from inaugural leadership donors Cargill Risk Management (CRM) and Allianz Investment Management (AIM). They frequently hire MFM alumni and are committed to increasing diversity in the University of Minnesota’s MFM student body.


The Master of Financial Mathematics prepares students to enter the high paying and fascinating field of quantitative finance which merges the disciplines of mathematics, statistics, economics, data science and finance. The program has a strong academic curriculum and a multifaceted career development spport. MFM students develop a foundation in mathematical and statistical modeling, data science and risk analysis within the specific domain of quantitative finance.


Our alumni work in a wide range of quantitative finance and data science jobs. While in the program get involved with a tight-knit group of classmates, professors and advisors. Interact with our involved alumni and practitioner network in Minneapolis-St. Paul, nationwide and globally. All courses are held at night so full time students can engage in additional academic and career activities during the day.


Click Here and Apply Now! https://cse.umn.edu/mcfam/mfm-fellowship-opportunity-and-advancement