Applied Mathematics Professional Master's Program
Applied mathematicians are involved in more fields than most of us know. We come in contact with businesses or companies built upon and sustained by the expertise of applied mathematicians almost every day. For example, applied mathematicians stand behind every online purchase that we make, every train we take, every weather report we receive, every video game we play, and every digital image we view. Renewable energy calculations, natural disaster simulations, computer animation, digital imaging, epidemiological modeling, pharmaceutical manufacturing, financial services, and investment managing are all fields that require high-level mathematical skills. Mathematical theories and techniques are used to innovate and to create, to predict and to solve. Since problem-solving is vital in almost every field, those who are skilled in this area are in increasingly high demand in a multitude of different jobs (USA Today). According the Society of Industrial and Applied Mathematics, "The very idea of a career in mathematics has evolved and diversified," and applied mathematicians hold a variety of unexpected job titles such as employee benefits consultant, electronic commerce specialist, imaging scientist, and risk analyst.
The Master of Applied Mathematics program at IIT is a non-thesis professional master's degree program that provides graduates with mathematics training for technology-based jobs in business, industry, or government. Graduates develop state-of-the-art skills in modeling, analysis, and computation needed to solve real-world problems. The program requires students to learn writing and communication skills along with teamwork and project management skills. The program can typically be completed in 15 months, with three regular term semesters and one summer semester. More >
Master of Mathematical Finance
Over the past few decades major transformations in global finance have given rise to increased demand for professionals with a deep understanding of the modern financial system, and the ability to provide quantitative services—such as the development and validation of pricing and hedging models—to the financial sector.
The IIT Master's in Mathematical Finance (MMF) is a professional (non thesis) interdisciplinary program offered jointly by IIT Stuart School of Business (SSB) and the Applied Mathematics (AM) department. It has been developed specifically to respond to these market and intellectual needs through a uniquely designed curriculum that integrates financial economics, theory of probability and stochastic processes, applied mathematics, computational mathematics and statistics.
The program provides individuals interested in pursuing careers in financial risk management with advanced education in theoretical, computational and business aspects of relevant quantitative methodologies. More >