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M.Sc. in Financial Mathematics
M.Sc. in Financial Mathematics
The M.Sc. Program in Financial Mathematics at New Uzbekistan University is an intensive one-year program designed to provide students with a strong theoretical foundation and practical expertise in the development and analysis of mathematical models for solving complex problems in the financial sector. The program offers a rigorous curriculum covering Stochastic Analysis, financial market modeling, risk management, and advanced data analysis, equipping graduates with the skills required for both industry and research.
This accelerated program is ideal for professionals seeking to advance their expertise in quantitative finance and numerical implementation, as well as for graduates aspiring to pursue research in applied mathematics, stochastic processes, or financial engineering. By integrating fundamental concepts with cutting-edge developments, the program prepares students for leadership roles in industries, research institutions, and technological innovation.
Applications for Fall 2026 are now open!
Start Your ApplicationThe MSc in Financial Mathematics program requires students to complete 60 ECTS in 2 semesters (fall and spring). The 60 ECTS are divided into 40 ECTS of program core, 8 ECTS of electives and 12 ECTS of master project. Classes are expected to be held four times a week in the morning and afternoon.
Please note that the schedule is subject to change.
| Semester | Course code | Course name | Course type | ECTS credits |
|---|---|---|---|---|
| Semester 1 | MATH610 | Stochastic Analysis | Core | 8 |
| MATH620 | Mathematical Finance | Core | 8 | |
| ECON620 | Derivative Pricing & Risk Management | Core | 8 | |
| ENT610 | Corporate Finance & Asset Management | Core | 8 | |
| Total credits in Semester 1 | 32 | |||
| Semester 2 | MATH630 | Numerical Methods for Finance | Core | 8 |
| MATH640 | Nonlinear Optimization | Elective | 8 | |
| MATH700 | Master Project | Core | 12 | |
| Total credits in Semester 2 | 28 | |||
| Total credits | 60 | |||
Note: The structure of the course is subject to change.
Graduation Requirements
| Requirement | Description |
|---|---|
| Completion of Academic Credits | Fulfillment of the 60 ECTS credit requirement, comprising mandatory and elective courses and Master project as outlined in the program curriculum. |
| Residency Requirements | Completion of all two semesters at New Uzbekistan University. |
| Compliance with Policies and Regulations | Full compliance with the academic, administrative, and ethical standards of New Uzbekistan University. |
| Financial Obligations | Settlement of all tuition fees, semester fees, and associated costs to New Uzbekistan University. |
Entry requirements
Educational Background
Applicants must hold a Bachelor’s degree (minimum 180 ECTS credits) awarded by an accredited higher education institution. The degree must be completed in either full-time or part-time mode of study.
Minimum English Proficiency
- IELTS 5.5 or;
- CEFR B2 (51-55) or;
- TOEFL iBT 46 (Only TOEFL iBT tests taken at approved test centers are accepted. The TOEFL iBT Home Edition is not accepted.)
Note: Applicants who have completed their bachelor’s degree entirely in English are not required to submit the above-mentioned language proficiency certificates.
Entrance Exam Requirement
Applicants are required to pass the Math entrance exam.
Exam Date and Deadline for Registration
| Exam Date | Deadline for Registration |
|---|---|
| 2nd May | 24th April |
| 8th August | 31st July |
Fees and Funding
| Tuition Fee for 2026/2027 Academic Year | |
|---|---|
| Local students | 15 000 000 UZS per academic year |
| International students | $ 2 200 USD per academic year |
Scholarships for Master's Programs
We are committed to supporting our students’ educational journeys through a variety of scholarship opportunities. Scholarships at New Uzbekistan University are categorized into two main types: 1-Year Scholarships and 2-Year Scholarships.
Graduates of the MSc in Financial Mathematics program are prepared for advanced professional practice, research, and leadership roles in both industry and academia. Equipped with excellent abstraction and analytical skills, they are capable of systematically applying powerful mathematical modeling that address complex real-world challenges.
Typical career paths for graduates include positions such as:
- Risk Manager or Asset Manager
- Quantitative Analyst (Financial/Economic modeling)
- Academic or Doctoral Researcher
Graduates will be well-positioned to pursue opportunities in industries such as banking, auditing, and management consultancy, as well as in public authorities and research institutions. With the growing demand for highly skilled professionals in the digital era in Uzbekistan, the demand for highly skilled quantitative finance professionals will continue to expand, offering graduates both local and international career prospects.
