### SUMMARY

 Choosing to study Financial Mathematics is a valuable choice and ordinarily an essential first step for undergrads wanting to begin a career as a portfolio manager, an internal revenue officer, or a trading floor analyst. In fact, financial mathematics is an uncommon degree being the 298th most popular degree. Last year, there were 400 financial mathematics graduates. In-state tuition for financial mathematics at private schools is, on average, 4.1 times more spendy than their public rivals.

 With just 36 institutions offering this degree you might have limited options as to the institutions you can choose from. If you're hoping to immerse yourself with other financial mathematics students, look at universities in California which have the most students admitted to financial mathematics annually. More generally, the best region to get a degree in financial mathematics is in the Far West region with [University of California-Los Angeles](/colleges/university-of-california-los-angeles), [University of Southern California](/colleges/university-of-southern-california), and [University of Portland](/colleges/university-of-portland) best representing the region. Interestingly, our selection of the top conference to major in financial mathematics is the Pacific-12 Conference with [University of California-Los Angeles](/colleges/university-of-california-los-angeles) representing the conference. Based on our extensive list of the [best colleges](/rankings/best-colleges), our choice for the best college for financial mathematics is [Massachusetts Institute of Technology](/colleges/massachusetts-institute-of-technology).

 The objectively best school is not necessarily the best school for you. There can be lots more factors to consider when deciding on school. External stuff such as campus amenities, transportation services, and food could definitely modify your choice of where to go to university. Here at Authority, we have evaluated the pros and cons for you. If, for example, you want to know which financial mathematics college boasts the top campus, the answer is [University of California-Los Angeles](/colleges/university-of-california-los-angeles). If you are very interested in which university boasts the best campus, we have a whole list [dedicated to that](/rankings/best-college-campuses). We have carefully pored through student reviews, professor reviews, government databases, and more in order to compare each major in an unbiased and informative way. Here you can explore our well researched list for the schools with the [best student life](/rankings/best-student-life)&nbspand, from that list, our choice of the university with the best student life for financial mathematics is [Massachusetts Institute of Technology](/colleges/massachusetts-institute-of-technology). Curious why? Continue reading to find out more about Authority's top recommendations. Many of our decisions will probably shock you.

 If cost is a primary deciding factor in your decisions, you might consider avoiding [University of Southern California](/colleges/university-of-southern-california). [University of Southern California](/colleges/university-of-southern-california)&nbspappears to be the most expensive college for financial mathematics, at least regarding out of state students. That being said, we have a page for the [most expensive](/rankings/most-expensive-colleges)&nbspuniversities that could put the cost of [University of Southern California](/colleges/university-of-southern-california)&nbspinto perspective. You may also care to know that financial mathematics is the 68th most expensive degree in the United States, with an average bill of $44,000. To zoom out a little, the most expensive state for financial mathematics on our list is Pennsylvania demonstrated by a cost of $55,816 at Carnegie Mellon University. To zoom out even further, the most costly region for financial mathematics is the Far West region which is best demonstrated with [University of Southern California](/colleges/university-of-southern-california) with a cost of $57,256, [University of Portland](/colleges/university-of-portland) with a cost of $47,478, and [Whitman College](/colleges/whitman-college) with a cost of $53,420.

 Our cheapest region for financial mathematics is the Southeast region which is represented by [University of Kentucky](/colleges/university-of-kentucky) with a cost of $29,331. On the bright side, the most affordable university for financial mathematics is [CUNY Bernard M Baruch College](/colleges/cuny-bernard-m-baruch-college). Authority.org's full list of the most affordable universities can be explored [here](/rankings/most-affordable-colleges).

 In-state students can anticipate paying around $12,400 for a degree in financial mathematics. That price balloons by a lot to a median of $31,200 for an out-of-state public-school student. Our pick for the university constituting the best value for financial mathematics: [Massachusetts Institute of Technology](/colleges/massachusetts-institute-of-technology). Through this link you can see our comprehensive list on the universities we see as being the [best value](/rankings/best-value-colleges)&nbspin general. That being said, this section is predicated on the assumption that you are an out-of-state student. The value proposition changes when it comes to in-state tuition, but as we do not know what state(s) you might qualify for in-state tuition, we are approaching this discussion through out-of-state tuition costs.

 Earnings for financial mathematics students vary a lot, but two-years after leaving college graduates will often earn around $63,900. While there can be a lot of variation in earnings; highest paid earners can rake in up to $133,700. Even right out of school, the minimum earning jobs within the financial mathematics field make $30,100, which could be worse. The highest earning grads from financial mathematics attended [Massachusetts Institute of Technology](/colleges/massachusetts-institute-of-technology)&nbspand if you want to find the colleges with all of the [highest earning graduates](/rankings/highest-earning-graduates), we have that too.

 The all-around diversity of financial mathematics falls below average, ranking in the 44th percentile of majors nationally. The college with the most composite diversity for financial mathematics is [Massachusetts Institute of Technology](/colleges/massachusetts-institute-of-technology)&nbspand here you can find our comprehensive list for the colleges with the [most diversity](/rankings/most-diverse-colleges). The financial diversity of the Financial Mathematics major only sits in the 15th percentile of all majors. Racial diversity is actually above financial diversity, in the 35th percentile. Students who are not asian, white, black, or latino compose the largest share at 66% of scholars majoring in financial mathematics. Additionally, 61% of undergrads pursuing a financial mathematics degree are men.

 We have insufficient professors data for financial mathematics to make the conclusions we normally would have made in this sentence. As we consider data other than basic rankings it becomes clear that the university with comprehensively the best instructors for financial mathematics is [Massachusetts Institute of Technology](/colleges/massachusetts-institute-of-technology). You will find more detail on our evolving ranking methodology of the [best overall professors here](/rankings/best-professors), along with some of the finest instructors nationwide.

 Finally, the most difficult college to get into for financial mathematics is [Massachusetts Institute of Technology](/colleges/massachusetts-institute-of-technology). While we do not necessarily see the value in it, we do have a general list of the [hardest colleges to get into](/rankings/hardest-colleges-to-get-into). But, here at Authority we hope you understand that approaching academics with a lens only informed by superlatives could be said to be the root of many of higher education's fundamental issues. We hope you explore our other pages on individual schools and explore a couple of Authority's background articles on important details to think about as you progress with your university search.



 ### POPULARITY

 Financial mathematics is the 298th most popular degree in America, with 400 students receiving their bachelors degree last year. It just beat out #299 [Russian Language and Literature](/rankings/best-colleges-for-russian-language-and-literature).

 The degree is offered at a total of 36 colleges across the nation, and is the 315th most widely offered degree. It is only offered at 5% of the Top 100 [Best Colleges](/rankings/best-colleges) in America.

 It is also worth noting that 38% of colleges offering financial mathematics are public making it a relatively inaccessible field.

 The far west produces the most financial mathematics graduates, largely led by [University of California-Los Angeles](/colleges/university-of-california-los-angeles), while it’s the Pacific-12 Conference that leads conference totals. As far as states, California ranks highest, with particular help from [University of California-Los Angeles](/colleges/university-of-california-los-angeles) and [University of Southern California](/colleges/university-of-southern-california).

 All that being said, no individual school produces more financial mathematics graduates than [Arizona State University-Tempe](/colleges/arizona-state-university-tempe), which graduated 126 students last year alone. Although size is critical, another important factor to consider is the program’s density (the percent of all students that study financial mathematics). More students studied financial mathematics as a percentage of total students at [Stevens Institute of Technology](/colleges/stevens-institute-of-technology) than any other college.



 ### COST

 Financial mathematics is the 68th most expensive degree in the nation, with a median cost of $43,967 amongst the top 50 programs (just ahead of #69, [Japanese Studies](rankings/best-colleges-for-japanese-studies), with a median cost of $43,803).

 The Far West has the most expensive schools with top 50 financial mathematics programs led by [University of Southern California](/colleges/university-of-southern-california) with an annual cost of $57,256. Pennsylvania is the most expensive state for financial mathematics led by [Carnegie Mellon University](/colleges/carnegie-mellon-university).

 Public schools with solid programs typically charge 75.65% less than private schools for in-state students. However, when looking at out-of-state tuition, the median top 50 Public school charges 38.69% less than your average private school. So be sure to look into public shools in your state as soon as possible.

 The most expensive top 25 college for financial mathematics is [University of Southern California](/colleges/university-of-southern-california), which is the 14th most expensive college in the nation. The most affordable option in the top 100 is [CUNY Bernard M Baruch College](/colleges/cuny-bernard-m-baruch-college). It costs just $14,880 per year, and it is ranked 11th for its financial mathematics program. Another more affordable choice would be #13, [University of Cincinnati-Main Campus](/colleges/university-of-cincinnati-main-campus) in Hamilton County, OH with a cost of $9,982 for in-state students and $25,316 for out-of-state students.



### SALARY

 Enrolling in college is a major investment for most. It's critical to make sure you are well positioned to justify your investment. We intend for the following earnings and career information to help you in deciding your major at college.

 The average Financial Mathematics alumni earns a first year salary of $60,907 per annum, which is the 49th most of any major. With experience in their vocations, they can make as high as $133,710 to as little as $30,148, but average about $63,928. Just so you know, that is 65% above the American average.

 The most common job placement for a Financial Mathematics graduate is Analyst, which for the most part earn around $54,000; next are Account Executive and Consultant, which often make about $36,000 and $56,000 respectively.

 New England has the most well paid Financial Mathematics graduates. The most well paid state for Financial Mathematics graduates is MA. Ivy League has the most well paid Financial Mathematics graduates of any conference..



### STUDENTS

 College can be an exceedingly consequential adventure in one's life; it is an opportunity for personal growth and maturation. Undergrads attempt to find out what they can become and cultivate the required skills to be a successful member of society. But growth goes beyond a classroom - the discussions which one has with his classmates, the nugget of wisdom received from an eccentric professor, the exposure to a different attitude. Therefore, a diverse univeristy experience greatly improves what you gain from your time spent in college.

 Financial Mathematics is a pretty racially diverse major. It has the 3rd biggest share of students of other races\*\*. 66% of the United States' Financial Mathematics majors are students of other races\*\*, followed by white students (21%), asian students (10%), and latino students (3%). The most racially diverse college\* in the top 100 is [Trinity University](/colleges/trinity-university)&nbspin San Antonio, TX.

 In addition, Financial Mathematics significatly skews male, with a smidgeon over 3 in 5 students majoring in Financial Mathematics identifying as men. [Whitman College](/colleges/whitman-college) in Walla Walla, WA has the most gender balanced student body in the top 100.

 Another significant type of diversity is financial diversity. Unfortunately, Financial Mathematics is less economically diverse than 85% of majors in the US. 34% of its students come from families that take home more than $110,000 per year, 16% are from families with $75,000 to $110,000 annual incomes, and 21% grew up in families who earn less than $30,000 a year. [University of Kentucky](/colleges/university-of-kentucky) has the most socioeconomically diverse students in the top 100.

 Considering each type of diversity, overall TX is the most diverse state for Financial Mathematics. The Southwest is the most diverse region, and the Southern Collegiate Athletic Conference is the most diverse conference.

   \* diversity calculations and comparisons are based on [Simpson's Diversity Index](https://en.wikipedia.org/wiki/Diversity_index)   
  \*\* other races is used to refer to non asian, black, latino, or white

  #### Diversity Statistics

  ##### Racial Diversity

 * Asian: 10%
* Black: 1%
* Latino: 3%
* White: 21%
* Other: 66%
  ##### Gender Diversity

 * Male: 61%
* Female: 39%
  ##### Socioeconomic Diversity (By Household Income)

 * Under 30k: 21%
* 30k - 48k: 13%
* 48k - 75k: 15%
* 75k - 110k: 16%
* Over 110k: 34%
  ##### Geographic Diversity

 * In State: 61%
* Out of State: 31%
* International: 8%


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2023 Financial Mathematics Salary

There are about 7,542 students enrolled in Financial Mathematics in the USA.

SALARY