MCFAM (Minnesota Center for Financial & Actuarial Mathematics) is part of the University of Minnesota’s School of Mathematics. MCFAM combines undergraduate and graduate academic programs in Actuarial Science and Financial Mathematics with activities that bring together academia and industry. This collaboration creates high quality, comprehensive educational and research platforms that advance domain knowledge and address industry needs. MCFAM fosters interactions between students, faculty, industry practitioners, and visiting scholars through workshops, research projects, seminars, a distinguished lecture series, and industry-student career events. MCFAM's academic programs are interdisciplinary by nature so students get ample exposure to mathematics, computer science, economics, statistics, finance, insurance and ethics. They benefit from a mix of theoretical and experiential coursework where learning takes place through projects and research; so MCFAM students build strong technical depth and good communication skills. At MCFAM, we embrace a diversity of viewpoints and skills that foster exploration and creativity to push innovation forward.
Lecture Series: The MCFAM Distinguised Lecture Series is open to the public. Every year we bring in world renowned lecturers to speak on a wide variety of topics in the Quantitative Finance and Actuarial fields.
Seminars: The MCFAM Seminar attracts a variety of students, faculty and local practitioners. Check the MCFAM Seminar calendar; attend this public seminar and meet others with similar interests.
Summer Camps for High School Students: MCFAM, in conjunction with other University departments and corporate sponsors offers high school students the opportunity to learn about the latest STEM trends.
Student Research: MCFAM faculty advise Actuarial and MFM students on research projects that may be presented at the MCFAM Seminar and at academic and industry conferences.
Career and Professional Events: MCFAM, through its programs and student-run clubs, offers career development support and events to current and potential students and access to our talent pipeline for practioners and employers.
MCFAM Academic Programs
B.A./B.S., Mathematics with an Actuarial Science Specialization (Actuarial Program) Students develop a strong foundation in mathematics, and participate in real-world courses taught by faculty and practicing actuaries.
Master of Financial Mathematics (MFM) The MFM has a strong academic curriculum and a multifaceted career development program. Students learn mathematical and statistical modeling, data science and risk analysis within the specific domain of quantitative finance.
Fundamentals of Quantitative Finance (FQF) This two semester post-baccalaureate graduate certificate can be a gateway into the MFM program.