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The diagram illustrates the local accuracy of the tangent line approximation to a smooth curve, or--otherwise stated--the closeness of the differential of a function to the difference of function values due to a small increment of the independent variable.

Application Deadlines

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Early decision: Early application is encouraged for all candidates. Candidates who have complete applications (both to the Math Department and to the Graduate School) prior to 28 February will be evaluated and notified of admission decisions by 31 March. Some applicants not admitted will be placed on our waiting list, and there is the possibility of further offers being made toward the middle of April, some more toward the middle of May, and perhaps even some in early to mid-June.

For applications that are not completed until after 28 February, there isn't a detailed official timeline, but, in past years, our process has been to do a once per month review of new applications. Thus, if, say, an application arrives in March, it will probably go into the batch to be reviewed in early April. Because of the April 15 resolution, we hope to complete the review of March applications in time to make a round of offers on 10 April.

If you decide to apply, it is to your advantage to complete your application as early as possible since it is possible that we will "fill up" and have to turn away applicants, not based on their qualifications, but only on our need to keep a reasonable bound on class sizes. This problem, in fact, occurred during the 2008 admission season.

The final application deadline is 5 June. Again, this means that both applications (to the Math Department and to the Graduate School) must be complete on that date, including transcripts, letters of recommendation, and all other parts of the application. For applications not being considered for early admission, there is no set schedule for when admissions would be made, but we do expect to complete our work by 15-20 June.

WARNING: You may be required to submit a GRE exam score. (Please point to http://www.math.umn.edu/finmath/admission_requirements/ for information about our admission requirements. Also, see Q8 at http://www.math.umn.edu/finmath/faq.) If so, we recommend that you register during early summer, so that you can take the October or November exam, so that the score can be reported by the 28 February deadline for early decision. You could also take the April exam, but you would not hear about a decision about waiving the prep course until after the results are reported.

Similarly, if you need to take TOEFL, you should register very early, probably in early summer, several months before applications are due.

We admit new students for the fall term of each year only.

Financial Mathematics
(612) 625-1306     mfmath@umn.edu
127 Vincent Hall
206 Church St. S.E.
Minneapolis, MN 55455 USA
www.math.umn.edu/finmath/application_deadlines/index.shtml
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