MCFAM Minnesota Center for Financial and Actuarial Mathematics header image

MCFAM - Minnesota Center for Financial and Actuarial Mathematics

MCFAM is the Minnesota Center for Financial Mathematics and is part of the University of Minnesota’s School of Mathematics.  MCFAM houses both the undergraduate actuarial and graduate financial mathematics programs. These programs provide students an interdisciplinary framework for building a strong academic foundation while also gaining real world experience with industry over the course of their education.

MCFAM Programs

Masters of Financial Mathematics (MFM)

Undergrad Actuarial Science

  • MS in Financial Mathematics
  • Math, statistics, coding classes
  • Quants teach applied courses
  • Only MFM in Upper Midwest
  • Vibrant local quant finance hub
  • Tight-knit alumni network
  • Many student/company meetings
  • Yearlong career workshop
  • Excellent placement record
  • BS/BA-Actuarial Math
  • Courses with acutaries
  • Prep for actuarial exams
  • Relevant for analyst jobs
  • Mentoring program
  • Active actuary club
  • Large insurance hub
  • Internship Support
  • Large alumni network

MCFAM Mission

MCFAM’s mission is to bring industry and academia together create high quality, comprehensive educational and research platforms that advance domain knowledge and address industry needs.  MCFAM is committed to inspire and add value to our many different communities - students, employees, industry and academic collaborators and the general public. We are dedicated to providing a positive environment that welcomes exploration, creativity and embraces diversity of viewpoints and skills that push innovation forward.

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Actuarial Science
Class of 2015

What excites me about being an Actuarial Science Major at the U of M is the opportunity to apply mathematics to my interest in business and finance. I have always enjoyed math, but I wanted a practical way to apply my analytical skills.