Program Policies

Auditing Courses/ Non-MSMF Students

The MSMF program does not allow auditing. All students must be formally registered to attend classes.

Exceptions to this rule are as follows:

University of Miami undergraduate students who are in good standing may, upon permission from a student advisor, the course instructor, and the Director of the Program, take up to two core courses in the MSMF Program. If the student successfully completes the course(s), the credits earned may be applied to the core requirements of the MSMF Program. Space limitations apply.

Non-MSMF graduate students may take up to two core courses in the MSMF Program without being admitted into the program. Graduate students must register for each class through their program of study. Permission from the MSMF Director and course instructor are required. Space limitations apply.

For those undergraduates who take courses with the MSMF Program, and apply for admission and are accepted, credit will be granted towards a degree in Mathematical Finance for any course with a grade of a B- or higher.

Course Grades

MSMF students must earn a grade of ‘C’ or higher in all Program courses. All grades are final, and can only be changed by the Registrar if an administrative error has been made.

Courses outside of the MSMF Program

Students are not allowed to take any courses outside of the MSMF Program, and have those courses count towards their degree requirements. No coursework completed prior to entering the MSMF Program will be considered towards a student’s degree, except as noted above in the Auditing Courses section.


The MSMF Program requires GPA of 3.0 or higher in the core courses of the program (18 credits of Mathematics courses + 4 credits of Finance courses).

These requirements are in addition to the University-wide Graduate School requirements.

Leave of Absence

Students who need to take a leave of absence from the program are required to notify the Director as soon as possible. A student may take a leave of absence for up to one year (2 semesters). Requests for longer leave will be considered on a case-by-case basis.