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Home > Study in USA > Study Group - New Jersey Institute of Technology > Bachelor of Science in Mathematical Sciences - Mathematics of Finance and Actuarial Science

Bachelor of Science in Mathematical Sciences - Mathematics of Finance and Actuarial Science Study Group - New Jersey Institute of Technology Study Group - New Jersey Institute of Technology, USA

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USD 39912

Annual Tuition Fee

!
*Subject to change and other fees
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 Free

Application Fee

Duration icon

48 months

Duration

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6

IELTS

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79

TOEFL

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70%

Min GPA

Program Overview

In the Mathematical Sciences B.S program, students will gain a strong, fundamental understanding of both applied and pure mathematics, which they can apply to a diverse set of concentrated career fields including mathematics, natural sciences, computer science, social sciences or business. The program’s objective is to prepare students for graduate studies or successful careers in mathematical science and related fields.

Students and/or graduates of the Mathematical Sciences B.S. program will exhibit and/or engage in the following:

  • Ethical and Professional Behavior: Our students will develop skills to effectively communicate, lead and collaborate in a team dynamic and act ethically in a professional setting.
  • Chosen Research Focus: Students work closely with their academic advisor to achieve their academic and career focus through program concentrations in Applied Mathematics, Applied Statistics, Computational Mathematics, Mathematical Biology and Mathematics of Finance and Actuarial Science.
  • Academic Excellence: Our students will build the academic foundation for a successful career in fields such as mathematical finance, mathematical computing, statistics or actuarial science.

What You Will Learn:
Alongside NJIT’s distinguished faculty, students of the Mathematical Sciences B.S. program will develop and enhance their computational and analytical skills to become highly qualified professionals who can enter productive and in-demand careers in industry, education, and research in New Jersey and throughout the U.S. 

Though the program encourages students to hone various skills and knowledge they are interested in its diverse concentrations, graduates from the B.S. in Mathematical Sciences program should all meet the following learning outcomes:

  • Ability to apply knowledge of mathematics and mathematical methods.
  • Ability to identify well-defined features of quantifiable systems and extract useful inferences from data.
  • Ability to formulate a mathematical model of a quantifiable system.
  • Ability to use mathematics to solve a mathematical model or problem; in particular, an ability to extract quantitative data and information from a mathematical model. Depending on the concentration, the mathematical models that are studied are drawn from physics, biological sciences or finance. Extracting features from data is particularly stressed in the Applied Statistics concentration.
  • Ability to distinguish between a good (or well-founded) model and a bad or (poorly-founded) model.
  • Ability to communicate effectively; in particular, an ability to communicate concepts and methods of mathematical sciences and their relation to problems in other fields of science and engineering.
  • Ability to work effectively, both independently and as part of an interdisciplinary group.
  • A recognition of the need for and an ability to engage in lifelong learning.
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Additional Information

Program Level 4-Year Bachelor's Degree

College/University Processing Time 10 Days

Program Format Full-Time

Optional Practical Training (OPT) work permit

Program Intake

Open

Sep 2026

General Admission Requirement

    Academic Requirement

    • Minimum Level of Education Required: To be accepted into this program, applicants must have Grade 12 / High School Diploma.

    6 IELTS Score
    79 TOEFL Score Minimum Overall Score
    53 PTE Score Minimum Overall Score
    100 Duolingo Minimum Overall Score
    1000 Sat Minimum Overall Score
    70% CGPA Minimum Overall Score

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    Tuition Fee

    The values given below are estimated figures, excluding extra charges like material fee, student activity fees, athletic fees, health care, etc., for courses. To know more, please visit the page.

    Average Tuition Fee Per Year

    39912

    Tuition Fee
    (USD)

     Free

    Application Fee
    (USD)

    16450 Per year

    Average Cost of Living
    (USD)

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    The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

    for more information about funding options.

    Scholarships

    University Level Program 2025-2026 Initial Scholarship Amount 2025-2026 2-4 Scholarship Provider Confirmed for 2026-2027
    New Jersey Institute of Technology Undergraduate Direct Admit 2026-27: 15,000 USD average award; top awards for non-Honors College students: $25,000
    Merit-based: 3.0 GPA minimum
    Available, merit-based NJIT Yes
      Graduate Direct Admit 2026-27: Range of $6,000 USD to $10,000 USD; average award of $8,100 USD per year
    Merit-based: 3.0 GPA minimum
    N/A NJIT Yes

     

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