Master of Science/Juris Masters Joint Degree Program

UPDATE 5/2/2018: We expect this program to be officially approved in Fall 2018. The College of Law meanwhile has a 12 credit Certificate in Law program in financial regulation/compliance designed for Financial Math students. This may be undertaken in parallel with the MS degree in Financial Mathematics, and credits toward this Certificate may be applied to the 30 credit JM degree later, if desired. Stay tuned for pending university approval for the joint degree program described below. Regardless of the joint degree program, students may also apply to pursue both the MS and JM degrees in parallel. See the Director for more information.

The new Financial Mathematics MS/JM joint degree program is designed to allow students to simultaneous pursue the two-year Financial Mathematics MS degree from the Department of Mathematics and the one-year Juris Masters degree from the College of Law, completing both in as little as two calendar years.

Purpose: The interaction between quantitative modeling in the financial industry and the legal and regulatory framework imposed by Congress leads to the need for practitioners who understand both sides. This joint degree program is intended to produce financial quants who have training in securities regulations, energy, corporate, and tax law, so that they may assist the compliance and financial desks of financial, energy, and insurance firms that are subject to elaborate financial regulation.

Students earn the regular MS degree in Financial Mathematics plus a flexible Juris Master degree from the FSU College of Law. Some or all of the Juris Master courses may be taken online or in person. While the Financial Mathematics MS degree alone requires 35 hours of coursework and the Juris Masters degree alone requires 30 hours from the College of Law, students admitted to the joint degree program may earn both degrees with a total of 60 course hours.

Prerequisites for admission: Students are admitted to the joint program in the Fall only and should apply by April 30. Applicants should satisfy the prerequisites of the Financial Math program, described on the Financial Math admissions page.

In addition, international students whose native language is not English must demonstrate sufficient English language proficiency by a TOEFL score of at least 100 (internet-based), 250 (computer-based), or 600 (paper-based), or an IELTS score of at least 7.5. See the Juris Master admissions pages for more details.

To apply: Use the mathematics department application, and indicate that you wish to be considered for the joint M.S./J.M. degree program.

Required Core Financial Math M.S. Courses (30 hours)

Students must take at least 30 hours eligible for the Financial Math M.S. degree, including the following requirements:

Required Juris Master Courses (30 hours)

Students must take at least 24 approved law course hours from the Juris Masters program, including Introduction to Legal Studies (1 hr), Introduction to Legal Research (1 hr), and at least two courses from the following list of first-year J.D. courses:

Sample Schedule
Joint Financial Math / Law Master program

Here is a sample schedule leading to the M.S. in Financial Math simultaneously with the Juris Master in four semesters and a summer. Each student's actual schedule is planned individually with the Advisor.

1st Fall 1st Spring 1st Summer 2nd Fall 2nd Spring
MAP5601 Intro to Financial Mathematics (3) MAP5611 Intro to Computational Finance (3) MAP6621 Financial Engineering I (3) MAP5615 Monte Carlo in Financial Math (3)
STA5326 Distribution Theory and Inference (3) ECO5281 Financial Economics (3) electives (6) Torts (4) Law elective (3)
ISC 5305 Scientific Programming (3) MAT5939 Financial Math Proseminar (1, S/U) OR optional approved internship Dodd-Frank (3) Law elective (3)
MAT5939 Financial Math Proseminar (1, S/U) Contracts (4) Bankruptcy (3) elective (3)
Introduction to Legal Studies (1) Legislation and Regulation (3) elective (3)
Introduction to Legal Research (1)

Last Revised 12/18/2017