College of Science and Health > Academics > Mathematical Sciences > Graduate Programs > Applied Mathematics (MS)

Applied Mathematics (MS)

The tools and methods of Applied Mathematics are applicable wherever quantitative data is used for strategic decision-making. The Master of Science in Applied Mathematics is designed to provide students with the quantitative background they need in order to apply those tools and methods in business, industry, or government. The program also provides a solid foundation for students interested in pursuing a PhD in Applied Mathematics.

DePaul's Master of Science in Applied Mathematics offers degrees in four areas of concentration: Actuarial Science, Applied and Computational Mathematics, Mathematical Finance, and Statistics. The program emphasizes computation and technologies that play an important role in problem solving across the job market, including research equipment and software used for data analysis, numerical analysis, simulations, and mathematical modeling.

Program Features

Location and Schedule

Courses in the Applied Mathematics program are offered weekday evenings at the Lincoln Park campus.

Outstanding Faculty

All courses are taught by full-time faculty who consider teaching their primary commitment. Our students are encouraged to interact with faculty and each other, creating a friendly and stimulating classroom environment.

Technology-based Learning

Many courses use software packages such as Maple, MATLAB, SAS and R—programs often used in places of employment—and expose students to real-life data.

Career Opportunities

Our graduates have had great success in securing jobs with leading businesses and employers, including:

  • Acadia Healthcare
  • Allstate
  • Aon Hewitt
  • Blue Cross Blue Shield of Illinois
  • CNA
  • Deloitte
  • Discover Card
  • Harry Truman College
  • Internal Revenue Service
  • Medical Mutual of Ohio
  • Milliman
  • North American Company
  • State of Illinois
  • TransUnion
  • UL
  • Willis Towers Watson

STEM Designation

DePaul’s Master of Science in Applied Mathematics is a Department of Homeland Security STEM designated program. STEM designation is granted to programs that produce graduates educated in science, technology, engineering and/or math who help support U.S. economic competitiveness and growth. International students who earn degrees from STEM designated programs can qualify to extend their post-graduation stay in the United States for Optional Practical Training (OPT). OPT provides an opportunity for international students to develop their careers while also helping meet the demand for STEM-educated professionals in the U.S. workforce. For more information, please contact the office of International Student & Scholar Services.

Stipends and Tuition Waivers

A limited number of stipends and tuition waivers are available for incoming and currently enrolled students in the program. To be eligible, students must be taking two classes per quarter and must provide letters of recommendation from at least two instructors. For more information, contact the Applied Mathematics graduate program director Ilie Ugarcovici (

Additional Information

  • Concentrations

    ​Learn about the four areas of concentration for the Master's in Applied Mathematics.
  • Degree Requirements

    ​Learn about the degree requirements for the Master's in Applied Mathematics.
  • Admission Requirements

    ​Learn​ how to apply to the Master's program in Applied Mathematics.
  • Student Handbook

    ​​Learn about policies that govern the Master's in Applied Mathematics program.