Fiscal mathematicians solve financial problems.

Fiscal mathematics is the applied mathematics field concerned with mathematical modeling of financial markets. It draws on tools from probability, statistics, stochastic processes and economic theory. Investment banks, commercial banks, hedge funds, insurance companies, corporate treasuries and regulatory agencies apply the methods of fiscal mathematics to such problems as derivative securities valuation, portfolio structuring, risk management and scenario simulation. Industries like energy and manufacturing that rely on commodities also use fiscal mathematics. Quantitative analysis has brought efficiency and rigor to financial markets and to the investment process and is becoming increasingly important in regulatory concerns.

2+3 BS/MA Dual Degree Program

The Bachelor of Science in Mathematics is also offered in the 2+3 program format. This unique 2+3 dual degree program provides a pathway for students to earn both a bachelor’s and a master’s degree in Mathematics with fewer total credit hours than would be required to complete each degree independently. Once all requirements have been met, students will be awarded both a BS and an MA and are able to enter the job market with a competitive edge.


Program type:

Major, BS



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Bachelor of Science in Mathematics -

Fiscal Mathematics Emphasis

The Bachelor of Science in Mathematics with an Emphasis in Fiscal Mathematics provides a sufficient background in mathematics, statistics and computer science, to produce graduates who can work in areas requiring applied mathematical techniques and tools. This degree is structured to allow additional optional courses that enable the student to focus on a variety of further areas of interest.  


Outcomes and Career Outlook

Upon completion of the BS in Mathematics with an Emphasis in Fiscal Mathematics, graduates will be able to write clear, logically consistent proofs; read, understand and assess the veracity of logical arguments or mathematical proofs; reformulate problems or questions in relevant mathematical terms; solve problems which involve analysis, algebra or linear algebra, elementary number theory; interpret, formulate and solve applied problems in probability and statistics; interpret, formulate and solve applied problems in mathematics relating to annuities, bonds and derivative investments.

Opportunities in this field are expected to grow well into the future, with the U.S. Bureau of Labor Statistics and Occupational Information Network reporting that the demand for math skills will drive a 27% rise in employment in the field through 2029 and an average base salary of $93,170.


Median annual salary


Employment growth by 2029

Career Opportunities

  • Accountant
  • Actuary
  • Computer Systems Analyst
  • Data Scientist
  • Financial Analyst
  • Market Research Analyst
  • Math Teacher
  • Mathematician
  • Statistician


Plan of study

All majors must meet the general education requirements of the university in addition to completing degree-specific curriculum requirements.

Review Full Degree Requirements Review Sample Four-Year Plan

Non-Missouri Residents: Prospective students are responsible for reviewing the NC-SARA state authorizations page to see if this program is offered in their state throughout their program and to review the licensure or certification requirements for the state in which they reside.

Student organizations

Make new friends and learn new skills by joining one of our Recognized Student Organizations. Here are several opportunities you may be interested in as a fiscal mathematics major:

Honors College

The UMSL Honors College is a certificate program that can be paired with any major without adding extra classes or extending time to graduate. Classes in the Honors College are seminar-style, meaning that they are based in reading, writing, discussion, and critical thinking. This unique class format fosters an intellectual climate centered around democracy, diversity, civility and academic excellence.

Undergraduate research

We encourage and support students as they engage in exciting activities in and outside of the classroom that enrich their academic and professional understanding of their chosen area of study. All majors are encouraged to participate in Undergraduate Research and Scholarship to produce discipline-specific intellectual or creative innovations to their field.