Industrial Mathematics


Industrial Mathematics is a branch of mathematics that is concerned with developing mathematical methods and applying them to engineering, science, society, and industry. This program is aimed at developing multidisciplinary students who have up-to-date knowledge in their fields, but who also understand the linkage between mathematics and business. This program puts an emphasis on mathematical modeling, computational techniques, and statistical reasoning. Students will develop skills in abstraction, analysis of structure and logical thinking. They will also develop expertise in formulating and solving problems. This concentration provides the knowledge of modeling and numerical techniques fundamental to pursuing a career in industry. Students in this concentration will also study quantative finance, analytics, as well as risk management.

Employment Opportunities

Opportunities include systems engineer, analyst, research associate, technical consultant, and scientific programmer. Employment areas include federal and state governments, insurance companies, financial industry, as well as banks, automotives, aeronautics, and industrial companies. 

Admissions Requirements

It is strongly recommended that the prospective student complete, by the date of enrollment in the graduate program, a Bachelor’s degree with a major in mathematics or a related field with a GPA greater than 3.0. The department requires transcripts of all undergraduate work, and two letters of recommendation. Applicants for the industrial applied mathematics concentration must submit a statement indicating that they are proficient in at least one of the following programming languages: Fortran, C, C++, or an equivalent. Students concerned about their preparation should contact the concentration coordinator.

Course Descriptions

Program Requirements

For the Master of Business & Science (MBS) degree, students take 24 credits in the sciences and 19 credits in business. In addition, students must attend 12 colloquium events to qualify for graduation. The business requirements include courses in finance & accounting, marketing, communication & leadership, capstone, ethics and electives. The business curriculum is listed here. The science courses for the Industrial Mathematics concentration are given below.

I.  Business Courses

A total of 19 credits are required in the business curriculum. Six courses are required - all but one of the courses are for 3 credits each. Descriptions of the required Business Courses can be found here:

Principles of Communication and Professional Development (16:137:502) (3cr)

Principles of Accounting and Finance for Science and Technology (16:137:530) (3cr)

Market Assessment and Analysis for Business and Science - Life Sciences (16:137:507) (3cr)

Ethics in Science and Technology Management (16:137:500) (1cr)

Science and Technology Management Capstone (16:137:600) (3cr)

and 2 business electives - 6 credits (e.g., project management, supply chain, Intellectual property, etc.)

II.  Science Courses

The Industrial Mathematics concentration consists of 6 required core courses and 2 electives.

Core Courses:

56:645:556  Visualizing Mathematics by Computer (3)
56:645:560 Industrial Mathematics (3) (Spring)
56:645:562 Mathematical Modeling  (3) 
56:645:563 Statistical Reasoning 
OR 56:645:565 Statistical Modeling (3)
56:645:571 Computational Mathematics I (3)
56:645:572 Computational Mathematics II (3)

Concentration Coordinators

Dr. Haydee Herrera

Dr. Joseph Gerver

The MBS (Master of Business & Science) is a Professional Science Master's Degree combining graduate  science courses (MS level) in a particular concentration with courses in business. 

-- Unsure if you’re a good fit? Attend one of our online or in-person information sessions or set up an appointment with an advisor.