Master of Science [M.S] [Applied Mathematics] From DePaul University

DePaul University Master of Science (M.S.) Applied Mathematics is a rigorous two-year program spanning 48 credit hours. The degree combines flexible quarterly intakes with on-campus evening classes at Chicago’s Lincoln Park campus, plus an online format. International students need a bachelor’s degree, prerequisite coursework in calculus, linear algebra, statistics, and programming, plus English proficiency scores. Total tuition of USD 42,528 (INR 40.53 Lakhs) positions this program competitively for Indian applicants seeking STEM careers in data science, finance, or actuarial roles.

The program trains graduates for quantitative careers in insurance, financial services, healthcare analytics, and technology. What distinguishes this degree: five specialization tracks (Computational Mathematics, Optimization, Financial Mathematics, Mathematical Analysis, Actuarial Science), no GMAT requirement, and a 91% placement rate within six months. Ideal applicants are problem-solvers with solid mathematical foundations seeking flexible, industry-aligned education in the United States Midwest.

• STEM-designated for maximum post-study work eligibility and flexible quarterly enrollment windows.
• No standardized test (GMAT/GRE) required; conditional admission available for missing prerequisites.
• Median salary of USD 81,728 for Applied Math master’s graduates with direct roles in data science and finance.

Also Check: DePaul University Master of Science Applied Mathematics Admission

DePaul University MS Applied Mathematics Fees and Living Costs 2026

Total tuition for the 48-credit program is USD 42,528 (INR 40.53 Lakhs). Living expenses in Chicago add USD 40,800 to USD 52,080 over two years. Combined cost-of-attendance sits at approximately USD 83,000 to USD 95,000 (INR 79.1 Lakhs to INR 90.5 Lakhs).

Source: DePaul University Graduate Tuition and Aid, 2026.

• Tuition charged per credit hour; full-time status (12 credits/quarter) spans four quarters annually.
• Technology and health insurance fees apply to all enrolled students; costs subject to annual increases (typically 3-5% annually).
• Graduate assistantships and scholarships may offset USD 5,000 to USD 12,000 annually for qualified applicants.

All INR conversions in the article use a conversion rate of USD 1 = INR 95.26 as of June 2026. Rates fluctuate daily, verify before applying.

Cost of Living in Chicago for Applied Mathematics Students

Chicago’s Lincoln Park neighborhood, home to DePaul’s main campus, offers diverse housing and living costs suitable for graduate budgets.

Cost Reality: Chicago’s living costs are 20-30% lower than coastal US cities; student-friendly neighborhoods near campus offer furnished apartments within the ranges above.

Read More: Cost of Living in USA for Indian Students

DePaul University MS Applied Mathematics Admission 2026

DePaul operates on a quarterly system with four intake windows annually. Bachelor’s degree from any discipline is acceptable; prerequisite coursework can be completed at DePaul if missing. Minimum cumulative GPA of 2.70 is required; no GMAT or GRE.

Source: DePaul Graduate Admissions, 2026.

Academic Eligibility for Applied Mathematics

Required prerequisites are single-variable calculus (one year), multivariable calculus, linear algebra, statistics, and one programming language (C++, Python, or Java). Applicants missing prerequisites may enroll conditionally and complete them as undergraduate non-degree students at DePaul before or concurrent with graduate coursework.

English Language Proficiency for International Students

International applicants must demonstrate English proficiency via standardized test. DePaul accepts all major exams; choose based on availability and comfort level in your region.

• TOEFL iBT: minimum 80 overall with no section below 17; accepted from test dates before January 20, 2028.
• IELTS Academic: minimum 6.5 overall band; valid for two years from test date.
• Duolingo English Test: minimum 115; results available within 48 hours; lower cost alternative.
• Pearson Test of English (PTE): minimum 53; valid two years; strong for time-pressed applicants.

Tip for Indian Students: Most Indian applicants use IELTS or Duolingo; IELTS preparation is widely available, while Duolingo suits self-study learners. TOEFL requires specific center access. Plan 8-12 weeks for test prep and score delivery.

DePaul is ranked #169 in US News National Universities 2025, with AACSB accreditation for its business and analytical programs.

DePaul University MS Applied Mathematics Application 2026

Submit applications online via the DePaul graduate portal. Required documents: bachelor’s degree official transcript, personal statement (optional but encouraged; 200-300 words on career goals), and English proficiency test scores. Graduate transcripts must arrive directly from your issuing institution.

• Rolling admissions: early applications reviewed first; delays may reduce scholarship competitiveness.
• Decision timeline: expect admission decision within 2-4 weeks of complete application receipt.
• Conditional admission available if prerequisites are incomplete at time of application.

Application Tip: Indian applicants should submit by mid-May for Fall intake to allow time for visa processing and F-1 paperwork. Request official transcripts at least 4 weeks before the deadline.

Read More: Complete DePaul Admission Guide for International Students

DePaul University MS Applied Mathematics Scholarships 2026

DePaul offers merit-based awards, graduate assistantships, and the Graduate Presidential Scholarship (for select programmes including Applied Mathematics). Combined aid can reduce tuition by 15-28% for competitive applicants.

• Presidential Scholarship targets international students with strong academic records; distributed quarterly.
• Assistantships require on-campus work; part-time status helps balance coursework and responsibilities.
• Merit awards issued with admission; stronger credentials result in higher tuition offsets.

Scholarship Reality: Applied Math graduates with 3.5+ GPA and strong prerequisites typically qualify for USD 10,000+ in first-year aid. Total cost can be reduced to approximately USD 33,000–USD 38,000 (INR 31.5 Lakhs–INR 36.2 Lakhs) annually for top applicants.

Check Out: Complete Scholarship Database for DePaul University

DePaul University MS Applied Mathematics Salary 2026

Graduates of DePaul’s Applied Mathematics program earn USD 81,728 median salary across all sectors. Early career salaries (first 3 years) average USD 78,971. Top-earning sectors—data science, actuarial work, quantitative finance—report starting salaries of USD 85,000 to USD 125,000.

Source: DePaul Career Outcomes Report 2024-2026, PayScale, US Bureau of Labor Statistics.

• Gross salaries shown; take-home varies by state income tax (Illinois: 4.95%) and federal withholding (12-22% marginal rate).
• After taxes and living expenses, typical net savings for single student: USD 30,000-USD 45,000 annually (INR 28.6 Lakhs–INR 42.9 Lakhs).
• Actuarial and data science roles offer fastest advancement; certification (ASA/FSA for actuaries, AWS for data scientists) unlocks USD 150,000+ salaries within 5-7 years.

ROI Reality: Total program cost of USD 83,000-USD 95,000 is recovered within 1.2 to 1.5 years of employment. Five-year cumulative earnings exceed USD 450,000 (INR 4.29 Crore), net of all education costs.

Read More: Post-Study Work Visa Options and Salary Outcomes

USA Visa and Work Rights for Applied Mathematics Students

International students enroll on an F-1 Student Visa, which permits full-time study at DePaul. Post-graduation, the Optional Practical Training (OPT) permit allows work in the United States for up to 36 months. Applied Mathematics graduates qualify for the full 24-month STEM extension due to the degree’s STEM designation.

• F-1 visa grants immediate work rights: on-campus employment (up to 20 hours weekly during terms) and Curricular Practical Training (CPT) for internships.
• Optional Practical Training (OPT) begins after graduation: 12 months base + 24 months STEM extension = 36 months total work authorization.
• H-1B visa eligibility: After OPT, graduates can transition to H-1B sponsorship; applied mathematicians are in-demand for STEM worker pools.
• Green Card (Permanent Residency) possible within 5-7 years via employer sponsorship; finance, tech, and healthcare sectors actively sponsor quantitative talent.

Visa Reality: Most DePaul Applied Math graduates secure full-time employment offers before OPT ends; H-1B sponsorship is standard in data science and finance roles. Plan for optional return to India between OPT and H-1B cap season (April-June annually).

Also Check: Complete F-1 Student Visa and OPT Work Rights Guide