P.S.M. degree in Industrial and Applied Mathematics

The Professional Science Master’s degree in Industrial and Applied Mathematics is a career-oriented degree designed to meet the needs of working professionals and prepare individuals to demonstrate advanced knowledge of mathematics and statistical techniques for business and industry. 

Industrial and applied mathematics focus on topics, problems and questions in business environments and industry that require modeling, data analysis and computation skills. A successful industrial mathematician has strong analytical and problem-solving skills built upon a background in computing, mathematics, statistics and basic science. The curriculum will include a common core of 18 credits of coursework in advanced topics in mathematics, statistics, and, to an extent, computer science.  


Program Objectives

At program completion, graduates of the program will be able to:

  • Demonstrate advanced knowledge in mathematics, statistics, and scientific computing.
  • Apply advanced mathematics, statistics, and computer science skills to answer questions and solve problems in business and industry.
  • Analyze data and create mathematical and statistical models to answer questions and solve problems in business and industry.
  • Work as a member of an effective interdisciplinary team.
  • Use effective professional communications skills, such as effective writing skills and oral presentation skills, in scientific and non-scientific environments.

 

Curriculum

The program requires 35 graduate credits including: 

  • 18 credits of coursework in advanced topics in mathematics, statistics, and computer science
  • At least 9 credits in elective areas such as Cybersecurity, Data Mining and Cryptography
  • A 6 credit, two course industry-based project experience
  • 2 credits of specified business courses

The industry-based project experience will require students to work as part of a team to solve a problem from industry over a two-semester period. Students will need to understand the problem, design a solution plan based on research, carry out that plan, and present their solution in written and verbal form to the industry partner. 


Core Courses

  • Industrial Mathematics
  • Algebraic Structures
  • Advanced Linear Modeling 
  • Methods in Applied Mathematics
  • Scientific Computing
  • Multivariate Analysis

Entrance Requirements

To be admitted with full status to the program, you must:

  • Be interested in developing advanced technological solutions to industrial needs and problems
  • Hold a bachelor’s degree in mathematics
    or                                
    Hold a bachelor’s degree in science, engineering or finance/economic with advanced mathematics coursework
  • Have earned an undergraduate GPA of at least 3.0

 

Required Application Materials

Submit the following items:

  • Graduate School Application 
  • Transcripts

Collaborative Nature of the Program

The P.S.M. in Industrial and Applied Mathematics has been designed for on-campus delivery, but the opportunity to offer a few courses online opens up the possibility for collaboration with compatible P.S.M. programs nationwide. Opportunities exist to collaborate on projects with students from UW-Milwaukee.

Faculty will collaborate with the UW-Stout Discovery Center to manage student projects, interact with industry, and assess the quality of the projects. Students will have the opportunity to be involved in outreach activities to industry through the Discovery Center

USDLA Certification

USDLA-Quality Standards logo UW-Stout is proud to be the first university in Wisconsin to be certified for excellence in distance education practices.

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“The Professional Science Masters (PSM) degree is an innovative graduate degree, a response by higher education to address the need for highly skilled scientists and mathematicians who also have developed skills in business, technology transfer, regulatory affairs, information technology and/or communications. In today’s work world, this type of cross-training across academic disciplines is highly marketable and desired by employers." 

National Conference of State Legislatures