The University of Massachusetts Amherst, based in Amherst, MA offers a fully funded Master’s in Applied Mathematics. This is a two-year professional degree program designed to prepare students in the mathematical sciences for a career in contemporary industry or business. Most graduate students are supported by Teaching Assistantships which provide a waiver of tuition and a 9-month stipend. Health fees are mostly subsidized. Summer teaching opportunities are also often available. New Teaching Assistants in M.S. programs will normally receive a stipend of at least $17,288 and somewhat reduced duties.