Master of Quantitative Finance

University of Waterloo

Waterloo, Ontario, Canada
Master of Quantitative Finance
Duration16 Months
LevelMasters Program
  • The program focuses on the fundamental disciplines of mathematics, statistics, econometrics, computer science, and finance
  • It provides the analytical tools to solve practical problems in the complex and rapidly evolving world of today’s financial industry
  • Students can complete this program with either the thesis option or Research paper option
  • Students will study courses like Foundations of Finance, Theory of Probability, Financial Econometrics and Computer Intensive Methods for Stochastic Models in Finance
Fees componentsAmount
Tuition & fees939141 INR
Hostel & Meals900224 INR
Insurance36723 INR
Incidental Fees111034 INR
Books and Supplies129915 INR
Personal Expenses266759 INR
Total1444655 INR

Entry Criteria

Class 12thNo specific cutoff mentioned
Bachelors80.0%
  • Applicants must have a four-year honours degree (or equivalent) in a quantitative discipline with at least an 80% average
  • Applicants must have strong analytical skills and ability to handle rigorous mathematical analysis and have completed the following courses:
    • Three undergraduate courses in calculus and one course in real analysis
    • Two undergraduate courses in algebra
    • Two introductory courses in statistics and probability plus two advanced courses
  • Programming skills: R, Matlab, and C++
  • General knowledge of financial markets and economics
  • Demonstrated interest in current developments in finance
  • Successful applicants have had backgrounds in quantitative fields such as actuarial science, computer science, economics, engineering, mathematics, physics, and statistics
ExamsTOEFL: 100
  • With minimum of writing: 26 and speaking: 26

IELTS: 7.5
  • With writing 7.0; & speaking 7.0

PTE: 68
  • With writing: 65 and speaking: 65

Additional info
  • Students are required to attend an entrance test conducted by the university:
    • More details will be provided to those applicants who are short-listed for the test.
    • This is a two-hour diagnostic online test with questions on a wide range of topics including mathematics, statistics, and finance as well as some others relating to the program such as computational skills and career goals.
    • The format of the test is a series of multiple-choice, short answer, and short essay questions involving some problem-solving. (We do not provide sample tests for study.)
  • Work or co-op experience is recommended
  • ELP waiver: If applicants have completed three or more years of post-secondary education, or completed a graduate degree at a university where English is listed as the only language of instruction on the International Association of Universities World Higher Education Database (WHED)
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