WorldQuant University: Completely Tuition Free

MSC Financial Engineering

Financial Engineering, at its core, is the study of applying math, statistics, computer science, economic theory, and (any) other quantitative methods to analyzing and modelling markets. For this reason, many financial engineers come from quantitative fields like engineering, statistics, computer science, math, economics and more. These fields are comfortable with building models and have strong backgrounds in math, statistics, and sometimes programming. Ultimately, Financial Engineers work at the intersection of Data Science and Finance. Most Financial Engineering programs at universities in the United States require entrants to be proficient (or at least have some exposure) in Matrix Theory/Linear Algebra, Probability and Statistics, Calculus, and Programming. Financial Engineers use these tools to model markets and drive decision making. They are mostly seen in institutions where understanding risk and analyzing data to drive policy and decision making is the name of the game, i.e. banks, insurance companies, hedge funds, and governments.

 

This field is on the rise as financial innovation across the globe drives demand for analytics and data science training.

From evaluating statistics to econometric modeling, our educators teach advanced skills that can be used in the majority of industries. Graduates are prepared for sought-after positions in securities, banking, and financial management, and can also apply their skills at general manufacturing and service firms as quantitative analysts.

Requirements

  • Government-Issued Photo ID (e.g. national ID card, passport, or driver’s license)
  • Official transcripts from highest college/university degree earned* (Bachelor’s degree required)
  • Proof of English proficiency (Duolingo English Test, TOEFL, IELTS, or PTE scores)**
  • Passing score (75% or above) on Quantitative Proficiency Test
  • Completed online application with all required documents

As part of your application, you may submit a scanned copy of your transcript for the highest college or university degree you have earned. Upon acceptance into the Program, you are required to submit official transcripts, which are sent directly from your former college or university to WQU via postal mail or email. Official transcripts that are not in English will need to be evaluated by a member of NACES and submitted to the University for review. Please refer to the policy in the University Catalog.

The Duolingo English Test, The Test of English as a Foreign Language (TOEFL), the International English Language Testing System (IELTS), or the Pearson Test of English (PTE) is required of applicants whose native language is not English. The only exception is for applicants who have earned a degree at an institution where the language of instruction is English.

 

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