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QS Rank:

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114

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Georgia Institute of Technology

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Georgia

United States

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Program Rank

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15

The Master of Science in Quantitative and Computational Finance (QCF) at the Georgia Institute of Technology is an innovative program designed to equip students with the essential skills required to excel in the dynamic field of finance. This multidisciplinary program operates at the intersection of technology, mathematics, and finance, preparing graduates to navigate the complexities associated with financial markets. With a comprehensive curriculum that integrates theoretical knowledge with practical applications, students are groomed to become leaders in formulating, implementing, and evaluating financial models that drive successful decision-making in the industry.


The QCF program is meticulously crafted, featuring a blend of rigorous coursework in programming, mathematical modeling, and quantitative analysis. Spanning 18 months, students will delve into diverse subjects such as advanced financial theory, algorithmic trading, and risk management. The program includes 12 core courses, each designed to build proficiency in a variety of programming languages and sophisticated mathematical techniques. This academic rigor ensures that graduates are well-prepared to tackle real-world challenges, making them highly sought after by employers in the finance sector.


One of the hallmarks of the QCF program is its emphasis on project-based learning. Students engage in hands-on experiences that mirror actual workplace challenges, utilizing real market data to apply their integrated skills in finance, programming, and modeling. This practical approach not only enhances learning but also instills confidence in students as they prepare for their future careers. Furthermore, the Georgia Tech community fosters collaborative learning, encouraging students to work closely with peers and faculty to innovate and problem-solve.


The faculty involved in the QCF program bring a wealth of expertise and industry experience, ensuring that students are learning from leading professionals in the field. Faculty members often engage in cutting-edge research, which enriches the curriculum and provides students with insights into the latest trends and technologies shaping the financial landscape. Through regular seminars, workshops, and guest lectures, students are exposed to a variety of viewpoints and case studies from industry leaders, further strengthening their educational experience.


In an ever-evolving financial environment, the QCF program at Georgia Tech is responsive to the changing needs of the industry. As regulatory frameworks and technological advancements continuously reshape financial markets, the curriculum adapts to prepare students for the future job market. Students benefit from a robust career services program dedicated to personalizing each student’s career search experience, providing support in identifying target companies and preparing for interviews.


In addition to a rigorous academic experience, the Georgia Institute of Technology offers extensive resources and networking opportunities for students. The program boasts a strong alumni network, which is invaluable for current students as they seek internships and job placements. With a job placement rate of 96% and a median base salary of $110,000, graduates of the program have secured positions in prestigious firms across various sectors, including finance, technology, and consulting.


Alumni of the QCF program have gone on to achieve remarkable success, often stepping into critical roles such as Financial Analysts, IT Risk Analysts, and Market Risk Analysts. They frequently share their experiences, highlighting how the comprehensive training they received at Georgia Tech has propelled their careers. Their testimonials not only validate the program's effectiveness but also inspire current students as they embark on their professional journeys.


As a distinctive facet of the QCF program, Georgia Tech emphasizes the importance of interdisciplinary education. By drawing from the strengths of the Scheller College of Business, the Stewart School of Industrial & Systems Engineering, and the School of Mathematics, the program provides a unique educational experience that transcends traditional finance education. This collaboration results in a holistic approach that prepares students to tackle the multifaceted challenges faced in the financial sector.


Why Study Master’s in Quantitative and Computational Finance at Georgia Institute of Technology

  • Integrated Curriculum: The program features a well-rounded curriculum that combines finance, engineering, and mathematics, ensuring a comprehensive educational experience.
  • Industry Connections: Georgia Tech maintains strong links with leading firms in finance, offering extensive internship and networking opportunities for students.
  • Expert Faculty: Learn from accomplished faculty members who are not only educators but also active researchers and industry leaders.
  • Career Success: With a 96% job placement rate post-graduation and an average base salary of $110,000, students are well-prepared for successful careers in finance.
  • Research Opportunities: Engage in cutting-edge research projects that push the boundaries of finance and technology, enhancing your learning experience.
  • Alumni Network: Connect with a vast network of successful alumni who are eager to support and mentor current students throughout their career journeys.

In terms of admissions, candidates are expected to meet specific prerequisites, including a minimum GPA of 3.0 on a 4.0 scale. A bachelor's degree is required, alongside standardized test scores such as the GRE or TOEFL/IELTS for international applicants. The application also requires transcripts, letters of recommendation, a resume, and a statement of purpose. The application deadline for the program is December 31, 2024, with selective acceptance rates reflecting the program's esteemed standing.


In summary, the Master's program in Quantitative and Computational Finance at the Georgia Institute of Technology is a powerhouse of academic and professional development. Its rigorous curriculum, combined with extensive industry connections and a strong alumni network, positions graduates to thrive in one of the most competitive sectors in the job market today.

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Total Tuition Fees

$60,000

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Duration

18 Months

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Median Salary

$1,10,000

Ranking

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#44

US World and News Report

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#38

The World University Rankings

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#114

QS World University Rankings

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Intake

Fall ( Sept - Nov )

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Intake

Spring ( Apr - June )

Class Profile

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Class Size

25

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Average Age

25

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Average Work Experience

2 Years

Diversity

Others:

1%

Two or more races:

3%

White:

49%

Hispanic or Latino:

10%

Black or African American:

10%

Asian:

27%

Career Outcomes

Our approach to Career Services is to work one-on-one with each student to develop a career-search strategy, identify target companies, and prepare students for the interview process. Students benefit from a very strong alumni network and extensive corporate outreach efforts and become part of a greater community invested in each student's professional success.


GT MS QCF students are hired because:

  • The degree is rigorous: the QCF program’s 12 courses demand that students develop proficiency in multiple programming languages and sophisticated mathematical modeling techniques to be used as tools in the navigation of the practical and theoretical aspects of the finance industry
  • Project based experience prepares students to solve real workplace problems using market data and requiring integrated modeling, programming and financial skillsets
  • Our program is responsive to industry needs: as regulation and innovation change the landscape of financial markets, MS QCF trains students for tomorrow’s job market
  • ReputationRankings that the combination of rigor and reward the program emphasizes produces employees who are good at what they do – problem solvers, innovators, and communicators. Thirteen years of recruiting relationships and alumni network building has built a program which augment’s Georgia Tech’s already outstanding reputation for excellence.
  • As one of the only top-ranked MS Financial Engineering program in the southeast, MS QCF continues to lead in multidisciplinary preparation for financial engineering careers. This structure draws from the academic rigor and professional focus which distinguishes Georgia Tech.


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Median Earnings After Graduation

$1,10,000 / year

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Graduation Rate

90%

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Job Placement

96%

Prospective Job Roles

Financial Analyst

Financial Risk Manager

IT Risk Analyst

Market Risk Analyst

Financial Advisor

Accountant

Auditor

Risk Analyst

Financial Risk Analyst

Cost Accountant

Cost Analyst

Financial Manager

Top recruiters

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Eligibility Criteria

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At least 3 / 4 undergraduate GPA is expected.

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At least 16 years of bachelor degree.

English Proficiency Tests

  • IELTS

    7

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  • TOEFL

    95

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Application Requirements

Here's everything you need to know to ensure a complete and competitive application—covering the key documents and criteria for a successful submission.

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Application Fee: 105

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    Transcript

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    IELTS

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    GRE

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    Academic LOR

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    Professional LOR

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    Academic LOR

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    Resume

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    Statement of Purpose

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    Class 12 Marksheets

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    Class 10 Marksheets

Application Deadlines

Priority 1Early Action 1Secondary DeadlineFinal Deadline
SpringSep 1, 2024N/AN/AN/A
FallN/AOct 15, 2024Dec 31, 2024Mar 15, 2025

Fees and Funding

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Tuition Fees

$40,000 / year

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Overall Cost

$55,000 / year

Funding Options

Department Funding

Scholarships

Academic excellence, financial need, and major of study are the primary criteria used for selecting recipients. Students awarded scholarships will typically be expected to maintain a cumulative as well as a semester GPA of 3.0.

FAQs

  • The financial marketplace is large and varied. QCF graduates work in many financial industries including (but not limited to) asset management, hedge funds, investment and commercial banks, trading firms, financial technology, private equity, government and more. The “quant” or “financial engineering” job functions within these industries include (but are not limited to) risk management, investment banking, derivative trading, model building and validation, equity and quantitative research, quantitative analysis, sales & trading, project management, portfolio/asset/wealth management and various forms of technical consulting.

  • No. While experience in the workplace is valuable in any professional degree, and considered in your applicant profile, it is not required for admission into the program. For personal success, internship experience in a relevant field is encouraged for anyone considering the QCF program.

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