QS Rank:

267

Rutgers University-New Brunswick

New Jersey
,United States

Program Name
Master of Science in Quantitative Finance

Deadline
December 15th, 2024
Overview

The Master of Science in Quantitative Finance at Rutgers University-New Brunswick is an esteemed program that offers a rigorous and comprehensive education tailored for those aspiring to excel in the dynamic field of finance. This program focuses on equipping students with advanced knowledge and practical skills in quantitative research methods, allowing them to navigate the complexities of financial markets and economic theories effectively. Over the course of 18 months, students engage in an intensive curriculum that emphasizes critical areas such as financial modeling, risk assessment, and econometrics, ensuring they are well-prepared for the challenges they will face in their careers. The curriculum is meticulously designed to include a blend of core courses and electives that address both theoretical foundations and practical applications. Students will delve into specialized courses such as Statistical Methods for Finance, Derivatives Pricing, and Time Series Analysis. These courses are complemented by hands-on projects and case studies, which foster an environment of active learning and real-world application. Moreover, the program incorporates the latest technologies and methodologies, allowing students to utilize leading financial analytics tools and software throughout their studies. At Rutgers, students learn from a distinguished faculty composed of experts in finance, quantitative analysis, and data science. The faculty members not only bring a wealth of academic knowledge but also substantial industry experience, allowing them to provide invaluable insights into contemporary financial practices and trends. Their teaching methodology emphasizes collaboration, encouraging students to engage in interactive discussions and group projects that simulate real-world financial scenarios. This approach cultivates a supportive learning environment where students can develop their analytical and decision-making skills effectively. Research opportunities are abundant within the program, with access to cutting-edge resources and laboratories. The Quantitative Finance program encourages students to participate in ongoing research projects and collaborate with faculty on innovative studies. This exposure to research not only deepens students' understanding of financial theories but also enhances their ability to apply these theories to solve practical problems in finance. Rutgers University-New Brunswick has a strong emphasis on interdisciplinary research, enabling students to explore diverse aspects of quantitative finance, including risk management, algorithmic trading, and behavioral finance. Moreover, the program boasts strong industry connections and internship opportunities that significantly enhance students' career prospects. Rutgers has established partnerships with leading financial institutions, providing students with exclusive access to internships and job placements. These experiences are vital for gaining practical insights and building professional networks within the finance sector. Additionally, the average base salary for graduates from this program is an impressive $110,000, underscoring the strong demand for skilled professionals in quantitative finance.
Students in the Master of Science in Quantitative Finance program at Rutgers benefit not only from a rich academic experience but also from a vibrant community of international and domestic students. The diverse student body enriches classroom discussions and fosters a global perspective on finance. The program’s acceptance rate of 67% reflects the high demand and competitive nature of the application process, ensuring that only the most dedicated and capable students join this esteemed program. Graduating with this degree not only enhances one's resume but also opens doors to numerous career pathways leading to roles such as Quantitative Researcher, Financial Analyst, and Chief Financial Officer. Why Study Quantitative Finance at Rutgers University?
- Strong Academic Reputation: The program is consistently ranked among the best globally, ensuring that students receive a top-tier education.
- Expert Faculty: Learn from leading experts with extensive industry experience, providing insights into practical applications of finance.
- Cutting-Edge Resources: Access to state-of-the-art laboratories and research facilities to support your learning and research endeavors.
- Networking Opportunities: Strong connections with industry professionals that facilitate internships and job placements.
- Diverse Learning Environment: A vibrant, multicultural student community that enriches your academic experience.
- High Employability Rate: Graduates enjoy excellent job prospects, with an average base salary of $110,000.
To be eligible for the Master of Science in Quantitative Finance, prospective students must meet certain criteria. A minimum GPA of 3.0 on a 4.0 scale is expected, along with the completion of at least 16 years of education, culminating in a bachelor’s degree. Additionally, non-native English speakers are required to take the TOEFL exam, with a minimum score of 90, or IELTS with a minimum score of 7.0. Essential application documents include transcripts, a resume, letters of recommendation (both academic and professional), an essay, and proof of previous academic performance.
In conclusion, the Master of Science in Quantitative Finance at Rutgers University-New Brunswick offers an unparalleled educational experience. With its robust curriculum, expert faculty, and strong industry connections, students are well-prepared to embark on successful careers in finance. This program not only equips students with the knowledge and skills required to excel but also fosters a community of innovative thinkers ready to tackle the financial challenges of tomorrow.

Total Tuition Fees
$45,000

Duration
18 Months

Median Salary
$1,10,000
Ranking
#55
US World and News Report
#267
QS World University Rankings

Intake
Spring ( Apr - June )
Class Profile

Class Size
25

Average Age
26

Average Work Experience
2 Years
Diversity
Others:
8%New York:
12%International:
4%New Jersey:
64%Pennsylvania:
6%Connecticut:
4%Career Outcomes

Median Earnings After Graduation
$1,10,000 / year

Graduation Rate
85%
Prospective Job Roles
Quantitative Researcher
China Finance Analyst
Financial Engineer
Financial Advisor
Financial Analyst
Quantitative Analyst
Chief Financial Officer
Financial Planner
Quantitative Risk Analyst
Financial Manager
Financial Controller
Top recruiters
















Eligibility Criteria

At least 3 / 4 undergraduate GPA is expected.

At least 16 years of bachelor degree.
English Proficiency Tests
TOEFL
90
IELTS
7
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.

Application Fee: 70
Transcript
Passport
Resume
IELTS
Academic LOR
Professional LOR
Academic LOR
Essay
Class 12 Marksheets
Class 8 Marksheets
Application Deadlines
Final Deadline | |
---|---|
Spring | Dec 15, 2024 |
Fees and Funding

Tuition Fees
$30,000 / year

Overall Cost
$45,000 / year
FAQs
Quantitative trader jobs tend to be the most competitive of the three types due to the fact that these positions are less abundant and require fewer technical skills. Quantitative traders and developers can find roles with only a Bachelor's degree, while quantitative researchers typically need a Master's or Ph. D
In its annual report on the “Best Financial Engineering Programs,” QuantNet ranked Rutgers Business School's Master of Quantitative Finance (MQF) Program No. 17 in the U.S.
Applicants must have completed at least one full year of calculus, upper-level probability and statistics, linear algebra, and differential equations. Applicants must have a high level of performance on the TOEFL/IELTS/PTE. Applicants must submit a complete application packet.
7
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