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QS Rank:

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115

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University of Waterloo

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Ontario

Canada

Based in the Department of Statistics and Actuarial Science, this program is built upon the Finance program established in 1995 by founding director, renowned researcher Phelim P. Boyle.

The Master of Quantitative Finance (MQF) program focuses on the fundamental disciplines of mathematics, statistics, econometrics, machine learning, 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.

Graduates from the Master of Quantitative Finance are equipped for positions with financial institutions, corporations and government regulatory organizations.

Careers include:

  • Financial Engineers in model vetting and risk compliance
  • Analysts in portfolio credit risk, market risk, investment banking and auditing
  • Asset Managers and Portfolio Managers
  • a range of positions requiring advanced skills in quantitative finance


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Total Tuition Fees

$37,840

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Duration

16 Months

Ranking

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#115

QS World University Rankings

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Intake

Fall ( Sept - Nov )

Class Profile

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Class Size

18

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Average Age

25

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Average Work Experience

2 Years

Diversity

Others:

10%

Quebec:

15%

Ontario:

45%

British Columbia:

10%

Alberta:

5%

Manitoba:

3%

Saskatchewan:

2%

Career Outcomes

As you work towards your degree, there are many things you need to consider – courses, thesis requirements, convocation deadlines and other dates. This section of the site includes all of the information you need to know to graduate. 


Your peers and your professors are looking at new areas and ideas all the time. Keep up with what’s going on by attending research seminars. Your department or school, your faculty and the university are involved in many interesting projects and events. Want to know more about opportunities to connect with others on campus or in the city? Thinking about increasing your physical activity?

Master of Quantitative Finance (MQF) students have access to various resources specifically focused on their needs on the Waterloo LEARN website. Once enrolled in the program you will have access to the MQF section.

For more information click here

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Job Placement

100%

Prospective Job Roles

IT Risk Analyst

Credit Risk Analyst

Market Risk Analyst

Financial Analyst

Real Estate Financial Analyst

Risk Analyst

Quantitative Risk Analyst

Financial Risk Analyst

Chartered Financial Analyst (CFA)

Certified Financial Analyst (CFA)

Top recruiters

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Eligibility Criteria

English Proficiency Tests

  • IELTS

    7.5

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  • TOEFL

    100

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  • PTE

    68

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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: 125

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    Transcript

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    GRE

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    GMAT

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    TOEFL

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    IELTS

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    PTE

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    Academic LOR

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    Academic LOR

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    Interview

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    Curriculum Vitae

Application Deadlines

Standard DeadlineFinal Deadline
FallDec 15, 2024Jan 15, 2025

Fees and Funding

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Tuition Fees

$37,840 / year

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Overall Cost

$67,840 / year

Funding Options

Department Funding

The Master of Quantitative Finance (MQF) program research paper option has three academic terms (full time) and one term for an internship. Students begin the program in September and complete the program in December of the following year. The regular schedule is 16 months long.

The thesis option normally requires three to five academic terms to complete. The time required depends upon the research progress of the individual student. 

Scholarships

The program does not provide financial support to students.

Other potential sources of financial support available to graduate students are:

  • Natural Sciences and Engineering Research Council of Canada (NSERC) postgraduate scholarships
  • Limited research assistantships on an ad hoc basis.
  • Domestic, thesis students may be eligible for the Math Domestic Graduate Student Award (Math DGSA)
  • Ontario Student Assistance Program (OSAP)

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