Our entire application is online and easy to follow.
Requirements
- Passing score (75% or above) on Quantitative Proficiency Test
- 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, etc.)**
- 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.
| Test | Type | Cost | Minimum Passing Score |
|---|---|---|---|
| Duolingo English Test | Online | $49 USD | 100 |
| TOEFL iBT | Online | $180-$325 USD* | 71 |
| IELTS | Test Center | $215-$310 USD* | 6.5 |
| PTE Academic | Test Center | $165-$275 USD* | 50 |
| 4-Skill Michigan English Test (MET) | Online | $150 USD* | 55 |
| Michigan Examination for the Certificate of Competency in English (ECCE) | Test Center | $180 USD* | 650 (LP) |
| Michigan Examination for the Certificate of Proficiency in English (ECPE) | Test Center | $220 USD* | 650 (LP) |
*Price may vary by country
Financial Engineering is a multidisciplinary field that combines financial theory, mathematics applications, engineering methods, and programming practices — making the field a good fit for students from a range of backgrounds.
We’ve found that students with undergraduate experience in mathematics and programming have the best rates of success in the Program, but we encourage those qualified, interested, and committed, to apply.
The skills listed below are not required, but are a good indicator that you are a good fit for the Program:
- Bachelor’s degree (or equivalent 4-year degree) in a technical discipline such as physics, mathematics, computer science, engineering, or economics
- Experience with analyzing datasets
- Knowledge of linear algebra, probability, and statistics
- Thorough knowledge of Python programming
- Experience in other programming languages such as R, C++, Java, etc.
- Experience with Discrete Optimization
- Relevant work experience in financial management, banking, quantitative trading, algorithmic trading, data analytics, etc.
The Application Process
Review the admission requirements and make sure you’re aware of deadlines
While every effort is made to accommodate students, submitting an application by the deadline does not guarantee acceptance or a seat in the desired course session.
2023 MSCFE START DATES
| Start Date | Application Deadline |
|---|---|
| January 10 | January 4 |
| April 4 | March 28 |
| July 4 | June 27 |
| October 3 | September 26 |
Admission to the Master of Science in Financial Engineering Program is available to all qualified applicants who meet the above requirements.
Create an account
Begin the application by clicking Start a New Application, and filling out the requested information in the form to create an account.
Take the Quantitative Proficiency Test
Once you have created your account, you'll be prompted to take the Quantitative Proficiency Test to determine your mathematical and statistical proficiency as well as basic Python knowledge. It may take up to two hours and must be completed in one sitting, so make sure you have enough time before you begin. To be eligible for admission, you must earn a minimum passing score of 75%. Check out our FAQ to learn how to prepare for the test.
If you fail the first attempt, you may retake the test after a minimum cooling off period of seven (7) days. Those who fail the Quantitative Proficiency Test a second time are deemed ineligible for admission.
Gather and upload your required documents
Upon successful completion of the Quantitative Proficiency Test you'll be required to complete your profile with additional information and upload your documents.
Here is the complete list of all the documents needed to complete your application:
- 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)**
Admission decisions can only be made once all the required documents are received. Before submitting, please double check all parts of your application to make sure you have uploaded all of the required documents and that they are true and accurate. You will not be able to make any changes after submission (unless you need to update your contact information).
Nondiscrimination Policy
WorldQuant University does not discriminate against any person on the basis of age, ancestry, color, ethnic group identification, national origin, religion, race, gender or sex, sexual orientation, physical or mental disability, veteran status, or on the basis of these perceived characteristics, or based on association with a person or group with one or more of these actual or perceived characteristics.
Disabilities
WorldQuant University is committed to compliance with the Americans with Disabilities Act (ADA) of 1990, as amended, and Section 504 of the Rehabilitation Act of 1973, as amended.
Students requiring learning accommodations resulting from disability or injury should contact adaofficer@wqu.edu. WQU provides accommodations based on medical or professional documentation submitted by the student. It is the student’s responsibility to self-identify to the institution prior to the start of class.