Your application and all required supporting documents are submitted online. You can find more information about the application process here.
Traditionally, individuals with graduate degrees in Financial Engineering have worked in roles in the financial industry including:
- Portfolio Manager: These individuals help companies and traders optimally allocate capital among different investment strategies developed by investment managers.
- Trading Strategist: In this role, individuals create the models, software and strategies that drive trading at their organization.
- Risk Manager: Risk managers review strategies created by the trading strategist and develop risk management policies to comply with regulation.
With more and more businesses becoming increasingly data-driven, greater opportunities exist outside of traditional finance that lend themselves to the skills financial engineers have. Some of these fields include:
- Research: Whether through an academic institution or a technology company, more data in the world means we need more tools and products to make sense of it.
- Supply Chain: Assembly lines, and the supply chains that they connect to, create a wealth of data that needs to be modeled to keep distribution running smoothly.
- Healthcare: From genomics to drug discovery, healthcare is increasingly requiring individuals with machine learning experience to improve diagnosis and expedite discoveries.
- Agriculture: Feeding the growing population of the world will require data-driven financial planning, and the development of industry-specific financial products like crop insurance, and other risk management tools.
For more information, check out the full Guide to Financial Engineering on the WQU blog.
As part of our mission to bridge the gap between global talent and high quality educational opportunities, all programs at WQU are entirely free.
Applicants are are interested in enrolling in our MSc in Financial Engineering program who have not graduated from an institution where English is the language of instruction are required to submit English proficiency test scores and are responsible to cover the fees associated with these tests. WQU accepts the Duolingo English Test, TOEFL, IELTS, and PTE.
Upon acceptance into the Program, all students are required to submit official transcripts for their highest previously earned college or university degree. The potential cost of obtaining official transcripts is the only other fee students are expected to cover.
Financial Engineering is a field where mathematical techniques are used to solve financial problems. It is an interdisciplinary specialty that leverages skills and tools from computer science, statistics, economics, and applied mathematics, enabling practitioners to address financial challenges and opportunities, and in some cases, develop new products and services. As more businesses and organizations become data-driven, there are growing opportunities for financial engineers outside of the financial industry, including healthcare, the supply chain, agriculture, and more.
For a more detailed breakdown of how this field emerged, what it takes to become a financial engineer, and what kinds of jobs financial engineering graduates pursue, head over to the WQU blog and check out the Guide to Financial Engineering.
No. Our course materials draw from a variety of open-access / open-source datasets, such as the Alpha Vantage Stock API. In other words, you just need to show up and start learning, with no data needed.
WorldQuant University is accredited in the United States and must follow US State Department regulations regarding sanctioned nations and regions. At this time we are not able to offer our programs to nationals of the following countries/regions: Crimean Peninsula, Cuba, Iran, North Korea, and Syria.
As a not-for-profit, free of cost online university with students across many different time zones, WQU has limited resources. As such, we are currently unable to take incoming phone calls. Rather, all incoming calls are directed to a voicemail where you will have the opportunity to leave us a voice message. If you would like to leave us a voice message, please call +1 202-556-3402 and provide your name and email address so we can get back to you as quickly as possible.
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WorldQuant University
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Igor Tulchinsky, the founder and CEO of WorldQuant, LLC, established the WorldQuant Foundation, which sponsors WorldQuant University.