UNIVERSITY OF MARYLAND, COLLEGE PARK · UNITED STATES
Master of Quantitative Finance
Master's · Taught in en
At a glance
18 mo
Duration
7.0
IELTS
—
Tuition / yr
en
Language
Master's
Level
- 3-4Semesters
- 36Credits
- STEM EligibleProgram Designation
- $90KMedian Starting Salary
- Manage a portion of the university’s endowmentExperiential Learning
- Access to Bloomberg, CRSP, and Mergent dataCutting-Edge Technology
The Master of Quantitative Finance (MQF) program at the University of Maryland's Robert H. Smith School of Business is a full-time, in-person program designed to prepare students for careers in the evolving financial services industry. It combines foundational knowledge of financial markets with rigorous coding and quantitative skills, including AI and machine learning. The program emphasizes developing students' abilities in mathematics, coding, and other quantitative areas to become methodical problem solvers. Graduates are equipped to address complex financial challenges, manage risk, and develop innovative strategies in fields such as portfolio management, algorithmic trading, and financial engineering.
Careers
The Master's in Quantitative Finance program prepares graduates for highly quantitative roles within financial institutions. The program emphasizes advanced coding skills, mathematical expertise, and financial engineering knowledge to develop frameworks for high-stakes trades and investments. Graduates can pursue diverse career paths in the financial sector.
- Capital Markets Analyst
- Equity Quantitative Researcher
- FX Quantitative Researcher
- Investment Banking Risk Analyst
- Quantitative Analytics Associate
- Quantitative Trader
Frequently asked questions
- What are the English language proficiency requirements for international applicants?
- International applicants must provide official scores from an accepted English proficiency test. For the Duolingo English Test (DET), a score of 120 is required. For IELTS, a minimum score of 7.0 is needed. Scores must be less than two years old and reported using code 5814 for UMD.
- What are the tuition fees for the Master of Quantitative Finance program?
- The program has a special tuition rate that does not differ between residents and non-residents. Additional graduate student fees also apply. Tuition and fees are subject to change.
- Does the Master of Quantitative Finance program offer scholarships or assistantships?
- This program does not typically provide departmental assistantships or fellowships. Students can explore MAGE Student Employment Opportunities, FAFSA, and Administrative Graduate Assistantships for financial support. A 'Plus 1 Program Savings' tuition discount is available for current UMD freshmen, sophomores, or juniors in the accelerated program.
- What are the typical career outcomes for graduates of the Master of Quantitative Finance program?
- Graduates are prepared for quantitative roles in the financial sector, including positions such as Capital Markets Analyst, Equity Quantitative Researcher, FX Quantitative Researcher, and Quantitative Trader. The program emphasizes advanced coding, mathematical expertise, and financial engineering.
- What is the duration and credit requirement for the Master of Quantitative Finance program?
- The program typically takes 3-4 semesters to complete and requires 36 credits.
Entry requirements
GeneralStrong proficiency in mathematics, coding, and other quantitative subject areas.
Duolingo English Test (DET)120
IELTS7.0
TOEFLNot Specified
Official English proficiency test scores must be less than two years old. Use reporting code 5814 for UMD. Waivers may be considered if certain requirements are met.
Fees
Tuition (international)Special tuition rate; does not differ between residents and non-residents. Additional graduate student fees apply. Tuition and fees are subject to change.
Tuition (home)Special tuition rate; does not differ between residents and non-residents. Additional graduate student fees apply. Tuition and fees are subject to change.
LivingNot specified.
This program does not provide departmental assistantships or fellowships. Students may explore MAGE Student Employment Opportunities, FAFSA, and Administrative Graduate Assistantships.
How to apply
1. Start Your ApplicationBegin the application process through the provided link for graduate admissions.
2. Submit English Proficiency ScoresProvide official scores from an accepted English proficiency test (Duolingo, IELTS, or TOEFL) directly to the Office of Undergraduate Admissions using reporting code 5814. Scores must be less than two years old.
3. Review Financial Aid & BillingExplore financing options including FAFSA, administrative graduate assistantships, and other resources. Note that this program does not typically offer departmental assistantships or fellowships.
Scholarships
Plus 1 Program SavingsThousands of dollars on graduate tuition
Frequently asked questions
What are the English language proficiency requirements for international applicants?
+
International applicants must provide official scores from an accepted English proficiency test. For the Duolingo English Test (DET), a score of 120 is required. For IELTS, a minimum score of 7.0 is needed. Scores must be less than two years old and reported using code 5814 for UMD.
What are the tuition fees for the Master of Quantitative Finance program?
+
The program has a special tuition rate that does not differ between residents and non-residents. Additional graduate student fees also apply. Tuition and fees are subject to change.
Does the Master of Quantitative Finance program offer scholarships or assistantships?
+
This program does not typically provide departmental assistantships or fellowships. Students can explore MAGE Student Employment Opportunities, FAFSA, and Administrative Graduate Assistantships for financial support. A 'Plus 1 Program Savings' tuition discount is available for current UMD freshmen, sophomores, or juniors in the accelerated program.
What are the typical career outcomes for graduates of the Master of Quantitative Finance program?
+
Graduates are prepared for quantitative roles in the financial sector, including positions such as Capital Markets Analyst, Equity Quantitative Researcher, FX Quantitative Researcher, and Quantitative Trader. The program emphasizes advanced coding, mathematical expertise, and financial engineering.
What is the duration and credit requirement for the Master of Quantitative Finance program?
+
The program typically takes 3-4 semesters to complete and requires 36 credits.