University of Waterloo - Graduate Studies

Quantitative Finance - Master of Quantitative Finance (MQF)

University of Waterloo - Graduate Studies

Faculty:Statistics and Actuarial Science
Degree:Master
Field of Study:Financial Mathematics
Thesis Based:Yes
Length:16 Month(s)
Cost per year:*
Provincial: $21,120
National: $23,270

Cost is an approximation for the entire program.



Description:

Today's financial industry is rapidly evolving and complex. The Master of Quantitative Finance (MQF) program focuses on the fundamental disciplines of mathematics, statistics, econometrics, machine learning, computer science and finance to provide the analytical tools to solve practical problems in the complex world of finance.

You’ll be equipped for positions with financial institutions, corporations and government regulatory organizations.

Based in the Department of Statistics and Actuarial Science, the program is offered with the option of a research paper or a thesis. The thesis option is best if you’re interested in pursuing research or a PhD, while the research paper option allows you to complete an internship where you’ll acquire practical experience in a real-world setting to graduate career ready.

Research fields for this program include artificial intelligence, business and industrial statistics, computational statistics, data science, machine learning, probability, statistical modelling and inference, and survey methods.

Prerequisites:

Grade for Entrance Previous Year (%)*80
These courses are intended as guidelines. Speak to your guidance counsellor to see what courses are offered at your school.

    A four-year honour's bachelor's degree (or equivalent) with a strong background in quantitative methods is required. Such a background may be in mathematics, statistics, actuarial science, computer science, economics, engineering, physics, provided there is a strong component of high level mathematics in the program. Strong communication skills are also highly desirable. Applicants must also have an overall 80% average from a Canadian university (or its equivalent).

    Additional Admission Requirements:
    • Letter(s) of Reference
    • Resume/Curriculum Vitae

    Transcripts and program-specific questions are also required.

    * The entrance grade may change from year to year. Please contact the school for further information.

    * We make every attempt to provide accurate information on prerequisites, programs, and tuition. However, this information is subject to change without notice and we highly recommend that you contact the school to confirm important information before applying.

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    Modified on September 10, 2025

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