• Application Deadline
  • 24 months
    Duration

About

The globalisation of today’s financial markets has led to increased international competition and a growing need for employees with advanced skills. Candidates who combine a deep understanding of financial theory with strong quantitative skills are in high demand. Since companies today have access to large amounts of data, they need employees who can process and analyse financial data to make strategic decisions. 

The Quantitative Finance programme offered by BI Norwegian Business School will provide you with the skills to assess problems, analyse them through advanced modelling, and make informed decisions. You will learn to use data and technology to better understand complex financial relationships and manage assets, evaluate risk factors, and maximize profitability. 

What you will learn?

The Master of Science in Quantitative Finance programme provides you with both quantitative and programming skills from topics covering numerical analysis, stochastic models, statistics, and econometrics. 

Along with the knowledge of finance that you gain, you will learn how to apply these advanced tools and be able to analyse complex financial instruments and contracts, analyse varied data sets for information extraction, as well as make forecasts and measure risk. This combination of knowledge and skills is what companies need in order to compete and succeed today.

Programme Structure

Courses included:

  • Derivatives
  • Stochastic Calculus for Finance
  • Corporate Finance
  • Research Methodology in Finance
  • Computational Methods
  • Investments
  • Quantitative Risk and Asset Management

Detailed Programme Facts

English Language Requirements

You only need to take one of these language tests:

  • Minimum required score:

    90

    The TOEFL iBT ® measures your English-language abilities in an academic setting. The test has four sections (reading, listening, speaking, and writing), each with a score range of 0-30, for a total score range of 0-120. Read more about TOEFL iBT ®.

    Schedule TOEFL®
  • Minimum required score:

    575

    The TOEFL®PBT is administered in a paper format and measures your ability to use and understand English in a classroom setting at the college or university level. It accurately measures how well you can listen, read and write in English while performing academic tasks. Read more about TOEFL®PBT.

    Schedule TOEFL®
  • Minimum required score:

    6.5

    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

    Schedule IELTS

Academic Requirements

You need the following GPA score:

Required score: 3.5

  • The minimum Grade Point Average (GPA) requirement is 3.50 (B) on an ECTS scale.

Your GPA (Grade Point Average) is calculated using the grades that you received in each course, and is determined by the points assigned to each grade (e.g. for the US grading scale from A-F).

You only need to take one of these tests:

  • This programme accepts GRE® scores and has provided a recommended score range.

    Recommended Verbal Reasoning score:

    152

    Recommended Quantitative Reasoning score:

    158

    The recommended range represents scores typically accepted at this institution. Scores outside the range may still be considered.

    The GRE® General Test is a widely administered admissions test that measures the skills needed in today's graduate and business school programs worldwide. The GRE® General Test contains three sections - Verbal Reasoning, Quantitative Reasoning, and Analytical Writing. Three scores are reported: a Verbal Reasoning score on a 130 - 170 score scale in one-point increments, a Quantitative Reasoning score on a 130 - 170 score scale in one-point increments, and an Analytical Writing score on a 0 - 6 score scale in half-point increments.

  • You need the following GMAT score:

    Required score: 600

    The GMAT - or Graduate Management Admission Test - is a frequent requirement for admission at management and business schools across the world. The GMAT score ranges between 200 and 800 and measures the verbal and quantitative reasoning of test-takers.

  • A successfully completed Bachelor’s degree (180 ECTS) with a specialisation (minimum 80 ECTS credits) in one of the following, provided that the combination of courses gives a good foundation for further studies within quantitative finance or,
  • A successfully completed Bachelor’s degree (180 ECTS) in the field of business administration with a highly quantitative specialisation (80 ECTS). The business degree must include the following foundation courses, or equivalent: Macroeconomics, Microeconomics, Statistics or Econometrics.
  • Applicants to the MSc in Quantitative Finance programme require a minimum grade of B in courses of particular relevance to the programme, including Calculus, Linear Algebra, and Statistics.

Tuition Fee

  • International

    10260 EUR/year
    Tuition Fee
    Based on the original amount of 10260 EUR per year and a duration of 24 months.
  • EU/EEA

    9020 EUR/year
    Tuition Fee
    Based on the original amount of 9020 EUR per year and a duration of 24 months.
We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.

Living costs for Oslo

  • 11682 - 19230 NOK/month
    Living Costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

For Master of Science applicants

  • BI Presidential Scholarship

Awarded to students who possess an outstanding record of superior academic achievement, the BI Presidential Scholarship is open to Norwegian and international applicants.

  • Master of Science International Scholarship

Awarded to students with a strong academic record, the MSc International Scholarships are open to international applicants.

  • A. Wilhelmsen Foundation Scholarship

Supporting international students in their pursuit of a Master of Science degree.

  • BI Norwegian Business School / QS Scholarship
  • Master of Science International Scholarship – Bergen

Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

The Global Study Awards: get funded with up to £10,000 to study abroad

Together with the ISIC Association and British Council IELTS, Studyportals offers you the chance to receive up to £10000 to expand your horizon and study abroad. We want to ultimately encourage you to study abroad in order to experience and explore new countries, cultures and languages.

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