Quantitative Finance, Master | University of Waterloo | Waterloo, Canada
24 months
15392 AUD/year
4508 AUD/year
Tuition fee
Apply date
Start date


The Master of Quantitative Finance (MQF) program at University of Waterloo focuses on the fundamental disciplines of mathematics, statistics, econometrics, computer science and finance. 


It provides the analytical tools to solve practical problems in the complex and rapidly evolving world of today's financial industry.

Graduates from the Master of Quantitative Finance from University of Waterloo are equipped for positions with financial institutions, corporations and government regulatory organizations.

Careers include:

  • financial engineers in model vetting and risk compliance
  • analysts in portfolio credit risk, market risk, investment banking and audit
  • asset mix and portfolio managers
  • a range of positions requiring advanced skills in quantitative finance

Programme Structure

Thesis option
  • This option is appropriate for students who are interested in research and/or pursuing a PhD. 
  • In addition to the thesis, this option requires a minimum of four courses including Finance 1 and 2 and two other courses selected in consultation with their faculty advisor.
  • Students elect to do the thesis option during their first term in the program, when they also must choose an advisor.

Key information


  • Full-time
    • 24 months

Start dates & application deadlines


45 alternative credits


On Campus

Academic requirements

We are not aware of any academic requirements for this programme.

Other requirements

General requirements

  • An overall 80% average from a Canadian University (or its equivalent).
  • A four-year honour's Bachelor's degree (or equivalent) with a strong background in quantitative methods. 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.
  • An interview and diagnostic test may be required.
  • Three references, at least two academic
  • Proof of English language proficiency, if applicable. TOEFL 100 (writing 26, speaking 26), IELTS 7.5 (writing 7.0, speaking 7.0)

Tuition Fee

To alway see correct tuition fees
  • International

    15392 AUD/year
    Tuition Fee
    Based on the tuition of 7696 AUD per semester during 24 months.
  • National

    4508 AUD/year
    Tuition Fee
    Based on the tuition of 2254 AUD per semester during 24 months.

Living costs for Waterloo

810 - 1447 CAD /month
Living costs

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


Interested in financing your studies? Find a student loan that works for you.

Financing partner MPOWER Financing Student Loans between $2,001 - $100,000


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.

Our partners

Quantitative Finance
University of Waterloo
Quantitative Finance
University of Waterloo


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