Master of Quantitative Finance atUWaterloo School of Accounting and Finance


16 months (Full Time)

Course Level

PG Degree

International Students Admission Website

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Type of University


Year of establishment



  • The program 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
  • Students can complete this program with either the thesis option or Research paper option
  • Students will study courses like Foundations of Finance, Theory of Probability, Financial Econometrics and Computer Intensive Methods for Stochastic Models in Finance


  • University Rankings
    • #151-200

      - ARWU (Shanghai Ranking) 2020

    • #149

      - QS 2022

    • #201-250

      - THE (Times Higher Education) 2022

    • #199

      - US News & World Report 2022

Fees & Expenses
1st year tuition fees
Fees componentsAmount
Tuition & feesINR 10,40,305
Other expenses in 1st Year
Fees componentsAmount
Hostel & MealsINR 9,25,042
InsuranceINR 46,252
Incidental FeesINR 1,29,029
Books and SuppliesINR 1,28,478
Personal ExpensesINR 2,20,248
TotalINR 14,49,049

Calculated at the exchange rate of 1 CAD = INR 61.18


Tuition & expenses were last updated on 26ᵗʰ October 2022

Entry Requirements

QualificationEntry Criteria

No specific cutoff mentioned



  • Applicants must have a four-year honours degree (or equivalent) in a quantitative discipline with at least an 80% average
  • Applicants must have strong analytical skills and ability to handle rigorous mathematical analysis and have completed the following courses:
    • Three undergraduate courses in calculus and one course in real analysis
    • Two undergraduate courses in algebra
    • Two introductory courses in statistics and probability plus two advanced courses
  • Programming skills: R, Matlab, and C++
  • General knowledge of financial markets and economics
  • Demonstrated interest in current developments in finance
  • Successful applicants have had backgrounds in quantitative fields such as actuarial science, computer science, economics, engineering, mathematics, physics, and statistics


Marks - 100/120

  • With minimum of writing: 26 and speaking: 26


Marks - 68/90

  • With writing: 65 and speaking: 65


Marks - 7.5/9

  • With writing 7.0; & speaking 7.0

Other eligibility criteria
Students are required to attend an entrance test conducted by the university: More details will be provided to those applicants who are short-listed for the test. This is a two-hour diagnostic online test with questions on a wide range of topics including mathematics, statistics, and finance as well as some others relating to the program such as computational skills and career goals. The format of the test is a series of multiple-choice, short answer, and short essay questions involving some problem-solving. (We do not provide sample tests for study.) Work or co-op experience is recommended ELP waiver: If applicants have completed three or more years of post-secondary education, or completed a graduate degree at a university where English is listed as the only language of instruction on the International Association of Universities World Higher Education Database (WHED)
Conditional Offer

Not mentioned

Application Process

Step 1: Prepare documents for application

  • Applicants required to provide names and contact information of three referees (two must be academic)

Step 2: Additional documents required

Step 3: Start your online application

Step 4: Application fees for this course

Step 5: Application deadline

Ontario Graduate Scholarships (OGS)
Rs. 9,05,250
Engineering,Science,Business + 1 more
University of Waterloo Graduate Scholarship
Rs. 59,920
Engineering,Science,Medicine + 2 more
Graduate Student Contingency Bursary
Not available
Engineering,Science,Business + 1 more
QNX Graduate Scholarship
Rs. 9,28,950
Engineering,Science,Business + 1 more

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