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Admissions

Admissions


General Admission Requirements

Admission to the Master of Science in Financial Engineering program at WQU is available to all qualified applicants who meet the requirements below. Our prospective students are career-driven, computer-savvy quantitative thinkers. They have graduated from an undergraduate program and are interested in a future in financial engineering. They come from a wide range of countries and have diverse backgrounds. They are motivated by career advancement and the opportunity for a life-changing education. WQU weighs several factors in evaluating applicants. Primary consideration is given to the candidates’ academic records. Other considerations include professional work experience, professional appraisals, and civic leadership and extracurricular activities.

Required:

  1. Completed Online Application
  2. Current Resume or Curriculum Vitae
  3. Transcripts for previously earned college/university
  • Bachelor’s degree or equivalent 4-year degree (required)
  • Master’s or doctorate degree (optional)
  1. Personal Essay
  2. References: one (1) professional and one (1) academic
Additionally, international students may be required to provide TOEFL or IELTS exam scores to demonstrate English language proficiency. Please see application instructions for details. Apply now.

Additional Considerations:

While anyone meeting the entrance requirements is encouraged to apply, candidates with some or all of the following skills may be better prepared for the curriculum:
  • Bachelor's degree (or equivalent 4-year degree) in a technical discipline such as mathematics, computer science, engineering, or economics
  • Undergraduate-level proficiency in differential and integral calculus
  • Undergraduate-level proficiency in Linear Algebra
  • Experience in analyzing datasets
  • Undergraduate-level proficiency in Probability & Statistics
  • Undergraduate-level lab science course (biology chemistry, physics, etc.)
  • Fluency in at least one general purpose programming language such as C
  • Undergraduate-level proficiency in Maple, Matlab, R, or SPSS
  • Experience with Discrete Optimization
  • Relevant work experience

 

 

Application Instructions

Application Instructions


We’re glad you’re interested in earning your Master’s degree at WorldQuant University! Our application process is entirely online. Start your application today by creating an account. Once you have created an account, you will be asked to enter your personal information and to upload several supporting documents for authentication. Your information is automatically saved when entered, so you can return to your application at any time by simply logging into your account on the top right side of this website. You will find a complete list of all the documents needed to complete your application below.

Current CV / Resume

Resumes should highlight applicants’ achievements in their professional career and academic studies, along with any research, scholarships, prizes, awards, publications, presentations, and/or patents. The resume must include the month and year for start and end dates for each position held.

Bachelor’s Degree & University Transcripts

Applicants must hold a bachelor’s degree or an equivalent four-year degree from an accredited college or university to be eligible to apply. To verify this requirement, candidates must submit a scanned copy of their transcripts from all previously attended colleges or universities for both undergraduate and graduate programs. Transcripts must clearly state the applicant’s name and the name of the institution.

If the transcript is in a language other than English, an official translation must be included. All international transcripts must be submitted with all components listed in the World Education Service (WES) Required Documents standards. Applicants are NOT required to submit any documents to WES for translation, but rather, use their standards as a guideline to assure all required transcript components are uploaded and submitted with the application.

Please note: Applicants who do not have official transcripts at the time of the application can submit unofficial transcripts. However, all students accepted at WQU are required to submit official transcripts for all undergraduate and graduate coursework prior to the completion of 12 credit hours. Accepted students are required to submit official transcripts from each college or university attended, regardless of whether or not a degree was earned.

Transcripts must be submitted in sealed envelopes signed by the appropriate university official. Transcripts may be sent directly from the university attended to the WQU Admissions Office. The official grading scale of the academic institution must also be included. Transcripts from institutions attended as part of a study abroad program do not need to be sent separately provided that the study abroad courses and grades are reflected on the relevant transcript.

Official transcripts must be received by WQU prior to the completion of the fourth course session of enrollment. WQU highly recommends that students request official transcripts from their undergraduate (and graduate institution, if applicable) immediately upon acceptance.

Entrance Essay

As part of the application process, candidates are required to answer the following questions to help us better understand their goals and how WQU will help them achieve these. The personal essay will be comprised of five paragraphs that focus on:

  • Goals and vision for the future;
  • How previous academic studies figure into those goals;
  • What a degree from the University will mean both personally and professionally;
  • Motivation for study and success; and
  • Ethical and moral beliefs, as evidenced through real-life experience.

Responses for each section should be between 100-175 words and should be grammatically correct.

Academic and Professional References

Applicants are required to provide two references, one academic reference and one professional reference. These individuals should be able to provide specific and relevant information about qualifications and potential for success. WQU cannot accept references that are personal friends, family members, or acquaintances.

It is important that the contact information provided for each reference, including his or her phone number and email address, is accurate. WQU may contact references directly via telephone or email. WQU may also ask references to complete a brief online survey regarding the applicant.

Official TOEFL or IELTS Score

The Test of English as a Foreign Language (TOEFL) or the International English Language Testing System (IELTS) is required of applicants whose native language is not English. The only exception is for applicants who have earned a degree at an institution where the language of instruction is English.

For admission into the Master of Science in Financial Engineering, non-native English speaking applicants must score at or above the following levels in the English language proficiency tests:

  • Test of English as a Foreign Language (TOEFL PBT), paper-based test: 530
  • Test of English as a Foreign Language (TOEFL iBT), internet-based test: 71
  • International English Language Test (IELTS): 6.5

Applicants who have already taken the TOEFL or IELTS exam can upload a copy of their exam results within the application.

Applicants who have not taken either the TOEFL or the IELTS exam will need to take it prior to submitting an application to WQU. Applications cannot be reviewed without qualifying exam results.

WQU’s designated institution code for the TOEFL is B325. Including this code upon exam registration allows the organization providing the exam, ETS, to make the test results digitally available to WQU. This speeds the process and can eliminate the need for applicants to provide a hard copy of their test results. Further information on the TOEFL can be found at www.gre.org/toefl.

Self-Managed Application Procedure

Applicants are fully responsible for completing and submitting their applications on time. You can access your application at any time to make changes and updates prior to submission.

Before submitting, please review all parts of your application and make sure you have uploaded all supporting documents. You will not be able to make any changes after submission unless you need to update your contact information.

An admission decision will only be made once all required application materials are received.

Application Deadline Dates

Applications are accepted all year round. Once accepted, students can begin their program at the nearest upcoming start date. (See Academic Calendar.)

Credential Verification

We are committed to ensuring the integrity of our admissions process, the reputation of WorldQuant University, and the integrity of the Master of Science in Financial Engineering program. To guard against any allegations that candidates may have misrepresented themselves in their admissions applications, we have established an independent verification of application credentials for all of our students. We believe that this verification process will support our efforts to ensure integrity throughout the program. Candidates will receive more information on this process upon admission.

Nondiscrimination Policy WorldQuant University does not discriminate against any person on the basis of age, ancestry, color, ethnic group identification, national origin, religion, race, gender or sex, sexual orientation, physical or mental disability, veteran status, or on the basis of these perceived characteristics, or based on association with a person or group with one or more of these actual or perceived characteristics.
Disabilities WorldQuant University is committed to compliance with the Americans with Disabilities Act (ADA) of 1990, as amended, and Section 504 of the Rehabilitation Act of 1973, as amended. Students requiring learning accommodations resulting from disability or injury should contact the Director of Admissions & Student Records. WQU provides accommodations based on medical or professional documentation submitted by the student. It is the student’s responsibility to self-identify to the institution prior to the start of class.

Apply Now

Apply Now


Your WorldQuant University Application

  1. Before you start your application, please review the Admissions Requirements and check if you are eligible to apply.
  2. Make sure you read all the Application Instructions. Any questions? Check out the Frequently Asked Questions.
  3. Once you have all the information, it's time to get started. Remember, your answers are automatically saved if you can't complete your application in one sitting.

    Start a new applicationLogin to your existing account

  4. If you need assistance with your application, our admissions team can answer your questions. You can email them at [email protected].
Students at WorldQuant University (WQU) are prohibited from employment at WorldQuant, LLC for a period of 12 months following the earlier to occur of (x) the student’s last day as an enrolled student at WQU and (y) the student’s graduation date from WQU. This rule applies to all accepted applicants who enroll and begin training at WQU, whether they earn a degree or exit prior to completion.

FAQs

Frequently Asked Questions about the University and Program


How do I apply for enrollment at WorldQuant University?

WorldQuant University encourages all interested and qualified individuals to submit an application for enrollment. Your application and all required supporting documents are submitted online. You can find more information about the application process here.

Is WorldQuant University licensed?

WorldQuant University is currently licensed by the Board of Regents of the State of Louisiana. Licenses are renewed by the State Board of Regents every two years. Licensed institutions have met minimum operational standards set forth by the state, but licensure does not constitute accreditation, guarantee the transferability of credit, nor signify that programs are certifiable by any professional agency or organization.

How much does it cost?

WQU is completely tuition-free and funded by WorldQuant Foundation, a charitable organization dedicated to making education accessible to all qualified students. Students only pay for their textbooks and other course materials.

How much do the books cost and where can I buy them?

The estimated cost for textbooks and other study materials is $50-75 per course. Textbooks and materials are purchased on a course-by-course basis, so the total cost of approximately $1000 is spread out over the length of the program.

All required textbooks and materials are available through the WQU online Bookstore. In conjunction with its suppliers, the Bookstore offers full digital editions of textbooks, and digital versions of all other course materials. The WQU Bookstore accepts payments made by credit cards, debit cards, and PayPal. The textbooks and materials used in the MFSE program may also be available from other providers, and students are not required to purchase from the WQU Bookstore.

What is Financial Engineering?

Financial engineering is the application of mathematical methods to solve financial problems. It is a multidisciplinary field that uses tools from applied mathematics, statistics, financial theory, and computer science.

It is an emerging field, and is increasingly in demand. Financial innovation is driving demand for the rigorous analytic capabilities and training of financial engineers.

Financial engineers pursue professional roles as quantitative researchers, quantitative developers, quantitative traders, algorithmic traders, and portfolio managers for financial institutions. Those who focus on public policy often work for governments developing state and federal financial policies or conducting research at think tanks. There is a tremendous amount of fluidity between different financial-engineering careers, as well as transferable skills that permit professionals to easily move between these opportunities.

What are the admission requirements?

  • Completed online application
  • Bachelor’s Degree or equivalent four-year degree
  • Transcripts of all previously earned college/university degrees
  • Current resume or CV
  • One academic and one professional reference

If English is not your first language, you are also required to submit a qualifying TOEFL, IELTS or PTE exam score as proof of your English proficiency. This requirement does not apply if you earned your previous degree at an accredited college/university where the language of instruction is English.

A complete list of the admission requirements can be found here.

I cannot find my transcript(s). Can I still enroll?

All applicants must submit their transcripts as part of the application. The application will not be considered complete until all required documents are submitted. If you cannot find a copy of your transcript(s), please contact the institution from which you graduated.

How do I designate WorldQuant University when registering for the TOEFL?

The designated institution code for WorldQuant University is B325. Including this code upon registration allows the organization providing the test to make the results digitally available to WorldQuant University.

How do I access the courses? When do I go to class?

Once you get accepted into the Master’s program, you will be given credentials and instructions for logging into the WorldQuant University Learning Portal, where you can access the courses. All courses are provided 100% online, allowing you to study at a time and place that fits your schedule.

While the courses are taken during a specified six week session, there are no required class times and no physical classrooms.

When do classes start?

Classes start seven times per year. Students can begin training at the closest start date following the acceptance of their application. Our current class schedule is shown in the WQU Academic Calendar.

How are the courses scheduled?

Students take one course at a time, in a designated sequence. Each course is taken over a six-week period. There is a one-week break between courses, except at the end of the academic year when the break is longer. You can find the start dates here.

You must obtain a final grade of 70% or greater to successfully pass a course. Upon successful completion of a course, you will be automatically enrolled in the next course. If you do not earn a passing grade for a course, you may retake that course, but you cannot proceed to the next course without passing the current course. Each course is a prerequisite to the following course. You can see the complete list of courses in order here.

What do I need in order to take the online courses and what are the system requirements?

You will need access to a computer and a high-speed internet connection in order to participate in the online courses.

You can access the program contents from any web-enabled computer. There are no necessary plug-ins. You do not have to use the same computer to log into the program every time. We recommend that you have a word-processing program (Microsoft Word is best) and the latest version of Internet Explorer, Google Chrome, Safari, or Firefox.

Can this program be taken on a Mac?

Yes, all elements of the courses are available to Mac users.

Can I take the courses on my mobile device, tablet, or smartphone?

No. While students may be able to take some portions of the courses on a tablet or smartphone, a computer (desktop or laptop) is required to access the entire course content.

Can I receive credit for other college/university courses that I completed?

WQU has a transfer of credit policy that allows students to transfer up to 50% of the total program requirements (up to 21 credits) of already completed coursework into the program. Credits are evaluated for transfer on a case by case basis. Please see the University Catalog for the policy details and how to apply for transfer of credit.

Can I transfer WQU credits to another college/university?

The acceptance of credit is always up to the receiving institution. Please contact the institution you would like to transfer your WQU-earned credits to.

What are the graduation requirements?

To graduate from WQU and be awarded a Master of Science in Financial Engineering, students must:

  • Successfully complete all required courses;
  • Earn a minimum of 21 credit hours in the program at WQU;
  • Be in good academic standing; and
  • Have a cumulative GPA of at least 3.0.

Will I receive a diploma?

Students who meet all of the graduation requirements will receive a diploma. Once the graduation requirements have been verified, the student will be notified via email and the diploma will be made available.

Can I get a student visa?

WQU does not grant student visas. Since our Master’s program is 100% online, students from all over the world can enroll and participate.

Am I guaranteed a job when I graduate?

No, jobs are not guaranteed with any employer, including WorldQuant University’s namesake.

Will I be able to work for WorldQuant, LLC?

Other than that which is incidental, WorldQuant, LLC cannot derive any private benefit from WQU. In accordance with representations made to the US Internal Revenue Service, WorldQuant, LLC cannot hire any WQU students or graduates until at least 12 months after the student left or graduated from WQU.

What is the relationship between WorldQuant University and WorldQuant, LLC?

WorldQuant, LLC’s founder and CEO, Igor Tulchinsky, established the WorldQuant Foundation, which is the charitable organization that sponsors WQU.