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General Admission Requirements

Admission to the Master of Science in Financial Engineering program at WorldQuant University is available to all qualified applicants.

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.

The University 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.


  1. Completed Online Application
  2. Bachelor’s Degree or equivalent 4-year degree
  3. Transcripts of all previously earned college/university degrees
  4. Current Resume or CV
  5. One academic and one professional reference

Apply now.

Additional Considerations:

We encourage anyone meeting the entrance requirements to apply. However, we have found that applicants who meet some or all of the following criteria are more likely to succeed:

  • 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.

If you need assistance with your application or experience technical difficulties, please contact us via email at or by phone at +1-504-507-0840 between 8:00 am and 5:00 pm (U.S. Eastern time).

Please review the detailed application requirements listed below.

Are you ready to start your application? Get started.

Current CV / Resume

Your resume should highlight your achievements in your professional career and academic studies, along with any research, scholarships, prizes, awards, publications, presentations, and/or patents. The resume must include 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 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. Internet printouts will NOT be accepted. Transcripts should clearly state your name and the name of the institution(s). Be sure to black out any reference to a personal or student ID number, and to your date of birth.

Upload all pages of your transcript, but only one example of the back page to provide us with your university transcript key. Check the file size before uploading. It cannot exceed 1000kb. The format of the uploaded document must be in .doc, .pdf, rtf., or .txt. For Macintosh users, note that the filename must include the appropriate 3-letter extension.

If the transcript is in a language other than English, an official translation must be included. All 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: If you do not have your official transcripts at the time of your application, you can submit unofficial transcripts. However, if you are admitted to WQU, you will be required to submit official transcripts within a certain period of time. You will need official transcripts from each college or university you attended, regardless whether or not you earned a degree and whether or not you were enrolled in an undergraduate or graduate program.

Transcripts must be submitted in sealed envelopes signed by the appropriate university official. Transcripts may also be sent directly from your university to the WorldQuant University Admissions Office. The official grading scale of the academic institution must also be included. Transcripts from institutions at which you studied abroad do not need to be sent separately provided that the study abroad courses and grades are reflected on the transcript of the sender institution.

Entrance Essay

Our students are joining a community of learners and the tuition-free program is demanding.

Please answer the questions below (in no more than 175 words for each) to help us better understand your goals and how WQU will help you achieve these.

  • What are your goals and vision for the future?
  • How do your academic studies figure in those plans?
  • Why are you interested in WQU and what will a master’s degree in Financial Engineering mean to you personally and professionally?
  • What personal characteristics do you possess that will contribute to your academic success?

Academic and Professional References

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

Please make sure to fill out all the requested information about your references in the online application form. It is important that the contact information provided for each person, including his or her phone number and email address, is accurate. WQU may contact references directly via telephone or email. The University may also ask references to complete a brief online survey regarding their view of the applicant who submitted his/her name.

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 accredited university where the language of instruction is English.

If applicable, you are required to provide a copy of either your TOEFL or IELTS test results with your application. Your application will remain incomplete and will not be reviewed until we receive all official test scores reported in your application.

For admission into the Master’s program in Financial Engineering, non-native speakers of English must score at or above the following levels in the English language proficiency tests:

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

We recommend scheduling the TOEFL or IELTS exam as early as possible to ensure that the official score reaches WQU prior to the application deadline for which you are applying.

For those taking the TOEFL, please include the designated institution code B325 for WorldQuant University when registering for the exam. Doing so allows the organization providing the exam to make your results digitally available to WorldQuant University. This speeds the process and can eliminate the need for you to provide a hard copy of your test results.

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.

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.

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Apply Now

Your WorldQuant University Application

Have you read all the the Application Instructions and the Frequently Asked Questions?

Once you have all the information, get started here – and remember, your answers are automatically saved if you can’t complete your application in one sitting.


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If you need assistance with your application, our admissions team can answer your questions. You can email them at

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.


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 books and other study materials is $50-75 per course. Books 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 will be available online through VitalSource. VitalSource provides full digital editions of textbooks and accepts payments made by credit cards, debit cards, and PayPal. Other required materials will be available electronically from other providers.

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 TOEFL or IELTS exam scores 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?

Requirements to graduate with a Master of Science in Financial Engineering at WQU are as follows:

  • Successful completion of all required courses
  • Minimum of 36 credit hours in the program at WQU
  • Academic good standing
  • 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.