— Igor Tulchinsky, Founder
Our first initiative is a tuition-free Master’s degree program in Financial Engineering.
Financial engineering is the application of mathematical methods to solve financial problems. It is a multidisciplinary field that requires skills from applied mathematics, statistics, financial theory, and computer science. Financial innovation is driving demand for the rigorous analytic capabilities and training of financial engineers.
We prepare promising students for careers in risk management, investment banking, private equity, hedge funds, data science, and technical operational areas of corporate management.
WQU was established as an independent not-for-profit in 2015 and is funded by the WorldQuant Foundation. The WorldQuant Foundation is a charitable organization dedicated to making education accessible to all qualified students.
WorldQuant University (WQU) was founded on the belief that talent is equally distributed but opportunity is not. Our Master’s program is tuition-free because we’ve made it our mission to make a world-class education more accessible to capable students from diverse cultural and economic backgrounds.
There are no hidden costs or fees for classes at WQU. In exchange, students are simply required to pay for their textbooks and course materials, and to commit fully to the program for its full duration.
An open model for education works. We currently have enrolled students from over 35 countries.
As the founder of WorldQuant, LLC, I have long been dedicated to developing talent for the future of the quantitative finance industry. There are many obstacles to inspiring the next generation of financial engineers and data-driven experts. WorldQuant University can serve as a vehicle to overcome these obstacles.
Location does not have to be a barrier to education.
Most of the graduate-level programs in financial engineering that exist are in the United States, which limits accessibility. Technology can be used to break the location barrier and give individuals across the globe access to education and knowledge that can be used in their local markets.
Cost shouldn’t be a barrier, either.
Education should be free to everyone. The most significant obstacle is the cost of education. Master’s degree programs in financial engineering can cost more than $100,000, a show-stopper for most otherwise qualified individuals to pursue education and expand their expertise. I strongly believe that the amount of money people have should neither determine their educational options nor limit their ability to access high-quality resources or to work with experts in the field.
It is this belief that generated the idea to form WorldQuant University. It is what brought you here; a chance to earn a Master of Science in Financial Engineering without incurring student loan debt.
We encourage you to take advantage of the opportunity, to use your knowledge to advance the field, and to ultimately strive to provide someone else with a similar opportunity, continuing the talent development cycle.
Read Igor’s recent interview where he talks about what ignited his passion to create education opportunities around the world.
Igor Tulchinsky is a financial entrepreneur and the founder and CEO of WorldQuant, LLC, a global quantitative investment management firm. Igor is also the founder of WorldQuant Foundation, a charitable organization dedicated to making a positive impact through targeted donations to qualified organizations and education initiatives worldwide.
Prior to forming WorldQuant, Igor was a venture capitalist, scientist at AT&T Bell Laboratories, video-game programmer, and author. He has a Master’s Degree in Computer Science from the University of Texas, Austin, completed in a record nine months, and an MBA in Finance and Entrepreneurship from the Wharton School at the University of Pennsylvania.