Questions Answered

Explore our resources below to learn more about our program, our process, our University as a whole, and the financial engineering industry.

About WQU

  1. Where is WQU located?
    WQU does not have a campus since all our courses are delivered 100% online. Our corporate office is located at: 

    WorldQuant University 
    201 St. Charles Avenue 
    Suite 2500 
    New Orleans, LA 70170
  2. What degrees does WQU offer?
    WQU offers a tuition-free, online Master of Science (MSc) in Financial Engineering program.
  3. Is WQU accredited?
    In the United States, the ability for a college or university to issue degrees is authorized by license from a state government. WorldQuant University is currently licensed by the Board of Regents of the State of Louisiana as a degree granting institution. 

    Accreditation is a voluntary multi-year process of peer review and evaluation. As part of its conditional approval by the Louisiana Board of Regents, WQU is working toward accreditation through a US Department of Education recognized accreditor, per Louisiana Administrative Code, Title 28, Part IX, Chapter 3, Section 302.
  4. Does WQU offer scholarships?
    As a tuition-free university, WQU does not participate in any financial aid or scholarship programs. 
  5. What is the relationship between WQU, WorldQuant, LLC, and the WorldQuant Foundation?
    Igor Tulchinsky, the founder and CEO of WorldQuant, LLC, established the WorldQuant Foundation, which is the charitable organization that sponsors WorldQuant University.
  6. Is WQU 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.
  7. When do classes start?
    At WQU, there are seven academic sessions per year. Students take one course at a time in a prescribed sequence. New students can begin training at the closest start date following the acceptance of their application. Our current course schedule is shown on our Program page.

Programs & Admissions

  1. How do I apply for enrollment at WQU?
    Your application and all required supporting documents are submitted online. You can find more information about the application process here.
  2. When is the deadline to apply?
    WQU accepts new students into the MSc in Financial Engineering program seven times a year. Students can begin their studies on the closest academic session start date following the acceptance of their application. We recommend submitting an application ca. 6 weeks prior to the desired start date. For an overview of our academic calendar, please visit our Program page.
  3. How do I convert my GPA in the online application?
    If you earned your previous degree(s) at an institution outside of the US, you must convert your GPA to a US scale. 

    To convert your US GPA equivalent, please use this GPA calculator. Once you successfully converted your GPA, please enter it in your online application. If you have earned a degree outside the US and do not include your GPA conversion, your application will not be reviewed.
  4. Do I need to submit TOEFL, IELTS, or PTE scores if the language of instruction at my previous university was English?
    No. If English was the official language of instruction at your previous college or university, you are exempt from taking the TOEFL, IELTS, or PTE.
  5. How do I designate WQU 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 our admissions team.
  6. Do I need a bachelor's degree to apply?
    A bachelor’s degree or an equivalent 4-year degree is the minimum academic requirement for admission into the MSc in Financial Engineering program at WQU. If you do not have a bachelor’s degree and are not sure if your credential/degree/certification is considered equivalent to a bachelor’s degree, you can get it evaluated by World Education Services (WES) and provide WQU with your transcripts as well as proof of the evaluation. 
  7. I have a HND. Can I apply for the MSc in Financial Engineering?
    HNDs are not considered equivalent to a 4-year bachelor’s degree, which is the minimum academic requirement for admission into the MSc in Financial Engineering program at WQU. If you are not sure if your diploma/degree/certification is considered equivalent to a bachelor’s degree, you can get it evaluated by World Education Services (WES). If WES determines that your qualifications are equivalent to a bachelor’s degree, your application can be considered for acceptance if you provide WQU with proof of the WES evaluation.
  8. What is Financial Engineering?
    Financial engineering applies mathematical and quantitative methods to financial problems. This multidisciplinary field combines financial theory, mathematics applications, engineering methods, and programming practices. 

    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. 
  9. I can't find my transcripts. Can I still enroll?
    As part of the online application, you must submit scanned copies of your transcripts from all previously earned college or university degrees in order to verify that your previously earned degree(s) meet the academic requirements for admission. 

    Upon acceptance into our MSc in Financial Engineering program, you are required to submit official transcripts for all previously earned college or university degrees. There are two ways you can submit your official transcripts: 

    • via postal mail, in a sealed envelope and signed by the appropriate university official
    • digital transcripts, which should be sent to [email protected] along with the associated verification instructions and/or code.
    In both cases, official transcripts must include the official grading scale of the academic institution and be submitted directly from the university attended to the WQU Admissions Office. 

    Official transcripts must be received by WQUprior to the completion of the fourth course session of enrollment. We highly recommend that you request official transcripts from your previous colleges and universities immediately upon acceptance. 

    If your transcript is in a language other than English, an official translation must be included. 
  10. Can I get transfer credit for previous coursework?
    Students can receive transfer credit for up to 50% of the courses in the MSc in Financial Engineering program (7 courses, which equals 21 total credits). 
     
    If you have previously completed similar graduate-level coursework, you might be eligible for transfer credit. We recommend that you apply for transfer credit before enrolling at WQU. Your request will be evaluated by the Academic Dean and you will be notified of the decision. Once approved, you will be issued an Enrollment Agreement. 
     
    For more details on the transfer of credit policy at WQU, please check out our Catalog.
  11. I understand that WQU is tuition-free, but what other expenses should I prepare for?
    While WQU is tuition-free, students in the MSc in Financial Engineering program are expected to cover the cost of their books and other course materials. 

    The estimated cost for books is about $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. 

    Please note that the cost may vary depending on whether you choose to purchase digital copies vs. hard copies or paperback versions of the books. To lower the cost, we recommend comparing multiple vendors, looking for used copies and rentals, or checking the books out at a library.
  12. What are the admission requirements?
    Here's an overview of the admission requirements for the MSc in Financial Engineering program at WQU: 

    • 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
    • TOEL, IELTS, or PTE exam scores as proof of English proficiency
    A more detailed list of the admission requirements can be found here

Student Experience

  1. 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. For an overview of the exact dates, please have a look at our academic calendar on the Program page. 

    You must obtain a final grade of 70% or greater to successfully pass a course. Upon successful completion of a course, you will automatically be enrolled in the next course. If you do not earn a passing grade for a course, you may retake that course. Each course is a prerequisite to the following course. You can see the complete list of courses in order here.
  2. Can I get a visa to study in the US?
    WQU does not grant student visas. Since our courses are 100% online, qualified students from all over the world can enroll and participate.
  3. How much do the books cost and where can I buy them?
    The estimated cost for books is about $50-75 per course and you can purchase them from any vendor of your choice. Books are purchased on a course-by-course basis, so the total cost of approximately $1000 is spread out over the length of the program. 

    Please note that the cost may vary depending on whether you choose to purchase digital copies vs. hard copies or paperback versions of the books. To lower the cost, we recommend comparing multiple vendors, looking for used copies and rentals, or checking the books out at a library.
  4. Will I meet other students?
    Students at WQU are part of a community of learners from more than 70 countries around the world. They collaborate on projects and engage in discussions with each other online. 
  5. What are the system requirements to access the courses?
    You will need access to a computer and a high-speed internet connection in order to participate in the online courses. For proctored exams, you will also need a webcam. 

    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. 
  6. Can I take the courses on my smartphone or tablet?
    No. While you may be able to take some portions of the courses on a smartphone or tablet, a computer (desktop or laptop) is required to access the entire course content.
  7. Can I take the courses on a Mac?
    Yes, all elements of the courses are available to Mac users.
  8. Where do I go to class?
     Once you get accepted into the MSc in Financial Engineering program, you will be given the credentials and instructions for logging into the WorldQuant University Learning Portal, where you can access the courses online.
  9. Are the courses at WQU 100% online?
    Yes, all courses at WQU are provided 100% online. Once you get accepted into the MSc in Financial Engineering program, you will be given the credentials and instructions for logging into the WorldQuant University Learning Portal, where you can access the courses.
  10. How many credits do I need to graduate?
    In order to graduate from WQU, students must have earned a total of 42 credit hours. According to our transfer of credit policy, students can transfer up to 21 credit hours from previously completed coursework. For an overview of this policy and other graduation requirements, please have a look at the WQU Catalog.
  11. 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 42 credit hours (21 of which must be earned at WQU)
    • Be in good academic standing
    • Have a cumulative GPA of at least 3.0
  12. Will I receive a diploma when I graduate?
    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.

Career Guidance

  1. 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.
  2. Am I guaranteed a job when I graduate?
    No. WQU does not guarantee jobs with any employer.
  3. How can I apply my MSc in Financial Engineering?
    Financial engineers pursue professional roles such as quantitative researchers, quantitative developers, quantitative traders, algorithmic traders, and portfolio managers for financial institutions. 

    Some focus on public policy, working 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 allow professionals to easily move between these opportunities.