Quantitative Finance, M.Sc.

  • Application Deadline
  • 24 months
  • Tuition Fee
    1452 EUR/year
    Tuition fee
    726 EUR/year
    Tuition fee
  • English (take IELTS)
The Master Quantitative Finance at WU (Vienna University of Economics and Business) will provide you with an excellent academic and practical education to become an expert in financial methodology. It is your ideal starting point for a future career in today’s challenging and dynamic financial markets.


The well-balanced curriculum builds strong quantitative skills combined with a solid knowledge base of the underlying theory of finance. Students acquire the necessary knowledge and skills to use mathematical models to understand complex financial problems.

A special focus lies on using the software 'R', an open source implementation of the language S for data analysis and visualisation. Students benefit from the expertise of the programs' faculty, which is strongly involved in the international development community of R.

Specialize in Science or Industry

The Science Track prepares students for an academic career in the field of finance, while the Industry Track focuses on a career as quants (analysts) in the finance industry, combining financial models with computational skills. You can specialize in the second year of your studies. In both tracks you will benefit from working together with our experienced faculty and from their strong academic networks and links to the finance industry.

A truly international program

The Master Quantitative Finance at WU (Vienna University of Economics and Business) attracts students from many places around the world which gives you the chance to experience a unique educational culture. The courses of the program have an international orientation and provide all the necessary knowledge and skills to start an international career.

An exclusive, high-quality post-graduate education

Only the best applicants can join the program. An important part is learning in small groups which offers many possibilities to be in contact with and get support from the faculty – both inside and outside the classroom.

Career Prospects

Graduates of the Master Quantitative Finance are qualified to be tomorrow's experts in the increasingly complex world of finance, e.g. in:

  • asset management

  • credit and market risk management

  • treasury and trading

  • financial engineering

  • research and technical analysis

  • corporate finance

Graduates also qualify for a relevant Doctoral or PhD program. Students who want to pursue an academic career are strongly encouraged to choose the Science Track to be well qualified.

Programme Structure

First Semester

  • Mathematics 1

  • Financial Markets and Instruments

  • Computing

  • Probability

  • Principles of Finance

  • Statistics 1

Second Semester

  • Mathematics 2

  • Optimization

  • Statistics 2

  • Continuous Time Finance 1

  • Microeconomics

  • Econometrics

For more information please visit the programme website!

Detailed Programme Facts

  • More details:
    • Rolling admissions
  • Programme intensity Full-time
    • Full-time duration 24 months
  • Credits
    120 ECTS
  • Languages
    • English
  • Delivery mode
    On Campus

English Language Requirements

You only need to take one of these language tests:

  • Minimum required score:


    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

    Take IELTS test
  • Minimum required score:


    The TOEFL – or Test Of English as a Foreign Language – offers an internet-based test (iBT). The final, overall iBT score ranges between 0 and 120, and includes a scaled average from the four components (reading, listening, speaking, and writing). Read more about TOEFL (iBT).

Academic Requirements

1. Relevant Bachelor's program

  • Completion of or enrollment in a relevant Bachelor's program or other equivalent degree program at a recognized Austrian or foreign post-secondary institution.
2. Sufficient proficiency in English
  • English as native language

  • Full Bachelor's program done in English (at least three years, university confirmation required)

3. Further skills and knowledge

  • Skills and knowledge in business administration / economics / finance
  • Skills and knowledge in mathematics / statistics

4. Achievement potential:

  • Valid GMAT or

  • Valid Graduate Record Examinations (GRE) 

Tuition Fee

  • International

    1452 EUR/year
    Tuition Fee
    Based on the original amount of 726 EUR per semester and a duration of 24 months.
  • EU/EEA

    726 EUR/year
    Tuition Fee
    Based on the original amount of 363 EUR per semester and a duration of 24 months.

Living costs for Vienna

850 - 1,230 EUR/month
Living Costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.


StudyPortals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.