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.
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.
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.
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.
Graduates of the Master Quantitative Finance are qualified to be tomorrow's experts in the increasingly complex world of finance, e.g. in:
credit and market risk management
treasury and trading
research and technical analysis
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.
Financial Markets and Instruments
Principles of Finance
Continuous Time Finance 1
You only need to take one of these language tests:
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
The CAE test – or the Cambridge Advanced English – is an exam for applicants who wish to get a Certificate in Advanced English. To receive the Advanced certificate, test-takers must score between 142 and 210 on the Cambridge English: Advanced test. Read more about CAE.
Note: degree programmes and applications may require a more specific minimum score for admission.
The TOEFL – or Test OF English as a Foreign Language – offers a paper-based test (PBT). The final, overall PBT score ranges between 310 and 677, and is based on an average taken from the three test components (listening, structure, and reading). The writing part of this test is scored separately on a scale of 0-6. Read more about TOEFL (PBT).
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).
Completion of or enrollment in a relevant Bachelor's program or other equivalent degree program at a recognized Austrian or foreign post-secondary institution. To be considered relevant, the completed program has to meet the following criteria:
The program comprises at least 180 ECTS credits. 180 ECTS correspond to three academic years. Examinations have to be taken in one of the following subjects:
Business administration / economics / finance, worth a minimum of 60 ECTS credits OR
Mathematics / statistics / computing, worth a minimum of 45 ECTS credits
Please note: It is not necessary to have completed this program at the time of application, proof of completion of your first-degree program is not required until actual enrollment. Nevertheless the requirements listed above have to be documented within the uploaded documents.
Check the programme website for information about funding options.
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.
Testimonial Registration Module
Together with the ISIC Association and British Council IELTS, StudyPortals offers you the chance to receive up to £10000 to expand your horizon and study abroad. We want to ultimately encourage you to study abroad in order to experience and explore new countries, cultures and languages.