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Admission requirements

March 31 is the application deadline for the Master in Quantitative Investment Management program. Admission is competitive. Meeting all requirements does not guarantee admission.


  • Bachelor's degree in science, engineering, business or economics from a recognizable university or institution
  • Minimum grade of B (3.0/4.3)
  • Minimum GMAT of 600 or GRE of 300 and strong, recognized quantitative background
  • Computer programming skills are preferred
  • Successful completion of a university-level economics course

English proficiency

Applicants whose primary language is not English, or whose previous education was conducted in another language, must submit evidence of satisfactory completion of a standardized English test.

  • Minimum score of 92/120 (Internet-based) on the Test of English as a Foreign Language (TOEFL), or
  • Minimum score of 7/9 on the International English Language Testing System (IELTS)


The following documents will be required:

  • Transcripts of all undergraduate and graduate work
  • Statement of purpose
  • Official GMAT result (minimum score of 600) or the corresponding GRE result. The GMAT can be waived if certain criteria are met; inquire at the MBA office about this.
  • Official TOEFL or IELST result
  • Detailed resume of academic studies, work experience, and computing skills and experience
  • Three reference letters

Common questions

GMAT/GRE waiver

You should meet one of the following criteria to be considered for a GMAT/GRE waiver:

  • Master's degree in engineering, mathematics, statistics, computer science, science, finance, economics, business or other related field
  • Professional designation in the field of finance, accounting (e.g., CFA, CPA) from North American professional bodies
  • Undergraduate degree in engineering, mathematics, statistics, computer science, science with a minimum CGPA of 3.7/4.3. International students: due to different grading schemes across nations, your stated CGPA might not match with our system.  

Advanced standing

Professional designations

Normally, advanced standing is not provided for those with professional designations (e.g., CFA, risk management certification). The focus of this program is application of quantitative techniques in various facets of investment. This involves analysis of large data, application of statistical techniques, developing algorithms and coding that are not covered in depth in professional designations.

Previous coursework

Normally no advanced standing will be given, as the program is application-oriented. If you have taken a similar course at a graduate level and wish to apply for advanced standing, our program committee can look at the course outline; textbook and other material used; evaluation method; and other factors to come to a final decision.

Coding prerequisities

Prior exposure to languages such as R, Python and Matlab is an asset, but not a prerequisite.

The MQIM program's three-week, mandatory boot camp provides you with basic knowledge of coding in high-level computer language, financial databases, quantitative methods, financial markets, corporate finance and accounting.

For more information

Contact us at or 506-453-4766.