Master in Quantitative Investment Management
- Degrees Offered: Masters (MQIM)
- Application Deadline: March 31
- Study Options: Course work and research paper or an internship.
- Duration: One year
- Entry Terms: Fall Only, Pre-term Boot-Camp starting in August.
Data science for finance: this is the best way to describe our Master in Quantitative Investment Management (MQIM) program. This one-of-a-kind one-year graduate program will prepare you for a specialized career in quantitative investment management. We equip our graduates with the fundamentals of finance knowledge, analytic and programming skills, and professional development competencies demanded by the finance industry.
Quantitative Investment Management integrates tools from finance, economics, applied mathematics, statistics and computer programming to address problems in derivative securities valuation, dynamic investment strategies and risk management. These skills are sought by investment and commercial banks, trading companies, hedge funds, insurance companies, corporate risk managers and regulatory agencies.
Our program graduates are currently working for asset management firms such as Vestcor Inc., AIMCo, quant shops, investment and commercial banks. Quantitative investment skills are in high demand!
Industry connections
“MQIM grads would be well placed to succeed in quantitative investment and risk management roles at firms such as the Canadian Pension Plan Investment Board and the Ontario Teachers' Pension Plan," says Jon Spinney, chief investment officer and vice-president quantitative investing, Vestcor Investment Management Corporation. "These firms recruit heavily from quantitative masters programs."
Application requirements
- Bachelor's degree from a recognized university with a B average or minimum cumulative grade point average (CGPA) of 3.0 out of 4.3. Preference will be given to applicants with degrees in mathematics, statistics, computer science, science, engineering, business or economics.
- Minimum GMAT of 555 or equivalent GRE result and a strong quantitative background.
- Computer programming skills are strongly recommended.
- Successful completion of a university-level economics course.
- If English is not your first language, an official TOEFL (minimum score 94/120) or IELTS result (minimum score of 7/9). Check your language waiver eligibility here.
- List of documents required:
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- Official Transcripts of all undergraduate and graduate work (grading scales must be included.)
- International applicants are required to submit a WES ICAP evaluation that includes all prior post-secondary credentials obtained. The WES ICAP evaluation ensures certified expert translation of academic standing and degree credentials and expedites the subsequent review and decision process. The review committee also reserves the right to ask for a WES ICAP evaluation in other cases where such evaluation is needed to accurately assess the applicant's credentials.
- Official language test TOEFL or IELTS (A) result.
- Statement of Purpose
- Resume
- Official GMAT, or corresponding GRE result (the GMAT can be waived if certain criteria are met).
- Three reference letters, at least one of which is from a professor.
- A completed application
Scholarships
Entrance awards, ranging from $3,000 to $10,000, will be granted to MQIM students based on academic merit. All applicants will be be automatically considered for an entrance award when their application is reviewed for admission. No separate application is required.
Contact us
For more information, Sunil Pathak, Program Officer, mqim@unb.ca
Related: Faculty of Management
