Selection Process for the Master of Quantitative Finance Program

The Master of Quantitative Finance is a small program, admitting 15 to 20 students per year. Since we typically receive many applications for the program from qualified individuals, the competition is quite rigorous and standards are high.

Applications Reviewed

After the January 15th deadline, all applications are reviewed by the Admissions Committee who look closely at transcripts, supplemental information forms, references and resumes.
From this review a short list of applicants are selected to write the entrance test.

Entrance Test - early February

This is a 2 hour diagnostic test with questions on a wide range of topics including: mathematics, statistics and finance as well as some relating to career goals.
For individuals in the Kitchener-Waterloo or Greater Toronto Area it is expected that they will write the test at the University of Waterloo.
Applicants at significant distances complete their entrance test on-line. Internet access is required and password/log on information is provided.
For individuals writing on-line test where time zones require adjustment ---time and date will be arranged at the time you are short-listed.
The format of the test is a series of multiple choice, short answer and short essay questions involving some problem solving.

Interview

From those who write the entrance test another screening is made and selected applicants are then interviewed by the Committee. For applicants at a distance the interview is conducted by telephone.

Reading List

A list of topics and resources may be found at Recommended Reading

Admission Offers

The Admissions Committee is comprised of faculty members who teach in the program or supervise students and is chaired by the Director of the Program.

Admission offers are sent to the successful applicants in mid March.