Master of Science [M.S] (Quantitative Finance)
16 months
Full Time
On Campus
Ranked #201 out of 1501 by THE Global Ranking 2023
$19,552 /Yr
CA$27,156 /Yr
1 Students Applied
1 Students Admitted
Important Alert
- Application Deadline For Fall 2026 Intake - Jan 15, 2026
Tuition Fees
| Year | 1st Year Fees |
|---|---|
| Tuition Fees | $19552 (CAD 27156) |
Other Expenses
| Head | Avg Cost Per Year |
|---|---|
| Housing | $8208 (CAD 11400) |
| Food | $3326 (CAD 4620) |
Previous Year Tuition Fees
| Year | 1st Year Fees |
|---|---|
| 2022 | $18619 (CAD 25860) |
| 2021 | $6448 (CAD 8955) |
Important Dates
| Event | Application Date |
|---|---|
| Application Deadline For Fall 2026 Intake | Jan 15, 2026 |
M.S. Quantitative Finance from University of Waterloo Overview
Master of Science in Quantitative Finance from the University of Waterloo is a 16 Months Graduate Program offered through the Faculty of Mathematics and the School of Accounting and Finance. Applications for this program are accepted once a year, with a priority application deadline of 15th January 2026 for Fall 2026 Intake. The University of Waterloo accepts various English proficiency exams such as IELTS, TOEFL, PTE, and Duolingo for international student admission. Indian students with an admission average of 90% or above are eligible for the International Student Entrance Scholarship worth $10,000.
M.S. Quantitative Finance from University of Waterloo Fees
The annual cost of pursuing the M.S. Quantitative Finance program at the University of Waterloo is approximately $38,644, which includes $27,156 in tuition fees and an estimated cost of $11,488 for living expenses, inclusive of housing ($11,400), food ($4,620), transportation ($336), and other living expenses ($6,132).
M.S. Quantitative Finance from University of Waterloo Module
The M.S. Quantitative Finance from University of Waterloo includes the following modules:
| Term | Course Code | Course Title |
|---|---|---|
| Term 1 | ACC 770 / ACTSC 970 | Finance 1 – Foundations of Finance (no-arbitrage theory, risk management, portfolio selection)uwaterloo.ca |
| Term 1 | ACTSC 969 | Stochastic Calculus for Quantitative Financeuwaterloo.ca |
| Term 1 | STAT 850 | Estimation and Hypothesis Testinguwaterloo.ca |
| Term 2 | ACC 771 / ACTSC 971 | Finance 2 – Asset Pricing, Financial Applications of Machine Learning (continuous-time finance, interest rate models)uwaterloo.ca |
| Term 2 | Elective (1 of 2) | Elective course (chosen with advisor)uwaterloo.ca |
| Term 2 | Elective (2 of 2) | Elective course (chosen with advisor)uwaterloo.ca |
| Term 3 | – | Industry Internship (mandatory practical placement)uwaterloo.ca |
| Term 4 | ACC 772 / ACTSC 972 | Finance 3 – Current Topics in Financeuwaterloo.ca |
| Term 4 | STAT / ACTSC 974 | Financial Econometricsuwaterloo.ca |
| Term 4 | STAT 906 | Computer-Intensive Methods for Stochastic Models in Financeuwaterloo.ca |
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Eligibility & Entry Requirement
| Category | Details |
| School | School of Accounting and Finance (SAF) |
| Academic Requirement | A four-year honours degree, or equivalent, with at least a 80% average is required or a three-year degree, or equivalent, with at least a 80% average. |
| Course Duration | 16 Months |
| Total Credits | 120 |
| English Language Proficiency Score |
|
| Documents Required |
|
| Application Fee | 125 CAD |
| Applications Link | Application Link |
| Decision Time | Between 8-10 weeks |
| Interview | Online Interview |
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Scores Required
Finance 151 out of 351 in Global Ranking
( #5 out of 14 in Canada 2024)
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TOP Scholarships
| Scholarship name | Award amount | Eligibility |
|---|---|---|
| International Student Entrance Scholarship | 10000 | Admission average of 90% or above will be considered |
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College Student Profiles
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Scholarship Grants & Financial Aids
| Name | Scholarship Per Student | Level of Study | Type | |
|---|---|---|---|---|
| The Anish Chopra Masters of Accounting Scholarship | Scholarship per student$ 3,600/Yr$5,000 | Level Of StudyMaster | TypeAwards | |
| University of Waterloo Merit Scholarship | Scholarship per student$ 720/Yr$1,000 | Level Of StudyBachelor | TypeAwards | |
| Waterloo Women in Mathematics Graduate Scholarship | Scholarship per student$ 2,160/Yr$3,000 | Level Of StudyDoctorate | TypeCollege-Specific | |
| UWaterloo Millennium Graduate Bursary | Scholarship per studentVariable Amount | Level Of StudyDoctorate | TypeBursary | |
| Hira and Renu Ahuja International Graduate Scholarship | Scholarship per student$ 7,200/Yr$10,000 | Level Of StudyDoctorate | TypeCollege-Specific | |
| Waterloo Graduate Scholarship | Scholarship per student$ 720/Yr$1,000 | Level Of StudyDoctorate | TypeCollege-Specific |
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