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Masters in Quantitative Finance Abroad

Master's in Quantitative Finance abroad is a 12–24 month program built for students with a background in mathematics, engineering, economics, or computer science who want to enter high-stakes finance. Wondering how to turn analytical skills into a global career? This degree combines financial theory, coding, and statistics to prepare you for roles in trading, risk analytics, and financial modeling. Core subjects span derivatives pricing, algorithmic trading, and quantitative research. 

With starting salaries between USD 85,000–100,000 (₹70–83 lakhs), these programs attract students aiming for top firms in New York, London, or Singapore. This page covers quantitative finance master’s programs overseas, admission steps, internships, and job prospects.

Looking to master finance on a global stage? Explore Master’s programs in Accounts and Finance, Banking and Finance, or MBA in Finance for a strong career in quantitative finance.
Also see: Bachelor’s in BBA Finance if you’re building from the ground up.
Check out: Master’s in Financial Analysis

Unsure about your degree direction?
Explore: Master's in Finance from Abroad
You might also like: MBA in Finance Abroad

As of January 2024, over 1.3 million Indian students were studying abroad, with Canada hosting the highest number at 427,000. The USA, UK, and Australia followed closely, reflecting key global education hubs for Indian graduates. 

Highlights: Master's in Quantitative Finance Abroad

Feature Details
Course Duration 12–24 months
Common Backgrounds Mathematics, Engineering, Economics, Computer Science
Core Subjects Derivatives, Risk Management, Financial Modelling, Python, R, Stochastic Calculus
Top Specializations Financial Engineering, Computational Finance, Algorithmic Trading, Risk Analytics
Average Starting Salary USD 85,000–100,000 (₹70–83 lakhs)
Popular Study Destinations USA, UK, Germany, Canada, Singapore
Internship Opportunities Yes, most programs include summer internships or capstone projects
STEM-Eligible (USA) Yes – Optional Practical Training (OPT) for up to 3 years

Comparing study destinations?
Check out: Best Countries to Study MBA Abroad
Helpful read: Best Education Systems in the World

Best Countries to Study Master's in Quantitative Finance Abroad

Countries like the USA, UK, Germany, Canada, and Singapore consistently rank among the best for a Master's in Quantitative Finance abroad. These destinations offer access to top financial hubs, leading quantitative finance master's programs overseas, and specialized tracks in financial engineeringcomputational finance, and risk analytics.

Universities for Master's in Quantitative Finance Abroad by Country

Country Top Universities Offering Quantitative Finance Programs
USA MIT, NYU (Courant), Columbia, UC Berkeley, Carnegie Mellon (Tepper), Princeton
UK London School of Economics (LSE), University of Oxford, Imperial College London, University of Warwick
Germany Frankfurt School of Finance, University of Mannheim, TU Munich
Canada University of Toronto (Rotman), University of British Columbia (UBC), McGill University
Singapore National University of Singapore (NUS), Nanyang Technological University (NTU), Singapore Management University (SMU)
Switzerland University of Zurich, ETH Zurich, University of St. Gallen

Many of these countries also support internship opportunities in quantitative finance abroad through capstone projects and summer placements.

So, if you're planning to specialize in computational finance master's programs in Europe or want a career in financial engineering, choose a country that aligns with your long-term goals and offers real-world market exposure.

Wondering about admission challenges?
Interesting read: Toughest Exams in the World

Top-Ranked Universities for Master's in Quantitative Finance Abroad

The best quantitative finance master's programs overseas are offered by top global universities known for strength in financial mathematics, risk analysis, and computational finance. These institutions offer specialised electives in algorithmic tradingderivatives pricing, and quant modeling—and are consistently ranked for academic excellence and global employability.

Best Universities for Master’s in Quantitative Finance Abroad

University (Location) QS Global Finance Rank 2025 Estimated Annual Tuition (INR)
University of Oxford (Said), UK 1 ₹50–55 lakhs
HEC Paris, France 2 ₹35–40 lakhs
MIT Sloan, USA 3 ₹65–70 lakhs
London Business School, UK 4 ₹50–60 lakhs
University of Cambridge (Judge), UK 5 ₹50–55 lakhs
UC Berkeley (Haas), USA 6 ₹60–65 lakhs
ESSEC Business School, France 7 ₹30–35 lakhs
Yale School of Management, USA 8 ₹65–70 lakhs
London School of Economics (LSE), UK 9 ₹40–45 lakhs
UCLA Anderson, USA 10 ₹55–60 lakhs

Fees are approximate annual totals and may vary by intake year, scholarship, or residency status. Rankings based on QS and program-specific financial engineering reputations.

Course Structure of Quantitative Finance Master's Programs Abroad

Top quantitative finance master's programs overseas combine financial theory, applied mathematics, and coding. Courses are structured to prepare students for quant-driven roles in global finance, fintech, and risk management.

Common Subjects Covered:

Core Topics Tools Used
Derivatives & Pricing Python, R, MATLAB
Risk Management Excel VBA, SQL
Financial Econometrics Bloomberg Terminal
Quantitative Portfolio Theory Python libraries (Pandas, NumPy)
Machine Learning for Finance Scikit-learn, TensorFlow

Programs often include a research thesis or a capstone project in the final semester.

Intakes and Duration of Master’s in Quantitative Finance Abroad

Most quantitative finance master's programs abroad accept students in September (Fall intake). Some European and Asian universities also offer a January or Spring intake, though seats are limited.

Country Duration Main Intake
USA 18–24 months September
UK 12–18 months September
Canada 16–24 months September
Germany 18–24 months October
Singapore 12–18 months August/January

Pointers:

  • Apply 8–10 months in advance to meet scholarship and visa deadlines
  • January intake is often limited to a few schools in Europe or Asia
  • Duration may vary based on part-time vs full-time or internship inclusion

Eligibility for Master's in Quantitative Finance Abroad

Top quantitative finance master's programs overseas are highly selective and require a strong foundation in mathematics, programming, and finance. Most applicants come from technical or quantitative undergraduate backgrounds and must show they’ve completed core coursework relevant to financial modeling and analytics. Without this, it becomes difficult to keep up with the pace of programs in the USA, UK, Europe, or Singapore.

Admission Criteria for International Quantitative Finance Programs

Eligibility Criteria Details
Accepted UG Backgrounds Maths, Statistics, Engineering, Computer Science, Finance, Physics
GPA Requirement Minimum 3.0/4.0 or First Class (60–65%+ for Indian students)
Required Coursework Calculus, Linear Algebra, Probability, Statistics, Programming (Python/C++)
GRE/GMAT Expectations GRE often preferred (Quant score 160+); not mandatory everywhere
English Proficiency Scores IELTS 6.5–7.0 or TOEFL iBT 90–100

If your degree lacked advanced math or coding modules, you may need to complete a bridging course.

Need help with your application?
Start here: Statement of Purpose for MBA
Also see: Letter of Recommendation for Master's

Admission Process for Master's in Quantitative Finance Abroad

The admission process for quantitative finance master's programs overseas focuses on both academic ability and quantitative reasoning. Most universities require a clear, technically sound SOP, two LORs highlighting analytical skills, and a portfolio of projects or internships in data sciencemodeling, or financial engineering. Timely applications are critical, especially for scholarship consideration.

Application Steps for Quantitative Finance Master's Programs Abroad

 

Cost of Studying Master's in Quantitative Finance Abroad

The total cost of studying Master’s in Quantitative Finance abroad can range between ₹8 lakhs to ₹17 lakhs per year—excluding tuition. These costs include living expenses, student health insurance, international travel, and access to premium finance software. While the USA and UK tend to have higher living costs, countries like Germany, Singapore, and Canada offer more affordable options with comparable quality in financial mathematics programs and quantitative investment strategies education.

Estimated Annual Cost of Studying Financial Engineering Abroad

Country Living + Travel + Tools (INR) Tuition Expense (INR)
USA ₹11.7–16.7 lakhs ₹30–45 lakhs per year
UK ₹11.6–15.6 lakhs ₹22–35 lakhs per year
Germany ₹7.9–9.9 lakhs ₹0–3 lakhs per year (public unis)
Singapore ₹8.7–11.2 lakhs ₹18–28 lakhs per year
Canada ₹8.5–12 lakhs ₹20–30 lakhs per year

Figures are indicative. Tuition varies by university. Public institutions in Germany charge minimal or no tuition, while top US schools are the most expensive overall.

Non-Tuition Expenses for Quantitative Finance Students

Expense Type Estimated Range (Annual) Remarks
Student Housing + Food ₹6.5L – ₹12L Depends on city, type of accommodation
Software & Tools ₹60K – ₹1L MATLAB, Bloomberg, R, Python subscriptions
Student Insurance ₹40K – ₹80K Mandatory in most countries
Travel & Visa ₹50K – ₹1L One-way airfare + visa and admin costs

Students opting for programs in top global hubs like London or New York should budget on the higher end due to local costs.

Scholarships for Master's in Quantitative Finance Abroad 

Many international students fund their Master’s in Quantitative Finance abroad through merit-based scholarships, teaching assistantships, and finance-specific fellowships. These awards are highly competitive and often tied to early deadlines or outstanding academic performance. Some universities also offer funding tied to diversity, research projects, or need-based aid.

Scholarships for Quantitative Finance Master's Students

Scholarship Type What It Covers Eligibility Tips
Merit-Based Scholarships Partial to full tuition fee waivers Apply early, maintain GPA ≥ 3.5, strong quant/math background
Finance/Quant-Specific Fellowships Targeted at students in computational finance or risk analytics Available in US, UK, Singapore top programs
Research/TA Assistantships Monthly stipends + tuition discounts Offered by US/Canada programs with strong math departments
Diversity or Women in STEM Awards Tuition + travel coverage (partial) Offered by LSE, Columbia, NTU, UBC for women and minority groups
Need-Based Aid Partial tuition or living cost grants Case-by-case evaluation; mostly in Canada and Germany

Always check university deadlines—funding applications often close 2–3 months before regular admission deadlines.

Thinking about funding options?
Explore: Education Loan for Study Abroad
You might also like: Scholarships to Help You Fulfill Your Dreams

Jobs After Master's in Quantitative Finance Abroad

Graduates of a Master's in Quantitative Finance abroad are hired into high-paying roles across investment banks, hedge funds, fintech firms, and consulting companies. These positions require fluency in Python, R, and SQL, and involve skills like derivatives pricingrisk modeling, and algorithmic strategy development. The average starting salary ranges from USD 90,000 to 120,000 (₹75–100 lakhs), with top employers paying more in global financial hubs.

Career Roles in Quantitative Finance

Job Role Skills in Demand
Quantitative Analyst (Quant) Python, R, stochastic calculus, C++
Risk Modeller / Credit Analyst VaR, risk engines, Excel/VBA, SQL
Algorithmic Trader Python, low-latency C++, market data
Portfolio Manager (Data-Driven) Asset pricing, ML, strategy backtests
Financial Data Scientist Python, AI/ML, APIs, cloud analytics

Country-Wise Average Salary After Master’s in Quantitative Finance Abroad

Country Average Salary (USD/year) Equivalent in INR (approx.)
USA $95,000–120,000 ₹79–100 lakhs
UK £50,000–70,000 ₹52–73 lakhs
Germany €55,000–75,000 ₹49–67 lakhs
Canada CAD 75,000–95,000 ₹46–58 lakhs
Singapore SGD 70,000–100,000 ₹43–61 lakhs

Salaries vary based on role, company, and prior experience. Hedge funds and trading firms often pay at the higher end.

Top Employers for Financial Engineering Graduates

  • Investment Banks: JPMorgan, Goldman Sachs, Morgan Stanley
  • Hedge Funds: Citadel, Two Sigma, Renaissance Technologies
  • Fintechs: Stripe, Revolut, Robinhood, Klarna
  • Consulting Firms: McKinsey, BCG Gamma, Deloitte Risk Analytics
  • Tech + Finance Hybrids: Amazon AWS FinOps, Bloomberg, Numerai

Most roles require coding tests, financial case studies, or take-home assignments in Python or R as part of hiring.

Career Path After Master's in Quantitative Finance Abroad for Indian Students

The transition from a Master's in Quantitative Finance abroad to a full-time job typically follows a structured path: internships, technical screenings, and employer-specific visa sponsorship. Coding fluency is non-negotiable, and many Indian students also pursue CFA or CQF certifications alongside or post-graduation to strengthen their profiles in risk analytics or portfolio optimization.

Career Path After Master’s in Quantitative Finance Abroad: Step-by-Step

Career Stage Key Steps for Indian Students
During Program Secure internships, complete Python/R-based projects, build GitHub repo
Before Graduation Apply for quant roles, pass coding interviews, network via finance events
Certifications CFA (Levels I–II) or CQF for edge in valuation, derivatives, risk
Post-Graduation Work Apply under OPT (USA), Graduate Route (UK), or Job Seeker (Germany)
Returning to India Join quant teams in Mumbai, Gurugram, or Bangalore (banks, analytics)

Hiring Demand and Visa Options for Quant Finance Graduates

Country Post-Study Stay-Back Visa Pathways
USA 3 years (STEM OPT) H1B, CPT/OPT, employer-sponsored green card
UK 2 years (Graduate Route) Skilled Worker Visa, High Potential Individual Visa
Germany 18 months EU Blue Card, Job Seeker Visa
Canada 3 years (PGWP) Express Entry, Provincial Nominee Program (PNP)
Singapore 12–24 months (S Pass/E Pass) Employer-sponsored PR possible after 2–3 years

Is Master's in Quantitative Finance Abroad Worth It for Indian Students?

Master's in Quantitative Finance abroad is a smart choice for Indian students aiming for high-growth roles in global finance and data-driven investing. The program builds technical skills in coding, modeling, and analytics—core requirements for quant jobs. With strong stay-back options in the US, UK, and Europe, it offers both career flexibility and high earning potential. It’s ideal for those serious about combining math with finance.

Want help selecting the right quantitative finance course abroad? Speak to an expert through free counseling today.

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15 results found

MSc Quantitative Finance

University of Manchester, UK

  • DURATION
    1 Year
  • FEES
    INR 29.22L/yr
  • EXAMS
    IELTS-7.0
  • INTAKE SESSION
    SEP 2025
View details

Quantitative Finance and Risk Management MSc

Newcastle University, UK

  • DURATION
    1 Year
  • FEES
    INR 24.37L/yr
  • EXAMS
    -
  • INTAKE SESSION
    SEP 2025
View details

Master of Data Science in Quantitative Finance

University of Technology Sydney (UTS), Australia

  • DURATION
    2 Years
  • FEES
    INR 54.81L (Total)
  • EXAMS
    IELTS-6.5
  • INTAKE SESSION
    AUG 2025
View details

Quantitative Finance MSC

Lancaster University, UK

  • DURATION
    1 Year
  • FEES
    INR 25.57L/yr
  • EXAMS
    -
  • INTAKE SESSION
    -
View details

Master of Science in Quantitative Finance

Queens University Belfast, UK

  • DURATION
    1 Year
  • FEES
    INR 21.66L/yr
  • EXAMS
    IELTS-6.5
  • INTAKE SESSION
    SEP 2025
View details

MSc Quantitative Finance and Mathematics

Heriot-Watt University, UK

  • DURATION
    1 Year
  • FEES
    INR 22.08L/yr
  • EXAMS
    -
  • INTAKE SESSION
    SEP 2025
View details

MSc Quantitative Finance

University of Strathclyde, UK

  • DURATION
    1 Year
  • FEES
    INR 25.79L/yr
  • EXAMS
    -
  • INTAKE SESSION
    SEP 2025
View details

Quantitative Finance MSc

City, University of London, UK

  • DURATION
    1 Year
  • FEES
    INR 29.72L/yr
  • EXAMS
    IELTS-7.0
  • INTAKE SESSION
    SEP 2025
View details

Finance (MS) - Investment Management and Quantitative Finance Track

University of Massachusetts Boston, USA

  • DURATION
    1 Year
  • FEES
    INR 30.34L/yr
  • EXAMS
    IELTS-6.5
  • INTAKE SESSION
    SEP 2025
View details

Master of Science in Quantitative Finance (MSQF)

Drexel University, USA

  • DURATION
    1 Year 6 Months
  • FEES
    INR 39.30L/yr
  • EXAMS
    -
  • INTAKE SESSION
    -
View details

Master of Science in Quantitative Finance and Risk Management

Temple University, USA

  • DURATION
    1 Year 9 Months
  • FEES
    -
  • EXAMS
    -
  • INTAKE SESSION
    -
View details

Master of Science in Quantitative Finance

University of Texas at Arlington, USA

  • DURATION
    -
  • FEES
    -
  • EXAMS
    -
  • INTAKE SESSION
    -
View details
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All information provided on this page is for general use and upGrad Abroad is not responsible for any errors or omissions. The Universities involved in this Program are accredited/recognized in the countries where they are established. Relevant terms and conditions apply.Any action taken upon the information found on this website is strictly at your own risk.

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