Admission Requirements

In order to apply for the MSc in Quantitative Finance you have to fulfill the minimum requirements for application and to proof your aptitude for the program. In case one or more of the required proofs are missing, your application has to be rejected.

Minimum requirements for application

1. Relevant Bachelor’s program:

Completion of or enrollment in a relevant Bachelor’s program or other equivalent degree program at a recognized Austrian or foreign post-secondary institution. To be considered relevant, the completed program has to meet the following criteria:

• Relevant Bachelor’s program or other equivalent degree program (worth at least 180 ECTS credits). The Bachelor’s Program in Business, Economics, and Social Sciences at Vienna University of Economics and Business is considered relevant.   
• If you apply with an equivalent degree program, examinations have to be documented in the following subjects:
  • Business administration / economics / finance, worth a minimum of 60 ECTS credits
    
    OR
  • Mathematics / statistics / computing, worth a minimum of 45 ECTS credits

Please note: It is not necessary to have completed this program at the time of application, proof of completion of your first-degree program is not required until actual enrollment. Nevertheless the requirements listed above have to be documented within the uploaded documents.

2. Achievement potential
(please find some examples how to show your achievement potential below):

• Valid GMAT Exam / valid GMAT Online Exam  (official or unofficial GMAT score report) and/or
• Valid Graduate Record Examinations (GRE) and/or
• Letters of recommendation written by a course teacher, an advisor or supervisor of an academic thesis, or the educational institution at which the course or courses were attended or the academic thesis was written, detailing your achievement potential
• Statement of purpose (in addition to one of the above listed proofs)

3. Sufficient proficiency in English:

• English as first language
• A full English-taught bachelor’s program (at least 3 years) or master’s program (at least 2 years); a confirmation from the university is required to prove that the completed program was taught in English. Please note that only an exchange semester or year in an English speaking country or with courses taught in English is not sufficient.
  To be considered official the document has to be stamped and signed by your university.
• Full master’s program done in English (at least two years, university confirmation required)
• One of the following valid certificates (official or unofficial test report): TOEFL 100, TOEFL IBT Home Edition 100, IELTS 7.0 (academic, general or online indicator version), TOEIC 800, Cambridge English: CAE (Certificate of Advanced English), CPE (Certificate of Proficiency in English) or BEC Higher (Business English Certificate Higher), UNIcert III
• A certificate from a university language department confirming the applicant has achieved level C1 according to the Common European Framework of Reference for Languages. The certificate has to prove that you took one or more tests to assess your reading, writing, listening and speaking skills. These skills should correspond to level C1 or higher according to the CEFR. Course transcripts or confirmations about your overall language skills or certain language courses will NOT be accepted as proof of your language skills. If you are not sure whether your language certificate fulfils these criteria, please submit one of the standardized tests mentioned above.
• Graduates of WU’s Bachelor´s program in Business and Economics; Bachelor´s program in Business Law and Bachelor´s program in Business, Economics and Social Sciences already fulfill this requirement.

4. Further skills and knowledge

• Skills and knowledge in business administration / economics / finance
• Skills and knowledge in mathematics / statistics