Rutgers University offers a Master of Quantitative Finance program through its Business School located in Newark and New Brunswick. This program lasts for 18 months and is designed to equip students with essential skills in finance and quantitative analysis. The tuition fee for this course is USD 50,754. To gain admission into the Master of Quantitative Finance, applicants must demonstrate their English language proficiency. Accepted tests include IELTS, TOEFL, and PTE.

12th Grade

There is no specific cutoff mentioned for the 12th-grade requirements.

Graduation

Applicants with a three-year Indian bachelor's degree may be seen as equal to a U.S. bachelor's degree without needing evaluation, as long as they earned it in Division I/First Class. The school must be accredited by India's National Assessment and Accreditation Council (NAAC) with at least an 'A' grade. The typical GPA for students admitted to the program is 3.5 or higher. Applicants must have completed one full year of calculus, upper-level probability and statistics, linear algebra, and differential equations.

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GRE

Marks: 167.0

The average GRE scores for students admitted to the program are 167 in quantitative and 152 in verbal.

TOEFL

Marks: 100.0

The average TOEFL score for students admitted to the program is 100.

IELTS

Marks: 7.0

The average IELTS score for students admitted to the program is 7 or above.

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Application Process for Rutgers University MQF Program

Step One: Prepare Your Documents

Essays: All applicants must write a personal essay that includes the following topics:

• Why are you interested in quantitative finance?
• How is your background suitable for quantitative finance?
• Why did you choose the MQF program at Rutgers Business School?
• What are your career goals?
• What steps have you taken to prepare for this program?

CV: You need to submit your current resume.

Step Two: Additional Documents Required

• Academic transcripts
• Official GMAT or GRE scores
• Official English language proficiency scores
• Upload the Financial Affidavit of Support and all financial documents, such as your bank statement, to the application portal.

Step Three: Start Your Online Application

To begin your application, go to the application portal for the MQF program.

Step Four: Application Fees

The application fee for this course is USD 70, which is about INR 5.9 Thousand.

Payment Method: You can pay using a credit card.

Students have the option to pay their fees in installments.

There is also a $50 enrollment fee for each semester.

For Fall Enrollment:

• 5 August: 25% down payment is required. The remaining amount can be paid in 3 equal installments from August to October.
• 5 September: 25% down payment is required. The remaining amount can be paid in 2 equal installments from September to October.

All payments are processed automatically on the 15th of each month.

Step Five: Application Deadline

The deadline for Fall enrollment is 1st May.

Note: The dates provided are tentative and based on previous years. For exact deadlines, it is recommended to consult with an expert counselor.

Calculated at the exchange rate of 1 USD = INR 84.27 | Tuition & expenses were last updated in December 2024"