Master of Quantitative Finance

Advance Your Quantitative Finance Career

Maryland Smith’s Master of Quantitative Finance (MQF) program allows you to put your quantitative, technology and problem-solving skills to full use as you guide companies toward making strategic financial decisions. You’ll gain in-depth, specialized knowledge of financial markets, institutions and the latest analytics techniques. Our MQF students are methodical problem solvers who are highly proficient in statistics, calculus and other quantitative subject areas.

 

Learn More About Our Programs

 
In-person program in College Park for experienced professionals Fully online MBA program with in-person opening/closing residencies Fully online Masters of Science program In-person core at one of 3 campuses with flexible electives
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In order to provide a healthy and safe environment for every member of our campus community, UMD's masking policy — announced August 6, 2021 — requires everyone to wear a mask in public indoor spaces and on Shuttle-UM buses, regardless of vaccination status.

Why Get a Smith Master of Quantitative Finance Degree?

Maryland Smith’s MQF prepares you to excel in the challenging, specialized quantitative roles within financial institutions. Your experience in the program helps refine your critical thinking and technological skills, positioning you to stand out when seeking future opportunities.

Manage Maryland’s Global Equity Fund

Manage $500,000 of the university’s endowment fund with your peers.

Use Cutting-Edge Technology

Gain access to cutting-edge analytics resources to refine your programming, data management and global investment skills.

Solve Complex Finance Challenges

Participate in case competitions and network with major employers who hire our students.

Alumni Profiles

Our MQF students pursue competitive and exciting opportunities in their fields after graduating. Their experiences at Maryland Smith help them to expand their network, solidify their career goals and prepare them to perform their job responsibilities a step above the rest.

“When I first came to Smith, what stood out to me most was that the student-run clubs came together to make our experience better professionally and personally. Everyone looked out for us.”

Poulami Ghosh
Master of Quantitative Finance ’21
Financial Risk Modeling Analytics Associate, PwC

“The logic behind many programming languages is connected. I came into the program already familiar with Java and C+ from my computer engineering background. It felt easier to transfer that knowledge when learning new languages for finance, like Python and R..”

Wenrui Liu
Master of Quantitative Finance ’20
Credit Analyst, Ivy Direct

“As a finance student, I’m representing Smith in the CFA Institute Research Challenge. It is a competition where my team and I have the chance to compete with other students from around the world.”

Xiaotong Zhang
Master of Quantitative Finance ’21

Master of Quantitative Finance at a Glance

3 or 4
Semesters
36
Credits
Average tuition money saved by pursuing a business master’s degree through the Plus 1 program compared with a traditional graduate program path.

Available as a Plus 1 Program

If you’re a current University of Maryland freshman, sophomore or junior, you can pursue your Master of Quantitative Finance degree through the Plus 1 program. You'll save time and thousands of dollars on graduate tuition though this accelerated business master’s program.

Learn More: Plus 1 Program

Apply and Receive Admissions Benefits

Maryland Advantage can make it easier for applicants who have completed their undergraduate and/or graduate degree in the United States to transition into the business master’s program by helping them save money on tuition, skip graduate entrance exams and get personalized career counseling before starting their program.

Learn More: Admissions

Advanced Skills You’ll Use

As an MQF student, you’ll lean into a wide range of concepts ideal for a career in corporate finance, risk management or asset management. You’ll put your quantitative skills to full use as you explore concepts and tools, such as:

Industry-Specific Tools and Skills:

  • Big data and machine learning in finance
  • Financial data analytics
  • Financial programming
  • Python, R and SAS
  • Risk modeling

Key Topics:

  • Financial engineering
  • Financial programming
  • FinTech
  • Institutional asset management
  • Numerical methods and simulation
  • Portfolio management
  • Quantitative investment
  • Textual analysis

Learn from Expert Faculty

Your professors are industry experts and scholars who are invested in your success and will challenge you to take your skills to the next level. They are well-connected business leaders who offer guidance as you navigate through your professional journey.

Former Finance Executive at Citigroup, Freddie Mac, Fannie Mae and Washington Mutual.

Expert in Risk Management, Bank Capital Issues and Housing Finance Reform.

Cliff Rossi

Founding executive director of the Federal Statistical Research Data Center at Maryland Smith.

Expert in mergers and acquisitions, investments, and corporate governance.

Liu Yang

Former fixed income arbitrage and asset management executive at Goldman Sachs.

Creator of the Heston model - an asset volatility model widely used in the finance community.

Expert in financial derivatives and investment strategies.

Steve Heston

Academic Director

Liu Yang
Academic Director, Master of Finance & Master of Quantitative Finance Programs
lyang@rhsmith.umd.edu

Faculty

Where Your Degree Can Take You

$85K
Average starting salaries of our MQF grads
49%
Employers projected to hire candidates with a master’s degree in finance in 2021
65%
Percentage of quantitative analysts with a master’s degree

Sources: GMAC, Maryland Smith’s Office of Career Services 2020 reporting; U.S. Bureau of Labor Statistics, Occupational Information Network

Picture Yourself in These Job Roles

Data Analytics

Financial Analyst

Financial or Securitization Consultant

Financial Engineer

Economic or Statistical Research

Research Analyst

"The MQF program has not only deepened my understanding of equity market dynamics and big data analytics in finance, but also cultivated the curiosity and relentlessness within me.”

Emma Li
Master of Quantitative Finance ’19
Analyst, BlackRock

Businesses who have hired our Master of Quantitative Finance Grads

Boost Your Professional Skills 

Maryland Smith’s Office of Career Services (OCS) can help you bridge the gap between being a student and an employed professional. You’ll have one-on-one access to a career coach who will provide you with personalized tips on how to articulate your strengths when interacting with your future employer.

Learn More: Office of Career Services

Connect With Your Classmates

You’ll have plenty of opportunities to make connections at Smith and engage in exciting social activities through the Smith Masters Student Association. You can join an accounting-related club or others that provide you with general connections and skills.

Learn More: Smith Masters Student Association

Contact Us

Business Master's Office
2303 Van Munching Hall
College Park, Maryland 20742-1815
Phone: 301-405-2559
E-mail: SmithMasters@umd.edu
Hours: 8:30 a.m. to 4:30 p.m. Monday-Friday

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