Admission requirements

Master of Science in Quantitative Finance

1.0 DEGREE REQUIREMENTS

1.1 Undergraduate Degree
a) A successfully completed Bachelor’s degree (180 ECTS) with a specialisation (minimum 80 ECTS credits) in one of the following, provided that the combination of courses gives a good foundation for further studies within quantitative finance:

  • Mathematics
  • Statistics
  • Engineering
  • Computer Science
  • Economics
  • Physics

Or

b) A successfully completed Bachelor’s degree (180 ECTS) in the field of business administration with a highly quantitative specialisation (80 ECTS). The business degree must include the following foundation courses, or equivalent:

  • Macroeconomics
  • Microeconomics
  • Finance
  • Statistics or Econometrics

And the following intermediate level courses, or equivalent:

  • Calculus and Linear Algebra


1.2 The Bachelor's degree must include the following courses, or equivalent:                    

  • Calculus and Linear Algebra (intermediate level)
  • Probability and Statistics* 

*Based on an overall assessment, an applicant with a strong quantitative background may receive a conditional offer of admission if this course is lacking in the bachelor’s degree. The applicant will be required to take a course in Statistics before the start of the academic year to fulfill this condition. BI Norwegian Business School offers a preparatory course in Statistics in July/August each year.

 

2.0 PROGRAMME SPECIFIC GRADE REQUIREMENTS

In addition to the admission requirements for all MSc degree programmes, applicants to the MSc in Quantitative Finance programme require:

  • a minimum grade of B in courses of particular relevance to the programme, including Calculus, Linear Algebra, and Statistics. 

 

3.0 OVERALL ASSESSMENT

In the event an applicant does not meet all the minimum requirements, an individual overall assessment will be conducted. Based on an overall assessment of the individual applicant’s admission file, the MSc Admission Committee and/or the Associate Dean may make an offer of admission to an MSc programme. They may approve other documented qualifications to satisfy admission requirements.

 

4.0 LIMITED ENROLMENT

This is a limited enrolment programme. The admission requirements are minimum requirements and do not automatically give applicants a right of admission.  

 

Recruitment and Admission Process

BI is committed to ensuring an international and diverse learning environment in this specialised master's degree programme.

  • Begin accepting applications: November 1, 2017.
  • Offers of Admission will be made on a rolling basis, until study places are filled.
  • Interview may be required.
  • Admission decisions will be made by an Admission Committee
  • The Associate Dean will have the final say on all admission offers.

 

Please note:
The admission requirements above are minimum requirements. We recommend that applicants have a highly quantitative background with basic programming skills, complemented by a foundation in economics and finance, before beginning this programme. To help prepare applicants for the programme, BI Norwegian Business School has compiled this list of reading materials.

Textbooks on Calculus and Linear Algebra:

  • Mathematics for Economists, by Simon, C. P. and L. Blume, 1994. (basic)
  • Further Mathematics for Economic Analysis, by Sydsæter, K., P. Hammond, A. Seierstad, and A. Strom, 2008. (more advanced, chapters 1-12)

Textbooks on Probability:

  • A First Course in Probability, by Sheldon Ross, 8th ed. (basic)
  • Introduction to Probability Models, by Sheldon Ross, 10th ed. (more advanced, chapters 1-5)

Textbooks on Statistics:

  • Mathematical Statistics and Data Analysis, by Rice, J.A., 3rd ed.

Resources on financial accounting and financial management:

 

NB:
Grades are posted using the ECTS scale.
In addition to the general admission requirements for all Master of Science degree programmes, each individual MSc programme has specific curricular requirements you must also fulfil to gain admission.
Admission requirements are subject to change.

 

Applicant Profile

BI Norwegian Business School prides itself on its rigorous academic curriculum and engaging educational experience with career-minded application of theory.

To succeed in the MSc in Quantitative Finance programme, applicants must be highly quantitative and have an interest in the practical application of quantitative subjects in finance.   

Our master’s degree programmes are looking for candidates who demonstrate the following:

  • Global mindset: willingness to experience new cultures, languages, and life outside their comfort zone as demonstrated through exchange semesters, study abroad, global volunteer experiences, etc.
  • Leadership potential: active participation and contribution to extra-curricular activities and volunteer work at school and in the community
  • Academic ability: learns, applies knowledge, and improves academic standing over the course of a programme of academic study