Quantitative Finance and Risk Management MS


Learn more about the Master of Science in Quantitative Finance and Risk Management.

About the Program

Through the Master of Science in Quantitative Finance and Risk Management, students develop expertise in quantitative modeling, risk management and data science principles and in the best industry practices driving the financial services industry today. This 30-credit master’s degree program is the only one in the Greater Philadelphia region offering the ideal way to pursue the professional Financial Risk Manager (FRM) designation and a prestigious master’s degree simultaneously.

Time Limit for Degree Completion: 6 years

Campus Location: Main

Full-Time/Part-Time Status: Full-time students are able to complete the degree program in 10 or 22 months, while part-time students taking 8 or fewer credits per term are able to complete the program in two years.

Affiliation(s): Research interests of Fox faculty are supported by numerous centers and institutes throughout the Fox School and Temple University.

Accreditation: The MS in Quantitative Finance and Risk Management is accredited by the Association to Advance Collegiate Schools of Business (AACSB International).

Job Prospects: The Fox Center for Student Professional Development (CSPD) provides students with career coaching and professional development resources that support the job search. Graduates are distinctly qualified to contribute in quantitative analysis areas in the financial services industry, including financial modeling, financial risk management, information technology, portfolio management and securities trading roles.

Non-Matriculated Student Policy: Students are not allowed to take classes under non-matriculated status.

Financing Opportunities: Citizens and permanent residents of the United States are considered domestic students and are typically eligible for federal student loans and alternative loans through private lenders. The Fox School grants 5% tuition scholarships to alumni who are admitted to the program.

Admission Requirements and Deadlines

Application Deadline:


  • December 15 – Early Admissions Deadline
  • March 1 – Scholarship Deadline and International Deadline
  • June 30 – Final Deadline

Applications are reviewed as they are received and will be considered after the deadline on a space-available basis.

APPLY ONLINE to this Fox graduate program.

Letters of Reference:
Number Required: 1

From Whom: Academic references and/or professional references from an immediate supervisor, current or past, are accepted.

Coursework Required for Admission Consideration: Coursework is required in multivariate calculus (Calculus 3) with a grade of "B" or better earned.

Bachelor's Degree in Discipline/Related Discipline: The equivalent of a four-year U.S. baccalaureate degree from an accredited university or college is required. For three-year degrees, mark sheets must be evaluated by WES or another NACES organization.

Statement of Goals: Essay prompts can be found in the application portal.

Standardized Test Scores:
GMAT/GRE: Scores may be requested based on the applicant's academic and/or professional background. Candidates with an undergraduate GPA below 3.0 are required to submit valid GMAT or GRE test scores. Consult an admissions advisor with any questions.

Applicants who earned their baccalaureate degree from an institution where the language of instruction was other than English, with the exception of those who subsequently earned a master’s degree in a country where the language of instruction is English, must report scores for a standardized test of English that meet these minimums:

  • TOEFL iBT: 90
  • IELTS Academic: 7.0
  • Duolingo: 110
  • PTE Academic: 68

Resume: Current resume or CV is required.

Transfer Credit: Transfer credit is not accepted for the Quantitative Finance and Risk Management MS program.

Program Requirements

General Program Requirements:
Number of Credits Required Beyond the Baccalaureate: 30

Required Courses:1

Year 1
FallCredit Hours
Finance Academy, August 
FIN 5602Corporate Finance1
FIN 5604Derivative Markets1
FIN 5605Fixed Income1
FIN 5607Stochastic Calculus & Finance1
Fall Term 
FIN 5601Financial Technology1
FIN 5612Asset Pricing1.5
FIN 5614Continuous Time Finance1.5
FIN 5615Data Science in Finance1.5
FIN 5619Quant Fixed Income1.5
FIN 5624Numerical Methods1.5
FIN 5627Financial Econometrics1.5
FIN 5629Value at Risk1.5
FIN 5673Financial Risk Management I1.5
FIN 5675Professional Development1
 Term Credit Hours18
FIN 5622Machine Learning in Finance1.5
FIN 5631Financial Time Series1.5
FIN 5634Stochastic Volatility1.5
FIN 5639Quantitative Risk Modeling1.5
FIN 5646Frontiers in Quantitative Finance1.5
FIN 5648Quantitative Portfolios1.5
FIN 5649Enterprise Risk Management1.5
FIN 5674Financial Risk Management II1.5
 Term Credit Hours12
 Total Credit Hours: 30

Culminating Events: Successful completion of coursework is required to earn the MS in Quantitative Finance and Risk Management degree.


Program Web Address:


Department Information:

Fox School of Business and Management

1801 Liacouras Walk

701 Alter Hall (006-22)

Philadelphia, PA 19122




Fax: 215-204-1632

Submission Address for Application Materials:


Department Contacts:

Academic Director:

John Soss, CFA, FRM



Specialized Master’s Programs Coordinator:

Rachel Carr

Senior Associate Director for Specialized Master’s Programs