Master of Quantitative Finance

Vienna University of Economics and Business
Quantitative Finance
Masters
Business & Management
Public University
Austria

The Master of Quantitative Finance at Vienna University of Economics and Business (WU Vienna) is a 2-year, 120-credit full-time master’s programme taught in English in Vienna, with October intake. It sits within Business & Management and covers mathematical theory, statistics, modelling and quantitative methods. Students combine core courses with specialised electives, and the programme builds toward a master’s thesis or research project. Vienna University of Economics and Business (WU Vienna) is Austria’s largest business university. The programme is aimed at students who want a rigorous grounding in this field in an international classroom. Listed tuition is about €1,453 per year.

Course Details

Category	Details
Time	Full Time
Campus	Vienna
Duration	2
Deadline-Date	8-March,
Fee Per Year	1453
Application Fee	Most public universities in Austria do not charge a general direct application fee, though some specific programs or entrance examinations cost around €50
Currency	euro
Intake Link	https://www.wu.ac.at/studium/bewerbung-und-zulassung/
Deadline Link	https://www.wu.ac.at/studium/bewerbung-und-zulassung/
Intakes	October
Program language requirement	TOEFL 100 / TOEFL IBT Home Edition 100 (official or unofficial test report) (C1) IELTS 7.0 [(Online) Academic Version] (official or unofficial test report) (C1) Cambridge English: CAE (Certificate in Advanced English), CPE (Certificate of Proficiency in English), BEC Higher (Business English Certificate Higher) (C1) UNIcert III(C1) Oxford Test of English Advanced (at least 150 points-C1): This exam is offered, among others, by WU Business Language Center C1-level certificate issued by a university language center, according to the Common European Framework of Reference for Languages

Who can Choose this program?

You need a Bachelor’s degree in Quantitative Finance, Financial Mathematics, Mathematics, Statistics, Physics, Economics (with strong quantitative focus), Engineering (with quantitative finance focus), Computer Science (with data science/math focus), or Business Informatics (with strong math).

Additional Information

Category	Details
Scope of the program	Graduates of the Master of Quantitative Finance can find work in finance, insurance, technology and research. Typical roles include mathematician, statistician, quantitative analyst. Graduates can pursue doctoral research or enter the job market directly. International graduates can explore both the Austrian and wider European job markets. The degree builds analytical thinking, subject expertise and the ability to work in international, interdisciplinary teams.
Program entry requirement	Relevant Bachelor's program: The program must comprise at least 180 ECTS credits (corresponding to three academic years). Business administration / economics / finance, worth a minimum of 60 ECTS credits OR Statement of purpose
Required GPA	Bachelor’s: CGPA of 2.5 or equivalent (may vary by program).
GRE Required	Programme-dependent: a GMAT or GRE score is required or recommended for some WU master's programmes (for example the selective international tracks); check the programme page
GMAT Required	Programme-dependent: a GMAT or GRE score is required or recommended for some WU master's programmes (for example the selective international tracks); check the programme page
Application Process	Admission Checklist Completed university application form All academic transcripts (officially translated into English or German) Passport/Travel document ID Photo LOM / SOP Proof of English/German language proficiency Proof of financial support Any other required documents depending on the University Documents Legalization is must before applying in most of the universities IBCC, HEC, MOFA Attestation is also required before applying in universities. Bank Statement 10K to 12K Euros Process time 6 to 8 months
Available Scholarships	https://studyabroadupdates.com/austrian-government-scholarships/
Program accreditation	Public university under the Austrian Universities Act; degrees are officially recognised in Austria, and quality is assured through institutional quality audits rather than separate programme accreditation; WU holds the triple accreditation of AACSB, EQUIS and AMBA
Living expenses	Living Expenses in Austria Monthly Budget: Generally estimated at €900 to €1,200 per month in mid-sized cities (like Graz or Linz), while living in Vienna usually demands €1,100 to €1,400 per month to live comfortably. Accommodation: Student dormitories are the most cost-effective option, averaging €250 to €450 per month including utilities. Private apartments or shared flats (WG) range higher. Visa Proof of Funds: To clear the student residence permit requirements, you must demonstrate access to a baseline liquidity of approximately €12,000 for one academic year (~€1,000 per month) parked in an accessible or blocked bank account.
Visa Process Details	Visa Checklist Passport (valid for a minimum of three months after the intended stay) Completed visa application forms (signed) Two recent passport-sized photos Notification/confirmation of admission from an Austrian higher education institution Proof of health insurance coverage in Austria (30K) Proof of sufficient financial resources (€14,604 for students over 24 years old & €8,064 for under 24.) The funds have to be in a savings or bank account for at least 6 months that must bear the applicant’s/guardian’s name and be accessible from Austria. Birth certificate or equivalent document (legalized and translated) Proof of accommodation in Austria (dorm reservation, rental agreement) Academic transcripts (translated if necessary) Proof of language proficiency Police clearance certificate from the country of residence – no older than 3 months at the time of application (legalized and translated) Copy of flight ticket booking Application fees for Residence Permit (€120) & Visa-D (€150)
Part timework	Part-Time Work in Austria Hours: Non-EU international students are legally allowed to work up to 20 hours per week during the semester. During official university holidays, students can scale up to full-time (40 hours per week). Average Pay: There is no single statutory minimum wage, but wages are regulated by sector-specific collective agreements. Typical student roles pay between €10 and €15 per hour. Essentials: Your employer must actively apply for a work permit from the Public Employment Service (AMS) before you start working. Marginal Earnings Sweet Spot: Working roughly 8 to 10 hours a week to stay below the national marginal earnings threshold (~€518/month) exempts you from standard employee social security contributions.
Post-study work opportunity	Post-Study Work Opportunities 12-Month Stay-Back Window: Upon graduating with a Bachelor's, Master's, or PhD from an accredited Austrian university, you can extend your student residence permit for up to 12 months to look for a job or start a business. The Red-White-Red (RWR) Card: Once you secure a job contract matching your degree level that meets local starting salary standards, you can transition to a Red-White-Red Card for Graduates without undergoing a local labor market shortage check. Upgrading your Status: After working legally under an initial RWR card for a specified period, you can upgrade to a Red-White-Red Card Plus, which grants completely unrestricted access to the entire Austrian job market.

What is the duration of the Master of Quantitative Finance program at WU Vienna?

The Master of Quantitative Finance program at Vienna University of Economics and Business is a 2-year full-time master's programme.

What are the tuition fees for the Master of Quantitative Finance at WU Vienna?

The tuition fees for the Master of Quantitative Finance at WU Vienna are approximately €1,453 per year.

What are the language requirements for the Master of Quantitative Finance program?

Applicants must provide proof of English language proficiency, with acceptable tests including TOEFL (minimum 100), IELTS (minimum 7.0), and various Cambridge and university language center certificates at C1 level.