Master of Science in Quantitative Finance and Risk Management

Develop expertise in the quantitative modeling and risk management principles and best industry practices driving the financial services industry today with the Master of Science in Quantitative Finance and Risk Management in 51¶¯Âþ’s . This 30-credit master’s degree program is the only program of its kind in the greater Philadelphia region, offering the ideal way to pursue your Financial Risk Manager (FRM) designation and a prestigious master’s degree simultaneously.

The Quantitative Finance and Risk Management MS will equip you with the knowledge and skills needed to pursue in-demand quantitative financial and risk management career roles. Explore evolving financial technology trends, develop global market insights and hone relevant skills including

  • derivative valuation,
  • enterprise risk management,
  • machine learning in finance,
  • numerical valuation methods,
  • quantitative fixed income modeling and
  • structured financial products.

Endowing students with broad financial knowledge, the Quantitative Finance and Risk Management MS raises the benchmark for programs supporting the FRM designation through interdisciplinary studies in

  • computational programming,
  • continuous time finance,
  • data science for finance,
  • econometric and time series analysis,
  • financial risk management,
  • global markets, and
  • numerical methods.

Through one-on-one advising and career coaching, dedicated professional development seminars, and access to resources through the Center for Student Professional Development, you’ll craft a unique professional future, tailored specifically to your long-term career goals.

Specialized Master's in Finance Programs

51¶¯Âþ offers a suite of graduate programs dedicated to producing the next generation of finance professionals. Apart from the Master of Science in Quantitative Finance and Risk Management, Fox also offers the following finance-related program.

Your Path to FRM

The FRM certification offered by the independent Global Association of Risk Professionals is among the most highly regarded professional designations for finance professionals. Pursuing both a Quantitative Finance and Risk Management MS degree from Fox and the FRM designation will set you apart and enhance your career opportunities.

To prepare students for the FRM exams, the program offers

  • classes that end prior to exam dates for concentrated study time; and
  • dedicated modules and industry study packages to support taking the complete FRM Exam Parts I and II during your graduate studies.

Demonstrate your expertise in risk management and gain a competitive advantage in your career with the Financial Risk Manager designation.

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Classes & Curriculum

An innovative curriculum structure featuring one- to 1.5-credit classes offers the opportunity to sit for multiple FRM exams during your graduate studies. You will also have the flexibility to complete the program in a variety of formats.

  • Immersive 22-month full- and part-time pathways available

All courses take place in person on 51¶¯Âþ's Main Campus or at . The program's location in Philadelphia provides students with access to the benefits of city life and connections to leading organizations.

Courses you will take as part of the Quantitative Finance and Risk Management MS curriculum include

  • Enterprise Risk Management,
  • Financial Time Series,
  • Machine Learning in Finance,
  • Numerical Methods,
  • Quant Fixed Income,
  • Stochastic Volatility and
  • Value at Risk.

Learn more about required courses within the Quantitative Finance and Risk Management MS program.

Related Graduate Degrees

Tuition & Fees

In keeping with 51¶¯Âþ’s commitment to access and affordability, this Master of Science offers a competitive level of tuition with multiple opportunities for financial support.

Tuition rates are set annually by the university and are affected by multiple factors, including program degree level (undergraduate or graduate), course load (full- or part-time), in-state or out-of-state residency, and more. These tuition costs apply to the 2024–2025 academic year.

Pennsylvania resident: $1,165.00 per credit
Out-of-state: $1,165.00 per credit

You can view the full .

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BU-QFRM-MS

Additional Program Information