Studierende sehen sich auf einem Tablet gemeinsam etwas in der Lernzone im D3 Gebäude an.

Admission Requirements

Admission Requirements

In order to apply for the MSc Quantitative Finance you have to fulfill the requirements for application and to prove your aptitude for the program. In case one or more of the required proofs are missing, your application has to be rejected.

If you are interested in more than one program you must apply for all programs at the same time and order your preferences according to first choice, second choice, etc. Please note that individual program applications may require different information and documents.

Please note: It is not necessary to have completed your first degree program at the time of application, proof of completion of your program is not required until actual enrollment. Nevertheless, the requirements listed below have to be documented within the uploaded documents.

1. Relevant Bachelor's program:

Completion of or enrollment in a relevant degree program at a recognized Austrian or foreign post-secondary institution. Prerequisites for the Master’s Program include:

  • 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

  • Mathematics / statistics / computing, worth a minimum of 45 ECTS credits

The Bachelor Programs in Business, Economics and Social Sciences (BAWISO) and Business and Economics (BBE) at Vienna University of Economics and Business fulfill the prerequisites.



2. Achievement potential
(how to show your achievement potential below):

  • Mandatory: Statement of purpose (see paragraph 3 ("Guidelines on how to write a statement of purpose")

  • Valid GMAT Exam / valid GMAT Online Exam (Please allow enough time for test registration and evaluation. The official confirmation of your result, which you must upload, takes up to twenty days.) and/or

  • Valid Graduate Record Examinations (GRE) and/or

  • Letters of recommendation in a relevant field such as Math/Stats/Economics written by a course teacher, a supervisor of an academic thesis, or the educational institution at which the course or courses were attended or the academic thesis was written, detailing your achievement potential (e.g. letters from a course teacher in Marketing does not make any sense).

  • Letter of reference from your employer (only if you're currently working in a program-related field or internship)

  • Please do not provide any other reference letters.

3. Guidelines on how to write a statement of purpose (please note that a SoP is mandatory in addition to your other documents)

Please answer the following questions at least in your SoP (max. two (2) pages):

  • What is your main motivation factor for the program?

  • Why are you qualified for the Quantitative Finance program?

  • What previous knowledge have you already gained in the field of finance/economics?

  • What previous knowledge have you already gained in the areas of mathematics/statistics?

  • Give at least one example where you were able to demonstrate your soft skills (e.g. at university, at work).

  • How would you resolve a problem when one of your teams colleagues participates less in group works?

  • How do you cope working with someone you are not compatible with?

    4. Sufficient proficiency in English:

    To apply to an English-taught master's program at WU, you must upload one of the certificates listed below with your online application.
    German language skills are not required.

    The following (valid) proof of sufficient English proficiency is accepted:

    • TOEFL IBT / TOEFL IBT Home Edition (official or unofficial test report) (C1) – excluding TOEFL MyBest Scores

      • Tests taken before January 21, 2026: minimum score of 100

      • Tests taken on or after January 21, 2026: minimum score of 5

    • IELTS 7.0 [(Online) Academic Version] (official or unofficial test report) (C1)

    • Oxford Test of English Advanced (at least 150 points-C1): This exam is offered, among others, by WU Business Language Center

    • Cambridge English: CAE (Certificate in Advanced English-C1), CPE (Certificate of Proficiency in English-C1)

    • An official confirmation (stamped and signed) of successful completion of

      • a qualification comparable to the A-Levels at a recognized secondary educational institution in the United Kingdom of Great Britain and Northern Ireland, Ireland, the USA, Australia, New Zealand, or Canada, or

      • a three-year bachelor’s or doctoral program or a two-year master’s program at a recognized post-secondary educational institution in an EU/EEA country, Switzerland, the United Kingdom of Great Britain and Northern Ireland, the United States, Australia, New Zealand, or Canada, which was conducted entirely in English as a full-time program.

    • English as a native or first language

    • C1-level certificate issued by a university language center, according to the Common European Framework of Reference for Languages
      The certificate has to prove that you took one or more tests to assess your reading, writing, listening and speaking skills. These skills should correspond to level C1 or higher according to the CEFR.
      Course transcripts or confirmations about your overall language skills (e.g. DAAD-Certificates) or certain language courses will NOT be accepted as proof of your language skills. If you are not sure whether your language certificate fulfils these criteria, please submit one of the standardized tests mentioned above.

    5. Further skills and knowledge

    • Skills and knowledge in business administration / economics / finance (proof of documents such as CFA)

    • Skills and knowledge in mathematics / statistics (proof of documents such as programming courses (e.g. R), Data/Text Mining)

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      Office hours: by appointment (qfin@wu.ac.at)

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