About IMQF

The master programme IMQF at the Faculty of Economics provide 60 ECTS credits, after a student has acquired 240 ECTS credits at bachelor level. The study program subjects provide 45 ECTS credits, while the final master paper counts as 15 ECTS credits

The International Masters in Quantitative Finance (IMQF) is a one-year academic Master program in advanced finance. Since its establishment in 2003, the IMQF program has become a benchmark of quality in academic finance and economics in Serbia and the region. The program graduates are in great demand at leading financial institutions, companies, regulatory agencies and international organizations. Graduates who do not enter the workforce continue their education at the leading graduate programs abroad or join the PhD program in our faculty. Some lead family firms. The IMQF program is accredited by the National Accreditation Commission of the Republic of Serbia and is recognized in EU countries, the US and elsewhere around the world.

The curriculum for the IMQF program was developed in partnership with a group of international scholars with extensive collective experience in running and/or teaching at some of the most prestigious graduate programs in Finance and Economics in the world. Prof. Branko Urošević, the program director since its inception, is one of the pioneers of quantitative finance in Serbia and South East Europe. Previously, he created and ran the Master in Finance program at the Universitat Pompeu Fabra in Barcelona.

The IMQF is a demanding program where each student receives individual attention from the faculty. The classes are taught entirely in English, in the evening hours or on weekends, by the leading domestic and renowned international faculty such as Prof Boyan Jovanovic (New York University, USA) and Prof Diego Garcia (University of North Carolina, Chapel Hill, USA), among others. The program curriculum is supervised by highly prestigious International Advisory Board.

The IMQF program is the only program in the South East European region that provides thorough preparation for all three levels of the Chartered Financial Analyst (CFA) exams, as well as for globally recognised risk management exams such as PRM and FRM. Upon completion students receive Masters degree from the Faculty of Economics, University of Belgrade and can continue their education towards a PhD degree in Finance or Economics at any university in Serbia or internationally.



The main goal of the IMQF program is to help create a new breed of financial experts. The IMQF stands for excellence not only in knowledge but in the character of the individual as well. Tenacity at the IMQF program, we strongly believe that success in life, as well as in our program, can only come from hard work and consistent effort on bettering oneself.


The IMQF program provides a rigorous approach to studying finance and economics, attacking challenging programs head-on rather than just describing them. As such, the IMQF program has no peer in the region of South Europe. In you are ready for an arduous yet rewarding journey of discovering the often hidden connections between various finance phenomena, the IMQF is the program for you.


In order to solve problems, rather than just talk about them, you need the proper set of tools. At the IMQF program, we give you state-of-the-art tools that will help you understand all of the important aspects of finance and prepare yourself for a highly successful professional or academic life.


Finance is a very practical discipline. At the IMQF program, our teachers are not only leading academics but, also, have great business acumen and practical experience. They will teach you how to use advanced analytical tools to solve real problems facing businesses and regulators.


In order to be admitted to the IMQF program, students need to fulfill the following requirements:

  1. Have an undergraduate university degree from a recognized college or university with a minimum of 240 ESPB credit or equivalent
  2. Demonstrate proficiency in English (foreign students can arrange a Skype interview).
  3. Secure two letters of recommendation

An integral part of the admissions process is an interview with the Program Director (in English). The purpose of the interview is to establish the motivation of the candidate and assess his/her ability to speak English.



Program Coordinator, Room 409
Faculty of Economics
University of Belgrade
Tel +381 11 3021 169