Master in Quantitative Finance

WHY IMQF?

The International Master in Quantitative Finance (IMQF) is a one-year academic master programme in finance. Since its establishment in 2003, the IMQF programme has become a benchmark of quality in academic finance in South-Eastern Europe. The programme graduates are in great demand at leading financial institutions, companies, regulatory agencies and international organisations.

The IMQF programme provides a sufficient background for all three levels of the Chartered Financial Analyst (CFA) exams, as well as for globally recognised risk management exams such as FRM and PRM. Some of the former IMQF students continued their education towards a PhD degree in finance or economics at major international universities.

We welcome graduates or young professionals who wish to develop their careers in the world of finance and related fields of economics, data science and computing. We are looking for candidates with affinity to quantitative and analytical thinking, irrespective of the degree they hold.

The IMQF programme schedule permits you to work a full-time job while pursuing a highly competitive master’s degree. The programme also shares some of the elective courses with three other international master programmes at the University of Belgrade – Faculty of Economics (IMAE, IMBI and IMT), creating unique opportunities for networking and establishing connections with our local and international partners.

KEY FACTS

DURATION: 2 semesters (60 ects)
START: Applications: September
Start of semester: October
LANGUAGE: English
DEGREE: Master of Science (M. Sc.) in Economics
FEES: Information to be released, when the call for applications is launched
CONTACT: Email: international.master@ekof.bg.ac.rs
Tel:+381 11 3021 068

QUALIFICATION AND CAREER PROSPECTS

AIMS OF THE PROGRAMME
The IMQF programme has the following aims:

  • To develop students’ competencies in advanced financial modelling, financial analysis and risk management;
  • To help the students to develop their careers in financial industry by mastering knowledge and skills related to financial markets and institutions, risk modelling and data analysis;
  • To allow the students to pursue doctoral studies in finance or economics, as well as to conduct economic research independently.

LEARNING OUTCOMES
The IMQF programme has been designed to provide students with the advantageous combination of state-of-the-art academic qualification and a specialisation in the field of finance. After successful completion of the program, students will be able to:

  • Understand and analyse complex financial problems using mathematical and statistical models;
  • Use mathematical and statistical methods and computational procedures for financial decision-making;
  • Understand how financial securities, such as stocks, bonds and derivatives, are traded and priced;
  • Assess financial risk and understand how financial institutions manage their risk exposures;
  • Handle financial market data and information systems in theory and practice;
  • Work in teams and participate successfully in problem-solving processes.

Depending on the electives they choose, the students will also be able to write and present academic papers or develop and apply computational processes for finance-related problems. IMQF programme also encourages students to embrace an interdisciplinary approach to application of quantitative skills in finance.

GRADUATE DESTINATIONS
We welcome graduates or young professionals who wish to develop their careers in the world of finance and related fields of economics, data science and computing. Graduates from this program will be able to pursue career in a wide range of professions that require strong quantitative and analytical skills, including, but not limited to, the following positions:

  • Financial analyst;
  • Financial consultant;
  • Risk consultant;
  • Quantitative analyst;
  • Financial data scientist;
  • Quantitative developer.

IMQF programme provides a sufficient background for all three levels of the Chartered Financial Analyst (CFA) exams, as well as for globally recognised risk management exams such as FRM and PRM. Some of the former IMQF students continued their education towards a PhD degree in finance or economics at major international universities.

CURRICULUM

Curriculum of this program combines fundamental theoretical courses with state-of-the-art empirical courses, which together with the internship and exposure to high-quality research seminar aims to develop modern competences and critical thinking.

ADMISSION AND APPLICATION

Enrolment to the Route A (1 year, 60 ECTS), is open for candidates who hold at least an academic bachelor degree with 240 ECTS. Candidates who hold an academic bachelor degree with 180 ECTS (or more) are eligible to enrol in the Route B (2 years, 120 ECTS).
Eligible applicants will be invited to an interview, at which their motivation and English language skills will be evaluated. Ranking of applicants will be based on their bachelor degree performance and the results at the interview.
Application documents:

  • Bachelor degree (a copy)
  • CV
  • Language certificate competence – B2 level
  • Motivation letter (up to 500 words)
    Letter should include contact of one academic or professional reference

Admission is limited to 25 candidates.

Applications are open throughout the year. Registered candidates will be invited to formally submit documents and for the interview in September.

Candidates holding foreign degrees need to have their degrees recognised by the University of Belgrade in order to apply for enrolment. We encourage potential candidates to submit their requests for recognition by mid-July (or earlier) at the latest, in order to meet the application and enrolment deadlines, as the procedure can take up to a few weeks. At the moment, for candidates applying for IMT programme, it is sufficient to provide evidence that the recognition process has been initiated. All relevant information about the recognition procedure can be found at the University page: http://www.bg.ac.rs/en/education/recognition.php?submenuheader=10

FUNDING AND COSTS

Information to be released, when the call for applications is launched.

CONTACTS

University of Belgrade – Faculty of Economics
Kamenička 6, 11000 Belgrade, Serbia
Email: international.master@ekof.bg.ac.rs
Tel: +381 11 3021 068

Application for accreditation of this master program has been submitted. Once the accreditation is awarded, the call for applications will be open.