Program Overview
The Master of Science in Quantitative Finance program at BI Norwegian Business School equips students with advanced quantitative skills, financial expertise, and data science proficiency. Its curriculum, taught by top European finance faculty, focuses on key areas like risk management, derivatives, and long-term investing, preparing graduates for careers in the international finance industry. The program offers opportunities for internships, exchanges, and customization through elective courses, fostering practical experience and career development.
Program Outline
Degree Overview:
The Master of Science in Quantitative Finance program at BI Norwegian Business School addresses the increasing quantitative demands of the finance industry. It aims to equip students with advanced quantitative skills, a strong understanding of financial theory, and proficiency in applying data science tools to financial problems. The program's comparative advantage lies in its faculty, drawn from one of Europe's top Finance departments, who emphasize the responsible application of financial theory to real-world scenarios. The curriculum focuses on crucial areas like asset and risk management, derivatives pricing, trading and hedging, fixed income, and long-term investing, equipping graduates to tackle challenges arising from the sustainability transition, aging populations, and increased uncertainty. The program is designed to prepare students for careers at leading international organizations and contribute to modern societies.
Outline:
The two-year Master of Science in Quantitative Finance program is structured across two academic years, each divided into autumn and spring semesters, with exams at the end of each semester. The program consists of 120 ECTS credits.
Year 1 (60 ECTS):
- Autumn:
- Corporate Finance (6 ECTS)
- Investments (6 ECTS)
- Numerical Methods in Python with Applications (6 ECTS)
- Derivatives (6 ECTS)
- Stochastic Calculus for Finance (6 ECTS)
- Spring:
- Research Methodology in Finance (6 ECTS)
- Data Science for Finance (6 ECTS)
- Asset Management (6 ECTS)
- Advanced Computational Methods (6 ECTS)
- Quantitative Risk and Asset Management (6 ECTS)
Year 2 (60 ECTS):
- Autumn:
- Fixed Income Securities (6 ECTS)
- Strategic Asset Allocation (6 ECTS)
- 12 ECTS chosen from Specialization electives, Internship, or Exchange.
- Master Thesis (6 ECTS)
- Spring:
- Applied Portfolio Management (6 ECTS)
- Master Thesis (24 ECTS) The program notes that the study plan and courses are subject to change. Students also have opportunities to customize their degree through elective courses and an internship program.
Teaching:
The program emphasizes engaging learning experiences and quality teaching. The faculty are scholars from one of Europe's top Finance departments, focusing on the practical application of financial theory. A video is mentioned showcasing student, faculty, and industry perspectives on the program.
Careers:
Graduates are expected to possess advanced quantitative and data science skills, making them competitive in the financial industry. The text provides one example of a graduate's career path: Frida Rosmer Hauge, an Investment Analyst at Pareto Asset Management. Students with a master's level background in finance or related fields may be able to complete the program at an accelerated pace, depending on the evaluation of their application. The program is taught in English and is a full-time program.
Introduction to BI Norwegian Business School
BI Norwegian Business School is one of Europe’s most prestigious and internationally recognized business schools. Founded in 1943, BI has grown to become the largest business school in Norway and a leading institution in Europe. With its main campus located in Oslo, the school also has campuses in Bergen, Trondheim, and Stavanger, as well as a strong online presence. BI is known for its commitment to academic excellence, innovative teaching methods, and strong ties to the business community.
Diverse Academic Programs
The school offers a wide range of programs tailored to meet the needs of students at different stages of their academic and professional journeys. These include bachelor’s degrees, master’s degrees, PhD programs, and executive education. Popular areas of study include finance, marketing, strategy, entrepreneurship, and leadership. BI’s programs are designed to combine theoretical knowledge with practical applications, ensuring that graduates are well-prepared to tackle real-world challenges in the global business environment.
Global Recognition and International Focus
One of BI’s key strengths is its international focus. The school is triple-accredited by EQUIS, AACSB, and AMBA, placing it among the top 1% of business schools worldwide. This accreditation reflects BI’s commitment to maintaining the highest standards of education and research. Additionally, BI has partnerships with over 200 universities and institutions across the globe, offering students opportunities for international exchange programs, double degrees, and global internships. This global perspective is further enriched by the school’s diverse student body and faculty, representing over 100 nationalities.
Leadership in Research and Innovation
BI Norwegian Business School is also a leader in research and innovation. The school’s faculty members are actively engaged in cutting-edge research across various fields, including economics, management, and sustainability. This research not only contributes to academic knowledge but also informs the school’s teaching and provides students with insights into the latest trends and developments in the business world. BI’s focus on sustainability is particularly noteworthy, as the school integrates environmental, social, and governance (ESG) principles into its curriculum and operations.
Executive Education for Professionals
For professionals seeking to advance their careers, BI offers a range of executive education programs and part-time studies. These programs are designed to provide working professionals with the skills and knowledge needed to take on leadership roles and drive organizational success. BI’s executive education is highly regarded for its practical relevance and focus on real-world business challenges.
Vibrant Campus Life and Alumni Network
In addition to its academic offerings, BI Norwegian Business School provides students with a vibrant campus life. The school’s modern facilities, student organizations, and career services create a supportive and engaging environment for personal and professional growth. BI’s strong alumni network, which spans across industries and countries, further enhances the opportunities available to graduates.
Specific admission requirements for the Master of Science in Quantitative Finance are not detailed, only that applicants with a master’s level background in finance or related fields may complete the degree at an accelerated pace, with the specifics determined during application evaluation.
