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Study programmes > Studies in foreign language > Quantitative Finance > Quantitative Finance, full-time, second cycle programme (in English)

Quantitative Finance, full-time, second cycle programme (in English) (S2-PRK-QF)

(in Polish: Quantitative Finance, stacjonarne, drugiego stopnia (w jęz. angielskim))
second cycle programme
full-time, 2-year studies
Language: English

Field of Study: Social Sciences

Academic Discipline: Leading discipline – Economics and Finance

Language of Instruction: English

Professional Title Awarded Upon Graduation: Master in Quantitative Finance

Where and When You Will Have Classes

Location:
Major-related classes are held at the Faculty of Economic Sciences, University of Warsaw, located at 44/50 Długa Street, Warsaw.

Time:
Classes take place from Monday to Friday during the day, between 08AM and 8PM , with the possibility of attending classes in the afternoon. Exact times depend on the study group you are assigned to.

Studies that change your perspective – Study at the Faculty of Economic Sciences, University of Warsaw

Choose the Faculty of Economic Sciences at the University of Warsaw – a leader in economic education in Poland and one of the top research institutions in Europe.

  • Top 3% in Europe – We rank among the top institutions in Europe according to the prestigious RePEc ranking.
  • Excellence in Teaching – We are the only institution in Poland to hold three Certificates of Excellence in Education awarded by the Polish Accreditation Committee – covering all our degree programs.
  • According to the 2024 Perspektywy ranking, we offer the best programs in Poland in Economics and Computer Science and Econometrics (now Econometrics and Data Science), while Finance and Accounting rank second nationwide.
  • After graduation? Our graduates are #1 in Poland in terms of average salary in the first year after earning their degree – confirmed by a ranking by the Rzeczpospolita daily based on real labor market data.

General Information

Quantitative Finance – Shape the Future of Financial Markets with Data and Precision

Ranked 2nd in Central and Eastern Europe in Financial Markets category – Eduniversal Best Masters Ranking 2024

Study Quantitative Finance at the University of Warsaw – Where Theory Meets Cutting-Edge Practice

The two-year Master’s program in Quantitative Finance (taught entirely in English) equips students with the skills, tools, and mindset required to thrive in the complex world of modern finance.

Combining advanced financial theory, quantitative modeling , and real-world insights from financial institutions, the program prepares you for a successful career in:

  • Banks and investment firms
  • Risk and asset management companies
  • Regulatory bodies and supervisory authorities
  • Fintech startups and quantitative trading desks
  • Academia and financial research centers

What Will You Learn?

You will gain deep theoretical knowledge and hands-on practical skills that allow you to:

  • Model and price complex financial instruments, including exotic derivatives
  • Quantify and manage risk in dynamic market environments
  • Develop and implement portfolio strategies using real-time data
  • Build and validate financial models with tools like C++, R, Python, and MATLAB
  • Design trading algorithms and decision systems using high-frequency data
  • Analyze financial statements and corporate finance fundamentals
  • Apply empirical research and the latest findings in financial science

You’ll study topics such as:

  • Derivatives Markets, Option Pricing Theory
  • Equity & Fixed Income Instruments
  • Computational Finance
  • Corporate Finance & Risk Analysis
  • Advanced Micro- and Macroeconomics
  • Time Series Analysis & Quantitative Strategies
  • Financial Econometrics & Mathematical Methods in Finance
  • Theory of Finance & Market Architecture

Designed for Future Financial Engineers and Strategists

The program is tailored for students who want to make data-driven decisions, develop innovative investment strategies, and solve real-world financial challenges using mathematics, statistics, and programming .

Throughout your studies, you will:

  • Master portfolio theory and stochastic calculus
  • Quantify return volatility, co-movement, and risk using real-time data
  • Use machine learning and quantitative models for asset allocation
  • Simulate and optimize trading systems
  • Understand regulatory frameworks and ethical standards in global finance
  • Prepare for professional certifications like CFA, Investment Adviser, or Stockbroker license

International Outlook. Global Career.

With a strong emphasis on global financial trends and international case studies, the program opens doors to careers in Poland and abroad. Students graduate ready to enter highly competitive roles in:

  • Risk Management
  • Financial Engineering
  • Asset Management
  • Algorithmic Trading
  • Investment Analysis
  • Financial Forecasting
  • Derivatives Pricing
  • Financial Consulting
  • Economic Research

Graduates are also well-prepared for doctoral studies in finance at top universities worldwide.

A Unique Advantage for Quant-Minded Talent

Graduates of the Quantitative Finance program are highly sought after in the job market. Their ability to combine financial intuition with analytical rigor and programming skills gives them a distinct edge in:

  • Financial modeling and valuation
  • Investment strategy development
  • Advanced data analysis and forecasting
  • Regulatory and ethical compliance
  • Effective communication in English in technical and business contexts

Tuition applies to all students; current fees are availablehere.

Top-performing students may be eligible for tuition discounts. More information is available on the website.

Qualification awarded:

Master's degree in Quantitative Finance

Access to further studies:

doctoral school, non-degree postgraduate education

Learning outcomes

The graduate of this specialization:
- knows in depth the theory of finance, as well as advanced quantitative methods, in particular those applicable in the valuation of derivatives, risk management of the investment portfolio, the process of asset allocation, and forecasting financial time series;
- knows and understands financial phenomena, extended to economic foundations, and can rigorously analyse and forecast them;
- knows and understands the goals, context, and importance of ethical standards and legal regulations in financial markets;
- knows the rules of intellectual property protection and the legal matters;
- knows the latest analytical achievements and trends in the world financial literature;
- knows the latest analytical, IT, and programming tools allowing for the processing of empirical data and the practical implementation of models used in various issues in the area of ​​quantitative finance, including in the valuation of derivatives, the asset allocation process, investment portfolio risk management, creating automatic investment strategies or forecasting financial time series;
- knows and understands mathematically the principle of operation of analytical models used in quantitative finance, including the valuation of derivatives, volatility modelling, investment portfolio risk management, stochastic processes, Monte-Carlo simulations, and similar ones;
- can use, implement and program statistical, econometric, and mathematical models addressing problems in the area of ​​finance, including econometric modelling, time series forecasting, volatility modeming, valuation of derivatives, investment portfolio risk management with the use of analytical and IT tools and programming languages including R, C ++, Python and/or VBA.
- can develop and optimize an investment system based on automatically generated signals; the ability to implement such a system in practice, to properly assess it and efficiently manage the risks associated with it;
- can prepare reports and communicate the results of independent analyses in English;
- can correctly plan an empirical study, effectively manage the teamwork and provide a correct solution to a problem within a specified time frame;
- can use English at B2 + level, including specialist terminology needed to work and conduct research in the area of ​​quantitative finance;
- can optimize the operation of statistical, econometric, and mathematical models, select their appropriate parameters and use these models to solve the problem and/or make a forecast;
- is prepared to critically evaluate the achievements, theories, and the latest concepts in quantitative finance;
- is prepared to take up analytical and executive positions in the financial sector in their country and abroad; and
- is prepared to implement independent and team research and analytical projects.

Admission procedures:

Visit the following page for details on admission procedures: https://irk.uw.edu.pl/