Question 1

What is the scope of an MS Quantitative Finance program?

Accepted Answer

The MS Quantitative Finance program is a dynamic and rigorous 7-month online graduate course (in collaboration with IMT-Ghaziabad) followed by a 12-month on-campus experience at the D'Amore-McKim School of Business, Northeastern University, USA. This program is designed to prepare learners for success in today’s competitive business landscape. The program blends financial technology with business analytics, giving learners a strong foundation in both finance and cutting-edge analytical tools. Upon completion, students will earn dual credentials: a Professional General Management Program certificate from IMT Ghaziabad and a Master's degree from the D'Amore-McKim School of Business, Northeastern University, USA.

Question 2

What should I expect from an MS Quantitative Finance  Program?

Accepted Answer

Imagine the impact you could make by driving data-informed decisions across all financial operations for an organization. The MS in Finance – Quantitative at Northeastern University’s D’Amore-McKim School of Business is designed to prepare learners for success in today’s competitive business landscape. The program blends financial technology with business analytics, giving learners a strong foundation in both finance and cutting-edge analytical tools.

With an interdisciplinary approach, it combines core financial principles with essential skills in mathematics, economics, and computer science. Plus, as a STEM-designated program, it allows one to stay in the USA for up to 36 months post-graduation—three times longer than non-STEM programs.

Question 3

Which topics are going to be covered as part of the online coursework?

Accepted Answer

The program will be delivered on a new technology platform to create a superior learning experience for participants who want to be on the cutting edge of the management. With this programme, IMT-G & D'Amore-McKim School of Business, Northeastern University, USA together seek to develop the next generation of leaders. The topics that are going to be covered in the initial online program are Marketing Management, Business Communication, Accounting & Finance, OB, HR Management and Legal, Operations and Supply Chain, Business Economics, Sales and Distribution Management, Electives and Leadership, Engagement and People Performance.

Question 4

What type of learning experience should I expect from the online coursework?

Accepted Answer

The online learning experience will be a mix of interactive lectures from globally-acclaimed faculty as well as industry leaders. Additionally, the program comprises live lectures dedicated to tutoring key concepts, solving your academic queries and reinforcing learning. The on-campus learning experience will offer students the opportunity to engage directly with faculty.

Question 5

Is any certification granted at the end of the program?

Accepted Answer

Post successful completion of the online program, a Professional General Management Program certificate would be awarded from IMT Ghaziabad and upon completion of the on-campus degree program, a MS Quantitative Finance degree shall be conferred upon by D'Amore-McKim School of Business, Northeastern University, USA.

Question 6

Can I sign up only for a few specific modules if I am interested in it?

Accepted Answer

No, the program is designed to be completed in its entirety, and cannot be taken as standalone modules.

Question 7

Are there any prerequisites required to be eligible for the MS Quantitative Finance  program?

Accepted Answer

Yes, to be eligible for the MS Quantitative Finance Program, candidates must opt for the Business Analytics (Elective) from the Professional General Management Program at IMT.

Question 8

What is a co-op program at Northeastern University?

Accepted Answer

Co-op programs at Northeastern University, USA are academic programs that combine classroom learning with practical work experience in a professional setting. Students have the opportunity to gain real-world skills, industry connections, and enhance their resumes through immersive full-time work opportunities. Northeastern is a global leader in co-op education, consistently ranked as the #1 co-op program in the nation.

Question 9

Does this course at Northeastern University offer a co-op component?

Accepted Answer

Yes, this program has a co-op component. Students enrolled in this course will have the opportunity to participate in a co-op experience, allowing them to apply their classroom knowledge in real-world work settings.

Question 10

How do I enroll in the program, and when do I need to declare a Graduate Co-op track?

Accepted Answer

Once students are on campus, they should contact their graduate academic advisor to declare a Graduate Co-op concentration. Students start their first co-op the second semester of their sophomore year or during the summer after their sophomore year.

Question 11

Will I be paid during the Graduate Co-op?

Accepted Answer

In many cases, co-op opportunities are paid positions. However, compensation varies depending on the industry, job market, or other special circumstances. Whether paid or unpaid, all of our co-ops offer unparalleled industry experience with a variety of employers.

Question 12

What are the various work locations available for Graduate co-op opportunities at Northeastern University?

Accepted Answer

Northeastern University offers a wide range of work locations for Graduate co-op opportunities. These opportunities are available in over three dozen states across the United States and in approximately 90 countries worldwide. While many students opt to work in the Boston area, Northeastern encourages students to be open-minded and flexible about their work location to ensure a rewarding experience and to broaden their future career prospects. The university particularly emphasizes the benefits of international co-op experiences, which provide students with a unique perspective on their work and the chance to explore different parts of the world. Students are advised to consult with their co-op coordinator to explore the available options and understand the specific requirements associated with each location.

Question 13

How much commitment does a co-op program require?

Accepted Answer

While full time co-op shall require a commitment of 32-40 hours/week over 3-6 months, Part-time co-op shall require a commitment of 15-31 hours/week over 3-6 months.

Question 14

Are there any scholarships available?

Accepted Answer

D'Amore McKim School of Business and Northeastern University offer a variety of scholarships. As a Full-Time MS Quantitative Finance applicant, you'll automatically receive consideration for a merit scholarship. You can find the details of the merit-based scholarships on the university website.

Question 15

Why should you pursue an MS Quantitative Finance Program from D'Amore-McKim School of Business, Northeastern University, USA?

Accepted Answer

Global Network: As part of Northeastern’s global community, you'll connect with over 300,000 alumni and 3,500+ employer partners, gaining unparalleled career opportunities worldwide.
World-Class Faculty: Learn from a diverse group of faculty members who bring expertise from finance, technology, management, and other fields, ensuring that you receive a well-rounded, interdisciplinary education.
Graduate Co-op: Learners get the opportunity to apply what they have learned in the classroom to a leading company or start-up

Career Progressions: MS in Finance graduates can work in an array of profiles, including Chief Financial Officer, Commercial Lending Officer, Private Wealth Manager, Senior Internal Auditor, Investment Banker, and more.
Cutting-edge Curriculum: Prepare for the Chartered Financial Analyst (CFA®) exam with materials integrated into the curriculum.

Question 16

Can international students work to pay for their educational expenses?

Accepted Answer

All students in the USA with a valid F-1 Visa are not eligible to work off-campus. Rather, such students are eligible to work on-campus as graduate assistants or research assistants or other on-campus ad-hoc jobs and receive compensation, beginning in their first semester. The students can work 20 hrs/week during academic session(s) within campus and 40 hrs/week during vacations within campus. The list of available positions will be provided in advance of the Fall semester (please note the number of these positions are limited and not guaranteed).

Question 17

Will I be supported for TOEFL/IELTS/PTE or other English language exams during this program?

Accepted Answer

Yes, upGrad will help you prepare for the English proficiency test to establish your current English proficiency to be eligible for the Master's program in the USA.

Question 18

When will I go to D'Amore-McKim School of Business, Northeastern University, USA.?

Accepted Answer

D'Amore-McKim School of Business, Northeastern University, USA offers only 1 intake for students coming through the accelerator route. The only intake of the year will be the September (spring) intake.Though the application process for Northeastern University will start during the IMT Ghaziabad online program, you will be able to go to Northeastern University in the nearest intake year.

Question 19

When will I get an Offer Letter from D'Amore-McKim School of Business, Northeastern University?

Accepted Answer

upGrad will apply for you to D'Amore-McKim School of Business, Northeastern University, USA, once all the documents are provided by you (as given in the offer letter issued to you by upGrad). Apart from the documents mentioned in the offer letter received from D'Amore-McKim School of Business, Northeastern University, you will have to give proof of English proficiency for application of admission in Northeastern University. upGrad will support you to get your English proficiency scores within 3 months of the start of the batch to accelerate this process.

Question 20

How do I know if the program is right for me?

Accepted Answer

Strong academic background is desirable, providing an advantage in the MS Quantitative Finance Program.
MS in Finance graduates can work in an array of profiles, including Chief Financial Officer, Commercial Lending Officer, Private Wealth Manager, Senior Internal Auditor, Investment Banker, and more.
With an interdisciplinary approach, the MS Quantitative Finance program empowers learners to combine core financial principles with essential skills in mathematics, economics, and computer science

Question 21

Is there any minimum educational qualification required to take this program?

Accepted Answer

To be eligible for the program, the following criteria need to be fulfilled:

For IMT Ghaziabad:

Undergraduate degree in BEngg/ BTech/ BSc with 80% Marks, 0 Backlogs and a grade of B or higher in Statistics and Calculus.
In the case of a 3 Year degree, the awarding institution should be accredited by NAAC with A / A+ / A++ in the last four years.
Work Experience required: 1-5 years.

For D'Amore McKim School of Business, Northeastern University:

Learners must complete IMT's Professional General Management Program with an overall score of 70% and a minimum of 70% in each course
English Proficiency Requirements are TOEFL of >=100 overall with sectional score on speaking no less than 20 and other sections no less than 18 or IELTS Academic >= 7 overall with no sectional score less than 7.0 or Duolingo -125 overall with no sectional score less than 100 or PTE - 67 overall with no sectional score below 60.

Question 22

Is work experience required for this course?

Accepted Answer

A relevant professional full time work experience of 1-5 years is mandatory at the time of application.

Question 23

What is the selection process for this program?

Accepted Answer

There are 3 simple steps in the Admission Process which is detailed as.

Step 1- Complete Application - Complete your application and submit the required details. The Admissions Committee will then review your application - which includes your work experience & educational background.

Step 2- Get Shortlisted & Receive the Offer Letter- Upon qualifying, an Offer Letter will be sent to you confirming your admission to the course.

Step 3- Block your Seat - Block your seat with an initial payment of INR 25,000 to enroll into the Program. Begin your leadership journey.

Question 24

What are the lists of documents required for the application ?

Accepted Answer

Scanned Copy of the Class 10th and 12th Marksheet
Scanned Copy of the Undergraduate Degree, Transcript, and all semester marksheets.
Scanned Copies of passport (Name & Address Page)
Formal Coloured Photograph
Statement of Purpose
Two letters of recommendation (Academic/Professional or both)
Latest Resume
Proof of English Proficiency as per the criteria mentioned above in the document (TOEFL iBT,IELTS, PTE, etc.)

Question 25

Will upGrad help me in writing Academic and Visa SOP?

Accepted Answer

Yes, upGrad will help with your Academic and Visa SOP and will also organize training on how to write a good SOP.

Question 26

How much are the living expenses for a year in the USA?

Accepted Answer

Living expenses in the USA for international students are approximately USD 18,000 per annum. The same needs to be reflected in your bank account.

Question 27

What will happen if I am unable to transfer abroad or if my VISA gets rejected?

Accepted Answer

In such cases, learners can continue to pursue the degree online and be conferred upon with an MS Quantitative Finance.

Question 28

What is the time commitment expected for the program?

Accepted Answer

At least 12-15 hours per week of time commitment is expected to be able to graduate from the online program. On-campus program in USA is full-time and will have an appropriate workload.

Question 29

How will my doubts/questions be addressed in an online Program?

Accepted Answer

Peer-to-peer discussion forum where you can post your queries and your peers/faculty/teaching assistants answer your queries within a day. Regular Q&A sessions with faculty to get clarification on conceptual doubts.

Question 30

No cost CC EMI FAQ's

Accepted Answer

0% EMI with Third Party Credit Facilitators /Credit card option availability will vary program wise.

1. Which banks allow using 0% Credit card EMI or Credit card EMI?
No cost EMI is available on credit cards from all major banks (American Express, Bank of Baroda, HDFC Bank, ICICI Bank, IndusInd Bank, Kotak Mahindra Bank, RBL Bank, Standard Chartered, Axis Bank, Yes Bank, State Bank of India, CITIBANK and HSBC)

2. Is there any minimum transaction limit ?
Yes. 50000 is the minimum.

3. Standard Chartered Bank offers 18 or 24 months No Cost EMI ?
No. ONLY 12 months is available irrespective of the Program enrolled.

4. Will I have to pay any extra amount for the EMI transaction?
If you are availing 0% credit card EMI, upGrad will not charge any processing fees or down payment for these transactions. Your bank may levy GST or other taxes on the interest component of the EMI.

5. Are there any fees or down payment?
Certain banks charge nominal processing fees between INR 99 - 500 on 0% Credit Card EMI transaction. If charged, will be billed in the first repayment installment.

6. Can I use my International credit card for 0% credit EMI or Credit Card EMI?
Only the Indian bank credit cards can be used. But you can pay the amount using the Credit card option in one shot / part payments, and later you can convert into EMI from your respective bank. The tenures and interest charged will depend on your bank. upGrad will not charge any processing fees or down payment for these transactions, this will be purely between you and your bank.

7. Are there any charges in case I opt for cancellation/refund from the course after paying balance with no cost EMI ?
Yes, there will be additional charges to the extent of interest paid by the upGrad to the bank, you will be refunded only Principal amount, i.e. the amount actually deducted/blocked from your card. This deduction will be in addition to the amount mentioned in the refund policy shared with your offer letter.

8. Can I Pay Using Multiple Credit Cards ?
Multiple cards can be used to complete the payments using Part payment option make sure to inform the student, minimum transaction is INR 50000 to opt for 0% CC EMI E.g. Amount to be paid: 150000. I can pay using 2 Credit cards. Yes, Example :
HDFC Card – Part payment – INR 100000
ICICI Card – Part payment – INR 50000

9. How can I opt for Credit card EMI if my bank is not listed in the 0% Credit card EMI or Credit card EMI?
You can pay the amount using the Credit card option in one shot / part payments, and later you can convert into EMI from your respective bank. The tenures and interest charged will depend on your bank. upGrad will not charge any processing fees or down payment for these transactions.

10. Why is the entire amount blocked on my credit card?
Initially your bank will block the entire amount from your available purchase limit and from your next billing cycle, you will be charged the EMI amount. As you start paying your EMI, your credit limit will be released accordingly. For example, if you have made a payment of ₹100000 on 6-months EMI and your credit limit is ₹200,000 then initially your bank will block your credit limit by ₹100000. After payment of your first month EMI of Rs.15000, the blocked amount will come down to ₹85000.

11. Why is interest getting charged on No Cost EMI?
Your bank will charge you interest. However, this interest charge has been provided to you as an upfront discount at the time of your payment, effectively giving you the benefit of a No cost EMI. The total amount paid during the entire EMI tenure to the bank will be equal to the amount to be paid to upGrad.

Eg. Amount payable to upGrad: INR 405000
Let's say Amount deducted at the time of transaction: INR 379850 (Principal amount) Bank charges interest of 12-15% per annum on INR 379850
[Note: Interest factor is reducing rate and not Flat rate]
EMI AMOUNT = INR 33750 x 12 = INR 405000
Effectively, you have taken loan on 379,850 instead of 405,000

Question 31

Is there any deferral or refund policy for this program?

Accepted Answer

Refund Policy: (Programs with prep-session component)

Students must pay applicable caution money for the enrolment to the Program. This caution amount will be adjustable against the total Program fee payable by the student.
You can claim a refund for the amount paid towards the Program at any time, before the Cohort Commencement Date, by visiting www.upgrad.com and submitting your refund form via the "My Application" section under your profile. Processing fee of Rs. 20,000/- will be levied. If less than Rs. 20,000/- have been paid in total, the student shall not be eligible for any refund in such case.
The student shall not be eligible for any refund under any circumstances if any such refund requests are raised post Cohort Commencement Date and student will continue to pay the EMI for the loan (if applicable) and such loan cannot be cancelled. This is also applicable for those students who could not complete their payment and could not be enrolled in the cohort opted for. However, the student can raise a request for Pre-Program deferral as per the policy defined below for the same.
In case of a refund, the student will be solely responsible for any cancellation of the loan, including but not limited to applicable loan cancellation charges levied on the total cancelled loan amount.
Students must pay the full fee within 7 days of payment of Caution Money or Cohort Commencement Date, whichever is earlier, otherwise, the admission letter will be rescinded.
The refund will be processed within 30 working days of commencement of the program after being duly approved by the Academic Committee.

Deferral Policy: (Pre- Program Commencement)

If a student, due to unavoidable circumstances is unable to commence with the cohort and requests for a deferral before the cohort starts, we provide the opportunity for the student to defer to another batch.
However, the student will be required to pay 50% of the total course fee amount (inclusive of taxes) before the deferral can be approved. Till this is completed, the student will be assumed to be continuing in the same cohort.
A student can request for deferral only once and to either of the scheduled cohorts to start in the next 1 year from the batch start date of the initial batch the student enrolled for.
The student has time till the current cohort launch date to make the payment of the 50% program fee, post which the deferral request will expire. Once the deferral window expires and the student now asks for a refund, the above-mentioned applicable refund policy will apply.
The fee applicable to the deferred student will be as per prevailing fee for the batch student as opted to defer to (No additional deferral fee is required to be paid).

Deferral Policy: (Post Program Commencement)

If a student is facing severe issues in dedicating time to the course, we provide the opportunity for the student to defer to another batch.
A student can request for deferral only once and to either of the scheduled cohorts to start in the next 1 year from the batch start date of the initial batch the student enrolled for.
The student will be required to pay deferral fees of 10% of the total course amount fee + Taxes if any along with the differential program fees between the two cohorts.
The deferral request will be approved once the deferral fee is paid.
Till this is completed, the student will be assumed to be continuing in the same cohort.
The student has 7 days (including holidays and weekends) from the date of deferral request to make the payment of the deferral fee post which the deferral request will expire, and the student will continue as part of the current cohort.
If the student completes the deferral payment, the student’s login will be disabled, the student will leave the deferred cohort and the student will start learning on the new cohort from the point of the last assignment that was graded in the deferred cohort. All grades and progress till that point will be carried forward as it is to the new cohort. For clarification, the grades of the graded assignments will be carried forward, whether the student had submitted these grading during the initial stage.
The deferral can only be requested during the batch for which the student has enrolled is ongoing. Once the batch has been completed, deferral requests shall not be entertained. For clarification, the batch completion here shall mean the “last grace deadline” as communicated by upGrad.

MS Quantitative Finance

Introduction to MSQF Course from DMSB NU, USA

Highlights of MSQF Course from DMSB, NU

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