Master of Quantitative Finance Admissions

We seek a diverse student body to bring to the classroom varying experiences and backgrounds. Rutgers Business School — Newark and New Brunswick admits those students who, in the opinion of the Graduate Admissions Committee, show promise of succeeding in the program. Primary consideration is given to the applicant’s scholastic record and the GRE or GMAT score. Other considerations include professional work experience, professional appraisals, civic leadership and extracurricular participation, responses on the application form, and the essay.  

Students are admitted for the Fall term only and the application deadline is March 1 or until class is full. We encourage students to apply early as we admit students on a rolling basis.


Tuition & Fees

Please click here to view tuition & fees for the Master of Quantitative Finance program.


MQF Scholarship

All applicants will be considered for an MQF scholarship based on merit. No separate application is required.


Application Checklist

In addition to an Online Application, applicants must submit:

  1. Application fee (non-refundable) of $65.00
    • Checks and money orders should be made payable to Rutgers, the State University of New Jersey. Do not send cash.This can also be paid online via a credit card.
  2. Official Transcripts
    • Applicants must submit an official transcript for each undergraduate and graduate institution attended.*
  3. GRE or GMAT Test Results
    1. GRE code: Institution Code 2512 or 5529 (either one will work), Department Code 4299 
    2. GMAT code: QK5-XT-96
  4. Official GRE or GMAT test results, taken within five years from the term of entrance, are required.

  5. Test of English as a Foreign Language (TOEFL) or Pearson Test of English Academic (PTE Academic)
    1. TOEFL code: Institution Code 2512, Department Code 02
    2. IELTS: Please contact IELTS and have your score sent to our office (address listed below). Most RBS programs require a score of a 7 on the IELTS.
    3. PTE Academic is a computer-based academic English language proficiency test designed to measure reading, writing, listening and speaking skills, as they are used in an academic setting. Rutgers Business School requires a minimum score of 68 on PTE Academic.
  6. You must submit the TOEFL or PTE Academic test if your native language is not English. Not required of students who have done 3 or more years of their undergraduate work or have obtained a graduate degree in the U.S.

  7. You must provide two letters of reference.
    • Letters of reference can be submitted either online through the online application or they can be mailed to our office directly by the recommender on company letterhead.
  8.  Current Resume 
  9. Essay
    • All applicants are required to write a personal essay which should cover the following topics:
      a) Why are you interested in quantitative finance?
      b) How is your background appropriate for quantitative finance?
      c) Why did you choose the MQF program at Rutgers Business School?
      d) What are your career objectives?
      e) What have you done to prepare for our program?
  10. International Applicants

*For Rutgers graduates, please note that even though you are applying to Rutgers as an alumnus, you do need to contact the Registrar's office and request your official transcript be mailed to our office.


All supporting materials should be submitted to:

Rutgers Business School — Newark and New Brunswick
Office of Graduate Admissions
1 Washington Park, Suite 124
Newark, NJ 07102