Master of Science in Quantitative Finance Admission

Eligibility

Applicants must have a minimum of 55 per cent marks or equivalent across Class 10, Class 12 and Bachelor’s degree.
Applicants may submit valid scores from one of the following examinations: CAT, XAT, NMAT, CMAT, GMAT, GRE, GATE, JAM, CUET-PG (paper codes SCQP19 or SCPQ24 or SCQP27).
Applicants who haven't appeared for any one of the above tests or have low scores, can opt for AMSOM Test for MSQF. It will be a 90 minutes online test with 55 questions with no negative marking. The test would have questions on Calculus, Linear Algebra, Probability and Statistics, Basic Finance, Computational Cognisance, Reading Comprehension and Quantitative Analysis.
Applicants graduating in 2027 can also apply.

What We Look For

We will admit a small yet diverse cohort of students who bring different perspectives and experiences to enrich classroom learning. We look for applicants with a strong academic foundation and competitive entrance test scores.

We seek candidates who

Have Bachelor’s or Master’s degree in Engineering, Computer Science, Mathematics, Statistics, Physics, Economics, Finance, or related quantitative disciplines.
Strong preparation in calculus, linear algebra, probability, and statistics is expected.

In your application, we look for evidence of these qualities through academics and professional experience.

Round 1

September, 2026

Applications Opens

December, 2026

Application Closes

January, 2027

Faculty Interactions

January, 2027

Announcement of Decision

Application and Selection Process

1. Submit an online application

You are required to submit your candidature for our MSQF programme through an online application that includes your academic records, entrance test score(s), and work experience (if any). You will also be asked to upload a two-minute self-video on one of the themes listed below.

Application Fee: INR 1500 (non-refundable)

Video Themes:

Why Quantitative Finance? What specific problems can Quantitative Finance solve that traditional finance cannot?
Post-MSQF, where do you see your career intersecting with the future of quantitative finance? Be specific about the roles, industries, or pathways you wish to pursue.
Quantitative Finance is a rigorous and fast-paced field. Tell us about a time you had to manage intense stress or a tight deadline. What core personal values or 'constants' keep you grounded?
Ahmedabad University emphasises an interdisciplinary ecosystem. How will access to disciplines beyond finance, such as computer science, economics, mathematics, statistics, or public policy, enhance your experience in a highly specialized MSQF programme?

2. Faculty Interaction

After your application is submitted and reviewed, selected applicants will be invited for a faculty interaction on-campus or online via Zoom. We expect this to be an engaging conversation (approximately 30 mins) which helps us know you better.

3. Results

Based on your overall profile and faculty interactions, results will be declared in three categories - Offer, Waitlisted, or Reject.

Fee Structure

For the incoming MS QF class of 2027, the tuition fee for two years is INR 14,00,000. The cost of twin-sharing accommodation, three meals a day, and transportation between the university housing and campus is INR 4,92,000* for the two years. A refundable security deposit of INR 20,000 must be paid at the time of admission.

	First Year Fees	Second Year Fees
Tuition Fees and Course Material	INR 7,00,000	INR 7,00,000
Stay, Food and Transportation (Optional)	INR 2,46,000	INR 2,46,000*

*subject to revision

Payment Schedule

Offered candidates will be required to pay a fee of INR 1,00,000 (part of first year tuition) at the time of confirming admission. Balance first semester fees as per offer letter must be paid by June 15, 2027.
All MS QF students are strongly encouraged to stay in the housing provided by Ahmedabad University.

Refunds

Refunds for withdrawal/cancellation of admission will be as per Ahmedabad University refund policy and UGC guidelines.

Merit Scholarship and Financial Aid

Generous scholarships up to 50 per cent waiver of tuition fees will be granted to students with high entrance test scores [CAT 2026/ XAT 2027/ CMAT 2027/ CUET-PG 2027 - 85+ percentile, NMAT 2026 - 228+ score, GMAT 645+, GRE 323+, JAM/ GATE - AIR Top 15%] and a strong academic record.
Continuation of merit scholarship in second year requires satisfactory academic performance in the programme.
Offered candidates can also avail bank loans from any of your preferred Public/Private Bank or NBFC.

Frequently asked Questions

Admissions

Should I apply for MSQF programme?
We are looking for applicants with Bachelor’s degree in Engineering, Computer Science, Mathematics, Statistics, Physics, Economics, Finance, or related quantitative disciplines and a strong preparation in calculus, linear algebra, probability, and statistics is expected.

Is there any minimum score required in the entrance tests?
There is no fixed minimum cutoff. Shortlisting is based on a holistic assessment of your overall profile, including academics, entrance test performance, and other achievements.

Can I apply with multiple test scores?
Yes. You may submit multiple valid entrance test scores, and the best score will be considered during evaluation.

Which entrance test scores are accepted?
Applicants must have appeared in at least one of the following: CAT 2026, XAT 2027, NMAT 2026, GMAT (you can apply with GMAT Superscore), GRE, JAM, GATE or can take AMSOM Test.

When can I appear for AMSOM Test for MSQF?
Our admission team will reach out to you to take the AMSOM test online if you have opted for the test in your application. Alternatively, you can approach Office of Graduate Admissions for assistance.

Where can I appear for AMSOM Test for MSQF?
AMSOM test for MSQF will be conducted online via Mettl.

Can I appear for AMSOM test if I already have a CAT 2026/ XAT 2027/ NMAT 2026/ GMAT/ GRE/ JAM/ GATE score?
Yes, you can.

Can I submit my entrance test scores later, after submitting my application?
Yes. You may submit your application first and update your entrance test score.

Do I need to submit my application in one go?
No. You can save your application on the application portal and return later to complete and submit it.

Will work experience in a family business be counted?
Yes. Your work experience gained after completion of your bachelor’s degree, including experience in a family business, will be counted.

How will I know if I am shortlisted for a faculty interaction?
Shortlisted candidates will be informed via email on their registered email ID. Applicants are advised to regularly check their inbox and spam folder.

Do you have any quotas?
Admissions are strictly merit-based.

How will the faculty interaction be conducted?
Faculty interactions will be conducted either on campus or online via Zoom.

Is it mandatory to submit a Video SOP?
Yes, you must record a video on any one of the four themes listed in the selection process.

Can I record the Video SOP from my mobile phone?
No, use your laptop or PC with high speed internet, web camera and mic.

Can I make changes to my application after submission?
No. Once submitted, the application form cannot be edited.

Can freshers apply to the MSQF programme?
Yes. Fresh graduates are eligible to apply. Final-year students graduating in 2027 may also apply.

Fees and Scholarships

Are scholarships available?
Yes. Ahmedabad University offers merit-based scholarships on tuition fees to applicants with high entrance test scores and exceptional overall profiles.

Generous scholarships up to 50 per cent waiver of tuition fees will be granted to students with high entrance test scores [CAT 2026/ XAT 2027/ CMAT 2027/ CUET-PG 2027- 85+ percentile, NMAT 2026 - 228+ score, GMAT 645+, GRE 323+, JAM/ GATE - AIR Top 15%] and a strong academic record.
Continuation of the scholarship in the second year requires satisfactory academic performance.

Are Bank loans available?
Yes. Offered candidates may avail education loans from public or private sector banks and NBFCs of their choice.

Does the tuition fee include books and course materials?
Yes. The tuition fee includes the cost of course materials – books, case studies, etc.

Does the fee include a laptop?
No. Students are required to arrange their own laptops.

Career Services / Placements

Will I receive on-campus placement assistance?
Yes. The Career Development Centre (CDC) provides end-to-end career support, including internships, placement preparation, and final placements.

What kind of job roles are available for MSQF students?
Quantitative Analyst, Quantitative Researcher, Risk Manager, Quantitative Portfolio Manager, Financial Engineer, Financial Analyst and more.

Campus, Housing, and other facilities

Does Ahmedabad University offer housing facilities for students?
Yes. Ahmedabad University provides fully residential student housing facilities. The standard accommodation is twin-sharing, air-conditioned rooms with modern amenities.

Is it mandatory to stay in the housing facility provided by Ahmedabad University?
No but we strongly encouraged all students to reside in Ahmedabad University’s housing facilities.

How far is the student housing from the campus?
The housing is located within one kilometre of the Central Campus.

What facilities are provided at the student residences?
Facilities include furnished rooms with beds and wardrobes, study tables, attached washrooms, laundry services, internet, medical support, security systems, and transportation to campus.

What facilities are provided on the campus?
Refer for more details on campus facilities.

How will students commute between campus and student housing?
A free shuttle bus service is provided for students.

MS in Quantitative Finance Programme

Will I receive an MS degree?
Upon successful completion of the programme, students are awarded an ‘Master of Science in Quantitative Finance’ degree from Ahmedabad University, a State Private University established under an Act of the Gujarat State Legislature and recognised by the University Grants Commission (UGC).

How is Bloomberg Terminal useful for MSQF students?
MSQF students are expected to make extensive use of the Bloomberg Terminals. It gives students hands-on access to the Bloomberg Terminal, the definitive software platform used by top asset managers, hedge funds, and investment banks worldwide. It helps bridge the gap between complex mathematical theory and practical, real-world financial application.

Bloomberg Terminal also offers four primary self-paced e-learning certification programmes which students can complete.

Student Testimonials

Admission Events

The Office of Graduate admission conducts regular outreach events on campus and online with students, parents, educators, and counsellors regularly to familiarise them with various aspects of learning and student life at Ahmedabad University. The team also participates in various Education Fairs across India. We encourage diversity and seek to create a fair and equitable opportunity as you aspire to learn at the University. We encourage students from different cultures, states, and socio-economic strata.

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Student Residences

Student Residences offers students all the facilities for modern, comfortable, and secure living. The graduate living facilities symbolise the building of a community with respect for diversity in ideas, ways of living, food preferences, cultural practices, languages, and religions.

Located within a radius of one kilometre from Ahmedabad University’s Central Campus, the residence offers twin sharing, air-conditioned accommodations. The hostel is subject to a three-tier security network, including guards, CCTV surveillance, and door alarms. Additional facilities include laundry, transportation to and from the campus, on-call medical services, internet, and more. The University campus also provides a variety of recreational opportunities and cafeterias.

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