Master in Quantitative Investment Management. High Value Career Skills. MQIM Program Fredericton

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1 Master in Quantitative Investment Management High Value Career Skills MQIM Program Fredericton

MQIM at UNB Fredericton The University of New Brunswick s Master in Quantitative Investment Management (MQIM) degree is a one-of-a-kind

The program will equip graduates with the fundamentals of finance knowledge combined with analytic and programming skills, as well as

Quantitative Investment Management integrates tools from finance, economics, applied mathematics, statistics and computer programming

These skills are sought by investment and commercial banks, trading companies, hedge funds, insurance companies, corporate risk

2 MQIM at UNB Fredericton The University of New Brunswick s Master in Quantitative Investment Management (MQIM) degree is a one-of-a-kind one-year graduate program that will prepare you for a specialized career in quantitative investment management. The program will equip graduates with the fundamentals of finance knowledge combined with analytic and programming skills, as well as professional development competencies demanded by the finance industry. Quantitative Investment Management integrates tools from finance, economics, applied mathematics, statistics and computer programming to address problems in derivative securities valuation, dynamic investment strategies and risk management. These skills are sought by investment and commercial banks, trading companies, hedge funds, insurance companies, corporate risk managers and regulatory agencies. This program is a perfect fit for you if you are interested in a career in investment management and have a strong quantitative background in business, economics, mathematics, statistics, computer science, science or engineering.

Hedge funds Pension funds Private equity Mutual funds Investment banks High frequency trading firms Algorithm trading firms CAREERS The finance industry increasingly needs professionals with

3 Hedge funds Pension funds Private equity Mutual funds Investment banks High frequency trading firms Algorithm trading firms CAREERS The finance industry increasingly needs professionals with quantitative investment skills, especially for positions in the buy-side such as portfolio manager or risk manager in investment and commercial banks, trading companies, hedge funds, insurance companies and regulatory agencies. After completing our MQIM you will be qualified for a career in derivatives trading and valuation, and in risk management with banks, investment firms and brokerage houses, as well as other financial institutions and consulting firms. In Canada, most pension funds are now adopting a quantitative finance approach and are thus potential employers of MQIM graduates. Some potential employers include the following: Alberta Investment Management Corporation (AIMCO) BC Investment Management Corporation (BCIMC) Canadian Pension Plan Investment Board (CPPIB) Ontario Teacher s Pension Plan (OTPP) Vestcor Investment Management Corporation (VIMC) Hedge funds and financial software suppliers also require employees with the quantitative skills our MQIM graduates will develop.

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Curriculum and Program Sequence This one-year program runs from August to July and consists of 24 credit hours of course work, 6 credit hours for a capstone project and two mandatory non-credit

SUMMER I August - September (3 weeks) Pre-term Boot Camp (non-credit) TERM 1 September - December (13 weeks) Financial Data Analysis (3ch) Introduction to Financial Derivatives (3ch) Quantitative

5 Curriculum and Program Sequence This one-year program runs from August to July and consists of 24 credit hours of course work, 6 credit hours for a capstone project and two mandatory non-credit professional development modules. Courses are taught by financial experts from both the investment industry and UNB faculty. SUMMER I August - September (3 weeks) Pre-term Boot Camp (non-credit) TERM 1 September - December (13 weeks) Financial Data Analysis (3ch) Introduction to Financial Derivatives (3ch) Quantitative Portfolio Investment Management (3ch) One elective (3ch) Professional Development I (non-credit) TERM 2 January - April (13 weeks) Introduction to Fixed Income Securities and Interest Rate Derivatives (3ch) Financial and Portfolio Risk Management (3ch) Algorithmic Trading (3ch) One elective (3ch) Professional Development II (non credit) SUMMER II May - June (6 weeks) Capstone project (6ch) Pre-term Boot Camp Our three-week Boot Camp provides you with basic knowledge of coding in high-level computer language, financial databases, quantitative methods, financial markets, corporate finance and accounting. Electives The program allows you the flexibility to complete two courses of your choice. These may include such courses as the following: Value Investing (3ch) Venture Assessment (3ch) Student Investment Fund* (6ch) Student Investment Fund* (6ch) Our renowned Student Investment Fund course combines theoretical learning about financial investment and portfolio management with hands on experience. Under the guidance of faculty advisers, students manage a fund worth over $8.0 million (CDN). The course involves detailed analysis of macroeconomic, industry and company fundamentals and entails preparation, on a regular basis, of up-to-date reports and presentations of portfolio analysis, selection and management. Professional Development MODULES (non-credit) In addition to your coursework, the first two terms will include hands-on training leading to certifications in Excel and Bloomberg (or other industry relevant software), as well as sessions on strategic career development, ethics and the application of quantitative techniques to investment management. Capstone Project (6ch) Your MQIM program ends with an experiential exercise in which you demonstrate, apply and integrate the knowledge gained throughout your coursework under the supervision of a faculty member in either (1) a research paper or (2) an internship.

Admission Criteria Application Package Academic: Applicants should have completed a bachelor degree from a recognized university or institution with a minimum CGPA of 3.0/4.

6 Admission Criteria Application Package Academic: Applicants should have completed a bachelor degree from a recognized university or institution with a minimum CGPA of 3.0/4.3 (a B or 70%) and a minimum GMAT of 600 or GRE of 300 and a strong quantitative background. Preference will be given to applicants with degrees in business, economics, mathematics, statistics, computer science, science or engineering. Computer programming skills are preferred. Successful completion of a university-level microeconomics course is a prerequisite to begin the MQIM program. Work experience: Relevant work experience in the finance industry is preferred but not required. Official transcripts: Transcripts of all undergraduate and graduate work are required. Statement of purpose: In a letter, explain your background, why you want to pursue the MQIM and describe your career goals. Résumé: Include a detailed résumé of your academic studies, work experience (part-time and full-time), and computing skills. GMAT score: An official GMAT result (minimum score of 600) or the equivalent GRE result. Application fee: For current information about this fee visit Application deadline: March 31. Credit for prior courses: It may be possible to receive advanced standing for courses previously taken. For more information, contact the Associate Dean, Research and Graduate Studies at or MQIM@unb.ca. Scholarships: Scholarships are available to students on a competitive basis. English proficiency: Applicants whose primary language is not English must submit a standardized English test score. A minimum score of 92/120 (Internet based) on the Test of English as a Foreign Language (TOEFL) or a minimum score of 7/9 on the International English Language Testing System (IELTS) is required. English language score: If English is not your first language, provide an official TOEFL (minimum score 92/120) or IELTS result (minimum score of 7/9). Reference letters: Provide three reference letters; at least one must be academic from a current or previous professor.

7 ESTABLISHED IN 1785, the University of New Brunswick is the oldest English speaking university in Canada. Our MQIM students join a close community of other graduate students, professors, alumni and local business leaders. Fredericton is the capital city of New Brunswick and offers a low cost of living, a balanced lifestyle with abundant recreational and cultural amenities, short commutes and affordable, safe living. The city is known for its Harvest Jazz & Blues Festival, one of the largest in Atlantic Canada. In 2016 Fredericton was named Startup Community of the Year by Startup Canada, and in 2014 was described in KPMG s Competitive Alternatives Study as one of the Top 5 Most Cost-Competitive Places to Do Business in the Americas. Home to Knowledge Park, Atlantic Canada s largest technology and research park, the city is recognized as a hub for world leading digital infrastructure and research and development.

8 MQIM at UNB Fredericton CONTACT Graduate Office FACULTY OF BUSINESS ADMINISTRATION University Of New Brunswick PO Box 4400, Fredericton NB Canada E3B 5A3 T F MQIM@unb.ca apply.unb.ca MQIM Program Fredericton

POSITION YOURSELF FOR SUCCESS. WHY CHOOSE THE MSc FINANCE?

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