Pursue your Quant Finance  without  GMAT/GRE in 2025!

Introduction

Quant Finance or Quantitative Finance is one of the most dynamic fields in finance in 2025. Ever thought of merging mathematical models with financial concepts like asset pricing, risk management, and investment? Then you are at the right place.

Quant Finance is a specialized branch of Finance that deals with sophisticated financial models and strategies. Many times you might find it as a special paper in your Master’s in Finance curriculum. However, some universities offer you a Master of Quant Finance if you have the necessary prerequisites needed to pursue this mathematically heavy side of finance. 

Is GMAT really a necessary component for pursuing a  Master’s in Quant Finance?

A Master’s in Quant Finance is a very intensive and mathematically heavy program. which mostly attracts students coming from a quantitative background like mathematics, statistics, finance, or other relevant with at least some substantial coursework in quantitative subjects. GMAT and GRE test you on your quantitative aptitude and potential to handle the workload of a Master’s in Quant Finance. That is why GMAT is traditionally a mandatory component for application to a Master's in quant finance program.

However, it is no longer a mandatory component. Universities are waiving off their GRE/GMAT for students with strong quantitative backgrounds or years of relevant professional experience or mathematical and statistical skills in terms of research projects. Other official certifications like CFA, and FRM can also help you waive off your GMAT or even compensate for your low CGPA!

By the way, did you know you can access our GMAT waiver for FREE today? What are you waiting for? If you are someone who wishes to break through into the finance regime but is scared of GMAT or GRE. Access alternate ways to pursue your Master’s in Finance-Quant Finance without GMAT here!

List of top Master’s in Quant Finance without GMAT/GRE

Ready to kickstart your quant finance journey with a Master’s in Quant Finance without GMAT/GRE? Here is a list of top Master’s in Quant Finance without GMAT/GRE for 2025!

University of Michigan

• The University of Michigan is one of the top universities in the USA for Quant finance and mathematics programs.
• It is typically a full-term 18 months program
• Each year they admit a closely-knit cohort of 30+students (32 in the 2024 cohort)
• The average GPA for admission is recorded at 3.6 for th 2024 cohort with a 169 on the quant part of the GRE.
• Due to its famous programs and international presence, the University of Michigan sees an overall diversity of 87% which mostly comes from Mathematics and Finance backgrounds.
• The University of Michigan requires GRE scores for admission to its Master's in Quantitative Finance Program. 
• GRE/GMAT scores are not required for AMDP(Accelerated Master's Degree Program) applicants at the University of Michigan, however, they are encouraged. 
• The tuition for international students is $28,722 per semester.

University of Manchester

• The University of Manchester houses some of the best quant finance faculties making it one of the best programs to attend if you are looking for a master's in quant finance in 2025.
• The Class of 2024 sees an average of 50 students (11+ nationalities) in the age range of 20-38  
• It is typically a 1-year full-term program.
• You do not need a GMAT/GRE to apply for this course, but if your degree lacks enough quantitative courses, the Admissions Team may request it after reviewing your application.
• The fee for international students is £35,000 for the AY 2025

The University of Zurich

• The Master of Science in Quantitative Finance is a joint program between the University of Zurich and ETH Zurich, bringing together two top research groups.
• The program combines economic theory with mathematical methods, such as probability theory, statistics, econometrics, and numerical analysis. 
• Furthermore, the program covers current FinTech developments through a series of lectures
• The program typically consists of 2 semesters (1.5 years total duration)  with an acceptance rate of 15-20%
• Career support and internships are an interesting part of this program.
• Due to the strong alumni and industry events, candidates often secure high-paying jib offers.
• GMAT scores are not necessary for admission
• The tuition fee per semester is CHF 780, plus a supplementary charge of CHF 100 for international students.

New York University (NYU)

• NYU Shanghai hosts a Master's in Quant Finance program, which is one of the best in the world
• Demographics show that the class of 2025 sees students with an average age of 23.
• The recorded average GPA is 3.7 with the maximum coming from Economics, Finance, and Business.
• NYU’s Master’s in Quant Finance sees an international presence of around 68%
• Around 26% of the candidates are working professionals with 1.7 years of experience.
• This programme is typically 12 months
• The program fee for the class of 2025 is $87,800 with a tuition deposit of $7,200

National University of Singapore(NUS)

• NUS is one of the best universities in Asia as well as across the Globe
• And the great news is you don't need GMAT/GRE scores to secure admission!
• The full-time program is 1 year and may go up to 2 years depending upon your profile.
• NUS offers a bunch of scholarships. Keep checking the official websites for more information.
• The average age of the cohort is estimated to be 26 with 3-4 years of experience.
•  The program fee for the class of 2025 is $55,590

However, these are not all! Below we have curated a list of Master’s in Quant Finance without GMAT/GRE just for you!

*Note that you need GRE scores to be admitted to the Masters in Quantitative Finance Program at the University of Michigan. However, if you are an AMDP(Advanced Management Development Program) Applicant in the University of Michigan, you don't need(but are encouraged to) to submit GRE/GMAT scores. 

Interested in pursuing a Master’s in Quant Finance across the globe? Here’s a list of top Master’s in Quant Finance programs for 2025! There are a ton of B-Schools which accept CFA instead of GMAT scores-Here is a list of top Finance programs which accept CFA instead of GMAT.

Conclusion

With the current surge of demand for quant finance analysts and other similar roles a Master’s in Quant Finance is one of the best master’s you can pursue in 2025 if finance and stats excite you and you love fiddling with numbers. Given the demand for strong quantitative skills over standardized test scores, focusing on relevant academic and professional achievements can help you gain admission even without a GMAT. 

If you are interested in pursuing a career in quant finance without taking GMAT, or GRE, these programs are excellent alternatives. Book a call with our found and let us help you find the perfect shortlisted universities based on your profile and ambitions!