Why is MSc in Quantitative Finance better than MSc in Accounting?

Estimated read time 4 min read

Many undergraduate degree students and applicants contemplating a return to school face the dilemma of picking a choice between an MSc in Accounting or a master’s degree in Finance. This is because both are in-demand skills that are highly rewarding and also have some crossover but open doors to two different worlds on completion of the course. The students who study accounting tend to have a better knowledge of the principles and processes that can be used to manage numbers. On the other hand, finance has a wider range in focus and MSc in Quantitative Finance particularly involves classes on data analysis in addition to conventional finance classes or analysis and strategizing. The article provides a complete description of a master’s course in Quantitative Finance and career potential to help students make a better choice in choosing for their master’s program. Although it depends solely on the interest and choice of the student to make a choice, finance tends to provide a wider range of career opportunities.

What is MSc in Quantitative Finance?

The various courses of different universities for MSc in Quantitative Finance in Singapore expose the students to various mathematical methods that are strategically used to solve issues relating to contemporary financial economics. The program provides the students with an opportunity to practice their skills of trading and investing and analyse the credit-related risks. By the end of the course, students can analyse and manage quant groups and can also evaluate the prices of bonds and equity. This is particularly due to the knowledge of various theoretical, mathematical, and computational skills that they gain during the path of completion of the program. In addition, they learn to extract the actual required information from massive databases and perform rail risk analysis. As the students get equipped with such a wide range of skills, they have more career opportunities to choose from.

Benefits of the Course

The graduates holding a degree of MSc in Quantitative Finance in Singapore have access to professionals in the industry. They have opportunities to apply the skills that they develop. The students get to build their credibility like professionals while still being a part of the educational program. Moreover, the students who wish to pursue the field can further opt for a PhD in finance where they get to learn the theoretical dimension to the discipline. This is so because the course provides the students with a strong technical background and in-depth knowledge of the concepts of mathematics, statistics, and capital markets. Thus, the students of this course cover more topics than those covered by students pursuing a master’s in finance and MSc in Accounting. The course also proves to be beneficial to those who practice or wish to pursue a career as a risk analyst in any asset management industry.

Job Opportunities

The graduates holding a degree of MSc in Quantitative Finance in Singapore can expect to find themselves at influential, lucrative, and high-paying positions such as asset managers and actuaries in a range of different industries according to their choice. There is a lot of demand for this particular skill set in both public as well as private sector undertakings that offer not just higher salaries but also better working conditions. The graduates of this course can look for a career in the finance industry with specialisation in the field of designing and trading financial instruments. They can take up roles as risk managers, financial engineers, derivatives traders, asset managers, fund managers, and consultants in stock brokerages, supervisory financial institutions, and asset management companies.


It is important to keep in mind while making a choice that the salary offered should never be the only consideration while selecting a career option among the two fields.

Alt Text: MSc in Accoutning in Singapore

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