Considering a master’s degree in business typically presents a lot of questions. What should you focus on? Do you need more specialist or generalist skills? What are industry leaders really looking for in new employees? If you have a passion for finance or economics, the QTEM Network (Quantitative Techniques for Economics and Management) has answers for you!
In 2012, the QTEM degree was launched to give students ideal preparation for sought-after careers in multinational companies and international institutions. Corporate partners like Deloitte and McKinsey helped design a curriculum that provides graduates with the skills and experience that employers look for in top candidates: quantitative and analytical skills, international experience and practical work experience.
BI is one of 22 select global business schools that participate in the QTEM program. Students take one semester of classes at BI, two semesters studying abroad at other QTEM partner schools and one semester completing a relevant internship.
Graduates leave the QTEM program with:
- Two degrees (one from BI and one from QTEM)
- Academic experience highly valued by industry leaders (because they helped design the curriculum)
- International experience and connections (awesome for you network)
- Practical experience (from 300 hours of relevant internship(s))
But don’t just take my word for it! I spoke with several of BI’s current QTEM students to get their first-hand perspective:
Name: Øyvind Vennerød
QTEM Major & Graduation Year: Finance, 2019
Hometown: Oslo, Norway
Bachelor’s from: BI Oslo (Oslo, Norway)
What inspired you to apply to QTEM? First and foremost, the quantitative focus. Numbers are the gateway to understanding the world. Both BI and the partner universities have some really cool and exciting modules where you learn the quantitative skills to truly understand how the world works.
Secondly, the international opportunities. QTEM students study at a total of three different universities in three countries. The different universities will teach different perspectives, and that’s one of the most important skills you can have in life—being able to look at a problem from many angles.
Beyond that, each QTEM university has its own group of incoming QTEM students, and you’re encouraged to meet up. That seems like it will be such a phenomenal experience—many clever, quantitatively interested people from all around the world meeting up. Deep, insightful conversations are certain to ensue!
Why did you choose BI for your QTEM studies? I took my bachelor at BI Oslo, and adored almost every minute, so taking my masters at BI too was an easy choice.
Name: Raphael Nguyen
QTEM Major & Graduation Year: Finance, 2019
Hometown: Hanoi, Vietnam
Bachelor’s from: National Chengchi University & National Taiwan University (Taipei, Taiwan)
How did you first learn about the QTEM network? I first heard about the network in 2016. I actually applied to BI’s MSc Finance program last year instead of QTEM Finance, as I had never heard about QTEM. However, a recruitment manager from BI approached me to pitch about the program and highlighted its benefits (two exchanges in two different countries, exclusive internships etc.). I appreciated the difference of the QTEM program than the usual Business Finance track, which could make me stand out as a future job application in Norway. I got in last year but decided to postpone for another year to accumulate some more work experience, and here I am now, thanks to the BI Presidential Scholarship!
What inspired you to apply? Reputation of BI, exclusive internship opportunities, valuable network are the reasons to apply to the program. In addition, I’ve always been fascinated about Norwegian landscape and the Norwegian values of openness, equality and equal rights that are deeply rooted in daily lives. After studying and working in Asia for all my life, I was looking for a different cultural experience and for some reasons I wanted to go off the beaten path (such as the US, UK, Australia etc.) and learn another European language. I feel honored be awarded the Presidential Scholarship to study here at BI.
Why did you choose BI for your QTEM studies? BI is simply one of the best business schools in Scandinavia and Europe. It’s quite well-known among our Vietnamese international students community. In recent years the school has performed very well in global rankings, thanks to its continuous focus on internationalization. The fact that BI is located in the heart of Oslo and that it offers numerous (full) scholarships for international students motivated me to apply.
What advice would you give to incoming students considering BI’s QTEM program? The QTEM program has more requirements than the usual Business Finance programs, particularly regarding a mandatory internship and quantitative modules. If you are an international students, you will have to deal with a lot of paperwork, including application to the host uni, visa application, Erasmus scholarship, learning agreement etc., most likely right after you are settled in Norway. If you plan on learning Norwegian to work in Norway after graduation, going out on exchange could potentially disrupt your language learning process. However, I firmly believe the academic and professional experience gained from the QTEM network offer far more benefits than (pleasant) headaches and can truly set you apart from the pack.
Name: Nicoline Skaug
QTEM Major & Graduation Year: Finance, 2018
Hometown: Oslo, Norway
Bachelor’s from: East Carolina University (Greenville, North Carolina, USA)
What inspired you to apply for QTEM? I decided to apply for the QTEM program mainly because of the global perspective and the two semesters of exchange that the program offers. I love traveling and have always been curious of other cultures and languages. I also like how QTEM focuses on quantitative and analytical skills, which I believe are important and valuable skills in the job market.
How to you think your QTEM studies will help your career? First of all, I think the QTEM studies will be a great help in my career because of the global competence it provides. Being a QTEM student you learn to adapt to different people and cultures, which I believe is important in today’s globalized work market. I also believe that QTEM’s focus on quantitative and analytical skills will help my career as these are crucial skills for basically all areas in finance and economics.
Finally, I believe QTEM studies will help my career because of the valuable networking opportunities it offers. Throughout the two years of the master program I will network with people here in Norway at BI, people at the two exchange universities I go to and with my classmates in the program. I believe having a wide network of friends and acquaintances is valuable for my career because with contacts all around the world in different industries and work-areas I will have a lot of different people to ask questions to, get advice from and learn from.
What would be your ideal QTEM internship experience? My ideal QTEM internship experience would be to obtain an internship as a consultant, a field that I am very curious about. Getting a better insight to how it is to be a consultant would be a valuable experience and an opportunity to see if the consultancy business it is a good fit for me and vice versa.
Anything else interesting to share about your BI QTEM experience? I would like to highlight how open and inclusive the social life is at BI. Before attending BI I did not know what to expect from a social standpoint. However, after starting at BI I have gotten a lot of new friends both Norwegian and international. People have been more open and accommodating than I could ever imagine. There are almost indefinite ways to get involved in student organizations and clubs, and also the Buddy-week is a great way to meet new people and make friends right away.
Name: Vu Ngo
QTEM Major & Graduation Year: Economics, 2019
Hometown: Da Nang, Vietnam
Bachelor’s from: Kelley School of Business (Bloomington, Indiana, USA)
What inspired you to apply to QTEM? The program is very well structured to help develop quantitative skills and apply those skills in international contexts.
What advice would you give to incoming students considering BI’s QTEM program? I highly encourage students to check out the QTEM master program and apply for it. This program is a great opportunity to obtain knowledge in quantitative fields at top-notch institutions all over the world. At the same time, we also learn to adapt to a variety of international environments.
Anything else interesting to share about your BI QTEM experience? More than just providing valuable knowledge and skills, the QTEM experience has connected me with some of the brightest and kindest people with whom I hope to form long-lasting friendships!