Microwave-assisted syntheses of colloidal nanocrystals (NCs), in particular CdSe quantum dots (QDs), have gained considerable attention due to unique opportunities provided by microwave dielectric heating. The extensive use of microwave heating and the frequently suggested specific microwave effects, however, pose questions about the role of the electromagnetic field in both the formation and quality of the produced QDs. In this work a one-pot protocol for the tunable synthesis of monodisperse colloidal CdSe NCs using microwave dielectric heating under carefully controlled conditions is introduced. CdSe QDs are fabricated using selenium dioxide as a selenium precursor, 1-octadecene as a solvent and reducing agent, cadmium alkyl carboxylates or alkyl phosphonates as cadmium sources, 1,2-hexadecanediol to stabilize the cadmium complex and oleic acid to stabilize the resulting CdSe QDs. Utilizing the possibilities of microwave heating technology in combination with accurate online temperature control the influence of different reaction parameters such as reaction temperature, ramp and hold times, and the timing and duration of oleic acid addition have been carefully investigated. Optimum results were obtained by performing the reaction at 240 °C applying a 5 min ramp time, 2 min hold time before oleic acid addition, 90 s for oleic acid addition, and a 5 min hold time after oleic acid addition (8.5 min overall holding at 240 °C). By using different cadmium complexes in the microwave protocol CdSe QDs with a narrow size distribution can be obtained in different sizes ranging from 0.5-4 nm by simply changing the cadmium source. The QDs were characterized by TEM, HRTEM, UV-Vis, and photoluminescence methods and the size distribution was monitored by SAXS. Control experiments involving conventional conductive heating under otherwise identical conditions ensuring the same heating and cooling profiles, stirring rates, and reactor geometries demonstrate that the electromagnetic field has no influence on the generated CdSe QDs. The resulting CdSe NCs prepared using either conductive or microwave dielectric heating exhibited the same primary crystallite size, shape, quantum yield and size distribution regardless of the heating mode.