- Location
- Brooklyn, NY 11201
- Application deadline
- Feb 15
At the NYU Tandon School of Engineering, we train our students to do exactly that: to engineer the future of finance and transform financial theory into practice. Launched in 1995, the MS in Financial Engineering (MSFE) at the Department of Finance and Risk Engineering (FRE) was the first curriculum to be certified by the International Association for Quantitive Finance (IAQF). As one of the largest and most prestigious financial engineering programs, we expand conventional financial engineering to encompass technology and innovation, including artificial intelligence, machine learning, blockchain/cryptocurrencies, and data science. Our international reach creates opportunities for partnerships with the most renowned universities, professors, and institutions from around the world.
ADMISSIONS
The Department receives a large number of applications every year. To be considered for admission into the MS in Financial Engineering program, students must have a Bachelor’s Degree from an accredited institution and proven mathematical proficiency in:
CURRICULUM
The program requires the completion of 33 credits to qualify for graduation. FRE offers over 80 courses, taught by faculty with extensive practical expertise, who produce world-class research while teaching both introductory and advanced courses in a small class setting.
To earn a Master of Science in Financial Engineering, students must complete 33 credits to qualify for graduation, as follows:
PROGRAM FEATURES
Pre-Program Boot Camp: In order to help incoming students reach their maximum potential, the FRE department provides a comprehensive two-part pre-program boot camp every summer. The boot camp consists of an optional six-week online course in early summer, and a mandatory two-week intensive program on campus in August prior to the start of the Fall semester. Covered topics include Capital Markets, Advanced Calculus, Linear Algebra, Python Programming, Probability, Statistics & Risk Management.
The boot camp’s purpose is to prepare incoming students for the interview process that will begin soon after the start of the Fall semester. The top financial firms recruit in October for quantitative internships beginning in June of the following year. The boot camp evaluates students on a pass/fail basis, but the perspective gained is invaluable for gaining an overall understanding of firms' expectations of job candidates coming from an engineering school. The types of questions asked by interviewers are broad, ranging from mathematical brain teasers to technical programming questions involving machine learning and artificial intelligence. Candidates may also be asked to take written exams with questions on stochastic calculus, Black-Scholes theory, or Python coding. There is a lot to know, and few people (if anyone) have mastered it all, but attending the boot camp is the fastest way to become familiar with the landscape of topics important to the modern financial services industry.
Customized Educational Experience: NYU Tandon MSFE students have the flexibility to tailor their academic and professional focus in a way that best suits their interests and backgrounds. The Tandon MSFE is not a “one-size-fits-all” program, and is proud to have graduates beginning their careers in a range of functions within the industry; from Traders to Desk Quants, Risk Analysts, Software Developers, and beyond.
Large Course Offering: Over 50 department-specific courses are offered to the Tandon MSFE students each semester.
Small Class Sizes: The average class size is around 15 students, and no classes are larger than 30.
MSFE Career Guidance: In addition to the resources provided by the university-wide NYU Wasserman Career Center MSFE students have the benefit of receiving career support through the in-house FRE Department Career Resources as well. From FRE alumni networking events to recruiting presentations, resume reviews, and mock interviews; there is no shortage of resources available to students in the program. The FRE Career Placement Director works closely with students in the program to provide the resources and guidance they need to succeed.
Weekly Seminars with Industry Practitioners: Students are exposed to industry practitioners through the Peter Carr Brooklyn Quant Experience (BQE) Seminar Series, as well as talks provided via program partnerships, such as the Quantitative Finance Weekly Seminar.
Industry Connectivity: For the Tandon MSFE, integration with industry is not just a “nice to have,” it’s a “must-have.” Between 2016 and 2020, 40 new professors were brought on board from the industry, and that number continues to grow. The program is constantly evolving and adapting to the ever-changing climate of the industry and markets.
For more information, please visit the program's website:
Finance and Risk Engineering
Stay up-to-date with department news whether on the go or at your desk. Follow FRE on LinkedIn, Twitter, Instagram, Facebook, and YouTube.
ADMISSIONS
The Department receives a large number of applications every year. To be considered for admission into the MS in Financial Engineering program, students must have a Bachelor’s Degree from an accredited institution and proven mathematical proficiency in:
- Linear Algebra
- Probability Theory
- Calculus
- Applied Statistics
- Computer Programming
CURRICULUM
The program requires the completion of 33 credits to qualify for graduation. FRE offers over 80 courses, taught by faculty with extensive practical expertise, who produce world-class research while teaching both introductory and advanced courses in a small class setting.
To earn a Master of Science in Financial Engineering, students must complete 33 credits to qualify for graduation, as follows:
- 5 core courses (15 credits)
- Focus area and general elective courses within FRE and closely related fields personalized by the student, totaling 13.5 credits
- 1 applied lab (1.5 credits)
- Capstone experience (3 credits)
- Capstone assessment (0 credits)
- Bloomberg Markets Concepts certification (0 credit)
- Financial Markets and Corporate Finance
- Computational Finance
- Technology and Algorithmic Finance
- Risk Finance
PROGRAM FEATURES
Pre-Program Boot Camp: In order to help incoming students reach their maximum potential, the FRE department provides a comprehensive two-part pre-program boot camp every summer. The boot camp consists of an optional six-week online course in early summer, and a mandatory two-week intensive program on campus in August prior to the start of the Fall semester. Covered topics include Capital Markets, Advanced Calculus, Linear Algebra, Python Programming, Probability, Statistics & Risk Management.
The boot camp’s purpose is to prepare incoming students for the interview process that will begin soon after the start of the Fall semester. The top financial firms recruit in October for quantitative internships beginning in June of the following year. The boot camp evaluates students on a pass/fail basis, but the perspective gained is invaluable for gaining an overall understanding of firms' expectations of job candidates coming from an engineering school. The types of questions asked by interviewers are broad, ranging from mathematical brain teasers to technical programming questions involving machine learning and artificial intelligence. Candidates may also be asked to take written exams with questions on stochastic calculus, Black-Scholes theory, or Python coding. There is a lot to know, and few people (if anyone) have mastered it all, but attending the boot camp is the fastest way to become familiar with the landscape of topics important to the modern financial services industry.
Customized Educational Experience: NYU Tandon MSFE students have the flexibility to tailor their academic and professional focus in a way that best suits their interests and backgrounds. The Tandon MSFE is not a “one-size-fits-all” program, and is proud to have graduates beginning their careers in a range of functions within the industry; from Traders to Desk Quants, Risk Analysts, Software Developers, and beyond.
Large Course Offering: Over 50 department-specific courses are offered to the Tandon MSFE students each semester.
Small Class Sizes: The average class size is around 15 students, and no classes are larger than 30.
MSFE Career Guidance: In addition to the resources provided by the university-wide NYU Wasserman Career Center MSFE students have the benefit of receiving career support through the in-house FRE Department Career Resources as well. From FRE alumni networking events to recruiting presentations, resume reviews, and mock interviews; there is no shortage of resources available to students in the program. The FRE Career Placement Director works closely with students in the program to provide the resources and guidance they need to succeed.
Weekly Seminars with Industry Practitioners: Students are exposed to industry practitioners through the Peter Carr Brooklyn Quant Experience (BQE) Seminar Series, as well as talks provided via program partnerships, such as the Quantitative Finance Weekly Seminar.
Industry Connectivity: For the Tandon MSFE, integration with industry is not just a “nice to have,” it’s a “must-have.” Between 2016 and 2020, 40 new professors were brought on board from the industry, and that number continues to grow. The program is constantly evolving and adapting to the ever-changing climate of the industry and markets.
For more information, please visit the program's website:
Finance and Risk Engineering
Stay up-to-date with department news whether on the go or at your desk. Follow FRE on LinkedIn, Twitter, Instagram, Facebook, and YouTube.
