COMPARE NYU Tandon MFE vs Stevens Institute of Technology MFE

[aspirantfe]

Hello all,

I have got admits for MFE program from Stevens Institute of technology and NYU-Polytechnic. I would like to know some pros and cons (along with some statistics if possible) of both of them which would help me decide which one to opt for.
Need to compare both w.r.t. below points:
- although courses on the Univ website look impressive but need some insight whether their course structure is aligned to the industry requirements
- teachers/ teaching quality
- Career/ job placement statistics (even approximate idea will be appreciated)

Also, say suppose, if I get some scholarship in NYU-Poly, and if at the same time Stevens is slightly on the upper side (w.r.t above points) as compared to NYU-Poly, then should I go for Poly or Stevens?

Replies/responses are highly appreciated. Please help.

 

[olgenue]

Hi aspirantfe,
I graduated from Stevens MFE in May 2008 and the course curriculum has been evolving to meet students', industry's needs.
I can only speak for my own experiences as a student so what applies to me may or may not apply to anyone else for that matter.
What I like most about Stevens MFE is its flexibility in its curriculum. I was able to take relevant, proof-based classes in mathematics which I think is useful when coming across financial models or equations which requires a certain level of mathematical maturity to understand. I think this is what makes a good education; in that it builds the necessary foundation for us to survive/learn new things on our own after graduation.
Depending on your interests, you can specialize in 3 or 4 different financial engineering tracks under Stevens MFE program. The more mathematically-inclined students and/or students who wish to pursue a PhD in Financial Engineering tend to specialize in the Quantitative Financial Engineering track.
I like the quality of teaching at Stevens. Most of my professors at Stevens teach well. I attended a so-called top tier undergraduate school and felt short-changed as professors tend to focus on their own research rather than teaching students well.
Despite all the above pluses, career placement for Stevens MFE is not very good, which is regrettable because Stevens has such a strong reputation amongst employers in its main engineering and computer science programs. I don't know how difficult or easy it is for Stevens to leverage that reputation and extend it to financial engineering and I think more effort and coordination is needed from both the program director and career services.
In terms of education quality, I think both Stevens and NYU-Poly are about the same with NYU-Poly having the slight edge due to its connection to NYU and possible synergies and benefits to tap from NYU faculty/network. One huge potential benefit is the NYU's career office which I surmise NYU-Poly students have access to as well. Another benefit of attending NYU-Poly is the growing reputation due to the connection to NYU. Being in Manhattan and closer to where the financial action is helps a lot as well.
If I were you, I would go for NYU-Poly.

 

[Andy Nguyen]

One huge potential benefit is the NYU's career office which I surmise NYU-Poly students have access to as well.
Incorrect. NYU MathFin and NYU-Poly FE are two independent programs with no career services resource being shared.
NYU-Poly main campus is in Brooklyn with satellite office in 55 Broad street building. This is the same building that CMU, Cornell rent for their NYC classroom.

The only programs with Manhattan campus are Baruch, Columbia, NYU, Fordham.

 

[Joy Pathak]

Also if I am not wrong, Nyu-Poly has a massive class. 200+ from what I had read somewhere?

 

[Andy Nguyen]

NYU Tandon School of Engineering - MS in Financial Engineering

4/14/13

Bridging Financial Theory and Practice

• Andy Nguyen
• United States

 

[Joy Pathak]

The NYU-Poly FRE program is the largest in the world, about ten times larger than the average program. Financial engineering programs typically have about 25-35 students. NYU-Poly FRE has about 350.

Wow....350.

and What the hell.. Google Rankings?

A robust and transparent comparison can be done with the number of pages returned by a simple Google search. The table below shows the approximate number of Google results for each program.

 

[olgenue]

Thanks, Andy, for clarifying.
Could you also list down the electives you have taken as Baruch so people who are not accepted to Baruch MFE can at least use it (along withe Baruch's core classes) as a benchmark/guideline for the kind of classes they can take at their respective institutions?

 

[aspirantfe]

Thanks Andy, Joy, Olgenue for your inputs/suggestions. I really appreciate. Given that the placement scenario is equally bad at both the univs and faculty is good, I might go with the option of taking up NYU-Poly as it is strategically located. Also considering the fact that I have been awarded some scholarship I am seriously thinking of taking up NYU-Poly.

 

[billy d]

From what I was told about NYU-Poly from a professor on the admissions committee, they admit about 120 students and about 90 enroll.

 

[Andy Nguyen]

Thanks, Andy, for clarifying.
Could you also list down the electives you have taken as Baruch so people who are not accepted to Baruch MFE can at least use it (along withe Baruch's core classes) as a benchmark/guideline for the kind of classes they can take at their respective institutions?

9845, 9848, 9873, FIN 9790

 

[rac]

Hi Guys,

I have got admits from Stevens Institute of Technology and NYU poly into their respective financial engineering courses.
Out of your knowledge and experience please help me decide which one to choose.

Thanks!!

 

[didje]

Hi Rac!

As far as I know (Stevens is a partner school of my school EPITA in France), Stevens has a really good reputation within the state of NYC and NJ when it comes to computing and engineering. But when it comes to financial engineering, they seem far behind Reutgers or Baruch or even NYU Poly because of their career service. Although they seem to have a really flexible curriculum.

Good luck !

 

[rac]

Thanks didje,
But after reading reviews of both the schools in this forum I felt that Stevens was better. I'm still not able to decide though

 

[didje]

Try to look at their programs. What is the best for your desires ? Stevens has a very flexible curriculum, you can choose a lot of courses depending on your tastes : there is like 3 possible areas of focus into the MFE and within those areas you can also choose between 2 study plans.
Sadly, I don't know that much about NYU Poly so I hope someone who knows will help you more !

 

[Dally]

Hi Rac,

I'm on my second class @ Stevens and it’s been pretty good so far. I obviously do not know much about NYU Poly, but one thing I can tell you is that Stevens has it's distinct advantages/quality (and disadvantages of course) about the program that may help you decide if it's for you. For example, as didje stated, they have a fairly flexible curriculum. They also provide online courses which is the main reason for lot of students selecting the program. Ironically, accessibility to campus is excellent for people living/working in NYC. Stevens is also well known in Tri-State area for general Engineering. I've also noticed so far that classes seem more on the theoretical/proof-based side (from 2 classes so far so I can be completely wrong). This can be a plus or minus depending on the person.
I guess what I'm trying to convey here is that knowing what is important about the program you plan on venturing into should help you make the right choice.

 

[rac]

Hi Dally,
Thank you so much for your response. Did you apply elsewhere for this program? any admits?
How did you start the course now? I thought Stevens has only Fall and Spring intakes

 

[rac]

Try to look at their programs. What is the best for your desires ? Stevens has a very flexible curriculum, you can choose a lot of courses depending on your tastes : there is like 3 possible areas of focus into the MFE and within those areas you can also choose between 2 study plans.
Sadly, I don't know that much about NYU Poly so I hope someone who knows will help you more !

Ya it does have a flexible curriculum. But placements wise I just wanted to confirm if NYU Poly is better due to the location and the NYU tag

 

[Mansi]

Steven's is good if you want to get ur degree online. Are you going to be doign this part time? I think NYU-Poly is better from location and networking standpoint. It will be easier for you to find a job in the quant field when you take classes face to face...get to know your professors...go to networking events in the city etc.

 

[Poirot]

"Ya it does have a flexible curriculum. But placements wise I just wanted to confirm if NYU Poly is better due to the location and the NYU tag"

NYU Poly doesn't have a "NYU" tag. It, fittingly, has a "NYU Poly" tag and "NYU Poly" tag != "NYU" tag.
Further, NYU Poly is based in Brook-lyn ( not Manhattan).
Although it offers satellite classes in Manhattan, you won't be in front of the professor nor with the majority of your classmates.

The last I checked, students of "NYU-Poly" do not have access to NYU's career services office.

Do you know if Poly discloses their placement numbers?

-Best

 

[rac]

Steven's is good if you want to get ur degree online. Are you going to be doign this part time? I think NYU-Poly is better from location and networking standpoint. It will be easier for you to find a job in the quant field when you take classes face to face...get to know your professors...go to networking events in the city etc.

@Mansi - I'll be doing it full time