https://ieor.columbia.edu/financial-engineering-msfe
Financial Engineering (MSFE) | Industrial Engineering & Operations Research
Columbia Engineering Masters in Financial Engineering The FE Program at Columbia exemplifies a premier avenue for financial engineering and financial technology education. Delivering immersive full-time training, the program empowers students with the appl
ieor.columbia.edu
Key takeaways
- 1-year program for Master’s degree, PhD program provided
- Tuition fee $85,000
- Campus in New York City
- concentration courses available
Programs
Master’s degree program
Deadline: January
PhD program
PhD in industrial engineering and operations research
Deadline: December
Fees
| Tuition | Amount |
| Tuition per Credit | $2,362 |
| Tuition for 30-credit programs: MSIE and MSOR | $70,860 |
| Tuition for 36-credit programs: MSFE, MSBA, and MS&E | $85,032 |
Prerequisites/Requirements
- Transcripts from every post-secondary institution attended
- Three recommendation letters
- Official Graduate Record Examination (GRE) General Test Scores*
- Optional for Spring and Fall 2024 applications
- School Code: 2111
- Personal statement
- Resumé or Curriculum Vitae
- Publications (optional)
- An interview may be requested
- $85 non-refundable application fee
- Test of English as a Foreign Language iBT (TOEFL) - including International English Language Testing System Academic (IELTS), Duolingo English Test (DET).
- School code: 2111.
Curriculum
First fall
Core
| MSFE Quantitative and Computational Bootcamp (0-credit) |
| Optimization Models and Methods (FE) |
| Stochastic Models (FE) |
| Foundations of Financial Engineering |
| Professional Development and Leadership (0-credit) |
| Financial Engineering Seminar Series (0-credit, year-long) |
Electives
| Financial Engineering Electives | Fall | Spring |
| CSORE4231 Analysis of Algorithms I | x | x |
| DROMB8116-060/061 Risk Management | x | |
| IEORE4402 Corporate Finance, Accounting & Investment Banking (May not take both IEOR E4403 and IEOR E4402) | x | x |
| IEORE4525 Machine Learning for Financial Engineering & Operations Research* | x | x |
| IEORE4540 Data Mining for Engineers | x | x |
| IEORE4579 Machine Learning in Practice | x | |
| IEORE4630 Asset Allocation | x | |
| IEORE4718 Beyond Black-Scholes: The Implied Volatility Smile | x | |
| IEORE4721 AI Applications in Finance | x | |
| IEORE4732 Computational Methods in Derivatives Pricing* | x | |
| IEORE4733 Algorithmic Trading: Theory & Practice | x | |
| DROMB8112 Quantitative Finance: Models and Computation | ||
| FINCB8307-060 Advanced Corporate Finance | ||
| IEORE4311 Derivatives Marketing & Structuring, 1.5 credits | ||
| IEORE4403 Quantitative Corporate Finance (May not take both IEOR E4403 and IEOR E4402) | x | |
| IEORE4500 Applications Programming for Financial Engineers | x | |
| IEORE4530 AI & Operations in Games & Markets | x | |
| IEORE4571 Intro to Queueing Theory | ||
| IEORE4577 Value Investing, A Modern Approach, 1.5 credits | ||
| IEORE4578 Causal Inference | ||
| IEORE4579 Modern Recommendation Systems | x | |
| IEORE4601 Dynamic Pricing & Revenue Management | ||
| IEORE4602 Quantitative Risk Management | x | |
| IEORE4710 Fixed Income & Term Structure Modeling | ||
| IEORE4722 Stochastic Control & Financial Applications | ||
| IEORE4723 Blockchain & Cryptocurrency Investing, 1.5 credits | ||
| IEORE4723 Financial Engineering for Environmental, Social and Corporate Governance Finance, 1.5 credits | x | |
| IEORE4723/4728 Alternative Investments, 1.5 credits | x | |
| IEORE4724 Term Structures & Credit Models | x | |
| IEORE4725 Big Data in Finance | ||
| IEORE4725 Networks: Formation, Contagion, and Epidemics | ||
| IEORE4725 Prediction Markets in Financial Engineering | x | |
| IEORE4728/4575 Big Data in Investment Research Analysis, 4728 - 1.5 credits, 4575 - 3 credits | x | |
| IEORE4729 Alternative Cryptocurrency Portfolio Strategies, 1.5 credits | ||
| IEORE4729 Model Based Trading: Computational Models of Analysis & Execution | ||
| IEORE4731 Credit Risk Modeling and Derivatives | ||
| IEORE4734 Foreign Exchange & Related Derivatives, 1.5 credits* | ||
| IEORE4735 Structured & Hybrid Products | x | |
| IEORE4741 Programming for Financial Engineering | x | |
| IEORE4742 Deep Learning for Operations Research & Financial Engineering | x | |
| IEORE4745 Applied Financial Risk Management | x | |
| IEORE6617 Machine Learning & High-Dimensional Data Analysis in OR | x | |
| ORCSE4529 Reinforcement Learning | x |
Spring
Core
| Monte Carlo Simulation |
| Financial Engineering: Continuous Time Models |
| Statistical Analysis and Time Series |
| Financial Engineering Seminar Series (0-credit, year-long) |
Summer electives
| AI Applications in Finance |
| Financial Correlations – Modeling, Trading, Risk Management & AI |
| Foreign Exchange & Related Derivatives, 1.5 credits |
Concentrations
Asset management
Select at least 9 credits of coursework from below:
- IEOR E4403 Quantitative Corporate Finance
- (or IEOR E4402 Corporate Finance, Accounting & Investment Banking; may not take both IEOR E4403 and IEOR E4402)
- IEOR E4602 Quantitative Risk Management
- IEOR E4630 Asset Allocation
- IEOR E4708 Seminar on Important Papers in Financial Engineering
- IEOR E4729 Algorithmic Trading: Theory & Practice
- IEOR E4731 Credit Risk Modeling and Derivatives
- IEOR E4734 Foreign Exchange & Related Derivatives Instruments (1.5)
Computation & programming
- IEOR E4500 Applications Programming for Financial Engineering
- IEOR E4738 Programming for FE 1: Tools for Building Financial Data and Risk Systems
- IEOR E4739 Programming for FE 2: Implementing High Performance Financial Systems
- IEOR E4741 Programming for Financial Engineers
- IEOR E4742 Deep Learning for OR & FE
Computational finance/trading systems
Select at least 9 credits of coursework from below:
- IEOR E4500 Applications Programming for Financial Engineering
- IEOR E4602 Quantitative Risk Management
- IEOR E4722 Stochastic Control & Financial Applications
- IEOR E4723 Blockchain & Cryptocurrency Investing (1.5)
- IEOR E4729 Algorithmic Trading: Theory & Practice
- IEOR E4732 Computational Methods in Derivatives Pricing
Derivatives
Select at least 9 credits of coursework from below:
- IEOR E4311 Derivatives Marketing & Structuring (1.5)
- IEOR E4500 Applications Programming for Financial Engineering
- IEOR E4602 Quantitative Risk Management
- IEOR E4710 Fixed Income and Term Structure Modeling
- IEOR E4715 Commodity Derivatives (1.5)
- IEOR E4718 Beyond Black-Scholes: The Implied Volatility Smile
- IEOR E4731 Credit Risk Modeling and Derivatives
- IEOR E4732 Computational Methods in Derivatives Pricing
- IEOR E4735 Structured and Hybrid Products
- DROM B8112 Quantitative Finance: Models and Computation
Finance & economics
Select at least 9 credits of coursework from below:
- IEOR E4403 Quantitative Corporate Finance
- (or IEOR E4402 Corporate Finance, Accounting & Investment Banking; may not take both IEOR E4403 and IEOR E4402)
- IEOR E4708 Seminar on Important Papers in Financial Engineering
- IEOR E4712 Behavioral Finance (1.5)
- IEOR E4722 Stochastic Control & Financial Applications
- IEOR E4734 Foreign Exchange & Related Derivatives Instruments (1.5)
- IEOR E4745 Applied Financial Risk Management
- FINC B8307 Advanced Corporate Finance
Financial technology
Select at least 9 credits of coursework from below:
- IEOR E4500 Applications Programming for Financial Engineering
- IEOR E4525 Machine Learning for Financial Engineering & Operations Research
- IEOR E4574 Technology Innovation in Financial Services (1.5)
- IEOR E4725 Big Data in Finance
- IEOR E4742 Deep Learning for OR & FE
- MRKT B8649 Pricing Strategies
- MRKT B8696 Data Driven Dollars
- DROM B8816 Quantitative Pricing and Revenue Analytics
- DROM B9122 Computing for Business Research
Machine learning for financial engineering
Select at least 9 credits of coursework from below:
- IEOR E4500 Applications Programming for Financial Engineering
- IEOR E4525 Machine Learning for Financial Engineering & Operations Research
- IEOR E4540 Data Mining for Engineers
- IEOR E4722 Stochastic Control & Financial Applications
- IEOR E4725 Big Data in Finance
- IEOR E4733 Algorithmic Trading
- IEOR E4741 Programming in Financial Engineering
- IEOR E4742 Deep Learning for OR & FE
- IEOR E4745 Applied Financial Risk Management
- MRKT B8649 Pricing Strategies
- MRKT B8696 Data Driven Dollars
- DROM B8816 Quantitative Pricing and Revenue Analytics
- DROM B9122 Computing for Business Research
- ORCS E4529 Reinforcement Learning
PhD specialization in data science
https://datascience.columbia.edu/education/programs/ph-d-with-a-specialization-in-data-science/
Ph.D. Specialization in Data Science - The Data Science Institute at Columbia University
The Ph.D. specialization in data science is an option within the Applied Mathematics, Computer Science, Electrical Engineering, Industrial Engineering and Operations Research, and Statistics departments. Only students already enrolled in one of these docto
datascience.columbia.edu
