Baruch College - Master of Financial Engineering

https://mfe.baruch.cuny.edu/

Financial Engineering at Baruch College

Key takeaways

• 3-semester program
• total tuition fee $42,000
• low level of prerequisites/requirements

 

Program

Three semesters

admission for Fall semester only

• Round 1: November
• Round 2: January
• Round 3: February
• Round 4: April

 

Fees

For the entire program, $42,395 for out-of-state students, including international students

 

Prerequisites/requirements

• Calculus (two semesters)
• Probability (one semester)
• Linear Algebra (one semester)
• C++ (one semester or certificate)
• Finance (one semester, or relevant work experience)
• Test Scores - GRE/GMAT scores are not required to apply for admission
• TOEFL score - not required
• 3 Letters of recommendation

 

Quantitative Background Assessment

• Calculus, Linear Algebra, Probability, Finance, Brainteasers

 

Personal essay

• Why are you interested in Financial Engineering?
• Why do you want to study in the Masters in Financial Engineering Program at Baruch College?
• What career path do you envision after graduating from the Baruch MFE Program?

 

Curriculum

The following seminars are offered in the Pre-MFE Program at Baruch College to prospective financial engineering graduate students:

• Advanced Calculus with Financial Engineering Applications
• Probability Theory for Financial Applications
• Numerical Linear Algebra for Financial Engineering
• C++ Programming for Financial Engineering (online)

 

Degree Requirements

To complete the degree, students must complete 36 credits: 12 credits by taking required courses and 24 credits by taking elective courses.

 

Required Courses

Course	Name	Credits	Semester
MTH 9814	http://mfe.baruch.cuny.edu/mth-9814/	1.5	Fall
MTH 9815	http://mfe.baruch.cuny.edu/mth-9815-software-engineering-for-finance/	1.5	Fall
MTH 9821	http://mfe.baruch.cuny.edu/mth-9821-numerical-methods-for-finance/	3	Fall
MTH 9831	http://mfe.baruch.cuny.edu/mth-9831/	3	Fall
MTH 9903	http://mfe.baruch.cuny.edu/mth-9903-capstone-project-and-presentation/	3	Fall or Spring

Elective Courses

Students take elective courses in the Mathematics Department or in the Zicklin School of Business.

 

Mathematics Department Elective Courses:

Course	Name	Credits
MTH 9816	http://mfe.baruch.cuny.edu/mth-9816-fundamentals-trading/	1.5
MTH 9841	http://mfe.baruch.cuny.edu/mth-9841-statistics-for-finance/	1.5
MTH 9842	http://mfe.baruch.cuny.edu/mth-9842-linear-and-quadratic-optimization-techniques/	1.5
MTH 9845	http://mfe.baruch.cuny.edu/mth-9845-market-and-credit-risk-management/	3
MTH 9848	https://mfe.baruch.cuny.edu/mth-9848-elements-of-structured-finance/	3
MTH 9852	http://mfe.baruch.cuny.edu/mth-9852-numerical-methods-for-finance/	3
MTH 9855	http://mfe.baruch.cuny.edu/mth-9855-asset-allocation-and-portfolio-management/	3
MTH 9862	http://mfe.baruch.cuny.edu/mth-9862-stochastic-processes-for-finance-ii/	3
MTH 9863	http://mfe.baruch.cuny.edu/mth-9863-volatility-filtering-and-estimation/	1.5
MTH 9864	http://mfe.baruch.cuny.edu/mth-9864-model-review-for-quantitative-models-in-finance/	1.5
MTH 9865	http://mfe.baruch.cuny.edu/mth-9865-commodities-and-futures-trading/	1.5
MTH 9866	https://mfe.baruch.cuny.edu/?p=8589&preview=true	1.5
MTH 9867	https://mfe.baruch.cuny.edu/mth-9867-time-series-analysis-and-algorithmic-trading/	3
MTH 9868	http://mfe.baruch.cuny.edu/mth-9868-advanced-risk-and-portfolio-management/	3
MTH 9871	https://mfe.baruch.cuny.edu/mth-9871-advanced-computational-methods-in-finance/	3
MTH 9873	http://mfe.baruch.cuny.edu/mth-9873-interest-rate-models-and-interest-rate-derivatives/	3
MTH 9875	https://mfe.baruch.cuny.edu/mth-9875-the-volatility-surface/	3
MTH 9876	http://mfe.baruch.cuny.edu/mth-9876-credit-risk-models/	3
MTH 9878	http://mfe.baruch.cuny.edu/mth-9878-interest-rate-models/	3
MTH 9879	http://mfe.baruch.cuny.edu/mth-9879-market-microstructure-models/	3
MTH 9881	http://mfe.baruch.cuny.edu/mth-9881-current-topics-in-mathematical-finance/	3
MTH 9882	http://mfe.baruch.cuny.edu/mth-9882-fixed-income-risk-management/	1.5
MTH 9883	http://mfe.baruch.cuny.edu/mth-9883-deal-theory-structuring/	1.5
MTH 9886	http://mfe.baruch.cuny.edu/mth-9886-emerging-markets-inflation-modeling	1.5
MTH 9887	https://baruch-graduate.catalog.cuny.edu/courses/1369281	1.5
MTH 9891	http://mfe.baruch.cuny.edu/mth-9891-introduction-to-applied-financial-econometrics/	1.5
MTH 9893	http://mfe.baruch.cuny.edu/mth-9893-time-series-analysis/	1.5
MTH 9894	http://mfe.baruch.cuny.edu/mth-9894-algorithmic-trading/	1.5
MTH 9896	http://mfe.baruch.cuny.edu/mth-9896-behavioral-finance/	1.5
MTH 9897	https://mfe.baruch.cuny.edu/mth-9897-systematic-trading/	1.5
MTH 9898	http://mfe.baruch.cuny.edu/mth-9898-data-science-in-finance-i-big-data-in-finance/	1.5
MTH 9899	http://mfe.baruch.cuny.edu/mth-9899-data-science-in-finance-ii-machine-learning/	1.5
MTH 9901	http://mfe.baruch.cuny.edu/mth-9901/	1.5
MTH 9796	https://mfe.baruch.cuny.edu/mth-9796-statistical-natural-language-processing/	1.5
MTH 9797	https://mfe.baruch.cuny.edu/mth-9797-advanced-data-analysis/	1.5
MTH 9760	https://mfe.baruch.cuny.edu/mth-9760-big-data-technologies/	3

 

Zicklin School of Business Elective Courses:

Course	Name	Credits
ECO 82100	(https://mfe.baruch.cuny.edu/eco-82100-econometrics-and-financial-econometrics/	3
ECO 82100	https://mfe.baruch.cuny.edu/eco-82100-econometrics-and-financial-econometrics/	3
FIN 9770	https://mfe.baruch.cuny.edu/fin-9770-corporate-finance/	3
FIN 9782	https://mfe.baruch.cuny.edu/fin-9782-futures-and-forward-markets/	3
FIN 9783	https://mfe.baruch.cuny.edu/fin-9783-investment-analysis/	3
FIN 9786	https://mfe.baruch.cuny.edu/fin-9786-international-financial-markets/	3
FIN 9790	https://mfe.baruch.cuny.edu/fin-9790-seminar-in-finance/	3
FIN 9793	https://mfe.baruch.cuny.edu/fin-9793-advanced-investment-analysis/	3
FIN 9797	https://mfe.baruch.cuny.edu/fin-9797-options-markets/	3
STA 9700	https://mfe.baruch.cuny.edu/sta-9700-modern-regression-analysis/	3
STA 9701	https://mfe.baruch.cuny.edu/sta-9701-time-series-forecasting-and-statistical-modeling/	3

 

Photo by Hannah Busing on Unsplash