2022-2023 Undergraduate and Graduate Bulletin (with addenda) 
    
    Nov 23, 2024  
2022-2023 Undergraduate and Graduate Bulletin (with addenda)

Financial Engineering, M.S.


The Master of Science Program

The Master of Science in Financial Engineering (FE) is a 33-credit program designed to provide students with the skills required to operate at the cutting-edge of financial engineering in today’s financial services industry. The program is rigorous, demanding and selective. The M.S. in Financial Engineering is a well-established program with a diverse curriculum. Our faculty are recognized leaders in their fields, all with extensive practical expertise. They produce world-class research while teaching both introductory and advanced courses in small class settings. The financial and practical components of the educational program have been further strengthened by developing a large and versatile body of adjunct faculty consisting of leading financial market practitioners from major Wall Street firms as well as international affiliated faculty. These adjunct faculty members work closely with full-time faculty emphasizing both applied and theoretical research in bringing to financial engineering students a greater sensitivity to the needs and the demands of financial markets and the management of financial services and institutions.

Required to Complete the Financial Engineering M.S. program

The program prepares its graduates to enter fast-moving, highly rewarding careers spanning the many occupations prevalent in financial services and related industries. The educational program is continuously updated and adapted to the changing financial environment. Undergraduate students are not allowed to take courses in the M.S. in Financial Engineering program, except for those in a combined B.S./M.S. program.

Vertically Integrated Projects

The Finance and Risk Engineering Department offers two sections in the Vertically Integrated Project series - VIP-GY 5000. These sections are:

These are optional projects interested students may choose to take.

Admissions

The Department receives a large number of applications every year. To be considered for admission into the M.S. in Financial Engineering program, students must have a Bachelor’s Degree from an accredited institution and proven mathematical mastery of the following topics:

Linear Algebra

Probability Theory

Multi-variable Calculus 

Applied Statistics

Computer Programming

Applicants must submit official transcripts from each institution attended as well as GRE test scores. When applicable, applicants must also prove English language proficiency demonstrated by a TOEFL or IELTS score.

The FRE department does not accept change-of- major requests from students in other NYU programs. In all instances, students must formally apply to this M.S. FE program. Applicants must have demonstrated proficiency in the mathematical areas listed to be considered for admission.

For questions about the application process, application status or to talk to an admissions counselor, please contact:

Office of Graduate Enrollment Management and Admissions

NYU Tandon School of Engineering
6 MetroTech Center
Brooklyn, NY 11201
engineering.gradinfo@nyu.edu
Phone: 646.997.3182
Fax: 646.997.3624

Sample Study Plans


Sample Study Plans for M.S. Financial Engineering at NYU Tandon:

Four Semester Plus Summer Graduation Plan

Semester Courses
1st Fall, preterm

FRE-GY 5030 FRE Bootcamp III - From Brain Teasers to Black-Scholes  

FRE-GY 5040 FRE Bootcamp IV - Risk, Applied Statistics, and Probability  

1st Fall

FRE-GY 5500 Bloomberg Certification  

and

Three Core Courses

1st Spring

Two Core Courses

and

3 Credits of Electives

Summer Internship
2nd Fall

Lab course

and

7.5 Credits of Electives

2nd Spring

FRE-GY 5990 Capstone Assessment  

and

3 Credits of Capstone

and

1.5 Credits of Electives

Three Semester Plus Summer Graduation Plan

Semester Courses
1st Fall, preterm

FRE-GY 5030 FRE Bootcamp III - From Brain Teasers to Black-Scholes  

FRE-GY 5040 FRE Bootcamp IV - Risk, Applied Statistics, and Probability  

1st Fall

FRE-GY 5500 Bloomberg Certification  

and

Three Core Courses

and

1.5 Credits of Electives

1st Spring

Two Core Courses

and

1.5 Credits of Electives

Summer Internship
2nd Fall

FRE-GY 5990 Capstone Assessment  

and

3 Credits of Capstone

and

Lab Course

and

6 Credits of Electives