Master in Financial Engineering (MFE)
A 36-credit financial engineering MS built around numerical methods, financial software and stochastic models. The detailed curriculum offers a small required core and broad electives in trading, risk, derivatives and financial data science, plus a capstone.
What you’ll study
Core
- Financial Markets and Securities
- Software Engineering for Finance
- Numerical Methods for Finance
- Probability and Stochastic Processes for Finance I
- Capstone Project and Presentation
Electives
- Fundamentals of Trading
- Market and Credit Risk Management
- Asset Allocation and Portfolio Management
- Advanced Computational Methods in Finance
- Interest Rate Models and Interest Rate Derivatives
- The Volatility Surface
- Market Microstructure Models
- Algorithmic Trading
- Systematic Trading
- Data Science in Finance I: Big Data in Finance
- Data Science in Finance II: Machine Learning
Source: mfe.baruch.cuny.edu ↗
Before you apply
- Background
- Baccalaureate from an accredited US four-year college or equivalent; any discipline if quantitatively prepared.
- Maths
- Calculus: two semesters; Probability: one semester; Linear algebra: one semester
- Programming
- C++: one semester or certificate
- Tests
- GRE/GMAT not required and not considered; all applicants take the Quantitative Background Assessment, with no published minimum cutoff.
- English
- TOEFL not required; English communication assessed during admissions interviews.
- Other
- Prerequisite courses require B or better. One semester of finance or relevant work experience required. Three recommendations, essay and two technical interview rounds; admitted students may be assigned refresher seminars.
Source: mfe.baruch.cuny.edu ↗
After graduation
- Employment
- Placement: 23 of 23, reported under Employment Statistics for December 2024–May 2025; page does not label a separate months-after-graduation deadline.
- Salary
- US$255,000 median first-year guaranteed total compensation, Employment Statistics December 2024–May 2025; this is not base salary.
Source: mfe.baruch.cuny.edu ↗
QuantNet’s 2026 ranking reports 2025 full-time graduating cohort: 100% employed at graduation; 100% employed three months after graduation employment and a US$178,824 reported compensation figure for the 2025 full-time graduating cohort. The table labels this “Base salary”; the methodology defines average starting salary and sign-on bonus. Components are not reconciled by the source; this is not a median. starting salary. See the ranking ↗
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What students and graduates say
Threads from QuantNet and other forums where applicants, students and graduates discuss this programme. They’re personal views and may be out of date.
- Baruch College - Master in Financial Engineering - Student reviews (QuantNet)
- MFE: Cornell ORIE:FE vs Baruch MFE (Wall Street Oasis)
- QuantNet programme profile and reviews: Baruch College, CUNY — Master in Financial Engineering (QuantNet)
STEM-designated. Detailed curriculum specifies 12 required and 24 elective credits, superseding the older generic programme page description of eight required courses. Homepage Fall 2026 admissions headline says 561 applicants, 26 admitted, 25 enrolled, but its 22 full-time + 2 part-time breakdown sums to 24; the inconsistency is retained here. Homepage tuition has no explicit academic year and is not recorded as dated tuition.
Checked 6 November 2026 against the sources linked on this page. Fees, units and requirements change each year, so confirm them on the programme’s website before applying.