MS in Financial Engineering (MSFE)
A 30-credit Stevens School of Business degree with six core courses (stochastic calculus, pricing and hedging, computational methods, portfolio theory, advanced derivatives, project) plus four electives, optionally within one of five concentrations. Strong on computing and algorithmic trading, with online and part-time routes.
What you’ll study
Core
- FE 610 Stochastic Calculus for Financial Engineers
- FE 620 Pricing and Hedging
- FE 621 Computational Methods in Finance
- FE 630 Portfolio Theory and Applications
- FE 680 Advanced Derivatives
- FE 800 Project in Financial Engineering
Electives
- Four electives (12 credits) or concentration: Algorithmic Trading Strategies, Financial Analytics, Financial Risk Engineering, Financial Statistics, Financial Computing
Source: stevens.edu ↗
Before you apply
- Background
- Bachelor's with coursework in calculus, probability, linear algebra, programming
- Maths
- calculus and differential equations; probability and statistics; linear algebra
- Programming
- Java, C++, R or Python
- Tests
- GMAT/GRE optional
- Other
- Two recommendation letters, resume, possible interview; noncredit preparatory courses offered
Source: stevens.edu ↗
After graduation
- Employment
- 92% employed six months after graduation, class of 2025
- Salary
- Average salary $116,383, class of 2025 (no median published)
- Typical first roles
- Derivative analyst, Quant risk analyst, Quant developer, Algorithmic trading modeler
- Employers
- Goldman Sachs, JPMorgan Chase, Citadel, Morgan Stanley, Bank of America
Source: stevens.edu ↗
Want to see what employers ask for? Browse open quant roles.
Page states Stevens is ranked #19 in QuantNet 2026 and #13 in Risk.net 2026 Quant Finance Master's Guide (North America); the QuantNet rank comes from Stevens' page, not the QuantNet table. The url in the batch (stevens.edu/program/financial-engineering-masters) returned 404; replaced with the working page.
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.