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Baruch College - Master in Financial Engineering

Baruch College - Master in Financial Engineering

Baruch MFE program is a small, selective program
Overview Rankings Jobs Admissions Tuition Applications Reviews (32) Discussion
Location
New York, NY 10010
Application deadline
Nov 1 (round 1), Dec 1 (round 2), Jan 15 (round 3), Mar 15 (round 4)
Bernard M. Baruch College, more commonly known as Baruch College, is a constituent college of the City University of New York, located in the Flatiron district of Manhattan, New York City.

History
In the Fall 2002, the Mathematics Department at Baruch College introduced a new Master program Applied Mathematics for Finance. The program was initiated by Dr. Matthew Goldstein, Chancellor of The City University of New York, when he was President of Baruch College, and was established under the direction of Executive Vice Chancellor Alexandra Logue, then Dean of the Weissman School of Arts and Sciences at Baruch College.

The program was later renamed Masters in Financial Engineering in the Fall 2007 to reflect the growing number of practitioners teaching in the program.

Prof. Dan Stefanica has been the program's director since its inception.

Academics
Over the years, the program has transformed from theoretical, mathematical focused into a practical, computational focused with many new cutting-edge courses being offered as a result of suggestions from its alumni, teaching adjuncts and industry connections.
The program is known today for its emphasis on providing its graduates a very strong practical and technical training.

Trading floor
The Bert W. and Sandra Wasserman Trading Floor in the Subotnick Financial Services Center is a fully equipped, simulated trading environment featuring 55 high-end, dual-screen workstations providing access to real-time market data feeds, and financial analytical tools.

2025 Ranking Data
Rank
2
Total Score
99
Peer Score
4.2
Employed at Graduation (%)
91%
Employed at 3 months (%)
100%
Base salary
$162,429
Cohort Size
23 FT, 4 PT
Acceptance Rate (%)
5.4%
Tuition
$42,395
Views
117,422
First release
Last update

Ratings

4.94 star(s) 32 reviews 5.00 star(s) Students Quality 5.00 star(s) Courses/Instructors 5.00 star(s) Career Services
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Latest reviews
Headline
Highly Recommend
Class of
2025
The perfect start point to enter the quant industry. The course materials are very useful and professors have a lot of insights.
Recommend
Yes, I would recommend this program
Students Quality
5.00 star(s)
Courses/Instructors
5.00 star(s)
Career Services
5.00 star(s)
Upvote 0 Downvote
Headline
Program of Great Value
Class of
2024
Reviewed by Verified Member
My experience with Baruch MFE so far is amazing. This is a very friendly and supportive community where everyone helps each other. The students are incredibly smart, and I’ve learned so much not just from the courses, but also from my classmates. The career service is also outstanding — almost everyone lands a job, even during recent market turbulence. The program manager has excellent industry connections, which makes the job placement process much smoother and more successful.

Academically, the program is rigorous. Most courses are math-heavy and the assignments really push you to grow, improve your quantitative skills, and learn teamwork. You get to work on practical projects that are directly relevant to what the industry values.

The professors are knowledgeable and approachable. They genuinely care about your progress, answer your questions patiently, and support your interests. If you show initiative, you can make great friends, learn from top students, and gain both academic and professional insight into financial engineering — even though the program is only one and a half years long.

Overall, I highly recommend the Baruch MFE program for anyone interested in finance and quantitative methods. It offers strong career outcomes, a great learning community, and a solid academic foundation that prepares you for real-world challenges. I’m very grateful for this experience and excited for what’s ahead!
Recommend
Yes, I would recommend this program
Students Quality
5.00 star(s)
Courses/Instructors
5.00 star(s)
Career Services
5.00 star(s)
Upvote 0 Downvote
G
Headline
The true number one MFE program in the world!
Class of
2025
The Baruch MFE program was instrumental in helping me pivot into my quant finance career. The highly-engaged alumni network provided invaluable insights into the quant landscape, complemented by the program's long-standing relationships with many leading firms in the industry, facilitating QR/QT opportunities at top multi-strats, prop-shops, and investment banks. Dan Stefanica, our incredibly dedicated and genuine program director, was always there to personally guide each of us toward roles that best matched our aspirations. If you dedicate yourself fully and follow Dan's process, you will undoubtedly launch your quant finance career on the right path.

The hands-on, applied coursework allowed me to explore topics I was passionate about and showcase my research skills to potential employers. Additionally, our team's success in winning the Rotman International Trading Competition demonstrated to employers that we are competitive, driven, and high-achieving. I recommend anyone who's admitted to the program to take part of the team. Beyond professional growth, and perhaps most importantly, the friendships I formed at Baruch have become an irreplaceable part of my life, which I will be forever grateful for.
Recommend
Yes, I would recommend this program
Students Quality
5.00 star(s)
Courses/Instructors
5.00 star(s)
Career Services
5.00 star(s)
Upvote 2 Downvote
Headline
Highly Recommded!
Class of
2024
Attending this program has been one of the best decisions of my life. The cohort is small, with fewer than 30 people, allowing you to engage directly with brilliant professors. The alumni network is extremely supportive, and the career support is excellent!
Recommend
Yes, I would recommend this program
Students Quality
5.00 star(s)
Courses/Instructors
5.00 star(s)
Career Services
5.00 star(s)
Upvote 0 Downvote
Bradley
Headline
Best of the best
Class of
2024
Unparalleled career support compared to any other program I know. Students don't lack interview opportunities from top prop shops, hedge funds, to investment banks. Small class so everyone knows each other.
Some courses have high workloads and students need to balance themselves between coursework and interview preparation.
Recommend
Yes, I would recommend this program
Students Quality
5.00 star(s)
Courses/Instructors
5.00 star(s)
Career Services
5.00 star(s)
Upvote 2 Downvote
  • Anonymous
  • 5.00 star(s)
Headline
Incredible ROI
Class of
2023
We have amazing courses taught by excellent instructors. The smaller class size allows everyone to get to know each other. Alumni, faculty and staff are super helpful and caring.
Recommend
Yes, I would recommend this program
Students Quality
5.00 star(s)
Courses/Instructors
5.00 star(s)
Career Services
5.00 star(s)
Upvote 1 Downvote
  • Anonymous
  • 5.00 star(s)
Headline
Top 1 MFE
Class of
2023
Really like the Microstructure course taught by Prof Taiho Wong, learnt a lot from this and try to implement some ideas in the crypto market and it's no suprise that these ideas are working
Recommend
Yes, I would recommend this program
Students Quality
5.00 star(s)
Courses/Instructors
5.00 star(s)
Career Services
5.00 star(s)
Upvote 1 Downvote
MingsenWang
Headline
Top program
Class of
2023
We have faculties with rich experience in either the academia or the industry, successful and helpful alumni, and the most competitive students.
(Also the tuition is half of a certain comparable program.)
Recommend
Yes, I would recommend this program
Students Quality
5.00 star(s)
Courses/Instructors
5.00 star(s)
Career Services
5.00 star(s)
Upvote 1 Downvote
Y
Headline
Excellent career services
Class of
2019
The most practical knowledge is being taught here, I still constantly review my school notes several years after I finished the program. Excellent career service! Very sweet and warm hearted community.
Recommend
Yes, I would recommend this program
Students Quality
5.00 star(s)
Courses/Instructors
5.00 star(s)
Career Services
5.00 star(s)
Upvote 1 Downvote
A
Amazing program. Smaller community makes everyone really close in the program. I can always get warm help from our alumni. The network is really strong. Well-designed and practical courses are truly useful for the future career. Dan and faculties genuinely try their best to help students.
Upvote 0 Downvote
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