EPFL - Master in Financial Engineering

EPFL - Master in Financial Engineering

Location
Lausanne, Switzerland
Application deadline
Dec 15 (round 1), Apr 15 (round 2)
The Master’s program in Financial Engineering (MFE) at EPFL provides financial education at the forefront of both academic thinking and industry practice and is the result of a multidisciplinary effort involving the Swiss Finance Institute at EPFL, the College of Management of Technology, and faculty from mathematics, statistics, computer science, operations research, and communications.

The curriculum is both broad and customizable spanning stochastic calculus, derivatives pricing, quantitative risk management, optimization, machine learning, and data science so students can tailor the program to their goals.

Teaching is led by internationally recognized scholars whose research actively shapes the field, including Daniel Kuhn (robust and stochastic optimization for finance and operations), Damir Filipović (mathematical finance, interest-rate modeling, risk management), Erwan Morellec (corporate finance and dynamic investment), Semyon Malamud (asset pricing theory and market microstructure), Andreas Fuster (household finance, housing and credit), and Julien Hugonnier (general-equilibrium asset pricing and financial economics).

Benefiting from EPFL’s global reputation in engineering and data science and close ties to Switzerland’s major financial centers, the program has an excellent placement record: alumni regularly move into top roles at banks, hedge funds, proprietary trading firms, asset managers, central banks, and fintechs across Zurich, Geneva, London, and New York, with many also continuing to leading PhD programs.

Applicants should have graduate knowledge of calculus I, II and linear algebra and command either one formal computer language such as C, C++ or Python, or a high-level language such as Matlab or Mathematica.

Director: Semyon Malamud
2023 Ranking Data
Cohort Size
79 FT
Acceptance Rate (%)
30.0%
Views
5,265
First release
Last update

Ratings

5.00 star(s) 3 reviews 5.00 star(s) Students Quality 5.00 star(s) Courses/Instructors 4.00 star(s) Career Services

Latest reviews

Headline
Continuously improving
Class of
2026
Reviewed by Verified Member
The master’s program is strong overall, providing solid knowledge across the most relevant topics in Financial Engineering. However, there are a few areas for improvement. I would suggest removing some mandatory courses to give students more flexibility to tailor their academic journey to their individual interests.

In general, the professors and TAs explain concepts clearly and often provide valuable insights and suggestions to help you explore topics in greater depth.

Finally, it would be very helpful to organize dedicated sessions to strengthen the specific skills required for quantitative interviews.
Recommend
Yes, I would recommend this program
Students Quality
5.00 star(s)
Courses/Instructors
5.00 star(s)
Career Services
3.00 star(s)
Headline
Very Strong Program
Class of
2026
Very strong and diverse quantitative program. You can dive deep across many different fields within quant finance. Some exams and courses are quite tough but worth the hustle for such a competitive progam.
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)
Headline
Strong Theoretical and Practical Foundations
Class of
2026
Expect technical courses that probe both math and code. Exams are tough and reward generalization: instead of repeating class problems, they push you to extend the theory to unfamiliar situations. Plus, a strong lineup of data-science classes lets you dive into cutting-edge machine-learning electives.
Recommend
Yes, I would recommend this program
Students Quality
5.00 star(s)
Courses/Instructors
5.00 star(s)
Career Services
4.00 star(s)
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