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Baruch College Master in Financial Engineering program
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- Aubree
- 5.00 star(s)
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.
- MingsenWang
- 5.00 star(s)
- Headline
- Top program
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.)
(Also the tuition is half of a certain comparable program.)
- Recommendation
- Yes, I would recommend this program to a friend
- Students Quality
- 5.00 star(s)
- Courses/Instructors
- 5.00 star(s)
- Career Services
- 5.00 star(s)
- Headline
- Top1 MFE
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
- Recommendation
- Yes, I would recommend this program to a friend
- Students Quality
- 5.00 star(s)
- Courses/Instructors
- 5.00 star(s)
- Career Services
- 5.00 star(s)
- Headline
- Incredible ROI
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.
- Recommendation
- Yes, I would recommend this program to a friend
- Students Quality
- 5.00 star(s)
- Courses/Instructors
- 5.00 star(s)
- Career Services
- 5.00 star(s)
- Bradley
- 5.00 star(s)
- 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.
Some courses have high workloads and students need to balance themselves between coursework and interview preparation.
- Recommendation
- Yes, I would recommend this program to a friend
- Students Quality
- 5.00 star(s)
- Courses/Instructors
- 5.00 star(s)
- Career Services
- 5.00 star(s)
Excellent students and faculty
I believe the quality of the students and faculty represents the core strength of the program. From my experience, the students are intelligent and competitive but not to the point where it hinders collaboration. I truly felt that all the students from my cohort were willing to take the time to help one another. It's easy to see that the faculty enjoys teaching and are there to ensure that students really learn and acquire skills needed for employment.
Reviewer's background:
My educational background was originally in electrical engineering and materials science. I worked in the semiconductor industry for a few years before deciding to enroll in the Baruch MFE program in the hopes of switching my career to finance. I chose Baruch since I felt that it provided the best value, given its high job placement rate and low tuition. I was also very impressed by the fact that the program director was genuinely interested in the success of his students.
I believe the quality of the students and faculty represents the core strength of the program. From my experience, the students are intelligent and competitive but not to the point where it hinders collaboration. I truly felt that all the students from my cohort were willing to take the time to help one another. It's easy to see that the faculty enjoys teaching and are there to ensure that students really learn and acquire skills needed for employment.
Reviewer's background:
My educational background was originally in electrical engineering and materials science. I worked in the semiconductor industry for a few years before deciding to enroll in the Baruch MFE program in the hopes of switching my career to finance. I chose Baruch since I felt that it provided the best value, given its high job placement rate and low tuition. I was also very impressed by the fact that the program director was genuinely interested in the success of his students.
Can you tell us a bit about your background?
Education: BA Mathematics
Prior work Ex: approx 1.5 years
I studied full-time in the program from 9/2008-12/2009
Did you get admitted to other programs?
NYU Math Finance
Why did you choose this program (over others, if applicable)?
There were two deciding factors: close attention from the faculty (Dan comes on strong), and superior teaching. Other programs I observed had, what I considered to be a very poor learning environment.
What alternative sources of info you used to learn more about the program?
Quantnet, information sessions, sitting in on classrooms, talking to students & alumni, talking to instructors
Tell us about the application process at this program
Application process was straightforward and responsive.
Does this program offer refresher courses for incoming students? How useful was it?
Baruch has refresher courses, although "refresher" is a misnomer. They are stand-alone courses of their own, which cover material you are not really expected to have known previously, although they will probably be a real challenge if you haven't learned those subjects before. When I took them, there was some push back from students who also had full-time jobs (even part time admits take four days a week of refresher courses!) and found it very difficult to keep up.
Tell us about the courses selection in this program. Any special courses you like?
When I attended there were roughly 14 courses of which you took 11 and a capstone (give or take one course). I felt at the time that the offerings were somewhat restricted and narrowly focused; if you had an interest in algo trading, there was nothing for you. However, if you had an interest in equity options, this program was perfect. Now, they have broadened the offerings somewhat, so you have more flexibility in this regard.
I felt that Sylvain's courses on structured finance were very instructive, since they were project based. I also benefited greatly (at large personal cost, given how demanding it was) from the programming courses.
Tell us about the quality of teaching
The quality of teaching was variable. Some instructors were very good, whereas some were too busy to prepare for class, or did not structure the curriculum well, or did not answer questions and were generally unavailable. As a result, more than one course in the program yielded little benefit to me or other students, who were quite vocal about this problem.
On the other hand, some courses were very demanding and I learned a great deal, which continues to be useful in my work. (For the doubters, that includes Stochastic Calculus.)
TAs were extremely helpful and responsive. The other students are also very collaborative and provide assistance on homeworks.
The support from TAs in each class is great and an invaluable help to comprehend better the class work.
Materials used in the program
All the books are shown on quantnet (master reading list for MFE students)
Programming component of the program
C++ primarily. VBA and R were also used at times
The programming component is very intense. However, pedantic programming instruction is minimal, and (in my opinion) not important. It seems to me that the biggest determinant in what you get out of the programming courses is what you came in with; I had a strong background in programming and learned a great deal, and it earned me a great deal of attention from employers. On the other hand, students who came in with weak programming skills struggled but did not receive adequate support to improve, in my opinion. Unfortunately, the only way to become a good programmer is to devote significant time to it, and this is not easily taught.
Projects
We did a number of individual and group projects. In our C++ course we did a PnL calculator for stocks and bonds, and a series of projects based on Mark Joshi's options book (highly recommended). We also programmed a linear algebra library for the linear algebra course. For structured finance we programmed a deal using excel & VBA. For a handful of other courses, we used R (or our language of choice).
Career service
There is very good career service, with good placement and close attention. Placement is a very high priority.
Of course, this was a challenge when I was a student and few positions were open. Nonetheless, Dan devoted significant time and resources to opening new avenues of hiring.
Can you comment on the social interaction between students of different ethnics, nationalities in the program?
Students did form ethnic groups, but also interacted a great deal with the larger student population. Since the program is so small, everyone fits in a room and works together, which breaks down those national barriers.
What do you like about the program?
The intensity of the program is crucial to its success. It strains personal relationships in particular in the first semester for full-time students. However, you move quickly up the curve and resources are there for those who want them. Given its small size and value placed on enterprise, a student who decides to take leadership and responsibility is rewarded with it, in the classroom and in the community. However, you will be allowed to languish if you choose not to participate.
What DON'T you like about the program?
The rest of my review has a number of criticisms; inconsistency of teaching and course material was my biggest objection.
Suggestions for the program to make it better
Since I have left, I think many of my peeves have been improved. Furthermore, there are many proposals and countervailing opinions floating around among the faculty of their vision for the program. These are suppressed now; it would be best to listen to them both to increase faculty satisfaction and to improve the coursework from seasoned practitioners and educators.
What are your current job status? What are you looking for?
Employed as quantitative analyst
Other comments?
What you put into any masters program is what you get out. Baruch MFE gives you a path for success, but you must apply yourself, and selectively choose what is important to learn and what interests you. (Presumably much of it interests you as you chose to attend the MFE). It will always be a mistake to choose an "Easier" course at this level of education (solely for that reason); the goal should be to maximize exposure to topics and improve your skills; leverage other students, the school's resources, faculty. Again, Baruch has those available, so use them.
Education: BA Mathematics
Prior work Ex: approx 1.5 years
I studied full-time in the program from 9/2008-12/2009
Did you get admitted to other programs?
NYU Math Finance
Why did you choose this program (over others, if applicable)?
There were two deciding factors: close attention from the faculty (Dan comes on strong), and superior teaching. Other programs I observed had, what I considered to be a very poor learning environment.
What alternative sources of info you used to learn more about the program?
Quantnet, information sessions, sitting in on classrooms, talking to students & alumni, talking to instructors
Tell us about the application process at this program
Application process was straightforward and responsive.
Does this program offer refresher courses for incoming students? How useful was it?
Baruch has refresher courses, although "refresher" is a misnomer. They are stand-alone courses of their own, which cover material you are not really expected to have known previously, although they will probably be a real challenge if you haven't learned those subjects before. When I took them, there was some push back from students who also had full-time jobs (even part time admits take four days a week of refresher courses!) and found it very difficult to keep up.
Tell us about the courses selection in this program. Any special courses you like?
When I attended there were roughly 14 courses of which you took 11 and a capstone (give or take one course). I felt at the time that the offerings were somewhat restricted and narrowly focused; if you had an interest in algo trading, there was nothing for you. However, if you had an interest in equity options, this program was perfect. Now, they have broadened the offerings somewhat, so you have more flexibility in this regard.
I felt that Sylvain's courses on structured finance were very instructive, since they were project based. I also benefited greatly (at large personal cost, given how demanding it was) from the programming courses.
Tell us about the quality of teaching
The quality of teaching was variable. Some instructors were very good, whereas some were too busy to prepare for class, or did not structure the curriculum well, or did not answer questions and were generally unavailable. As a result, more than one course in the program yielded little benefit to me or other students, who were quite vocal about this problem.
On the other hand, some courses were very demanding and I learned a great deal, which continues to be useful in my work. (For the doubters, that includes Stochastic Calculus.)
TAs were extremely helpful and responsive. The other students are also very collaborative and provide assistance on homeworks.
The support from TAs in each class is great and an invaluable help to comprehend better the class work.
Materials used in the program
All the books are shown on quantnet (master reading list for MFE students)
Programming component of the program
C++ primarily. VBA and R were also used at times
The programming component is very intense. However, pedantic programming instruction is minimal, and (in my opinion) not important. It seems to me that the biggest determinant in what you get out of the programming courses is what you came in with; I had a strong background in programming and learned a great deal, and it earned me a great deal of attention from employers. On the other hand, students who came in with weak programming skills struggled but did not receive adequate support to improve, in my opinion. Unfortunately, the only way to become a good programmer is to devote significant time to it, and this is not easily taught.
Projects
We did a number of individual and group projects. In our C++ course we did a PnL calculator for stocks and bonds, and a series of projects based on Mark Joshi's options book (highly recommended). We also programmed a linear algebra library for the linear algebra course. For structured finance we programmed a deal using excel & VBA. For a handful of other courses, we used R (or our language of choice).
Career service
There is very good career service, with good placement and close attention. Placement is a very high priority.
Of course, this was a challenge when I was a student and few positions were open. Nonetheless, Dan devoted significant time and resources to opening new avenues of hiring.
Can you comment on the social interaction between students of different ethnics, nationalities in the program?
Students did form ethnic groups, but also interacted a great deal with the larger student population. Since the program is so small, everyone fits in a room and works together, which breaks down those national barriers.
What do you like about the program?
The intensity of the program is crucial to its success. It strains personal relationships in particular in the first semester for full-time students. However, you move quickly up the curve and resources are there for those who want them. Given its small size and value placed on enterprise, a student who decides to take leadership and responsibility is rewarded with it, in the classroom and in the community. However, you will be allowed to languish if you choose not to participate.
What DON'T you like about the program?
The rest of my review has a number of criticisms; inconsistency of teaching and course material was my biggest objection.
Suggestions for the program to make it better
Since I have left, I think many of my peeves have been improved. Furthermore, there are many proposals and countervailing opinions floating around among the faculty of their vision for the program. These are suppressed now; it would be best to listen to them both to increase faculty satisfaction and to improve the coursework from seasoned practitioners and educators.
What are your current job status? What are you looking for?
Employed as quantitative analyst
Other comments?
What you put into any masters program is what you get out. Baruch MFE gives you a path for success, but you must apply yourself, and selectively choose what is important to learn and what interests you. (Presumably much of it interests you as you chose to attend the MFE). It will always be a mistake to choose an "Easier" course at this level of education (solely for that reason); the goal should be to maximize exposure to topics and improve your skills; leverage other students, the school's resources, faculty. Again, Baruch has those available, so use them.