Baruch College - Master in Financial Engineering

Baruch College - Master in Financial Engineering

Baruch MFE program is a small, selective program

Location
New York, NY 10010
Application deadline
Round 1: Nov 15, Round 2: Jan 15, Round 3: Feb 15, Round 4: April 1
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%
% Employed in the US
87%
Salary + Sign On Bonus
$200,207
Cohort Size
23 FT, 4 PT
Acceptance Rate
5.4%
Tuition
$42,395

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102,989
First release
Last update

Ratings

4.93 star(s) 29 reviews 5.00 star(s) Students Quality 5.00 star(s) Courses/Instructors 5.00 star(s) Career Services

Latest reviews

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)
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)
  • Anonymous
  • 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.
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)
  • Anonymous
  • 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
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
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.)
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)
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.
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.
Application process is fast. First from Wang and Second round from Dan go in less than a week.
Smaller group than other MFE program, which makes everyone know each other and 1.5yr time enough to help you make real new friends in Baruch. What's better, the alumni are really nice and helpful. I think it is also due to the small communities.
Cutting-edge and advanced courses. Sometimes you find you have known it in work before it is published. Also, this is highly-recommended when in the interview, the interviewers are also familiar with Baruch MFE. So, no worries about the “big name”.
One thing that Dr Dan Stefanica mentioned in the pre-MFE class is that the program is planning to launch a "accent reduction" program, since a great port of the student body is from non-English speaking countries. I can hardly imagine that any other program would even think about issues like this, and believe it or not, this might be surprisingly useful. And beyond that, only programs as caring as the one at Baruch would come up with ideas like this.

I think that among all the programs out there, Baruch has one of the strongest group of faculties. They are excellent on both academic and industrial side, and more importantly, they are extremely considerate.
The program which giving you full support and all you need for success:
Most devoted director + top tier faculty + strong and reachable alumni network + close connection to academic and industry + very high placement rate + part-time student friendly + affordable tuition
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