- Application deadline
- Fall: Apr 15 (int'l), Jun 1 (domestic). Spring: Nov 1 (int'l), Nov 30 (domestic).*
Stevens Institute of Technology has been a rapidly rising leader in business education, ranking #14 for value for its business master's programs by the Georgetown University Center on Education and the Workforce (2022). Ninety-eight percent of our Master of Science in Financial Engineering (FE) students in 2022 and 2023 were employed three months after completing their program. Stevens FE graduates hold key positions at Barclays, Citadel, Citibank, Goldman Sachs, JPMorgan Chase & Co, MetLife, Prudential, UBS and many other major global financial institutions. Based on the reporting cycle for 2023 graduates, the average starting salary rose to $103,800, with an average signing bonus of $24,654. This is up from $99,500 for 2022 graduates and $82,700 for 2021 graduates.
Located just minutes from New York City’s financial district, Stevens offers abundant opportunities to connect with industry leaders and access top internships and career prospects.
Stevens’ financial engineering program offers the up-to-date skills required to address the most recent developments in the financial services industry. When you enroll, you will complete six core courses (18 credits). For the remaining 12 credits, you may choose any elective courses, many of which form our financial certificate programs.
Our courses and curriculum are constantly updated to ensure they provide the most relevant skills and information. More information about our current classes and their week-by-week schedule of materials can be found here: Courses. All students are required to complete our unique capstone class, which requires students to provide a weekly update on progress in front of their peers. This enhances the experience and leads to very interesting projects, some of which are featured on this page: FE 800 Selected Projects.
Both our master’s and Ph.D. programs in financial engineering originated in Stevens’ mathematics department and continue to uphold a high standard of mathematical rigor. Since relocating the programs to the School of Business in 2018, students now benefit from a dedicated career development team, the Corporate Outreach and Professional Advancement (COPA) Office. You will receive personalized support through resume reviews, interview preparation, industry advice, internship and career leads, networking opportunities and more. This balanced approach gives you a competitive edge in the job market for quantitative technical skills.
For graduates of our FE master’s program looking to further their education, our Ph.D. program, created in 2009, was the first of its kind in the United States. Graduates now hold prominent roles on Wall Street and are educators in FE-related programs.
The Hanlon Financial Systems Laboratories were created in 2012 to support our finance programs. Today, the labs support many classes where students learn key programming languages, including Python, R, SAS and C++, which help them gain an edge in an increasingly competitive job market. The labs also have a large set of available financial databases: Databases - Hanlon Financial Systems Center.
The Center for Research toward Advancing Financial Technologies (CRAFT), funded by the National Science Foundation, offers students an amazing opportunity to delve into research in the rapidly evolving world of financial technology (fintech) and to network with other academics and industry professionals. The Center, established by a collaboration between Stevens and Rensselaer Institute of Technology (RPI), was the first Industry University Research Center (IURC) funded by NSF in finance. The Center now has 16 industry partners at the date of this writing, and new partnerships are being developed.
Admission Deadline
Stevens has rolling admission with separate deadlines for international and domestic applicants. Start your application here.
All full-time applicants are required to submit GMAT or GRE scores with their application. Part-time students do not need this score. International students also must include TOEFL or IELTS scores along with their applications. Applicants must submit a statement of purpose, academic transcripts and letters of recommendation. Excellent applicants are considered for our merit-based scholarships.
For more information about our program, along with our Master of Science in Financial Technology and Analytics and Master of Science in Finance, check out their program pages here.
Tuition
The program is 30 credits. Student traditionally take a 12/12/6-credit semesters format. The most up to date tuition costs are found on this page. The current (as of writing 2023-24) costs are listed here: Tuition costs 2023-24.
Located just minutes from New York City’s financial district, Stevens offers abundant opportunities to connect with industry leaders and access top internships and career prospects.
Stevens’ financial engineering program offers the up-to-date skills required to address the most recent developments in the financial services industry. When you enroll, you will complete six core courses (18 credits). For the remaining 12 credits, you may choose any elective courses, many of which form our financial certificate programs.
Our courses and curriculum are constantly updated to ensure they provide the most relevant skills and information. More information about our current classes and their week-by-week schedule of materials can be found here: Courses. All students are required to complete our unique capstone class, which requires students to provide a weekly update on progress in front of their peers. This enhances the experience and leads to very interesting projects, some of which are featured on this page: FE 800 Selected Projects.
Both our master’s and Ph.D. programs in financial engineering originated in Stevens’ mathematics department and continue to uphold a high standard of mathematical rigor. Since relocating the programs to the School of Business in 2018, students now benefit from a dedicated career development team, the Corporate Outreach and Professional Advancement (COPA) Office. You will receive personalized support through resume reviews, interview preparation, industry advice, internship and career leads, networking opportunities and more. This balanced approach gives you a competitive edge in the job market for quantitative technical skills.
For graduates of our FE master’s program looking to further their education, our Ph.D. program, created in 2009, was the first of its kind in the United States. Graduates now hold prominent roles on Wall Street and are educators in FE-related programs.
The Hanlon Financial Systems Laboratories were created in 2012 to support our finance programs. Today, the labs support many classes where students learn key programming languages, including Python, R, SAS and C++, which help them gain an edge in an increasingly competitive job market. The labs also have a large set of available financial databases: Databases - Hanlon Financial Systems Center.
The Center for Research toward Advancing Financial Technologies (CRAFT), funded by the National Science Foundation, offers students an amazing opportunity to delve into research in the rapidly evolving world of financial technology (fintech) and to network with other academics and industry professionals. The Center, established by a collaboration between Stevens and Rensselaer Institute of Technology (RPI), was the first Industry University Research Center (IURC) funded by NSF in finance. The Center now has 16 industry partners at the date of this writing, and new partnerships are being developed.
Admission Deadline
Stevens has rolling admission with separate deadlines for international and domestic applicants. Start your application here.
All full-time applicants are required to submit GMAT or GRE scores with their application. Part-time students do not need this score. International students also must include TOEFL or IELTS scores along with their applications. Applicants must submit a statement of purpose, academic transcripts and letters of recommendation. Excellent applicants are considered for our merit-based scholarships.
For more information about our program, along with our Master of Science in Financial Technology and Analytics and Master of Science in Finance, check out their program pages here.
Tuition
The program is 30 credits. Student traditionally take a 12/12/6-credit semesters format. The most up to date tuition costs are found on this page. The current (as of writing 2023-24) costs are listed here: Tuition costs 2023-24.
