Stevens Institute of Technology - MS in Financial Engineering

1. Focus on Cutting-Edge Quantitative Skills
The coursework focusses on quantitative finance, machine learning, and risk modeling
2. Practical Application
Real-world projects and case studies simulate finance industry challenges. Perfect combo of Math + programming + finance
3. Industry Connections
Proximity to NYC for networking, internships, and Wall Street job opportunities.
4. Research and Labs
Access to Hanlon Financial Systems Lab for hands-on experience with financial data and analytics.
5. Alumni Network
Strong network in finance and fintech supports job placements and career growth.

MS Financial Engineering at Stevens Institute of Technology is where Physics, Mathematics, and Computer Programming intersects with real life applications in Finance. The well balanced curriculum and different concentrations offered provides students with the flexibility to pursue their area of interest quantitative finance without losing track of the fundamental building blocks.

The MFE program at Stevens is an excellent choice for anyone aiming to break into finance. The curriculum is both customizable and rigorous, allowing me to focus on areas like derivatives pricing and risk modeling. Professors go beyond teaching, offering mentorship and connecting students with valuable peers and industry professionals alike. The program’s strong emphasis on relevant, technical skills ensures that graduates are well-prepared to excel in competitive financial roles.

The MFE program at Stevens was very rigorous and flexibility available in the coursework provided options to take on courses based on my area of interests. Location of the school was also quite helpful with easy access to New York which provided networking opportunities.

The Master’s in Financial Engineering (MFE) program at Stevens Institute of Technology has been instrumental in preparing me for a finance career, even as a non-finance student. The curriculum is robust and highly customizable, enabling me to focus on algorithmic trading with courses in market microstructure, trading strategies, and derivatives pricing. Stevens' proximity to New York City provides unparalleled networking opportunities, enhancing the program’s industry relevance.

The faculty's dedication is exceptional, offering not just academic support but career guidance and invaluable industry connections. The capstone project, in partnership with leading financial firms, allows students to apply theoretical knowledge to real-world challenges, bridging the gap between academia and practice. Through my own project, I developed an algorithmic trading model, a hands-on experience that showcased the program's commitment to practical learning.

Stevens’ MFE program offers access to essential financial databases like Bloomberg and Refinitiv, a significant advantage for quantitative research. The program's focus on current market trends, the faculty’s industry expertise, and a strong alumni network contribute to its high ROI, making it a competitive choice for aspiring financial engineers. For those ready to put in the work, Stevens MFE is an outstanding investment.

The MFE is world-class, providing students with industry-relevant knowledge and strong career preparation. What sets Stevens apart is the personalized attention from faculty, who go beyond teaching by offering career guidance and industry connections. Courses are aligned with current market trends, and the FE800 project, in partnership with leading financial firms, offers hands-on experience in real-world innovation. Graduates leave well-equipped for success, with the tools to thrive in top financial roles.

The Master’s in Financial Engineering (MFE) program at Stevens Institute of Technology is a fantastic option for those looking to break into finance, even from a non-finance background, like myself as part of the Class of 2024. The program offers a customizable curriculum that I tailored for an algorithmic trading role, with courses in market microstructure, algorithmic trading strategies and derivatives pricing. Despite the challenging coursework, the program is designed to build a strong foundation for students from various fields, with professors offering support to bridge knowledge gaps. One of the most exciting aspects was the Capstone project, where I developed an algorithmic trading model, allowing me to apply finance theory and coding skills to a real-world problem. Overall, the Stevens MFE program not only prepares you with the technical and analytical skills needed for roles like algorithmic trading but also provides excellent career support to help you succeed in the competitive finance industry.

The Stevens Institute of Technology's Master in Financial Engineering program is outstanding and deserves recognition alongside the top MFE programs in the country. The core curriculum, which includes subjects such as advanced derivatives, computational methods in finance, stochastic calculus, and portfolio optimization, provides comprehensive knowledge, skills, and tools essential for a career in quantitative finance and financial engineering. A wide range of elective courses allows students to delve into specific niches and topics that align with their interests and passions. The instructors and program directors have impressive credentials and are dedicated to helping students master challenging concepts while preparing them for professional success. For anyone passionate about financial engineering and aiming to excel in the field, Stevens Institute of Technology is an ideal choice.

Stevens' MFE program offers a solid academic foundation, with knowledgeable faculty who bring valuable industry experience. The coursework is challenging, but the capstone projects stand out as an effective way to apply classroom knowledge to real-world situations, making the learning experience more practical and rewarding.

The proximity to NYC provides excellent access to networking opportunities and top firms. Overall, it’s a well-rounded program and a strong investment for those pursuing a career in finance.

Coming from an engineering and non-finance background, this program prepared me to dive into the quantitive side of finance. The courses are of high quality and the faculty is a highly skilled team, including professors directly from the industry who bring practical insights and relevance to the classroom. The program also provides access to valuable financial databases like Bloomberg and Refinitiv at no cost which are essential resources for research.

The Stevens Financial engineering curriculum is one of the best in the world. Before joining Stevens, I knew nothing about finance. Today, after my graduation, I am well prepared for a successful career in finance.

One thing that stands out at Stevens is the personal touch and attention given to students, and every professor will take the time to explain concepts, guide you with your career decisions, and connect you with industry professionals to jumpstart your career.

I believe that the subjects are up to date with the industry trends, and a big example are subjects like the Capstone project, where you partner with a bulge bracket bank to work on innovative projects. If you take all the information given to you seriously, there is nothing stopping you to be one of the best professionals on wall street.

I cannot speak highly enough about the Stevens MSFE program. I graduated in May 2023. The program continues to pay dividends and connect me with successful and genuine graduates. This program is certainly on the uptrend and will not change direction any time soon.

The online part time program allowed me to complete the MSFE almost under 2 years while working full time and focusing on the content. This allows for a very high ROI in the New York City area.

The program leaders Prof. Hatzakis and Prof. Florescu care about the students. I had the opportunity to take two elective courses with practitioners from Bank of America (FE 571) and Nomura (FE 635). These projects introduced me to concepts such as various hedge fund strategies and FX Derivative trading. Also, the culmination research project with Prof. Florescu allowed for in-depth research on a topic of mutual selection (FE 800). Prof. Florescu is an expert in data analytics, AI & ML. You will learn from a great mentor. The projects are practical and carry weight during interviews. ALL professors are highly qualified and care about the student outcomes.

My experience at Stevens unlocked job opportunities in a tough labor market. One recruiter specifically searched for my degree at Stevens. Those who put in the work in this program will not be disappointed with the results!

I graduated with a Master's in Financial Engineering from Stevens Institute of Technology, and it has been instrumental in shaping my career in the finance industry. The program's curriculum is exceptionally well-designed, integrating theoretical knowledge with practical applications. Core courses like Stochastic Calculus for Financial Engineers (FE 610), Pricing and Hedging (FE 620), and Portfolio Theory and Applications (FE 630) provided a robust foundation in quantitative finance and risk management, crucial for my role as a Credit Risk Analyst and Quantitative Analyst.

The professors at Stevens go above and beyond to support their students, combining academic rigor with real-world industry experience. Their mentorship has been invaluable, offering personalized guidance that helped me navigate the complexities of the finance sector. Courses like Advanced Derivatives (FE 680) and the Project in Financial Engineering (FE 800), which often involve industry collaborations, were particularly beneficial in applying classroom concepts to real-world scenarios.

Stevens Institute of Technology is renowned for its strong connections to the finance industry, especially given its proximity to New York City. This location advantage, combined with excellent career services, facilitated numerous networking opportunities, internships, and job placements with top-tier firms. The university's reputation as a leading institution for financial engineering is well-deserved, providing a platform that effectively bridges academic learning with industry practice.

I would like to extend a special thanks to Professor Emmanuel Hatzakis, Industry Professor and Director of Finance & Financial Engineering at Stevens. His dedication to his students is truly remarkable. Professor Hatzakis consistently went above and beyond, offering invaluable support and guidance tailored to each student’s individual needs. His commitment to fostering a nurturing and challenging learning environment has made a profound impact on my educational journey and professional development. I am incredibly grateful for his mentorship and unwavering support.

The Financial Engineering Master’s program at Stevens Institute of Technology is founded on academic excellence and personal growth. From the very beginning, my admissions process was incredibly personal and attentive with the dedicated efforts from Dr. Emmanuel Hatzakis. His guidance and support made my admission into this program seamless and welcoming!

The curriculum provided an in-depth exploration of subjects including advanced derivatives, algorithmic trading, and stochastic calculus. These core subjects were taught with a level of detail and clarity that not only enhanced my understanding but also sparked a passion for the intricacies of quantitative finance. The program's focus on these advanced topics ensured that I gained a comprehensive understanding of the financial markets and the quantitative techniques used within them.

Moreover, the hands-on learning experiences and real-world applications of theoretical knowledge significantly helped prepare me for the professional world. The program's emphasis on cutting-edge financial engineering practices equipped me with the tools and confidence needed to excel in the fast-paced and ever-evolving field of quantitative finance.

The Master of Science program in Financial Engineering at Stevens is an academic endeavor that paves the way for a successful and fulfilling career. Overall, the combination of having a personal admissions process, exceptional teaching, and practical experience sets graduates up for professional success as leaders in the industry.

What’s great about the program at Stevens is that it’s highly customizable to what you want to focus on in your career in finance. They have paths to be more computer science focused, algo trading focused, analytics focused, mathematics focused and more. You still get a bit of everything in the day to day curriculum to really help you decided where to focus and the majority of the staff is fantastic and has real world experience. The knowledge I gained has really helped to get me to where I am on the street today.

The admission process was accommodating and I received a scholarship of 17000$ with my offer. The courses are on the cutting edge, flexible, and are designed to be highly practical. I selected around 16 courses in machine/deep learning, algo trading, and risk management areas, including some at the Ph.D. level. Professors are exceptional with excellent industry relations. Stevens is renowned for its location, just 10 minutes from Manhattan. The COPA team provided thorough support for my career with my program director and professors offering recommendations and conducting mock interviews for me.

Applying for a PhD within the Stevens FE program is also a great option, as it includes a dedicated two-semester PhD thesis FE900 project. PhD professors will work with you one-on-one to revise your thesis and assist you in publishing papers.

I worked in different hedge funds and Securities firms before Stevens. During the program, I interned at Jefferies and worked on different Capstone Projects from BOA. This rigorous FE program helped me find my full-time quantitative position in Transamerica. You will get a big bang for the buck in the Stevens FE program if you are pursuing a career path in quantitative finance.

The FE program curriculum is set up very professionally, with sub-branches in different domains such as risk management and algorithm reading etc. This structure allows each student to choose their area of interest and delve deeply into learning relevant skills. The courses are designed practically, ensuring that the skills acquired are applicable in industry and not outdated.

The FE program boasts a powerful lab (Hanlon Lab) where students can experiment within a virtual industry environment, with only a few minutes lag from the real market. The lab staff, mostly PhD students, are always helpful in providing instruction when questions arise.

The professors in the FE program set a high standard. Many of them have Wall Street experience and adeptly transfer their knowledge to students. As a student and adult learner, one must be self-motivated and collaborate with professors to maximize the learning experience. Additionally, as a source of connecting to real industry, the program invites external experts or industry leaders to give webinars or tech talks to students.

During graduation and job hunting seasons, numerous large companies visit the campus for on-site hiring, including Morgan Stanley, EY, JP Morgan, and Two Sigma etc. It is highly recommended to be well-prepared to seize these opportunities.

Overall, I highly recommend the Financial Engineering program at Stevens Institute of Technology. I am always grateful for the experience I had at Stevens from 2014 to 2015, which has contributed significantly to my present-day success.

As a recent graduate of the Master of Financial Engineering program, I am pleased to share my experience and the practical knowledge I gained. The curriculum is comprehensive, blending theoretical foundations with real-world applications, which prepared me for the dynamic field of quantitative finance. The faculty, who are educators and industry professionals, provided invaluable mentorship and guidance, ensuring that we, as students, were industry-ready upon graduation. The program's emphasis on practical skills, such as programming and model building, directly contributed to my ability to secure a position in the field. Moreover, the advisors were instrumental in my professional development, offering personalized advice and support throughout my studies. Overall, the MFE program has been a pivotal step in my career, and I am confident that it will continue to foster new talent in the financial engineering community.

Completing my Master's in Financial Engineering in 2022 was a significant milestone. The program was challenging, covering topics like risk management and algorithmic trading, and was taught by experienced professionals from the finance sector. Learning alongside a diverse group of peers enriched the experience, enabling us to tackle complex financial problems together. The administration and the people are genuinely helpful. This education didn't just equip me with technical skills; it also sparked a genuine enthusiasm for exploring the intricacies of the finance industry.

The Financial Engineering program at Stevens is a high-level challenging program that provides more than enough expertise for a junior level candidate to become competent in- any branche of Quantitative Finance work. It will prepare you in the branche of pricing derivatives, in the branche of financial risk management, algorithmic trading, and as well as giving you all of the necessary mathematical attributes, all while learning to conduct all of your work using high-level languages such as Python and R. The Career center holds plenty of campus events, and financial industry alumni's are always prepared to reach out and assist you.