FINANCIAL ENGINEERING MASTER’S PROGRAM
MS IN FINANCIAL ENGINEERING In one of the largest and most prestigious financial engineering graduate programs in the world, you will develop a deep understanding of artificial intelligence, machine learning, blockchain/cryptocurrencies, and data science. NYU Tandon’s MSFE program holds the #2 spot in TFE Times’ Best Master’s of Financial Engineering Programs for the fourth year in a row, and is ranked in QuantNet’s Best Financial Engineering Programs at #11.
WHAT WE DELIVER
HOW WE DO IT
The MSFE program curriculum provides the tools to:
Personalized Academic Experience
Wield sophisticated trading and risk management strategies in order to engineer solutions to a host of financial problems. Apply algorithmic finance to build efficient trading strategies and platforms in an increasingly technological cyber finance environment. Use analytical and numerical techniques to develop and manipulate complex derivatives, computer models, and IT for hedge funds, banks, consulting firms, and other areas of industry. Manage risk in the context of globalized markets, financial compliance, multidimensional regulatory environments, and industry convergence across the financial spectrum.
We don’t believe in the “one-size-fits-all” approach. As a part of the MSFE program at NYU Tandon, you will have the ability to tailor your academic experience based on your individual needs and career goals, and we provide you with the guidance to do so.
Extensive Course Offering Over 50 department-specific courses are offered to MSFE students each semester.
Small Class Sizes The average class size is approximately 15 students, and no classes are larger than 30 students.
Industry Connectivity Within the MSFE program, integration with industry is not just a “nice to have,” it’s a “must-have.” The program is constantly evolving and adapting to the ever-changing climate of the industry and markets, and recruiting faculty from industry to teach cutting-edge courses.
Monthly Seminars Led by Academics and Industry Practitioners Students are exposed to industry practitioners through the Columbia-NYU Financial Engineering Colloquium and the Peter Carr Brooklyn Quant Experience (BQE) Lecture Series.
Kaiyu Gu and Nathan Tormaschy
Cameron Walcott
KAIYU GU Kaiyu Gu chose the NYU Tandon Financial Engineering program for its inclusiveness and close-to-industry curriculum that allowed her to dive deep into the quant world. She proactively takes part in off-campus events, has competed with talents from other schools in the CME Trading Challenge, and won the 2023 IAQF student competition. This multidimensional exposure is preparing Kaiyu to pursue a career as a quantitative trader and, by leveraging career networks and services from The Department of Financial and Risk Engineering (FRE), she secured a summer internship at Belvedere Trading to work in the sought-after area of equity options market making.
NATHAN TORMASCHY Nathan Tormaschy enrolled in NYU Tandon’s MSFE program because of its specialized courses, exceptional professors, and close connections to the industry and the city of New York. In his first year at NYU, he designed a personalized curriculum that best fit his goals. With the help of the FRE career resources and department faculty, Nathan secured a summer internship at Alphadyne Asset Management, a global macro hedge fund. As a front office technology intern, he is developing projects to further the firm’s portfolio and risk management platforms.
CAMERON WALCOTT Cameron Walcott entered the NYU Tandon Financial Engineering program with a background in data science and mathematics, seeking to build a stronger foundation in finance and apply his technical skills in real-world market contexts. He was drawn to the program for its prime location in New York City, the flexibility to tailor coursework to his interests, and the strength of its career services. With the support of the FRE Career Department and the core financial engineering curriculum, Cameron gained hands-on experience in a wide range of asset classes, quantitative finance, and industry research, which prepared him for a summer internship in market risk at RBC Capital Markets, where he worked on the global equities desk. Following graduation, Cameron joined EDF Trading as a graduate rotation analyst and looks forward to exploring roles across quantitative analysis and trading in the dynamic energy markets.
TOP RESEARCH AREAS
FINANCIAL RISK ENGINEERING AND MANAGEMENT
BOOT CAMPS PRE-PROGRAM BOOT CAMP In order to help incoming MS students reach their maximum potential and prepare students for the interview process that begins shortly after the start of the fall semester, the FRE department provides a comprehensive three-part, pre-program boot camp series every summer. The boot camp consists of two online course sections in June and July, and a third two-week intensive section in person in August. This threepart series covers essential topics in capital markets and financial mathematics, including probability distributions, random walks, Markov chains, stochastic processes, martingales, Brownian motion, Ito’s formula, and conditional and joint densities with calculus. It also incorporates Python, data science, and machine learning for financial engineering.
Q-CODE MACHINE LEARNING AND AI IN FINANCE
Q-CODE: Quantitative Coding for Finance Interviews is an initiative designed specifically for rising second-year MSFE students. The goal is to help students sharpen their live coding and technical interview skills in preparation for full-time recruiting. Q-CODE will focus on: Real-time coding interview practice Problem-solving under pressure Targeted feedback to improve your coding skills
JANUARY BOOT CAMP FINTECH AND ALGORITHMIC FINANCE
This 10-day program is intended for students seeking to reinforce their mathematical foundation, thereby enhancing their ability to succeed in the remainder of the program.
ENGINEERING GLOBAL MARKETS MARKET MICROSTRUCTURE AND DATA SCIENCE
COMPUTATIONAL FINANCE
CUTTING-EDGE RESEARCH The FRE department pursues intensive research and an educational program in global finance, as well as interdisciplinary financial research relating to environmental issues, cybersecurity, urban and civil infrastructure, and other topics dependent on important financial considerations. Our program is recognized as being at the forefront of research in the financial field, with faculty from around the world who are highly ranked by the significance of their contributions. Students have opportunities to acquire new insight and build practical solutions to emerging challenges in the ever-changing world of finance through local and global industry collaborations.
CORE FACULTY Nizar Touzi
David Shimko
Finance and Risk Engineering Department Chair
Industry Professor
Professor
Agnes Tourin Industry Professor
Barry Blecherman Vice Department Chair, Finance and Risk Engineering
Amine Mohamed Aboussalah Industry Assistant Professor
Director, MSFE Program
Xin Zhang
Industry Professor
Assistant Professor
CROSS-APPOINTMENT FACULTY Mathieu Laurière Assistant Professor of Mathematics and Data Science and Finance and Risk Engineering, NYU Tandon Assistant Professor of Mathematics and Data Science, NYU Shanghai LEARN MORE ABOUT FRE FACULTY & STAFF grad.engineering.nyu.edu/fre-faculty
CAREERS AND CONNECTIONS The FRE department continuously evolves its curriculum to stay ahead of industry trends, ensuring students develop the skills employers demand. Our graduates are sought after by top firms for their strong technical foundation and leadership potential. Through a global perspective and a substantial professional network, MSFE grads are well-positioned to seize a wide range of career opportunities.
INDUSTRY POSITIONS Credit Risk Analyst/Associate Desk Quant Data Scientist Financial Engineer Market Risk Analyst/Associate Model Development Analyst/Associate Model Validation Analyst Quant Developer Quant Strategist
CAREER SUPPORT MSFE students receive career guidance through the Wasserman Center for Career Development, the Office of Career Services on NYU Tandon’s campus, and the MSFE Career Placement Director, who focuses specifically on FE-related opportunities for students. Company presentations, alumni mentorship, networking events, résumé guidance, and mock interviews are just a few of the many career resources available to MSFE students.
Quantitative Analyst/Associate Quantitative Researcher Quantitative Modeler Risk Management Analyst/Associate Technology Analyst/Associate Trading Analyst/Associate Valuation Analyst/Associate
MORE INFORMATION grad.engineering.nyu.edu/careers
EMPLOYERS Alphadyne
Goldman Sachs
American Express
Huatai Securities
Bank of America
Huawei
Bank of Guangzhou
JPMorganChase
Barclays
Morgan Stanley
Bayview Asset Management
Nomura
BlackRock
Omni Risks Management
Bloomberg
PwC
BNP Paribas
Qontigo
Bridgewater Associates
RBC Capital Markets
Changjiang Securities
Royal Bank of Canada
China Asset Management Co.
SLC Management
China International Capital Corporation (CICC)
SMBC Capital Markets
China Securities
Standard Chartered
Citibank CITIC Securities
Sumitomo Mitsui Banking Corporation
CME Group
Two Sigma
Deutsche Bank Ernst & Young
Societe Generale
A sampling of top companies hiring our MSFE graduates
LEARN MORE FINANCIAL ENGINEERING engineering.nyu.edu/fre
APPLICATION REQUIREMENTS Official transcripts and proof of degree from all previous institutions Two recommendation forms Résumé or curriculum vitae Personal essays English language proficiency testing (if required) ACCESS A FULL LIST OF REQUIREMENTS grad.engineering.nyu.edu/requirements START YOUR APPLICATION grad.engineering.nyu.edu/apply
APPLICATION DEADLINES FALL SEMESTER December 1: Final PhD and MS priority consideration February 15: Final MS general consideration
GRADUATE ADMISSIONS INFORMATION 1.646.997.3182 • engineering.gradinfo@nyu.edu grad.engineering.nyu.edu/info
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