Master’s in Financial Engineering
Bring a quantitative approach to the complex technical challenges facing the finance industry, ensuring you can create value throughout your career.
The finance world's rapid transition to a digital discipline has created incredible opportunities for experts in computer science, statistics, economics and mathematics to develop solutions to increasingly complex problems, such as how to value an asset, how to assess risk and the smartest ways to manage a portfolio. Quants are some of the most-sought professionals on Wall Street for their coding versatility and ability to model financial data to drive better decision-making.
The Financial Engineering program at Stevens resides in the School of Business, giving it a practical orientation that few other programs offer. Lessons emphasize how technical tools can address specific challenges in the markets, while preparing you to identify inefficiencies, recognize opportunities and develop innovative new products. The Stevens program also recognizes the systemic nature of financial markets and prepares you for the challenges of working in large, interconnected environments.
Intakes
- Jan
- Aug
Application Processing Time in Days: 25
Minimum English Language Requirements
| English Level Description | IELTS (1.0 -9.0) | TOEFL IBT (0-120) | TOEFL CBT (0-300) | PTE (10-90) | |
|---|---|---|---|---|---|
| Expert | 9 | 120 | 297-300 | 86-90 | |
| Very Good | 8.5 | 115-119 | 280-293 | 83-86 | |
| Very Good | 8 | 110-114 | 270-280 | 79-83 | |
| Good | 7.5 | 102-109 | 253-267 | 73-79 | |
| Good | 7 | 94-101 | 240-253 | 65-73 | |
| Competent | 6.5 | 79-93 | 213-233 | 58-65 | |
| Competent | 6 | 60-78 | 170-210 | 50-58 | |
| Modest | 5.5 | 46-59 | 133-210 | 43-50 | |
| Modest | 5 | 35-45 | 107-133 | 36-43 | |
| Limited | 4 | 32-34 | 97-103 | 30-36 | |
| Extremely Limited | < 4 | < 31 | < 93 | < 30 |
Job Opportunity Potential
It takes a team of extraordinary talent to propel a University on the Rise. Every day, our faculty and staff commit to fostering an environment in which our students can anticipate and respond to the challenges of tomorrow. At Stevens, we are guided and motivated by our bold strategic plan, The Future…Ours to Create.
This ambitious plan plays an important role in defining what matters to us and helps us strive to do our best and achieve the level of excellence and impact this organization and the world demands. Come for the job, stay for the challenge. Are you ready?
When you work at Stevens, you join a talented, diverse and inclusive community of employees who work together to support the educational mission of the University.
PSW Opportunity
- 12 to 36 months( OPT duration depends on the major studied)
Admission Requirement / Eligibility Criteria
Academic transcripts
Your application must include official transcripts from all universities you have attended, or in which you are currently enrolled. These records must show your name, the name of the university attended, enrollment dates, coursework completed and grades assigned. Your bachelor's degree must be in science, mathematics, computer science, engineering, or a related discipline. Your degree also must come from an accredited institution, and you must have attained a B average, to be considered.
Required coursework
Given the highly technical nature of this degree, students are required to have completed one semester of calculus and one semester of basic probability, hypothesis testing, and estimation prior to starting the program. Stevens offers noncredit courses for students needing to satisfy this requirement.
Professional résumé
Work experience is not a requirement for this master's program. However, the admissions committee values applicants with at least one year of professional experience. You must include a résumé with your application that highlights:
- Academic record.
- Work and internship experience.
- Leadership abilities.
- Professional aspirations.
Interviews
Stevens often invites master's candidates to interview prior to making an admissions decision. If you are selected for an interview after submitting your application, you will receive instructions via email.
GMAT/GRE scores
All candidates to this program are required to submit GMAT or GRE scores with their application; part-time online students with work experience may be eligible to waive this requirement. Admission to the Business Intelligence & Analytics program is extremely competitive, and only students with excellent test scores will be considered. However, it's important to keep in mind that your test scores are only one feature of your application, and will be considered along with your other credentials. Please use the following reporting codes to submit test scores to Stevens:
- GRE: 2819
- GMAT: 638LX12
International students also must include TOEFL or IELTS scores along with their applications.
Letters of recommendation
Your application must include two letters of recommendation. The strongest applications will include one letter from a current supervisor and one from a former supervisor or previous employer who can speak to your leadership potential and discuss your professional performance.
Requirements Based on TOEFL/IELTS/DuoLingo Scores
TOEFL iBT: 86 or higher
TOEFL PBT: 567 or higher
IELTS: 7 or higher
DuoLingo: 110 or higher
Applicants who score at or above the scores above are not required to enroll in English Language Communication (ELC) courses.
TOEFL iBT: 79-85
TOEFL PBT: 550-563
IELTS: 6.5
DuoLingo: 105
Applicants who submit the scores above must either enroll in an English Language Communication (ELC) course during their first semester at Stevens or complete and pass the Stevens English Communication Proficiency Exam (ECPE)* upon arrival to campus.
Completion of the ELC 81 or ELC 91 course is required. Level placement depends on an assessment of your sub-scores on TOEFL or IELTS.
*English Communication Proficiency Exam (ECPE)
- Course Type: Full Time
- Course Level: Masters/PG Degree
- Duration: 01 Year
-
Total Tuition Fee:
40940 USD
Average Cost of Living: 14000 USD /year
Application Fee: 70 USD
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