FINANCIAL ENGINEERING
MASTER OF SCIENCE
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
The MSFE program curriculum provides the tools to:
¢ 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.
HOW WE DO IT
Personalized Academic Experience
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.
Large Course Offerings
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
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 FRE department, 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.
Kaiyu Gu and Nathan Tormaschy
Cameron Walcott
TOP RESEARCH AREAS
BOOT CAMPS
PRE-PROGRAM BOOT CAMP
FINANCIAL RISK ENGINEERING AND MANAGEMENT
MACHINE LEARNING AND AI IN FINANCE
FINTECH AND ALGORITHMIC FINANCE
MARKET MICROSTRUCTURE AND DATA SCIENCE
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 three-part 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: QUANTITATIVE CODING FOR FINANCE INTERVIEWS
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
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
CUTTING-EDGE RESEARCH
COMPUTATIONAL FINANCE
The Department of Finance and Risk Engineering (FRE) 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 the emerging challenges in the ever-changing world of finance through local and global industry collaborations.
CAREERS AND CONNECTIONS
The Department of Finance and Risk Engineering 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
Quantitative Analyst/Associate
Quantitative Researcher
Quantitative Modeler
Risk Management Analyst/Associate Technology Analyst/Associate Trading Analyst/Associate Valuation Analyst/Associate
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.
EMPLOYERS
Alphadyne
American Express
Bank of America
Bank of Guangzhou
Barclays
Bayview Asset Management
BlackRock Bloomberg
BNP Paribas
Bridgewater Associates
Changjiang Securities
China Asset Management Co.
China International
Capital Corporation (CICC)
China Securities
Citibank
CITIC Securities
CME Group
Deutsche Bank
Ernst & Young
Goldman Sachs
Huatai Securities
Huawei
JPMorganChase
Morgan Stanley
Nomura
Omni Risks Management
PwC
Qontigo
RBC Capital Markets
Royal Bank of Canada
SLC Management
SMBC Capital Markets
Societe Generale
Standard Chartered
Sumitomo Mitsui
Banking Corporation
Two Sigma
A sampling of top companies hiring our MSFE graduates
ADMISSION INFORMATION
1.646.997.3182
engineering.gradinfo@nyu.edu
LEARN MORE AND APPLY engineering.nyu.edu/fre
LEARN MORE ABOUT TANDON grad.engineering.nyu.edu/info
HOW TO APPLY
The best and brightest from around the world apply for admission to the NYU Tandon School of Engineering.
APPLICATION REQUIREMENTS
grad.engineering.nyu.edu/requirements
START YOUR APPLICATION
grad.engineering.nyu.edu/apply