M.S in Financial Engineering

Stevens Institute of Technology

Hoboken, New Jersey, USA
M.S in Financial Engineering
Duration12 Months
LevelMasters Program
  • The master’s in Financial Engineering combines the desired attributes of mathematical modeling, statistical analysis, finance, economics, computer programming skills, and systems thinking to solve the financial challenges at the enterprise and the systemic level
  • The program provides students a fundamental understanding of domains applied in the quantification of financial systems and knowledge that is intrinsic in the structuring of financial products and markets
  • The degree includes six required courses that emphasize quantitative finance, financial services analytics, financial risk and regulation, and financial systems
  • Concentrations:
    • Algorithmic Trading Strategies
    • Financial Services Analytics
    • Financial Risk Engineering
    • Financial Statistics
    • Financial Computing
Fees componentsAmount
Tuition & fees3481097 INR
Hostel & Meals1659618 INR
Insurance155635 INR
Books and Supplies73240 INR
Miscellaneous fees76902 INR
General Services Fee82175 INR
Student Activity Fee24902 INR
Total2072472 INR

Entry Criteria

Class 12thNo specific cutoff mentioned
BachelorsNo specific cutoff mentioned
  • The bachelor's degree must come from an accredited institution, and applicants must have attained a B average, to be considered
  • Prerequisites:
    • Calculus and differential equations.
    • Probability and statistics.
    • Linear algebra.
    • Programming (Java, C++, R or Python)
ExamsTOEFL: 86

IELTS: 7

GRE: Accepted

GMAT: Accepted

Additional info
  • Work experience especially in the finance industry is strongly recommended for this program
  • Applicants who meet one or more of the following criteria can petition to waive the proof of English proficiency requirement if, prior to matriculation at Stevens, they will have:
    • Earned a Bachelor's degree from a college/university outside the U.S. that uses English as the language of instruction
    • Completed two years of full-time graduate study at a college/university outside the U.S. that uses English as the language of instruction
    • Earned a master's degree from a college/university outside the U.S. that uses English as the language of instruction
  • Meeting one or more of the above criteria makes applicants eligible to petition to waive the proof of English proficiency requirement waived, but it does not guarantee that they will be granted a waiver
  • Even if a waiver is granted, applicants will still be required to complete the Stevens English Communication Proficiency Exam (ECPE) upon arrival to campus
  • Applicants who petition to waive the proof of English proficiency requirement are responsible for providing proof that English is the language of instruction at the college/university they attended through an official transcript
  • Applicants can be invited for the interview
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