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Baruch College Master's in Financial Engineering Program Wins 1st Place in IAFE Academic Case Competition


NEW YORK, NY -- June 11, 2015 - Baruch’s MFE Program won first place in the Fourth Annual International Association of Financial Engineers (IAFE) Academic Student Competition.

In a competition of 25 teams from 17 programs, Baruch students researched and wrote a paper on developing a product which can be used to reduce the risk in defined benefit pension plans.

“This was the first time a four-way tie for 1st place was declared in the IAQF Student Competition,” says Dan Stefanica, MFE Program Director. “Congratulations to our students who participated while also interviewing for summer internships and studying full-time, which makes the outcome all the more remarkable.”

The team worked under the direction of Mathematics Professor Andrew Lesniewski, and was led by Team Captain Scott Hounsell, who confirmed an internship with Alphadine Capital Management. Team members included Yifan Cui, Bank of America Merrill Lynch; Chao Feng, Morgan Stanley; Yun Peng, Goldman Sachs; Sam Pfeiffer, Morgan Stanley; and Haotian Wu, JP Morgan. All the students expect to graduate by May 2016.

The other first-place teams included students from Cornell, UC Berkeley, and University of Illinois.

About Baruch College:

Baruch College is a senior college in the City University of New York (CUNY) with a total enrollment of more than 18,000 students, who represent 164 countries and speak more than 129 languages. Ranked among the top 15% of U.S. colleges and the No. 4 public regional university, Baruch College is regularly recognized as among the most ethnically diverse colleges in the country. As a public institution with a tradition of academic excellence, Baruch College offers accessibility and opportunity for students from every corner of New York City and from around the world. For more about Baruch College, go to



Kirk Petersen, (646) 660-6124,

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