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The Baruch College Financial Engineering MS Program is a professional Master's Program that graduates competitive, high-quality individuals who successfully pursue careers in quantitative finance.

The Master of Science in Financial Engineering (MFE) requires the completion of 36 credits, including seven 3-credit required courses. The remaining 15 credits are to be completed from elective courses. Students entering the program with exceptional mathematical or financial skills may be permitted to replace one or more of the required courses with additional electives.

The curriculum of the MFE Program is designed to provide students with the background required for modeling and solving problems that arise in the financial services industry across various markets and asset classes. All courses are offered in the evening to accommodate students with work commitments.

Courses in Specialization    (36 credits) 

Required Courses                 (21 credits)
A Quantitative Introduction to Pricing Financial Instruments 3
Software Engineering in Finance 3
Numerical Methods for Finance I 3
Probability and Stochastic Processes for Finance I 3
Numerical Methods for Finance II 3
Probability and Stochastic Processes for Finance II 3
Capstone Project and Presentation 3

Elective Courses                   (15 credits)

Choose courses from the following list:
Statistics for Finance 3
Linear and Quadratic Optimization Techniques 1.5 
Market and Credit Risk Management 3
Elements of Structured Finance 3
Deal Theory and Structured Analysis 3
MTH 9863 Volatility Filtering and Estimation 1.5 
Commodities and Futures Trading 1.5  
Time Series Analysis and Algorithmic Trading  3
Advanced Risk and Portfolio Management  3
Advanced Computational Methods in Finance  3
Interest Rate Models and Interest Rate Derivatives  3
The Volatility Surface  3
Market Microstructure Models  3
Current Topics in Mathematical Finance  3
Fixed Income Risk Management 1.5  

Structured Security Valuation in the Primary Market 


Machine Learning 


Introduction to Applied Financial Econometrics 


Time Series Analysis 


Algorithmic Trading 

MTH 9895 Big Data in Finance 1.5 

Behavioral Finance 

(Term I) Econometrics I 3
(Term II) Financial Econometrics 3
Financial Markets and Institutions 3
Futures and Forward Markets 3
Investment Analysis 3
International Financial Markets 3
Seminar in Finance 3
Advanced Investment Analysis 3
Options Markets 3
Applied Regression Analysis 3
Time Series: Forecasting and Statistical Modeling 3
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