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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 Instruments3 credits
Software Engineering in Finance3 credits
Numerical Methods for Finance I3 credits
Probability and Stochastic Processes for Finance I3 credits
Numerical Methods for Finance II3 credits
Probability and Stochastic Processes for Finance II3 credits
Capstone Project and Presentation3 credits

Elective Courses                   (15 credits)

Choose courses from the following list:
Statistics for Finance3 credits
Linear and Quadratic Optimization Techniques1.5 credits 
Market and Credit Risk Management3 credits
Elements of Structured Finance3 credits
Deal Theory and Structured Analysis3 credits
MTH 9863Volatility Filtering and Estimation1.5 credits 
Commodities and Futures Trading1.5 credits  
Time Series Analysis and Algorithmic Trading 3 credits
Advanced Risk and Portfolio Management 3 credits
Advanced Computational Methods in Finance 3 credits
Interest Rate Models and Interest Rate Derivatives 3 credits
The Volatility Surface 3 credits
Market Microstructure Models 3 credits
Current Topics in Mathematical Finance 3 credits
Fixed Income Risk Management1.5 credits  

Structured Security Valuation in the Primary Market 

1.5 credits  

Machine Learning 

1.5 credits

Introduction to Applied Financial Econometrics 

1.5 credits

Time Series Analysis 

1.5 credits  

Algorithmic Trading 

1.5 credits  
MTH 9895Big Data in Finance1.5 credits 

Behavioral Finance 

1.5 credits
(Term I) Econometrics I3 credits
(Term II) Financial Econometrics3 credits
Financial Markets and Institutions3 credits
Futures and Forward Markets3 credits
Investment Analysis3 credits
International Financial Markets3 credits
Seminar in Finance3 credits
Advanced Investment Analysis3 credits
Options Markets3 credits
Applied Regression Analysis3 credits
Time Series: Forecasting and Statistical Modeling3 credits
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