Campus & Community

Stevens Signs Cooperation Agreement with Leading Chinese University

Universities will Collaborate on Tech-Infused Business Programs, Finance Conference

Six people in business attire stand before a banner celebrating the collaboration between Stevens and USTC.
Stevens announced a cooperation agreement with the University of Science and Technology of China. Dr. Shuguang Zhang, fourth from left, poses with members of Stevens' academic leadership team.

Leadership at Stevens Institute of Technology and the University of Science and Technology of China have announced an agreement that will provide incredible opportunities for Chinese students to study business at Stevens, while extending the School of Business’ finance leadership into Asia.

Under the agreement, USTC students will be eligible to study for a year in Hoboken, NJ, at which point they will receive a Stevens graduate business degree in Business Intelligence & Analytics, Finance or Financial Engineering, or an MBA

In addition, USTC will host Stevens’ annual Conference on High Frequency Finance and Analytics, an event that traditionally has been held on the Stevens campus. Under the agreement, the conference would remain an annual tradition, but would rotate between China and the United States, said Dr. Michael zur Muehlen, associate dean of the graduate enterprise at the School of Business. 

Expertise in finance, technology

Dr. zur Muehlen said the School of Business’ expertise in Financial Engineering helped attract USTC to Stevens. 

“USTC was impressed by the research output and depth of expertise of the financial engineering faculty at Stevens,” Dr. zur Muehlen said. “Combined with the traditional finance and fintech offerings at the School of Business, a relationship with Stevens was very desirable.” 

A group of freshmen present a project on cryptocurrency in the Hanlon Lab at Stevens. Bloomberg terminals are visible in the foreground.
Students use presentation technology in the Hanlon Financial Systems Center to create immersive presentations in topics like cryptocurrency and risk management.

Stevens is becoming a market leader in the area of finance. The School of Business offers majors in Quantitative Finance and Finance, as well as master’s degrees in Finance, Financial Engineering and Financial Analytics. In addition to a host of graduate certificates, the school offers a Ph.D. in Financial Engineering and a Finance concentration in its Ph.D. in Business Administration. The university also is home to the high-tech Hanlon Financial Systems Center, unique in higher education for its two labs, each outfitted with hardware and software systems that enable advanced data analysis and visualization, along with enhanced collaborative capabilities. 

Stevens and USTC are natural partners, given the Heifi-based university’s strengths in scientific and technology research and education. The University of Science and Technology of China is ranked among China’s top universities and also is accredited by AACSB International. 

“We are greatly looking forward to sharing some of our expertise with students and researchers from one of China’s most prestigious universities,” said Dr. Gregory Prastacos, dean of the School of Business. “I expect to see many exciting developments for both institutions as this partnership gets under way.”