The master’s in Financial Engineering offers professionals a cutting-edge blend of applied mathematics, computational techniques and statistical analyses, combined with basic financial and economic theory. Because of the highly technical nature of a financial engineer's work, students are required to have an academic or professional background that prepares them to excel in such an environment.
Full-time applications to the Financial Engineering program are accepted in three distinct cycles. To be considered for admission, all materials must be submitted by the deadline.
Included in admission offer
Part-time applications to this program are accepted on a rolling basis.
Admission to the Financial Engineering master’s program is very competitive. To be considered for this program, your application must include the following.
Your application must include official transcripts from all universities you have attended, or in which you are currently enrolled. These records must show your name, the name of the university attended, enrollment dates, coursework completed and grades assigned. Your bachelor's degree must be in science, mathematics, computer science, engineering or a related discipline. Your degree also must come from an accredited institution, and you must have attained a B average, to be considered.
Stevens often invites master's candidates to interview prior to making an admissions decision. If you are selected for an interview after submitting your application, you will receive instructions via email.
Your application must include two letters of recommendation. The strongest applications will include one letter from a current supervisor, and one from a former supervisor or previous employer who can speak to your leadership potential and discuss your professional performance.
All candidates to this program are required to submit GMAT or GRE scores with their application; part-time applicants with work experience may be eligible to waive this requirement. Only students with excellent test scores will be deemed a fit for the coursework. However, it's important to keep in mind that your test scores are only one feature of your application, and will be considered along with your other credentials. Please use the following reporting codes to submit test scores to Stevens:
International students also must include TOEFL or IELTS scores along with their applications.
Work experience is not a requirement for this master's program. However, the admissions committee values applicants with at least one year of professional experience. You must include a résumé with your application that highlights:
Work and internship experience.
Given the technical nature of this degree, students are required to have completed courses in each of the following disciplines prior to starting the program:
Calculus and differential equations.
Probability and statistics.
Programming (Java, C++, R or Python).
Stevens noncredit courses in these disciplines for students needing to satisfy these requirements.