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Financial Engineering Master's Program

Program Details


Master of Science


School of Business Graduate Program


On Campus & Online


Office of Graduate Admissions1.888.511.1306[email protected]
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Bring a quantitative approach to the complex technical challenges facing the finance industry, ensuring you can create value throughout your career.

An award reading Best National Quant Programs 2024The Financial Engineering program at the School of Business ranked #19 in QuantNet's 2024 Best Financial Engineering Masters programs in the United States.The finance world's rapid transition to a digital discipline has created incredible opportunities for experts in computer science, statistics, economics and mathematics to develop solutions to increasingly complex problems, such as how to value an asset, how to assess risk and the smartest ways to manage a portfolio. Quants are some of the most-sought professionals on Wall Street for their coding versatility and ability to model financial data to drive better decision-making.

The Financial Engineering program at Stevens resides in the School of Business, giving it a practical orientation that few other programs offer. Lessons emphasize how technical tools can address specific challenges in the markets, while preparing you to identify inefficiencies, recognize opportunities and develop innovative new products. The Stevens program also recognizes the systemic nature of financial markets and prepares you for the challenges of working in large, interconnected environments.

The Financial Engineering program at the School of Business ranked #19 in QuantNet's 2024 Best Financial Engineering Masters programs in the United States. Our program also has the lowest private university tuition cost and is one of the lowest overall tuitions, making it an affordable investment in your future. The 2024 QuantNet ranking is the most authoritative and comprehensive ranking of best Financial Engineering programs in the United States.

Capstone Experience

No graduate business education is complete without an opportunity to apply what you've learned on a project of consequence. At Stevens, that takes many forms — a consulting assignment with an industry partner, a research project that addresses an industry need, even the chance to nurture your own entrepreneurial venture — and is customized for you, your education and your career aspirations. 

The Financial Engineering master's program at Stevens is available on campus or fully online.

Core Curriculum

The quantitative and systems-intensive perspective of the master's program prepares students to use financial engineering techniques to solve problems in securities valuation, risk management, portfolio structuring and regulatory concerns, with an emphasis on stochastic modeling, optimization and simulation techniques. The 30-credit degree includes six required courses that emphasize quantitative finance, financial services analytics, financial risk and regulation, and financial systems. As part of the degree, students are encouraged to take an integrated four-course certificate that allows for additional expertise in a particular discipline of their choosing.

Electives & Certificates

In addition to the six core courses above, students need to complete four additional elective classes for a total of 12 credits. Those 12 credits may be any courses the advisor approves. In particular, students may choose to complete the elective courses from one of the following graduate certificate programs. This would allow students to graduate with a master’s degree and a graduate certificate at the same time.

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.

Application Deadlines

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.

Application Cycle

Application Deadline

Application Decision

Acceptance Deadline


Oct. 15

Dec. 1

Jan. 15


Jan. 15

March 1

Included in admission offer


April 15

May 1

June 1

Part-time applications to this program are accepted on a rolling basis.

Admission Criteria

Admission to the Financial Engineering master’s program is very competitive. GMAT and GRE scores are optional, but candidates applying to this program are encouraged to submit them with their application. To be considered for this program, your application must include the following.

M.S. in Financial Engineering Careers

  • Derivative Analyst

  • Complex Securities Manager

  • Credit Algorithmic Quant

  • Credit Analyst

  • Quant Risk Analyst

  • EFX Trader

  • Options Surveillance Analyst

  • Quant Developer

Potential hiring organizations include companies like: Capital One, Deloitte, Intuit, Metlife, New York Life Insurance Company, New York Stock Exchange and more.

M.S. in Financial Engineering: Facts & Figures

Employed 6 Months After Graduation
Average Compensation
Best Financial Engineering Masters Programs
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