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Financial Engineering Master's Program

Program Details


Master of Science


School of Business Graduate Program


On Campus & Online


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.

AACSB logo

30 Credit Program

Full and Part Time Program

STEM designated program

Top rated by Quantnet

Program Highlights

The Confluence of Math and Business: Our program originated in Stevens’ mathematics department and continues to uphold a high standard of mathematical rigor. With its relocation in 2018, our graduates have become even more valuable employees. By also being fluent in the language of business they can identify new opportunities and drive more strategic decision-making.

Customizable Program: Students can tailor this program to their career goals and pursue a specialization in investment banking and valuation, financial analytics and risk, wealth management or certified financial planning. Our courses and curriculum are constantly updated to ensure the most relevant skills and information.

Wall Street Tools: Students gain hands-on experience with the latest technologies used by Wall Street firms and global financial institutions, providing them with a competitive edge in the job market. The program's emphasis on practical application ensures seamless integration into dynamic finance roles.

The Heart of Global Finance: Located so close to the financial capital of the world, New York City, Stevens provides students with unparalleled access to industry leaders, networking events and real-world finance experiences. Our strategic location offers a competitive advantage for students seeking to launch successful careers in the heart of global finance.

Forging the Future of Fintech: A collaboration between Stevens and Rensselaer Institute of Technology (RPI), The Center for Research toward Advancing Financial Technologies (CRAFT) was the first fintech-focused Industry University Cooperative Research Center (IUCRC) funded by the National Science Foundation. The Center offers students an amazing opportunity to delve into research in the rapidly evolving world of financial technology and to network with other academics and industry professionals.

Meta-Learning for a Competitive Edge: Develop invaluable meta-learning skills through our innovative curriculum, including the FE800 course, which fosters research abilities, communication prowess and interest in result-oriented techniques. By mastering the art of breaking down complex issues swiftly to create data-driven solutions, gaining insights into thinking processes, attitudes, motivation, and decision-making contexts, you'll cultivate a meta-learning mindset that has become increasingly crucial in the digital era.

GMAT/GRE test scores are optional for all master’s programs except MBA. Applicants who think that their test scores reflect their potential for success in graduate school may submit scores for consideration.

Preparing the Next Generation of Financial Leaders

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.

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

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. 

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

  • Algorithmic Trading Modeler

  • Desk Strategist

Potential hiring organizations include companies like: Bank of America, Citadel, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, UBS, Capital One, Deloitte, Intuit, Metlife, New York Life Insurance Company, New York Stock Exchange and more.

Admission Criteria

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.

Preferred Application Deadlines




SUMMER (Domestic Applicants Only)

Master's Full-Time

April 15

November 1

May 1

Master's Part-Time

August 15

January 1

May 1

  • Graduate programs admit students on a "rolling" basis, meaning that students may still apply after the preferred deadlines.

  • Students requiring an F1 Visa are strongly encouraged to apply by the preferred deadlines to allow time for visa processing.

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.

Meet the Program Director

Headshot of Program Director Emmanuel Hatzakis Dr. Emmanuel Hatzakis director of the Finance and Financial Engineering programs, joined Stevens School of Business after a long career at Bank of America, UBS, Goldman Sachs and Merrill Lynch. His teaching curriculum focuses on wealth management, financial derivatives and fintech. He has a master's and Ph.D. from the Wharton School of the University of Pennsylvania.

M.S. in Financial Engineering: Facts & Figures

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