MFE Program
The Baruch Experience
Interview with Jim Gatheral of Baruch MFE
Dr. Jim Gatheral spent 17 years at Merrill Lynch in equity derivatives trading before joining the Baruch MFE program faculty full-time in 2010. He is the best-selling author of “The Volatility Surface: A Practitioner’s Guide“. As someone who hired quants at Merrill Lynch and has been teaching...
Dr. Jim Gatheral joins Baruch MFE program
It is with great pleasure that we are able to announce that Dr. Jim Gatheral will join the Baruch MFE Program in August 2010 as a tenured Professor in the Mathematics Department at Baruch College, City University of New York. Dr. Jim Gatheral, one of...
Dr. Attilio Meucci and Leon Tatevossian joined the Baruch MFE Faculty
Attilio Meucci leads the research effort of ALPHA, the portfolio analytics and risk platform at Bloomberg. Previously, Attilio was a researcher at Lehman Brothers, a trader at the hedge fund Relative Value International, and a consultant at Bain & Co. Attilio is the author...
The Salih Neftci Memorial Scholarship at Baruch College
Dr. Salih Neftci, a long time professor in the Baruch MFE program, passed away in April 2009. In appreciation of his tireless dedication to educating them and to shaping their future, the Baruch MFE alumni and students, as well as former colleagues and friends of...
Baruch MFE students in Top 40 at the 5th Annual Texas A&M Foreign Currency Trading Competition
Three of Baruch MFE students were among the top 40 competitors at the 5th Annual Texas A&M Foreign Currency Trading Competition: Bhargav Mandadi, ranked 7th, 80% return Emil Gheorghiu, ranked 20th, 40% return John Jurcevic, ranked 39th, 20% return The competition took place over one month in...
Baruch MFE Program Ranked in Top Ten
(New York, NY, October 5, 2009) The Baruch College Master’s degree program in Financial Engineering has been ranked among the top ten in the 2009 QuantNetwork Ranking of Financial Engineering/Mathematical Finance MS Programs in North America. MFE and MS degrees in financial engineering and mathematical...
Baruch becomes GARP latest college chapter
Dr. Dan Stefanica and Dr. Attilio Meucci have been appointed College Chapter Directors. Dr. Stefanica is currently an Associate Professor and Director of the Financial Engineering MS Program at Baruch College, CUNY. Dr. Meucci is an Adjunct Professor in the Financial Engineering MS Program at...
Baruch MFE excels
The rise and success of quantitative driven hedge fund trading can be largely credited to math wizards and quants, not people labeled as financial engineers. Over the past 10 years, investment banks, finance departments, insurance, accounting and consulting firms have continued to demand these greatly...
BARUCH FINANCIAL ENGINEERING STUDENT WINS $50,000 IN INTERACTIVE BROKERS’ TRADING OLYMPIAD
Second Big Win for Baruch New York, NY – April 3, 2007–Konstantinos Tsahas is not exactly typical of the students enrolled in Baruch College’s elite Masters program in Financial Engineering. For one thing, Konstantinos, known as “Gus,” is not looking to land a high paying...
Baruch MFE prepares graduate students for careers in quant
MS in Applied Mathematics for Finance one of the top programs in U.S. By Yury Monakov Published: Saturday, October 14, 2006 Quantitative analysts, or quant, have a daunting challenge. They design and implement mathematical models to price derivatives, to gauge risk or to predict market...
Latest Baruch MFE News
Detailed information about the Baruch MFE courses, beginning with the core required courses, will be posted online at on the Curriculum webpage. This will include detailed syllabi, sample assignments, final exams.
Now posted:
MTH 9821 Numerical Methods for Finance I
MTH 9831 Probability and Stochastic Processes for Finance I
For the latest news on the Baruch MFE Program, follow us on Twitter at @BaruchMFE
2010 Baruch MFE Curriculum Update
Flexible Curriculum
The number of required courses decreased from 9 to 7.
The number of elective courses increased from 3 to 5.
Cutting Edge Curriculum
Five new elective courses will be introduced in the next year:
MTH 9865 Commodities and Futures Trading (Fall 2010; Instructor: Luis Molina)
MTH 9867 Time Series Analysis and Algorithmic Trading (Spring 2011; Instructors: Jay Damask & Jim Liew)
MTH 9868 Advanced Risk and Portfolio Management (Summer 2010; Instructor: Attilio Meucci)
MTH 9875 The Volatility Surface (Fall 2010; Instructor: Jim Gatheral)
MTH 9879 Market Microstructure Models (Spring 2011; Instructor: Jim Gatheral)
Streamlined Curriculum
Six courses are designated as Core Courses, two being year-long courses:
MTH 9814 A Quantitative Introduction to Pricing Financial Instruments
MTH 9815 Object Oriented Programming for Finance
MTH 9821 & 9852 Numerical Methods for Finance I & II
MTH 9831 & 9862 Probability and Stochastic Processes for Finance I & II
Fall 2010 Admission numbers:
467 applicants
35 admitted (7% admission rate)
28 enrolled (21 full-time, 7 part-time)
Average GRE test scores of Fall 2010 admitted students:
794 Quantitative (out of 800)
575 Verbal
The 467 Fall 2010 applications represent a 33% increase over last year’s 352 applications. The current cohort is the second largest on record in terms of full-time students.
Employment Stats
27 of 29 December 2009 – May 2010 graduates from the Baruch MFE Program have found employment in the financial industry, 24 in the New York area.
First year guaranteed compensation
Graduation Placement Rate Low/High/Average
Dec09-May10 27 of 29 75K/120K/96K
Dec08-May09 19 of 21 65K/125K/92K
Program length
Three semesters; admission for Fall semester only
Tuition rates
$11,040 for NY state residents; $20,700 for out-of-state students, including international students
Application deadline
April 1
Admission statistics for 2010
467 applicants
35 admitted (7% admission rate)
28 enrolled (21 full-time, 7 part-time)
Test scores of 2010 admitted students
Fall 2010 admitted students
GRE Quantitative: 794 average
GRE Verbal: 575 average
Employment statistics
December 2009 and May 2010 graduates
Placement Rate: 27 of 29
Starting Salary: Low 75K; High 120K; Average 96K; Median 97.5K
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Information Session for Baruch MFE
Wednesday 09/22/2010Online Chat with Director
Friday 01/29/2010
I think the two most unique features of the Baruch MFE program are the people and the location.
At Baruch I met some of the best professors who helped me make sense of the world of finance in general and that of derivatives in particular. The director of the program Professor Stefanica is an exceptional guide and sincerely takes interest in the career development of his students (both during and after the program). And the...
Quick introduction to Baruch Library
May 25, 2010 12:05AM
Salih Neftci on credit crisis
May 24, 2009 09:05PM
Department of Mathematics
Baruch College/CUNY
One Bernard Baruch Way, New York, NY 10010
Tel: 646-312-4110