Financial Engineering at Baruch College 2017-03-21T17:06:39+00:00
  • A Baruch MFE Information Session with emphasis on the Pre-MFE seminars beginning in October 2017, will take place on Monday, May 1, at 6pm. Register here
  • The Baruch MFE team won the 2017 Rotman International Trading Competition (RITC) that took place at University of Toronto and included 52 academic institutions from four continents, after the record-breaking win from 2016, winning the competition in 2012 and placing 3rd in 2011, 3rd in 2013, and 4th in 2014.
  • As of February 6, 2017, 30 of 31 December 2016 Baruch MFE graduates received offers from financial companies primarily from the New York area; details here
    First Year Guaranteed Compensation: High: 210K; Low: 85K; Average: 126K; Median: 110K
    Employers (by type): Investment Banks 57%; Hedge Funds 27%; FinTech 7%; Consulting 7%; Rating 3%
    Employers (selected): BNP Paribas, Citadel, Citigroup, Credit Suisse, Deutsche Bank, EY, Highbridge Capital, JP Morgan, Morgan Stanley
  • The Baruch MFE Program was ranked Number 1 in the Quantnet 2017 Ranking of Best Financial Engineering Programs
  • The registration for the Pre-MFE Seminars is now open.The Financial Engineering Program at Baruch College offers a Pre-MFE Program for people interested in pursuing graduate studies in financial engineering and for finance practitioners interested in studying the mathematical fundamentals behind financial models.
    • Numerical Linear Algebra for Financial Engineering, February-March 2017, on-site; syllabus
    • Advanced Calculus with Financial Engineering Applications, February-March 2017, on-site; syllabus
    • Probability Theory for Financial Application , February-March 2017, on-site; syllabus
    • C++ Programming for Financial Engineering, online

    Enrollment in each on-site seminar is limited to 40 people. Registration information, including syllabi for the 2016-2017 Pre-MFE seminars, can be found here. Feedback from Pre-MFE seminars participants in previous years can be found here.

  • The Baruch MFE team won the 5th IAQF Student Competition, the second year in a row our students win the competition.
  • The Baruch MFE team won the 2016 Rotman International Trading Competition (out of 52 teams) in record breaking fashion, after winning the competition in 2012 and placing 3rd in 2011, 3rd in 2013, and 4th in 2014.
  • Song Wang (Baruch MFE’16) won the Solve-a-thon at MIT trading competition organized by WorldQuant and a $10,000 money prize; 700 traders worldwide participated in the competition.
  • Ms. Mingqiu (Michelle) Tang has been named Recruiting Coordinator for Asia for the Baruch MFE Program. Michelle has been the driving force between our special relationship with the National School of Development from Peking University, including, among others, visits by our faculty to NSD, courses taught there, and a Baruch MFE summer camp for NSD students.
Program Length
Three semesters; admission for Fall semester only

Application Deadlines
Round 1: November 15, 2016
Round 2: January 15, 2017
Round 3: February 15, 2017
Round 4: April 1, 2017

Employment Statistics December 2015 – May 2016
Placement Rate: 28 of 29
Starting Salary: High 195K; Low 85K; Median 110K; Average 121K

About Baruch MFE Program


Program Length
Three semesters; admission for Fall semester only

Tuition and Fees
For the entire program: $24,315 for NY state residents; $35,040 for out-of-state students, including international students

Application Deadlines
Round 1: November 15, 2016
Round 2: January 15, 2017
Round 3: February 15, 2017
Round 4: April 1, 2017

Employment Statistics December 2016
Placement Rate: 30 of 31
Starting Salary: High 210K; Low 85K; Median 117K; Average 129K

Summer 2016 Internship Placement
Placement Rate: 35 of 35
Monthly Compensation: High 10,500; Low 4,200; Median 7,200; Average 7,200

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The Baruch MFE team won the 2016 Rotman International Trading Competition (out of 52 teams) in record breaking fashion, after winning the competition in 2012 and placing 3rd in 20113rd in 2013, and 4th in 2014.

Even with different backgrounds and motivations for choosing financial engineering, Baruch’s team operated as a united front at RITC and in the end, had a tremendous bonding experience. In addition to the thrill of competition, RITC gives students real-world skills and a competitive edge in the job market.

How the Rotman International Trading Competition Works

RITC presents teams with six simulated trading cases that closely mimic different aspects of real world markets. These include commodities trading, credit risk, sales and trading—each of which Baruch won—equity valuation, where Baruch placed second, and algo trading where Baruch ranked third. There is also a competition for quant outcry.

A New Baruch “Gaming” Strategy Pays Dividends

In 2016, Baruch’s strategy was to follow best practices established in preparing for the cases and adapt them swiftly in changing market conditions. Baruch’s success attributed to a new elective course, “Fundamentals of Trading”, introduced in Fall 2015. Taught by Jarrod Pickens, PhD, a math professor who also served as the team’s coach, the course introduced students to a simulated trading book and led them to implement various trading strategies while managing the risk of their positions.