One Bernard Baruch Way, New York, NY 10010
The following are reviews submitted by alumni of the Baruch MFE program
My experience in Baruch’s MFE program was great. The classes deepened my understanding of probability, stochastic calculus, and financial principles as well as my programming skills. The atmosphere was really collaborative – my classmates were always discussing problems they were stuck on and exchanging career advice. This made for an energetic and supportive environment. Our professors, who include respected professionals like Jim Gatheral and Andrew Lesniewski, made themselves very available to answer questions and share their experience.
The MFE program has been indispensable for starting my current career. Before entering the program, I had no experience in finance. Apart from developing my skills, the program gave me a unique chance to build relationships with people in the industry as well as access to a lot of opportunities; some alumni I know have even been able to find second or third jobs through the program’s career services. As a result, I was able to find a great position right after graduating.
Dru Pollini, MFE’12
Financial Engineer, Autonomy Capital
It took me one week of job searching to get an offer. That is something I could not have said before Baruch’s MFE program. The unparalleled dedication of the faculty and the rigorous coursework will thoroughly prep you for a career in quantitative finance. It was a fun and challenging experience and I got to meet a lot of smart and interesting people in the process.
Richard Postelnik, MFE’13
Co-Founder, CTO at NoteX
There are about 25 MFE programs and thousands of quant positions available. But there is only one program that will help you find the right one for you.
Noam Mendel, MFE’12
Associate, Promontory Financial Group
The MFE program at Baruch is very demanding and very useful to one’s future career. From the start there is an expectation of excellence and hard work.
The faculty is a perfect combination of excellent academics and accomplished professionals. Relevant and in demand classes are constantly added and/or modified in order to keep the program relevant. Another benefit of the program is that the alumni are doing a good job in their careers therefore increasing the demand from employers for Baruch MFE graduates.
The admission process is very rigorous, so you will be surrounded by very smart people. This means that in classes where teamwork is required, there are tremendous opportunities to learn from your team mates. The program teaches relevant aspects of quantitative finance and this is very useful in interviews.
Students have access to the Quant Lab, a dedicated room for the MFE students. The Quant Lab also has a vast library of financial titles and Bloomberg terminals.
There are weekly visits from quants and high level professionals. These are great opportunities to network for the next internship and also meet and keep in touch with the alumni network.
Dan (the Director of the program) invests a tremendous amount of time and energy into the program and will ensure that you will have an interesting internship and a relevant full time job at the end of the program.
I highly recommend the program (this is an understatement).
Alan Coman, MFE’12
Associate, Quantitative Research, JPMorgan
When I started work towards my MFE at Baruch (then called a Masters in Applied Math for Finance), I was a software engineer with some quantitative background but no finance experience. I was looking to get into quantitative finance and did achieve this goal: I took a position on a structured credit desk at Merrill shortly before finishing the program. I found myself well prepared for the challenges on the job: The rigorous mathematical background allowed me to be conversant with some the top quants at the firm while the down to earth practicalities taught in classes like “”Model Calibration”” helped me gain intuition: What numbers should be taken with a grain of salt?
But what’s perhaps more important is the network of extremely smart creative people with whom the program has put me in contact — people ranging in career-stage from new bright talent to world renown quantitative finance super-stars — some of whom are now on the faculty. Like any situation where bright creative people congregate it also becomes an exchange for new ideas and new thinking.
David Cuddihy, MFE’05
Global Markets Analytics Manager, Opera Solutions
This program has a great combination of theory and real life application. Even though I had solid math background taking the classes offered through MFE program I was able to solve difficult financial questions that I face in my day to day job.
A unique feature of this program is that it encourages the team work. That is very important when you are in the real work environment.
I haven’s seen elsewhere such a great support that alumni and faculties show toward the new graduates. With their connections they help the students to find jobs that match their interest and skills. I found my current job via such connections.
Alketa Hysenbegasi, MFE’05
Managing Director, Quantitative Risk Management, The Bank of NY Mellon
Baruch MFE program has a very practical approach. Most of the classes are well structured with extensive homeworks and assignments which give an opportunity to use hands on tools that are used on Wall Street. Many courses taught by practitioners who know what is important for doing day to day job at a financial institution. There are many guest lecturers invited to give various talks describing current market trends, employment opportunities and giving advice on the ways how to prepare for a successful career in finance.
Faculty is involved very much in educational process. There are additional seminars on various topics (free of charge) available only for Baruch MFE students. Professors are willing to spend extra time with students. We had some classes that ran more than an hour past the official ending time. TA’s and professors can be easily reached by email and give pretty quick response.
There’s a great level of interaction between current students and alumni online at Quant Network as well as in various live events set up by the program. This gives a unique chance to meet Wall Street professionals in informal setting and acquire valuable contacts for the future.
The last but not least is the terrific assistance the program gives to help place its graduating students at the top financial companies. Definitely, program’s location at New York City and active alumni network helps a lot to achieve that. On a top of that, every student gets personal attention from help at creating a competitive resume to advice how to prepare better for the interview at particular company. Given all that, whole process of landing a good job becomes much easier, especially for students without prior experience in finance.
Max Rumyantsev, MFE’07
Quantitative Analyst, Fixed Income, R&R Consulting
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 program attracts some of the brightest students which makes learning an exciting affair!
I should also emphasis the importance of the New York City location. It helped me reach out professionals in the field – not only for my interviews, but for informational meetings as well from which I have learned a lot! It also helps us arrange for guest lecture (compliments to Professor Stefanica for that initiative as well!) which gives a “real world” perspective.
I currently work as an Associate in KPMG LLP’s Financial Risk Management practice. My focus is on asset valuation and I support various audit teams with mark to market valuations for a wide array of financial instruments.
Sudhanshu Pardasani, MFE’07
Associate, Risk Management, KPMG
People are very well connected to each other. The student body is extremely enterprising and friendly. Materials taught at the class are focused on practical uses.
In terms of instrument pricing, risk management and strong math foundation, this program gives me a lot of leverage when I am looking for a job.
Muting Ren, MFE’08
Quantitative analyst, Alpha researcher, Bloomberg LP
From the beginning I found the level of attention Professor Stefanica spent on the admissions process and the dedication he affords his students to be unmatched. Coming from a non-finance and non-CS background I was very careful to choose an MFE program that would make me competitive in a tough environment. However, I could tell immediately during a battery of “refresher” courses prior to the first semester that I had made the right choice. These courses were highly rigorous, and meant to merely bring all of us up to an entry-level of study.
The curriculum for the program is very challenging, but well worth the sacrifice. Dan told me when he admitted me that as long as I studied hard and applied myself, he would find a job for me. He more than lived up to his word, as I graduated with multiple offers to consider in one of the worst job markets in history. If I had the choice to do it over, I would still choose to study Financial Engineering at Baruch.
Roger Trimble, MFE’09
Commodities trader, NuWave Investment Management
“Hao, I will find you a job!”. That was a sentence of my first conversation with professor Dan Stefanica at Baruch. That was what he said and that was what he did.
In my eyes, the people and the career service are the most valuable parts of Baruch MFE program.
Hao He, MFE’10
Associate, Market Risk Management, KPMG