Latest Baruch MFE News

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.

Baruch MFE Information Session: May 9, 2016 at 6pm, covering Baruch MFE Fall 2016 admission; RSVP and more information can be found here.

December 2015 Baruch MFE Employment Update: As of November 17, 2015, 20 of 27 December 2015 Baruch MFE graduates seeking employment in the financial industry received offers, all of them from financial companies primarily from the New York area.

More details, including compensation and companies employing our students can be found here.

Three of the Top 6 books on the 2015 QuantNet Bestselling Book List are authored by Baruch MFE faculty:

#1 150 Most Frequently Asked Questions on Quant Interviews by Dan Stefanica, Rados Radoicic, and Tai-Ho Wang (#2 in 2014, #4 in 2013)

#3 A Primer for the Mathematics of Financial Engineering by Dan Stefanica (#1 in 2014 and 2013)

#6 Solutions Manual – A Primer for the Mathematics of Financial Engineering by Dan Stefanica (#4 in 2014, #3 in 2013)

Feedback from 2012-2015 Pre-MFE students:

Enrollment in the online Baruch MFE C++ Programming for Financial Engineering Certificate is now open; enrollment information can be found here.

With content created by Dr. Daniel Duffy and offered through Quant Network, the C++ certificate is specifically tailored, through financial applications and assignments, to provide the necessary C++ background for graduate education in financial engineering; see the student reviews here.

The 2015 NSD-Baruch MFE Summer Camp including a summer course in Elements of Financial Engineering, visits to financial industry employers of MFE graduates, social activities with Baruch MFE Program alumni, students, and faculty, and sightseeing in New York City, took place between August 3 – August 17, 2015.

The 2013-2015 Baruch MFE Employment Report contains full-time and internship numbers aggregated over the last three years, and including details on employers, job functions, job industry.

The Baruch MFE Program won the 2015 IAQF Academic Case Competition; 25 teams representing 17 financial engineering programs from US and Canada participated at the competition.

Fall 2016 Admission Information: There will be four rounds of admissions for the Fall 2016 semester, as follows:
Round 1: November 15, 2015
Round 2: January 15, 2016
Round 3: February 15, 2016
Round 4: April 1, 2016
Further information on the admission process can be found here.

Fall 2015 Admission Statistics: 565 applicants, 57 admitted (10% admission rate), 43 enrolled (36 full-time, 7 part-time). Average GRE test scores of admitted students: 169 Quantitative; 158 Verbal. More details can be found here.

First Baruch Volatility Workshop – taught by Jim Gatheral and Andrew Lesniewski
A three-day, heavily quantitative, leading edge workshop targeted to industry professionals
June 16-18, 2015, Baruch College, New York
Detailed Program and more information: click here

Professor Andrew Lesniewski has been named the Curriculum Director of the Baruch MFE Program in January 2015.

This program has been approved by GARP and qualifies for [15] GARP CPD credit hours. If you are a Certified FRM or ERP, please record this activity in your credit tracker at
C++ Programming for Financial Engineering Certificate
for 15 GARP CPD credit hours.
Click here for details.

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 Salih, established a Memorial Scholarship at Baruch College honoring Salih Neftci’s memory.

The winner of the 2015 Salih Neftci Memorial Scholarship is Ms. Bo Feng (Baruch MFE’15).

Visit our Recruiting page if interested in hiring Baruch MFE students and alumni.

A Linear Algebra Primer for Financial Engineering by Dan Stefanica was published in July 2014. It is the third book in the Financial Engineering Advanced Background Series, and covers linear algebra concepts for financial engineering applications from a numerical point of view.

Table of Contents (Download)

150 Most Frequently Asked Questions on Quant Interviews by Baruch MFE professors Dan Stefanica, Rados Radoicic, and Tai-Ho Wang was published in November 2013.

A ten questions selection, with solutions, can be downloaded here.

The Baruch MFE Program ranked 4th in the 2013 QuantNet Ranking of Financial Engineering Programs.

Professors Jim Gatheral and Tai-Ho Wang of the Baruch MFE Program gave an overview of the Baruch MFE program and meet with prospective students at the National School of Development (NSD), Peking University, during an October 21 – 24, 2013 visit.

Professor Gatheral’s talk took place on October 21.

NSD website: more information on the visit, interview with Professor Gatheral, and Q&A with Professor Dan Stefanica, Baruch MFE Program Co-Director.

Dr. Andrew Lesniewski, a renowned expert on interest rate modeling and one of the originators of the SABR model, joined the Baruch MFE Program and the mathematics department at Baruch College as tenured full professor. Dr. Lesniewski was Head of Financial Engineering at DTCC and Managing Director and Head of Quantitative Research at Ellington Management Group.

Dr. Jim Gatheral of the Financial Engineering Masters Program at Baruch College was named Presidential Professor at Baruch College, City University of New York in April 2013, for distinguished contributions to the scientific community and to Baruch College.

Baruch MFE student Juan Pablo Alonso (Baruch MFE’13) won second place in the 2012 Metaquotes Automated Trading Championship and a $25,000 money prize; 451 traders from over 50 countries on all continents participated in the competition. Juan Pablo programmed a fully automated currency trading robot that ran without human interaction for the three months of the competition.

Transcripts of Baruch MFE Online Chats can be found here.

The Baruch MFE Program won the 2012 Rotman International Trading Competition. The Baruch MFE teams ranked first and fourth place out of 50 teams from 44 academic institutions in the ninth annual Rotman International Trading Competition that took place in February 2012 at University of Toronto. Click here for more information; complete results.

Baruch MFE Professor Jim Gatheral is in the March 2012 Faculty Spotlight at Baruch College: The Jim Gatheral Effect: How This Top Quant Has Changed Baruch College

Baruch MFE Program Reviews by alumni can be found here.

Have you ever wondered what typical day in the life of a Baruch MFE student looks like? Four of our students share it here.