The Pre-MFE Program at Baruch College

Enrollment Update: as of 9/23/2014,

33 seats reserved and 7 seats currently available for the Probability Theory for Financial Applications Pre-MFE seminar beginning on October 16, 2014

Feedback from 2012-2014 Pre-MFE students:


Enrollment in the September – December 2014 Pre-MFE on-site seminars in the Probability Theory for Financial Applications  is open, and will continue until all seats are filled; see below for information on how to register. Enrollment in each on-site seminar is limited to 40 people.

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


Registration Process: To apply for enrollment, send an email to baruch.mfe@baruch.cuny.edu with the following documents:

  • a current version of your resume
  • a one page statement detailing your career and educational goals, as well as how does taking seminars in the Pre-MFE Program align with those goals
  • indicate which seminar(s) you intend to register for

The Financial Engineering Program at Baruch College offers a Pre-MFE Program for people interested in pursuing graduate studies in financial engineering, as well as for finance practitioners interested in studying the mathematical fundamentals behind financial models.

The Pre-MFE Program consists of three on-site seminars and one online seminar:

  • Advanced Calculus with Financial Engineering Applications (on-site)
  • Probability Theory for Financial Applications (on-site)
  • Numerical Linear Algebra for Financial Engineering (on-site)
  • C++ Programming for Financial Engineering (online)

The 2014-2015 on-site seminars in the Pre-MFE  Program at Baruch College will be offered on a September 2014 – March 2015 schedule. Enrollment in each seminar is limited to 40 people.

Registration information, including syllabi for the 2014-2015 Pre-MFE seminars, can be found below.

Feedback from Pre-MFE seminars participants in previous years can be found here.


The Baruch MFE C++ Programming for Financial Engineering Certificate is part of the Pre-MFE Program and has been educating to great reviews students preparing for financial engineering graduate studies or interested in learning C++ for financial applications.

With content created by Dr. Daniel Duffy, best-selling author of C++ and numerical methods books for financial engineering, and offered through QuantNet, the leading education and career resource for financial engineering, the C++ certificate is specially tailored, through financial applications and assignments, to provide the necessary C++ background for graduate education in financial engineering.

The Baruch MFE Program provides a teaching assistant to each student, and grants a Certificate of Completion upon passing the final exam and obtaining a 70% or higher average;  a Certificate of Completion with Distinction is awarded to students with a 90% or higher average.

More information on the Baruch MFE C++ Programming for Financial Engineering Certificate, including detailed topics, time frame and enrollment information can be found here.

Enrollment is limited in size due to having a teaching assistant for every student. Enrollment is on-going until all available seats are filled.

Information on the enrollment process can be found here.

15 of the 40 students from the Fall 2014 Baruch MFE Program cohort successfully completed the Baruch MFE C++ Programming for Financial Engineering Certificate.


On-site Seminars in the Pre-MFE Program at Baruch College:

  • Advanced Calculus with Financial Engineering Applications
  • Probability Theory for Financial Applications
  • Numerical Linear Algebra for Financial Engineering

Mathematical and financial concepts that are fundamental for a successful learning experience in financial engineering graduate programs are explained in detail in these seminars. The seminars emphasize financial applications, and as such have a significant programming component; students will be strongly encouraged, but not required, to program in C++.

The seminars are offered in the evenings on an eight session schedule, each session being four hours long:

  • Lecture from 6-9pm (taught by the instructor)
  • Review Session from 9-10pm (taught by the teaching assistants)

Each seminar ends with a Final Exam.

The seminars are not offered online. They take place on location at Baruch College, in Midtown Manhattan.

The instructors are faculty with extensive teaching experience in the Baruch MFE Program. The teaching assistants are finance professional who are alumni of the Baruch MFE Program and have prior teaching experience.

Enrollment is limited to 40 people in each seminar. The application process for enrolling in the seminar is detailed below.

Certificates of completion will be issued upon passing the final exam and completing the seminar with a passing average; see below for details.

Upon request, the instructors will provide letters of recommendations detailing the performance of the student in each seminar.


Advanced Calculus with Financial Engineering Applications

Dates: September 17 – November 19, 2014

Instructor: Dan Stefanica, Baruch MFE Co-Director

Syllabus: download here

Tuition: $1,450

Registration for this seminar is now closed.


Probability Theory for Financial Applications

Dates: October 16 – December 18, 2014

Instructor: Tai-Ho Wang, Baruch MFE Faculty

Syllabus: download here

Tuition: $1,450

Registration is now open and will continue until all seats are filled.


Numerical Linear Algebra for Financial Engineering

Dates: January 28 – March 25, 2015

Instructor: Dan Stefanica, Baruch MFE Co-Director

Syllabus: download here

Tuition: $1,450

Registration will open on October 15, 2014.


Advanced Calculus with Financial Engineering Applications

Dates: January 29 – March 26, 2015

Instructor: Rados Radoicic, Baruch MFE Faculty

Tuition: $1,450

Registration will open on November 1, 2014.


Probability Theory for Financial Applications

Dates: January 27 – March 24, 2015

Instructor: Michael Carlisle and Ivan Matic, Baruch MFE Faculty

Tuition: $1,450

Registration will open on November 1, 2014.


Registration Process:

To apply for enrollment, send an email to baruch.mfe@baruch.cuny.edu with the following documents:

– a current version of your resume

– a one page statement detailing your career and educational goals, as well as how does taking seminars in the Pre-MFE Program align with those goals

– indicate which seminar(s) you intend to register for

If approved for enrollment, you will be contacted via email within a week of submission of the documents above with further information.


Certifications:

For each seminar, a Certificate of Completion will be issued upon passing the final exam and obtaining a 70% or higher average.

For each seminar, a Certificate of Completion with Distinction will be awarded to students with a 90% or higher average.

Upon successfully completing all three seminars of the Pre-MFE Program with a higher than 70% average, a Certificate of Completion of the Pre-MFE Program will be issued.

A Certificate of Completion of the Pre-MFE Program with Distinction will be awarded to students who achieved a 90% or higher average in each of the three seminars.


Frequently Asked Questions

1. Do I have to enroll for all three seminars at the same time?

No, seminars are taken on an individual basis.

2. How do I reserve a seat in a seminar?

You have to submit your resume and a one page statement detailing your goals as explained above. Once your application to take the seminar is approved, you must pay the tuition in full, in order to reserve your seat.

3. What is the refund policy?

A 90% tuition refund is granted upon request up to one week before the beginning of the seminar. Thereafter, the tuition refund is 80% before the first session of the seminar, 60% after the first session of the seminar, and 30% after the second session of the seminar, with no refund thereafter.

4. Are the seminars solely for people interested in pursuing graduate studies in financial engineering?

No.  Practitioners enrolled in previous seminars have found value in the material presented.

5. Can I take the seminars online?

There is no online version for the on-site Advanced Calculus with Financial Applications, Probability Theory for Financial Applications, and Numerical Linear Algebra for Financial Engineering Pre-MFE Seminars.

The C++ Programming for Financial Engineering certificate is only offered online .

6. How difficult is it to pass the seminar, or to achieve Distinction?

On average, 56% of the people enrolling in a Pre-MFE Seminar receive the Certification, 27% with Distinction. (Only four students have, so far, completed all Pre-MFE Seminars with Distinction.)

7. Do you offer student visa support for taking seminars in the Baruch Pre-MFE Program?

We do not offer F-1 visa support for taking Pre-MFE seminars. As a US non-resident, you can nonetheless apply for enrollment in the seminars if you are located in the US already.

8. Will I be admitted to the Baruch MFE Program if I successfully complete the Pre-MFE Program?

The application process to the Baruch MFE Program is separate from the Pre-MFE Program. However, the instructors will write, upon request, letters of recommendations for your application, and they will have first hand knowledge of your strengths and abilities when doing so. As a matter of process, the application will be evaluated, and a decision will be made, by the members of the Admissions Committee who were not your instructors in the Pre-MFE Program. 15 of the 40 students from the Fall 2014 Baruch MFE Program cohort successfully completed on-site seminars in the 2013-2014 Pre-MFE Program at Baruch College.

9. Are the Pre-MFE seminar are designed for students without sufficient math background for MFE program or for students who want to refresh their math skills?

The pre-requisite for taking a Pre-MFE seminar is to have taken the corresponding class at undergraduate level – for example, for taking the Numerical Linear Algebra for Financial Engineering Pre-MFE seminar you must have taken an undergraduate Linear Algebra course.