• The Baruch MFE Program is a STEM-designated program that produces competitive, successful, and highly skilled practitioners by promoting the study of mathematical and algorithmic models in finance.
  • Baruch Pre-MFE Information Session will take place on Wednesday, January 20, 7pm Registration here.
  • Baruch MFE Information Session will take place on Monday, January 25, 2021, at 7pm on Zoom; Registration here.
  • The Baruch MFE Program was ranked Number 1 in the Quantnet 2021 Ranking of Best Financial Engineering Programs.
  • Enrollment is now open for the February-March 2021 Pre-MFE Online seminars. Enrollment for each seminar is limited to 40 people.
    • Advanced Calculus with Financial Engineering Applications (syllabus)
    • Probability Theory for Financial Applications (syllabus)
    • Numerical Linear Algebra for Financial Engineering (syllabus)

    Registration information, dates, syllabi and more information can be found here.
    Student Feedback: AC-FE, Probability, NLA.

  • The 2018-2020 Baruch MFE Employment Report contains full-time and internship numbers aggregated over the last two years, and including details on employers, job functions, job industry.
  • Fall 2020 Admission Statistics:
    • 490 Applicants; 40 Admitted; 30 Enrolled (27 Full Time, 3 Part Time)
    • Admitted Applicants: Average GPA 3.76, Average GRE Scores: 169.8 Quantitative, 158 Verbal
  • Baruch MFE won the 2020 9th IAQF Student Competition; news article from Baruch MFE.
  • Baruch MFE won the 2020 Rotman International Trading Competition; news article from Baruch College.
  • The 2019 Baruch MFE 5th Year Career Development Report can be found here. Featured in The Wall Street Journal in December 2019.
  • Employment Statistics (December 2019 – May 2020)
    • Placement Rate: 30 of 30
    • Starting Salary: High 160K;  Low 95K;  Median 120K;  Average 122K
    • First Year Guaranteed Compensation: High 235K;  Low 95K;  Median 140K;  Average 147K
    • Employers (by type): Hedge Funds/Prop Trading/Asset Management: 50%, Investment Banks: 40%, FinTech/Tech: 10%
    • Employers (some with multiple hires; selected): AQR, Bank of America, Barclays, Beacon Platform, BlackRock, Citadel, Credit Suisse, Cubist, Goldman Sachs, IMC Trading, Millennium, Morgan Stanley, Point72, Quantitative Brokers, Societe Generale, Squarepoint Capital, TD Securities, UBS
    • Location: New York: 90%, US (Other) 10%
  • Internship Statistics (Summer 2020)
    • Placement Rate: 29 of 29
    • Monthly Compensation: High $13,500;  Low $4,700;  Median $10,000;  Average $9,000
    • Employers (by type): Hedge Funds/Prop Trading/Asset Management: 45%, Investment Banks: 48%, FinTech/Tech: 7%
    • Employers (some with multiple hires; selected): Aigen Investment Management, Alphadyne, Arrowstreet Capital, Bank of America, Barclays, BNP Paribas, BNY Mellon, Citigroup, Credit Suisse, Goldman Sachs, IMC Trading, JPMorgan, Quantitative Brokers, RBC Capital Markets, Schonfeld, Simon Markets, Squarepoint Capital, Tibra Capital, VanEck
    • Location: New York: 90%, US (Other) 10%
  • The Baruch MFE Program was ranked Number 3 worldwide in the 2020 Risk.net Quant Finance Master’s Guide
  • Baruch MFE student Xiangtian (Forest) Deng was on the winning team (out of 30 teams) at the 2018 Columbia Data Science Hackathon.
  • Enrollment is open for the Baruch Pre-MFE Online Seminars:
    C++ Programming for Financial Engineering Certificate

    Advanced C++11/C++14 and Multidisciplinary Applications

    VBA/Python/SQL with Applications

About Baruch MFE Program

Program Length
Three semesters; admission for Fall semester only

Tuition and Fees
For the entire program: $28,670 for NY state residents; $42,395 for out-of-state students, including international students

Application Deadlines
Round 1: November 15, 2020
Round 2: January 15, 2021
Round 3: February 15, 2021
Round 4: April 1, 2021

Employment Statistics 
December 2019 – May 2020
Placement Rate: 30 of 30
Starting Salary: High: 235K; Low: 100K; Median: 140K; Average: 147K

Summer 2020 Internship Placement
Placement Rate: 29 of 29
Monthly Compensation: High 13,500; Low 4,700; Median 10,000; Average 9,000

Employment Reports:
2020 Baruch MFE Employment Report
2019 Baruch MFE 5th Year Career Development Report
2019 Baruch MFE Employment Report
2018 Baruch MFE Employment Report
2017 Baruch MFE Employment Report

Check MFE application status

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.

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.

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.