- Baruch MFE student Xiangtian (Forest) Deng was on the winning team (out of 30 teams) at the 2018 Columbia Data Science Hackathon which took place on September 29-30 at Columbia University. His team constructed a bitcoin trading algorithm by using an ensemble of machine learning algorithms – XGBoost, ARIMA, LSTM, and NLP – to predict market price.
- A Baruch MFE Information Session will take place on Wednesday, December 5th, at 6pm. Register!
- The 2016-2018 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.
- 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
- As of December 2017, 29 of 30 Baruch MFE graduates received offers; (detailed data.)
First Year Guaranteed Compensation: High 190K; Low 87K; Median 125K; Average 126K
Employers (by type): Investment Banks 54%, Hedge Funds 36%, FinTech 4%, Consulting 7%
Employers (selected): Alphadyne Asset Management, Barclays, BNP Paribas, Citadel, Citigroup, EY,Graham Capital, Jefferies, JP Morgan, Morgan Stanley, Point72 Asset Management, PwC, Quantitative Brokers, SCT Capital Management, Squarepoint Capital, Tower Research Capital
- The Baruch MFE team won the 6th IAQF Student Competition, the third year in a row our students win the competition.
- The 2015-2017 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 offers VBA/Python/SQL Online Certificates as part of the Pre-MFE Program; (more information).
- 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.
- The Baruch MFE Program was ranked Number 1 in the Quantnet 2017 Ranking of Best Financial Engineering Programs
- 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.
About Baruch MFE Program
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
Round 1: November 15, 2018
Round 2: January 15, 2019
Round 3: February 15, 2019
Round 4: April 1, 2019
Wednesday, December 5th, at 6pm. Register!
December 2017 – May 2018
Placement Rate: 31 of 32
Starting Salary: High 190K; Low 87K; Median 127.5K; Average 126K
Summer 2018 Internship Placement
Placement Rate: 34 of 34
Monthly Compensation: High 11,500; Low 4,200; Median 7,500; Average 7,400
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 2011, 3rd 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.