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  • The final application deadline for Fall 2023 admission to the Baruch MFE Program was April 1st, 2023. For this admission round, the GRE/GMAT test scores are optional. Details here.
  • The Baruch MFE Program’s three teams won first, second, and fourth in the 2022 Rotman International Trading Competition; news article from Baruch College.
  • 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.
  • The 2021 Baruch MFE 5th Year Career Development Report can be found here.
  • The Baruch MFE Program was ranked Number 1 in the Quantnet 2022 Ranking of Best Financial Engineering Programs.
  • The Baruch MFE Program was ranked Number 2 worldwide in the 2022 Risk.net Quant Finance Master’s Guide.
  • Baruch MFE alum and U.S. Army veteran Roger Trimble, FRM was promoted to Managing Director with Morgan Stanley Wealth Management. A West Point graduate, Roger comes from a family with unbroken military lineage since the Revolutionary War! News article from Baruch College.
  • Fall 2021 Admission Statistics:
    • 319 Applicants; 28 Admitted; 24 Enrolled (24 Full Time, 0 Part Time)
    • Admitted Applicants: Average GPA 3.76, Average GRE Scores: 169.7 Quantitative, 159 Verbal
  • Employment Statistics (December 2020 – May 2021)
    • Placement Rate: 31 of 31
    • Starting Salary: High 190K;  Low 90K;  Median 125K;  Average 127K
    • First Year Guaranteed Compensation: High 230K;  Low 100K;  Median 150K;  Average 152K
    • Employers (by type): Hedge Funds/Prop Trading/Asset Management: 59%, Investment Banks: 33%, FinTech/Tech: 7%
    • Employers (some with multiple hires; selected): Adoy, Bank of America, Bank of New York, Barclays, Beacon Platform, Bloomberg, BNP Paribas, Credit Suisse, Goldman Sachs, IMC Trading, JPMorgan, Quantitative Brokers, RBC Capital Markets, Simon Markets, Squarepoint Capital
    • Location: New York: 85%, US (Other) 11%, Asia: 4%
  • Internship Statistics (Summer 2021)
    • Placement Rate: 23 of 23
    • Monthly Compensation: High $13,300;  Low $5,200;  Median $10,200;  Average $9,600
    • Employers (by type): Hedge Funds/Prop Trading/Asset Management: 52%, Investment Banks: 39%, FinTech/Tech: 9%
    • Employers (some with multiple hires; selected): AllianceBernstein, AQR Capital Management, Capstone, Credit Suisse, Global Trading Systems, IMC Trading, JP Morgan, Morgan Stanley, Quantitative Brokers, RBC Capital Markets, Schonfeld, Seven Eight Capital, Squarepoint Capital
    • Location: New York: 91%, US (Other) 9%
  • Baruch College President S. David Wu announced the launch of the Financial Engineering Hub at Baruch
  • 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.
  • Baruch MFE won first and second place at the 2021 Rotman International Trading Competition; news article from Baruch College.
  • 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.
  • 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, 2021
Round 2: January 15, 2022
Round 3: February 15, 2022
Round 4: April 1, 2023

Employment Statistics
December 2020 – May 2021
Placement Rate: 31 of 31
Starting Salary: High: 230K; Low: 100K; Median: 150K; Average: 152K

Summer 2021 Internship Placement
Placement Rate: 23 of 23
Monthly Compensation: High 13,300; Low 5,200; Median 10,200; Average 9,600

Career Development Reports:
2021 Baruch MFE 5th Year Career Development Report
2020 Baruch MFE 5th Year Career Development Report

2019 Baruch MFE 5th Year Career Development Report

Employment Reports:
2020 Baruch MFE Employment Report
2019 Baruch MFE Employment Report
2018 Baruch MFE Employment Report

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.