Admission to the Masters in Financial Engineering Program at Baruch College is available to qualified applicants who have the potential to become successful graduates of our program.
The Baruch MFE Program does not have a target number for enrolled students. We are committed to admitting and educating all the students who meet our admissions standard. No application is denied because of a lack of seats in the program, and no applicant is accepted to the program to fill a quota.
Fall 2021 Admission Information
Admission is only offered for the Fall semester. There will be four rounds of admissions for the Fall 2021 semester, with the following dates:
Round 1: November 15, 2020
Round 2: January 15, 2021
Round 3: February 15, 2021
Round 4: April 1, 2021
All applications that are complete by one of the dates above will be evaluated at that time. Within approximately three weeks of the deadline for each round, interview invitations will be extended. Admission offers will typically be extended prior to the following application deadline. All applications should be completed by May 10th, otherwise they will be de-activated from the system.
Please note that students seeking admission may apply in only one round. Applicants who attempt to apply in multiple rounds for admission in the same year, will receive a decision reply for their first application only, and will not receive a refund for any fees paid in subsequent rounds.
The online application is now available here.
To simplify the application process, we only require the submission of official transcripts once an admission offer is made. The transcripts from ALL the school you attended should be scanned in one file and uploaded in the online application.
Prerequisites. Applicants are required to have taken the following minimal set of courses:
- Calculus (two semesters)
- Probability (one semester)
- Linear Algebra (one semester)
- C++ (one semester or certificate)
- Finance (one semester, or relevant work experience)
Only courses passed with a grade of B or better qualify as prerequisites.
The following seminars are offered in the Pre-MFE Program at Baruch College to prospective financial engineering graduate students:
- Advanced Calculus with Financial Engineering Applications
- Probability Theory for Financial Applications
- Numerical Linear Algebra for Financial Engineering
- C++ Programming for Financial Engineering (online)
The seminars emphasize financial applications and have a significant programming component.
Taking the Pre-MFE seminars is NOT required for admission to the Baruch MFE Program, although they are meant to build a strong basis for future graduate studies in financial engineering.
More details on the Pre-MFE Program can be found here.
The Application Evaluation Process. The standard for admission into the Masters in Financial Engineering Program is the same for applications for part-time and for full-time study, as well as for applications from US-based and for international applicants.
Successful applicants may have earned degrees in any discipline, provided that they demonstrate by way of test scores, undergraduate transcripts, and letters of recommendation that they are prepared for a demanding course of quantitative study. All applicants must have a baccalaureate degree from an accredited four-year college in the United States or its equivalent in another country.
Interviews. Two interview rounds (in-person or over the phone) are part of the admission process before an admission offer to the Baruch MFE Program is made. The interviews are primarily technical, and include mathematical, finance, and C++ programming questions.
Selected applicants will be contacted by the Admissions Committee by email to arrange an office or phone interview. Applicants cannot request to be interviewed.
Test Scores. Every applicant must take either the General Test of the Graduate Record Examination (GRE) or the Graduate Management Admission Test (GMAT). The scores must be sent directly to Baruch College using the code 2012.
TOEFL scores are not required. The ability to communicate in English is assessed at the time of the admission interviews.
Personal Essay. Applicants must answer the following questions in their personal essay:
- Why are you interested in Financial Engineering?
- Why do you want to study in the Masters in Financial Engineering Program at Baruch College?
- What career path do you envision after graduating from the Baruch MFE Program?
Letters of Recommendation. A complete application contains three letters of recommendation. The recommenders should be individuals who can comment on the relevant skills that would make the applicant successful in the MFE program. There is no requirement that at least one letter come from a professor or from an industry professional.
The Admissions Committee may require admitted students to take summer refresher seminars in C++, Advanced Calculus, Probability and Linear Algebra before the start of the program. These advanced seminars are closed to people not admitted in the MFE program, and cover a number of challenging financial applications. More information can be found here.
Contact for application information: Wsas.Graduate.Studies@baruch.cuny.edu
Office of Graduate Studies
Weissman School of Arts and Sciences
One Bernard Baruch Way, Box B8-211
New York, NY 10010-5585