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Stevens Institute of Technology Financial Engineering program

Stevens MFE is a master program under the School of Systems and Enterprises

  1. QuantNet
    Established:
    2002
    Type:
    Full-time, part-time
    Tuition:
    $39,650
    Application deadline:
    Fall: Apr 15 (int'l), Jun 1 (domestic). Spring: Nov 1 (int'l), Nov 30 (domestic).*
    Location:
    Hoboken, NJ
    Established in 2002, Financial Engineering (FE) at Stevens Institute of Technology is a master’s degree program in the School of Systems and Enterprises. In 2009, the school also inducted the first doctoral degree program in FE in the United States.

    The graduate program at Stevens is a synthesis of finance, mathematics, statistics, economics, engineering and computer science.

    Taught by scholars who are renown practitioners and researchers, the program provides students with an understanding of complex financial markets and strategies, experience in financial modeling and programming, and knowledge of financial systems, databases, computing and big data.

    Graduates are trained in areas such as risk management, securities valuation, investment strategies, computational techniques, trading, and portfolio management – enabling them with tools to be innovative professionals in the world of high technology finance. Stevens FE graduates hold key positions at Barclays, Citibank, Goldman Sachs, JP Morgan Chase, Met Life, Prudential, UBS and other leading institutions.

    The master’s program requires graduates to complete 10 courses equivalent to 30 credits. With four focus areas: Quantitative, Financial Software Engineering, Financial Information Systems and Financial Systems Engineering, the program curriculum is designed to be practical with a strong theoretical base.

    Hanlon Financial Systems Lab
    Students enrolled in the master’s program benefit from the state-of-the-art Hanlon Financial Systems Lab (HFSL) that includes a trading room and Bloomberg terminals - another first, and a unique endeavor in the country. HFSL is at the heart of the Financial Systems Center (FSC), a financial research and systems development and testing center for financial networks, software and cyber-security.

    Admission deadline
    Stevens has rolling admission with separate deadlines for international and domestic applicants
    http://www.stevens.edu/sit/graduate/apply

    Admissions & Statistics
    YearApplicantsAdmittedEnrolled
    Fall 201012310854
    Fall 201117514150
    Fall 201228322481
    Fall 201336631697
    Applicants with solid quantitative backgrounds in economics, mathematics, statistics, computer science, science and engineering are encouraged to apply for the graduate program.

    Tuition
    The program is 30 credits, with student traditionally take the 12/12/6-credit semesters format.
    Tuition for 2014-15 is $15,625/semester for 9-12 credits/semester. Credits over 12 or under 9 are billed at $1,400/credit.
    http://www.stevens.edu/sit/ssc/sfs/tuition-fees#graduate

Recent Reviews

  1. Anonymous
    Anonymous
    1/5,
    Likes:
    1. Most profs are good and knowledgeable.
    2. Good location.

    Dislikes:
    1. Career services are horrible, but they are working to improve it albeit very slowly...
    2. The program intakes way too many students compared to other programs, hence the overall quality of the students is horrible. This makes most courses relatively easy and often uninteresting, and in particular deteriorates the reputation of the program.
  2. Xiaodi Zhu
    Xiaodi Zhu
    5/5,
    I was a master student here and transferred to Ph.D. I would like to recommend the study resources here, such as our financial lab, databases, etc. There are a lot of chances for you to improve your skill and knowledge from different aspects. The whole department are looking for all possible ways to make the program better and better. BTW, the professors are all really kind people :)
  3. AlexLi-stevens
    AlexLi-stevens
    5/5,
    Good resource, good location, excellent professors. Near NYC, good access to intern and work opportunity.
  4. Hanchao Yang
    Hanchao Yang
    5/5,
    As a Phd student in Financial Engineering, I would like to say Stevens has one of the best financial labs in the US. Our corporate partners are ConvergEx, Bloomberg, ICAP, Reuters, Gain Capital, etc. The high-frequency financial data from Reuters Tickhistory and News Analytics strongly support my research.Our professors have projects from Sloan Foundation, SEC, CFTC, ICAP, Accenture, Deloitte and many other places. The graduate students have chance to go to Jefferies for an intern as part of FE800 course. Co-op program is also available to FE students.
  5. Christinah
    Christinah
    3/5,
    Excellent program, good location and nice professors! I was a master student of financial engineering at Stevens. It is definitely a good choice for you! Despite of the fierce competition in the job market, I got an internship and job as a Quant after graduation.
  6. Siddharth Gala
    Siddharth Gala
    5/5,
    Good resources. Extensive quant courses. Good professors.
  7. Anonymous
    Anonymous
    4/5,
    I am doing MFE from stevens and i believe there are various things i like and don't like about the program.

    Likes:
    1. This program is inclined towards mathematics, which gives people enough mathematical power to face real world quantitative challenges.
    2. Weekly Financial Engineering workshops, allows students allows students to breath real world oxygen.
    3. Recently they started dedicated Lab classes for Fin. Engineering students, to enrich their quantitative tools that are must for Quants / Risk Managers (i.e. C++, Bloomberg, Thomson Reuters, SaaS etc).
    4. Stevens is known for building standard in mechanical industry and project like ACTUS allows them step into standardizing financial contracts as well.
    4. Web Campus is a big plus for working professionals.
    5. Most of the teacher are working in that industry and they are bringing valuable experiences to the desk.

    Don't Likes:
    1. Career Placement is the weakest part of the program, but i am glad that they have hired some good people for student outreach to fix this.

    Before starting my MFE, i was already working for Energy Trading and Risk Management company, but i was able to attract people from various financial institutions and Hedge funds.
  8. Lauren DeMarco
    Lauren DeMarco
    5/5,
    I attended and graduated Stevens' Master of Science in Financial Engineering program from 2011 to 2013 and highly recommend program. Upon completion of my Master's project and graduation I obtained a position at a large utility company in the structuring and quantitative analysis group; one which I believe would not have obtained without the Stevens MFE. The institute has a well known reputation for science and engineering and the MFE curriculum is worthy of that reputation. The skills I have learned have translated directly to my position and I have nothing but praise for the program and professors alike.
  9. Dtm
    Dtm
    1/5,
    AVOID Stevens at ALL costs.
  10. Anonymous
    Anonymous
    4/5,
    Courses are good. But its students are not very competitive in the job market, overwhelmed by surrounding colleges such as Columbia, NYU, Rugters and etc.