Financial Engineering (MSFE) | Industrial Engineering & Operations Research

Key takeaways

1-year program for Master’s degree, PhD program provided
Tuition fee $85,000
Campus in New York City
concentration courses available

Programs

Master’s degree program

Deadline: January

PhD program

PhD in industrial engineering and operations research

Deadline: December

Fees

Tuition	Amount
Tuition per Credit	$2,362
Tuition for 30-credit programs: MSIE and MSOR	$70,860
Tuition for 36-credit programs: MSFE, MSBA, and MS&E	$85,032

Prerequisites/Requirements

Transcripts from every post-secondary institution attended
Three recommendation letters
Official Graduate Record Examination (GRE) General Test Scores*
- Optional for Spring and Fall 2024 applications
- School Code: 2111
Personal statement
Resumé or Curriculum Vitae
Publications (optional)
An interview may be requested
$85 non-refundable application fee
Test of English as a Foreign Language iBT (TOEFL) - including International English Language Testing System Academic (IELTS), Duolingo English Test (DET).
- School code: 2111.

Curriculum

First fall

Core

MSFE Quantitative and Computational Bootcamp (0-credit)
Optimization Models and Methods (FE)
Stochastic Models (FE)
Foundations of Financial Engineering
Professional Development and Leadership (0-credit)
Financial Engineering Seminar Series (0-credit, year-long)

Electives

Financial Engineering Electives	Fall	Spring
CSORE4231 Analysis of Algorithms I	x	x
DROMB8116-060/061 Risk Management		x
IEORE4402 Corporate Finance, Accounting & Investment Banking (May not take both IEOR E4403 and IEOR E4402)	x	x
IEORE4525 Machine Learning for Financial Engineering & Operations Research*	x	x
IEORE4540 Data Mining for Engineers	x	x
IEORE4579 Machine Learning in Practice		x
IEORE4630 Asset Allocation		x
IEORE4718 Beyond Black-Scholes: The Implied Volatility Smile		x
IEORE4721 AI Applications in Finance		x
IEORE4732 Computational Methods in Derivatives Pricing*		x
IEORE4733 Algorithmic Trading: Theory & Practice		x
DROMB8112 Quantitative Finance: Models and Computation
FINCB8307-060 Advanced Corporate Finance
IEORE4311 Derivatives Marketing & Structuring, 1.5 credits
IEORE4403 Quantitative Corporate Finance (May not take both IEOR E4403 and IEOR E4402)	x
IEORE4500 Applications Programming for Financial Engineers	x
IEORE4530 AI & Operations in Games & Markets	x
IEORE4571 Intro to Queueing Theory
IEORE4577 Value Investing, A Modern Approach, 1.5 credits
IEORE4578 Causal Inference
IEORE4579 Modern Recommendation Systems	x
IEORE4601 Dynamic Pricing & Revenue Management
IEORE4602 Quantitative Risk Management	x
IEORE4710 Fixed Income & Term Structure Modeling
IEORE4722 Stochastic Control & Financial Applications
IEORE4723 Blockchain & Cryptocurrency Investing, 1.5 credits
IEORE4723 Financial Engineering for Environmental, Social and Corporate Governance Finance, 1.5 credits	x
IEORE4723/4728 Alternative Investments, 1.5 credits	x
IEORE4724 Term Structures & Credit Models	x
IEORE4725 Big Data in Finance
IEORE4725 Networks: Formation, Contagion, and Epidemics
IEORE4725 Prediction Markets in Financial Engineering	x
IEORE4728/4575 Big Data in Investment Research Analysis, 4728 - 1.5 credits, 4575 - 3 credits	x
IEORE4729 Alternative Cryptocurrency Portfolio Strategies, 1.5 credits
IEORE4729 Model Based Trading: Computational Models of Analysis & Execution
IEORE4731 Credit Risk Modeling and Derivatives
IEORE4734 Foreign Exchange & Related Derivatives, 1.5 credits*
IEORE4735 Structured & Hybrid Products	x
IEORE4741 Programming for Financial Engineering	x
IEORE4742 Deep Learning for Operations Research & Financial Engineering	x
IEORE4745 Applied Financial Risk Management	x
IEORE6617 Machine Learning & High-Dimensional Data Analysis in OR	x
ORCSE4529 Reinforcement Learning	x

Spring

Core

Monte Carlo Simulation
Financial Engineering: Continuous Time Models
Statistical Analysis and Time Series
Financial Engineering Seminar Series (0-credit, year-long)