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Sophisticated modeling and information technology now dominate the financial world. The theories and the practice of Finance are challenged today by complex financial and global systems and by dynamically changing regulatory environments and politics. A global world in transition creates both opportunities and challenges for financial engineers to adapt theoretical and financial constructs into profitable and innovative opportunities by creating innovative, custom-designed instruments in the marketplace.

At the NYU School of Engineering, we train our students to do exactly that: to engineer the future of finance and transform financial theory into practice. The MS in Financial Engineering program furnishes students with foundational knowledge in financial concepts. This knowledge then becomes a springboard to specialized fields where students can apply concepts to everything from derivatives risk finance to financial IT and algorithmic trading on Big Data.

Students follow one of four different tracks as they earn their degree:

  • Financial Markets and Corporate Finance
  • Computational Finance
  • Technology and Algorithmic Finance
  • Risk Finance


The NYU MSFE program is highly selective; with about 2000 applicants considered to fill a limited number of spots (roughly 100-160) per cohort. Although the cohort size is large, class sizes remain modest, at just 5-30 students per class. To be considered for admission into the MS in Financial Engineering program, students must have a Bachelor’s Degree from an accredited institution and proven proficiency in:

  • Linear Algebra
  • Probability Theory
  • Calculus (Advanced)
  • Applied Statistics
  • Computer Programming

Applicants must submit official transcripts from each institution attended as well as GRE test scores. Note that the average Quant GRE score of accepted students in Fall 2017 was 168.9/170.

 When applicable, applicants must also demonstrate English language proficiency to be determined by the TOEFL score.

The FRE department does not accept change-of-major requests. In all instances, students must formally apply to the program. Applicants must have demonstrated proficiency in the mathematical areas listed to be considered for admission. The Department offers optional refresher courses for students who would like to brush up on their skills and to serve the population of students who have been out of academia prior to matriculating into this program.


Contact the Graduate Center for questions about the application process, application status or to talk to an admissions counselor:

Office of Graduate Enrollment Management and Admissions
NYU Tandon School of Engineering
6 MetroTech Center
Brooklyn, NY 11201
Phone: 646.997.3182
Fax: 646.997.3624

Accepted and enrolled students:

Contact the Department of Finance and Risk Engineering with your academic questions, e.g., courses and curricula.

Department of Finance and Risk Engineering
NYU Tandon School of Engineering
12 MetroTech Center, 26th floor
Brooklyn, NY 11201
Tel: 646.997.3279
Fax: 646.997.3355