The Department of Finance and Risk Engineering at the NYU Tandon School of Engineering provides a multi-faceted education through the MS in Financial Engineering program. Launched in 2005, the MS program was initiated with the generous support of the Alfred P. Sloan Foundation and was the second program of its kind, anywhere. It is the first curriculum to be certified by the International Association of Financial Engineers that offers a graduate program either on a full-time or part-time basis. The program spans four tracks:

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

The MS program provides students superior training and skills to bridge theory and practice and to engineer the future of finance by providing students with an IT base to understand and meet the challenges in today’s cutting-edge financial services industry and its many associated professions.

In addition, the MS program provides students the opportunity to profit from a broad range of educational resources and opportunities at NYU. Furthermore, the Department seeks local and global collaborations with industry on research projects that allow students to apply their existing knowledge and acquire new insights into the ever-changing world of finance.

The MS in Financial Engineering is a well-established program with a diverse curriculum. Our faculty is comprised of leading financial and risk research, adjunct, industry, and research professors, all with extensive practical expertise, who produce world-class research while teaching both introductory and advanced courses in a small class setting.

The program was ranked 5th in May 2015 in a listing of the 25 best financial engineering master’s degree programs in the United States. Compilers of the list, which is available here, used a point-based methodology that considered a school’s innovative program offerings, availability of a concentration, and student engagement in field internships and projects. In October 2015, the program was ranked 16th by QuantNet out of 30 master programs in Financial Engineering, Mathematical Finance and Quantitative Finance in North America. QuantNet’s methodology is based on student selectivity, placement, and employer and peer assessment scores.

The program prepares its graduates to enter fast-moving, highly rewarding careers spanning the many occupations prevalent in financial services and related industries. The educational program is continuously updated and adapted to the changing financial environment to augment both the relevance of its content and students’ career opportunities.

The department supports and conducts faculty and student research, seminars, and other learning activities through its Extreme Risk Initiative, the Topfer Research Chair and other research initiative the department is pursuing with external affiliates. The Department actively participates in comprehensive analysis and assessment of risks in various application areas including financial risk management, derivatives, credit risk, default models in finance, black swans and rare events finance, financial regulation, global-finance, multi-agents finance, behavioral finance and fractional finance, Digital currencies, financial analytics and big data etc. Interdisciplinary financial research relating to global warming, infrastructure and water finance sustainability, financial cyber risks, safety and security, health care, and other topics dependent on important financial considerations are pursued as well. Collaborative research and exchanges are maintained with a large number of internationally recognized professors in Europe, the Middle East and Asia.

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Department Chair: Charles S. Tapiero, Distinguished Topfer Chair of Financial Engineering and Technology Management

Deputy Chair: Barry S. Blecherman, Industry Professor of Economics and Financial Engineering

Contact Us

Applicants 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
Six 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
Six MetroTech Center - RH519
Brooklyn, NY 11201
Tel: 646.997.3279
Fax: 646.997.3355