Curriculum

To earn a Master of Science in Financial Engineering, you must complete 33 credits. You must also select 1 of 4 tracks to follow. Tracks have unique requirements in addition to the general degree requirements described below.

You must also complete the Bloomberg Essentials Online Training Program to qualify for graduation. The Department will support your efforts to complete the training program by providing many Bloomberg terminals and laboratory assistants to answer your questions. This is a zero-credit requirement, listed as FRE 5500.

Core Courses (15 Credits)

FRE 6003 Financial Accounting, Credits: 3.00 [Video]
FRE 6023 Economic Foundations in Finance, Credits: 3.00 [Video]
FRE 6083 Quantitative Methods in Finance, Credits: 3.00 [Video]
FRE 6103 Corporate Finance, Credits: 3.00 [Video]
FRE 6123 Financial Risk Management and Asset Pricing, Credits: 3.00 [Video]

Track-Required Courses (7.5 Credits)

Financial Markets and Corporate Finance Track

Required
FRE 6273 Valuations & Corporate Finance, Credits: 3.00

3 of the Following Courses:
FRE 6091 Financial Econometrics, Credits: 1.50
FRE 6351 Advanced Financial Econometrics, Credits: 1.50
FRE 6391 Mergers & Acquisitions, Credits: 1.50
FRE 6411 Fixed Income Securities and Interest Rate Derivatives, Credits: 1.50
FRE 6671 Global Finance, Credits: 1.50
FRE 6711 Investment Theory & Applications, Credits: 1.50
FRE 7801 Topics in Finance and Financial Markets I, Credits: 1.50

Computational Finance Track

Required
FRE-GY 6303 Dynamic Assets and Option Pricing

3 of the Following Courses:
FRE 6041 Risk Management in the Real World, Credits: 1.50
FRE 6091 Financial Econometrics, Credits: 1.50
FRE 6231 Please Refer to Catalog
FRE 6251 Numerical & Simulation Techniques in Finance, Credits: 1.50
FRE 6311 Dynamic Assets and Options Pricing, Credits: 1.50
FRE 6331 Financial Risk Management and Optimization, Credits: 1.50
FRE 6351 Advanced Financial Econometrics, Credits: 1.50
FRE 6491 Credit Risk & Credit Derivative, Credits: 1.50
FRE 6971 Sel Topics in Financial Engr, Credits: 1.50

Technology and Algorithmic Finance Track

Required
FRE 6153 Foundations of Financial Technology, Credits: 3.00

3 Courses From the Following:
FRE 6041 Risk Management in the Real World, Credits: 1.50
FRE 6131 Clearing and Settlement and Operational Risk, Credits: 1.50
FRE 6251 Numerical & Simulation Techniques in Finance, Credits: 1.50
FRE 6451 Behavioral Finance, Credits: 1.50 [Video]
FRE 6871 Financial Engineering Lab, Credits: 1.50
FRE 6883 Please Refer to Catalog
FRE 7121 Please Refer to Catalog
FRE 7211 Forensic Financial Technology and Regulatory Systems, Credits: 1.50
FRE 7221 Big Data in Finance, Credits: 1.50
FRE 7241 Algorithmic Portfolio Management, Credits: 1.50
FRE 7251 Algorithmic Trading & High-Frequency Finance, Credits: 1.50
FRE 7261 News Analytics & Strategies, Credits: 1.50

Risk Finance Track (Credit Risk, Financial Management, and Insurance)

7.5 Credtis from:
FRE 6041 Risk Management in the Real World, Credits: 1.50
FRE 6051 Insurance Finance and Actuarial Science, Credits: 1.50 [Video]
FRE 6131 Clearing and Settlement and Operational Risk, Credits: 1.50
FRE 6211 Financial Market Regulation, Credits: 1.50
FRE 6303 Please Refer to Catalog
FRE 6333 Please Refer to Catalog
FRE 6491 Credit Risk & Credit Derivative, Credits: 1.50
FRE 6731 Basel 2 and Value At Risk, Credits: 1.50
FRE 6971 Sel Topics in Financial Engr, Credits: 1.50
Other appropriate special topics courses, each being 1.5 credits

* - Students may, of course, choose elective courses from the entire portfolio of FRE graduate courses and with their advisor's permission may choose courses from other departments of the School of Engineering or schools of NYU. Those courses listed here are suggestions.

Applied Lab (1.5 Credits)

Students from all tracks except Risk Finance must choose 1 lab from the following:
FRE 6811 Financial Software Laboratory, Credits: 1.50
FRE 6821 Financial Econometric Laboratory, Credits: 1.50
FRE 6831 Computational Finance Laboratory, Credits: 1.50
FRE 6861 Financial Software Engineering Laboratory, Credits: 1.50

Required Certification (0 Credits)

FRE 5500 Bloomberg Certification, Credits: .00

Capstone (3 Credits)

Choose 1 capstone option:

  • FRE 7003 Please Refer to Catalog (required for potential PhD candidates)
  • FRE 7023 Financial Engineering Capstone: Internship, Credits: 3.00 (200 hours at least; 2 reports to the faculty are required)
  • FRE 7043 Financial Engineering Capstone: Project, Credits: 3.00 (project under faculty supervision)
  • 2 special topics courses at 1.5 credits each, with a capstone paper submitted to the faculty

Electives (6 Credits)

4 Courses From the Following

FRE 6031 Money, Banking and Financial Markets, Credits: 1.50

FRE 6111 Investment Banking and Brokerage, Credits: 1.50
FRE 6131 Clearing and Settlement and Operational Risk, Credits: 1.50

FRE 6163 Life Contingencies II, Credits: 3.00
FRE 6171 Management of Financial Institutions, Credits: 1.50
FRE 6191 Advanced Topics in Financial Technology, Credits: 1.50
FRE 6211 Financial Market Regulation, Credits: 1.50
FRE 6243 Credibility and Loss, Credits: 3.00
FRE 6251 Numerical & Simulation Techniques in Finance, Credits: 1.50
FRE 6291 Applied Derivative Contracts, Credits: 1.50
FRE 6311 Dynamic Assets and Options Pricing, Credits: 1.50
FRE 6321 Casualty I, Credits: 1.50
FRE 6331 Financial Risk Management and Optimization, Credits: 1.50
FRE 6341 Casualty II, Credits: 1.50
FRE 6351 Advanced Financial Econometrics, Credits: 1.50
FRE 6371 Contract Economics, Credits: 1.50
FRE 6391 Mergers & Acquisitions, Credits: 1.50
FRE 6411 Fixed Income Securities and Interest Rate Derivatives, Credits: 1.50
FRE 6451 Behavioral Finance, Credits: 1.50
FRE 6471 Applied Financial Econometrics, Credits: 105.00
FRE 6491 Credit Risk & Credit Derivative, Credits: 1.50
FRE 6511 Derivatives Algorithms, Credits: 1.50 [Video]
FRE 6513 Interm Deriv Valuat & Applic, Credits: 3.00
FRE 6551 Accounting For Financial Products, Credits: 1.50
FRE 6571 Asset-Backed Securities and Securitization, Credits: 1.50
FRE 6591 Real Estate Finance and Mortgage-Backed Securities, Credits: 1.50
FRE 6631 Applied Derivatives and Real Options Finance, Credits: 1.50
FRE 6651 Term Structure Modeling and Advanced Interest Rate Derivatives, Credits: 1.50
FRE 6671 Global Finance, Credits: 1.50 [Video]
FRE 6691 Intermediate Credit Derivatives Valuation and Applications, Credits: 1.50
FRE 6711 Investment Theory & Applications, Credits: 1.50
FRE 6731 Basel 2 and Value At Risk, Credits: 1.50
FRE 6751 Credit Risk Measurement and Management, Credits: 1.50
FRE 6771 Financial Optimization Techniques, Credits: 1.50
FRE 6803 Financial Engineering (Research Course), Credits: 3.00
FRE 6911 Financial Regulation, Credits: 1.50
FRE 6971 Sel Topics in Financial Engr, Credits: 1.50 [Financial Analytics and Big Data Finance]
FRE 7103 Macroeconomics, Credits: 3.00
FRE 7241 Algorithmic Portfolio Management, Credits: 1.50
FRE 7801 Topics in Finance and Financial Markets I, Credits: 1.50
FRE 7811 Topics in Finance and Financial Markets 2, Credits: 1.50
FRE 7821 Topics in Risk Finance I, Credits: 1.50
FRE 7831 Topics in Financial and Risk Engineering I, Credits: 1.50
FRE 7841 Topics in Risk Finance II, Credits: 1.50
FRE 7851 Topics in Financial and Risk Engineering 2, Credits: 1.50