Financial Engineering, M.S.

Prerequisites

Students must have a Bachelor's degree from an accreditedited institution and proven proficiency in:

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

Application Requirements

• Online application
• Official Transcripts
• Resume
• Statement of Purpose
• 1-minute video
• 2 Letters Of Recommendation
• English Language Proficiency Testing (where applicable)
• $90 application fee

Learn more about Admission Requirements

The average Quant GRE score for newly enrolled students (Fall 2025) was 168.6/170, and the average GPA was 3.83.*

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 both an online and an on-campus boot camp during the summer before formal coursework starts. For program highlights and a video regarding further details on FRE admissions requirements, visit our Prospective Students page.

Tuition varies based on your program, term admitted and credit hours.

Look up Current Tuition Rates

We are committed to keeping graduate studies affordable for all of our students. You’ll have access to on-campus employment programs that include teaching and research assistantships, as well as financial aid, scholarships, grants, and loans.

Explore our Tuition, Financial Aid and Scholarships page to learn more about these opportunities.

Prospective Students

For questions about the application process, application status or to talk to an admissions counselor:

Office of Graduate Enrollment and Admissions
NYU Tandon School of Engineering
engineering.gradinfo@nyu.edu
Phone: 646-997-3812

Accepted and Enrolled Students

For questions about the curriculum or courses:

Department of Finance and Risk Engineering
NYU Tandon School of Engineering
1 MetroTech Center North, 10th floor
Brooklyn, NY 11201

engineering.fre@nyu.edu

Phone: 646-997-3279
Fax: 646-997-3355

For advising questions:

Professor Barry Blecherman
General Advising
barry.blecherman@nyu.edu

Ms. Zahra Patterson
Academic Planner, Degree Progress Report, and Graduation Audits
zahra.patterson@nyu.edu

Professor Agnes Tourin
Capstone Advisement
at1744@nyu.edu

Required courses:

Two of the following three courses:

Students may choose from any FRE courses to fulfill these focus areas and general elective requirements. They may also elect to register for up to nine credits at select schools/programs at NYU outside of the FRE Department. These outside courses must be approved by the MS Financial Engineering Academic Advisor. Students may only enroll for courses at other schools of NYU that are not offered at the School of Engineering. Please review the NYU cross-school registration policy prior to submitting cross-registration requests.

Choose 1 lab from the following:

Note: Waivers are possible.

Choose one capstone option:

Internship

FRE-GY7021: Financial Engineering Capstone: Internship

Minimum 240 hours per semester; FRE-GY7021 must be taken twice in order to fulfill the capstone requirement; 1 report to the faculty is required

Project

FRE-GY7043: Financial Engineering Capstone: Project

Project under faculty supervision

Thesis

FRE-GY9973: MS Thesis in Finance & Risk Engineering

Special Topics

3.00 credits (two courses of 1.5 credit each or a single 3.00 credit course) of courses marked “topics” or “special topics” in the FRE section of the school course catalog, with a capstone paper submitted to the capstone advisor.

In addition, please see the Capstone Procedures and Requirements (PDF).

To earn a Master of Science in Financial Engineering, students must complete 33 credits to qualify for graduation.

Students enrolled full-time will complete the program in 4 semesters, although some may accelerate the course load and graduate within 3 semesters. Students enrolled part-time will require additional semesters.

The M.D. in Financial Engineering is offered full-time, but is also flexible to be completed part-time, extending the number of semesters required.

Fall Semester

• December 1: M.S. priority consideration
• February 15: M.S. general consideration

• Online application
• Official Transcripts
• Resume
• Statement of Purpose
• 1-minute video
• 2 Letters Of Recommendation
• English Language Proficiency Testing (where applicable)
• $90 application fee

NYU Tandon’s M.S.F.E. students have the opportunity to participate in a series of “Boot Camps” designed to maximize their experience. These include:

Pre-program Boot Camp
The FRE department provides a comprehensive three-part, pre-program boot camp series every summer. The boot camp consists of two online course sections in June and July, and a third two-week intensive section in person in August.

Q-CODE
Q-CODE: Quantitative Coding for Finance Interviews is an initiative designed specifically for rising second-year M.S.F.E. students. The goal is to help students sharpen their live coding and technical interview skills in preparation for full-time recruiting. It focuses on real-time coding interview practice, problem-solving under pressure, and targeted feedback to improve your coding skills.

January Boot Camp
This 10-day program is intended for students seeking to reinforce their mathematical foundation, thereby enhancing their ability to succeed in the remainder of the program.