Interested in majoring in Financial Engineering? Financial engineering is a process that utilizes existing financial instruments to create a new and enhanced product of some type.
Degrees in financial engineering, mathematical finance, financial mathematics, quantitative finance or computational finance, as this new discipline is variously known, are being awarded by an increasing number of universities.
If you’re thinking of heading Financial Engineering major to study in the U.S., you’ll want to do your research beforehand. In order to help you, here we have prepared a list of the “Top Financial Engineering Programs”.
Whether you are an international student or residents of U.S., you can apply for these financial engineering colleges or universities. Discover our full list & choose the best one for your bright future. Good luck!!!
The Weissman School of Arts & Science
The Baruch College is a public research university in the Manhattan borough of New York City. The college operates undergraduate, masters, and Ph.D. programs through its Zicklin School of Business. The college is composed of three academic schools, the Zicklin School of Business, the Weissman School of Arts & Science, and the Marx School of Public Affairs. The college also houses several doctoral (Ph.D.) programs offered through the CUNY Graduate Center. The Financial Engineering Program at Baruch College offers a Pre-MFE Program consisting of on-site seminars and online seminars for people interested in pursuing graduate studies in financial engineering.
Founded In: 1919
Tuition & Fees Approximately: $27,675 for NY state residents; $40,980 for out-of-state students, including international students
Finance and Admission Office Contact: 646-312-4170
Carnegie Mellon University
Master of Science in Computational Finance
Carnegie Mellon counts 13,650 students from 114 countries, over 100,000 living alumni, and over 5,000 faculties and staff. Carnegie Mellon’s interdisciplinary, top-ranked Master of Science in Computational Finance program has prepared students for highly successful careers in quantitative finance. The Master of Science in Computational Finance (MSCF) program at Carnegie Mellon University was awarded a Top 3 position in the 2018 QuantNet rankings of financial engineering programs.
Founded In: 1900
Tuition & Fees Approximately: 50,665 USD
Finance and Admission Office Contact: (412) 268-3629
University of California, Berkeley
Haas School of Business
Founded in 1868, Berkeley is the flagship institution of the ten research universities affiliated with the University of California system. The Berkeley Master of Financial Engineering Program, a STEM designated degree, prepares you with the knowledge and skills for a career in the finance/fintech industry. The Berkeley Master of Financial Engineering (MFE) degree is a full-time, one-year graduate degree offered by the Haas School of Business. Students enrolled in the MFE Program learn to use theoretical finance, mathematics, and computer programming skills to make pricing, hedging, trading, and portfolio management decisions.
Founded In: 1868
Tuition & Fees Approximately: In-state 13,431 USD, Out-of-state 38,139 USD
Finance and Admission Office Contact: +1 510-642-6000
The IEOR Department
Columbia is organized into twenty schools, including many undergraduate and graduate schools. The IEOR Department has long offered a specialized curriculum for professionals in the field of Financial Engineering. At Columbia, the FE Program provides full-time training in the application of engineering methodologies and quantitative methods in finance. It is designed for students who wish to work in industries such as securities, banking, and financial management and consulting, or general manufacturing and service firms. The first half of our program is devoted to tools of the trade and their use in modeling financial markets and instruments.
Founded In: 1754
Tuition & Fees Approximately: 53,000 USD
Finance and Admission Office Contact: (212)-854-2942
New York University
Tandon School of Engineering
New York University is a private nonprofit research university based in New York City. The MS in Financial Engineering program furnishes students with foundational knowledge of 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. At the NYU School of Engineering, they train our students to do exactly that: to engineer the future of finance and transform financial theory into practice.
Founded In: 1830
Tuition & Fees Approximately: 47,750 USD
Finance and Admission Office Contact: 646.997.3600
Department of Operations Research and Financial Engineering
Princeton provides undergraduate and graduates instruction in the humanities, social sciences, natural sciences, and engineering. The Operations Research and Financial Engineering (ORFE) department’s research and teaching focus on the foundations of data science, probabilistic modeling, and optimal decision-making under uncertainty etc. The core graduate and undergraduate programs provide strong technical grounding in statistics, stochastics, and optimization. They are currently 15 faculty, 52 Ph.D. students, and 215 undergraduate majors.
Founded In: 1746
Tuition & Fees Approximately: 43,450 USD
Finance and Admission Office Contact: +1 609-258-3000
The School of Operations Research and Information Engineering
Cornell is one of three private land grant universities in the United States and the only one in New York. The School of Operations Research and Information Engineering at Cornell is consistently placed among a handful of leading Operations Research programs worldwide. All students begin their studies on our scenic Ithaca campus, and they will complete their studies at Cornell Financial Engineering Manhattan in the heart of New York City. Cornell’s program in Operations Research and Information Engineering is a rigorous program with approximately 225 undergraduates, 90 Master of Engineering students, and 40 Ph.D. students.
Founded In: 1865
Tuition & Fees Approximately: 49,116 USD
Finance and Admission Office Contact: 607.255.4856
University of Chicago
The university is composed of the College, various graduate programs and interdisciplinary committees organized into five academic research divisions and seven professional schools. The Financial Mathematics Program seeks candidates with strong math skills, relevant work experience, and basic computer programming skills. The Financial Mathematics Program is taught by University of Chicago faculty, adjunct faculty, and lecturers drawn from industry professionals. A pioneer in its field, our Program offers 15 months of accelerated, integrated coursework that explores the deep-rooted relationship that exists between theoretical and applied mathematics and the ever-evolving world of finance.
Founded In: 1890
Tuition & Fees Approximately: 51,351 USD
Finance and Admission Office Contact: 011 6619 0200
Georgia Institute of Technology
Georgia Tech is organized into six colleges and contains about 31 departments/units, with emphasis on science and technology. The Master of Science degree program in Quantitative and Computational Finance (QCF) is interdisciplinary between three of Georgia Tech’s most prestigious units: the Scheller College of Business, the H. Milton Stewart School of Industrial & Systems Engineering, and the School of Mathematics.
Founded In: 1885
Tuition & Fees Approximately: In-state 12,204 USD, Out-of-state 32,396 USD
Finance and Admission Office Contact: 404.894.2600
Massachusetts Institute of Technology
MIT Laboratory for Financial Engineering
The MIT Laboratory for Financial Engineering (LFE) is a research center created as a partnership between academia and industry, designed to support and promote research in financial engineering and computational finance. The LFE is a research lab for currently enrolled MIT students and faculty. They do not offer any degree programs. The LFE is a research center created as a partnership between academia and industry, designed to support and promote research in financial engineering and computational finance.
Founded In: 1885
Tuition & Fees Approximately: 46,704 USD
Finance and Admission Office Contact: 617-258-5727