Financial Engineering

Program Director: Charles Tapiero
Program Co-Director: Barry Blecherman

Master’s in Financial Engineering

Financial engineering seeks to bridge theoretical finance and its practice. This concept underpins the NYU-Poly MS program in financial engineering. The goals and objectives of the program are to train and prepare our students for fast-moving and highly rewarding careers that create value enabled by finance, technology, computational finance and engineering risk finance. Careers and employment opportunities include trading, investments, financial risk management, pricing as well as corporate financial positions in a broad array of firms such as financial services, insurance, industrial and business firms.

To these ends, the Department of Finance and Risk Engineering offers in its MS in Financial Engineering Program a wide range of graduate-level courses including: Quantitative Finance, Economics, Financial Markets and Corporate Finance, Financial Econometrics, Behavioral Finance, Credit Risk and Credit Derivatives, Financial Insurance, High Frequency Trading, Agent-Based Modeling, Financial Technology, Risk Management, Risk Analysis and Assessment in Financial Services, Financial Regulation, Stochastic Finance Calculus and Stochastic Financial Modeling. Both financial and economic theories are then applied to the complex problems financial engineers confront including: Fixed Income, Derivatives, Credit Risk and Credit Derivatives and Securitization. In addition, the department offers a wide range of financial labs and Bloomberg assisted classes, topical and advanced courses including: Financial Analytics, Private Equity, Incomplete Markets Finance, Market Microstructure, and Electronic Trading.

These courses form a major portion of the course work for an advanced degree in financial engineering and bridge the gap between theoretical and applied finance. A limited number of courses may also be taken by students outside of FRE (subject to approval by the Finance and Risk Engineering Department) to satisfy elective requirements.

The department has a Research Institute that emphasizes specialized research areas and provides research opportunities to students. These include:

• Research on personal finance and investments, the finance of rare and uncommon risks, financial regulation, real finance and business policy, alternatives finance as well as topical projects pursued by students and faculty.
• Research that emphasizes trading platforms and software development and the management of financial technology as well as related topics. The Institute is a research hub and laboratory for generating new industry ideas and tools. It also undertakes collaborative research projects to provide ideas, methods and tools with scholarly and practical applications.

Graduate Certificate Programs

The Graduate Certificate programs have the same application requirements and prerequisites as the Master of Science degree.

Undergraduates in Graduate FRE Courses

The Department of Finance and Risk Engineering does not permit undergraduates to take courses with the prefix “FRE”; these are graduate courses reserved for graduate students. Exceptions are made only for sub-matriculated undergraduates; undergraduates who have applied to and been accepted to the MS FE program at NYU-Poly in their senior year of undergraduate studies or as part of the BS/MS Program. No other exceptions are made.

Programs

• Finance Minor

• Financial Engineering Graduate Certificate
• Financial Technology Management Graduate Certificate
• Risk Management Graduate Certificate

• Financial Engineering, Computational Finance Track, M.S.
• Financial Engineering, Financial Markets and Corporate Finance Track, M.S.
• Financial Engineering, Risk Finance Track, M.S.
• Financial Engineering, Technology and Algorithmic Finance Track, M.S.