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The Application
Process for Admission
Admission to the Financial Engineering MS Program at Baruch College is
available
to qualified applicants who have the potential to become successful
graduates of
our program. Applicants should have strong undergraduate quantitative
credentials that demonstrate mathematical ability, as well as interest
and
commitment to the field of finance. The applicants may have earned
degrees in
any discipline, provided that they demonstrate by way of test scores,
undergraduate transcripts, and letters of recommendation that they are
prepared
for a demanding course of quantitative study. All applicants must have
a
baccalaureate degree from a regionally accredited four-year college in
the
United States or its equivalent in another country.
The application for admission is available on the Embark system and
must be
completed online. Click here for the
application form.
Test scores required are the General Test of the
Graduate Record
Examination (GRE) or the Graduate Management Admission Test (GMAT).
(We
prefer that students take the GRE test) Students whose native language
is not
English must submit TOEFL scores. Standardized test scores (GMAT, GRE,
and TOEFL)
must be sent directly to Baruch College using the following codes
 For
GRE/GMAT test: 2012
For TOEFL
test: 8272
The Application Evaluation Process. The
standard for admission into the
Financial Engineering MS Program is the same for applications for
part-time and
for full-time study, as well as for applications from international and
US-based
applicants. The standard for is set before the application evaluation
process
begins, and the same one is applied to every application until the end
of the
admission process. The admission standard is increased every year based
on the
strength of the prior year's applicant pool.
Our program does not have a target number for enrolled students. We are
committed to admitting and educating as many students who meet our
admissions
standard.No application is denied because of a lack of seats in the
program, and
no applicant is accepted to the program to fill a quota.
We only offer admission into the Financial Engineering MS Program in
the Fall
semester. The reason for not having Spring admission is that every
student is
expected to take at least one core math course in the first semester of
study,
and that is only possible in the Fall semester. See the Program
link for more details.
 Application deadline for Fall 2010 admission :
April 1, 2010.
Applicants are encouraged to submit their application as early as
possible.
Admission decisions are made on a rolling basis. The first round of
application
evaluations will be at the beginning of December, followed by another
round at
the end of January, and then by evaluations every two weeks. Every
application
is evaluated by at least three members of the Admissions Committee.
While all the applications are evaluated based on the same admission
standard,
applying before March 15 should be considered optimal. This would allow
enough
time for the candidate to be contacted by the MFE Admissions Committee
should
further details be required to clarify certain areas of the application.
All applications for admission to the Financial Engineering MS Program at
Baruch College that are completed by April 1 will be evaluated by April
15. Any applications that are not complete by April 10 will not be
evaluated.
Personal Essay. Applicants should touch upon
the following topics:
Why are you interested in Financial Engineering?
Why do you want to study in
the Financial Engineering MS Program at Baruch College?
What career path do you
envision after graduating from the MFE Program?
Prerequisite Courses. Applicants are required
to have taken a minimal set
of courses in finance, mathematics, and computer science, before being
admitted
into the MFE program, as follows:
Knowledge of Finance, as demonstrated by one undergraduate class
or work experience
Calculus (two semesters)
Probability (one semester)
Linear Algebra (one semester)
C++ programming skills at the level of one undergraduate class, or
by completing a certificate degree
In order to qualify as a prerequisite, each course must have been
passed with a
grade of B or better.
Some applicants with a strong background in other areas such as
practical
knowledge of finance may be admitted into the program without having
met all the
prerequisites via conditional admission. They will be required to
complete the
prerequisite courses before enrolling in the program, and take the
summer
refresher courses.
Letters of Recommendation. Every applicant
should include three letters
of recommendation with the application. The recommenders should be
individuals
who can comment on the relevant skills that would make the applicant
successful
in the MFE program. There is no requirement that at least one letter
come from
an academic recommender. If the applicant has significant work
experience, it is
advisable that at least one letter touch on that.
Refresher Courses. The mathematics department
offers refresher courses in
C++, Advanced Calculus, and Linear Algebra during the summer before the
beginning of the Fall semester. These courses focus on topics to be
examined in
greater detail in the MFE program, and cover a number of challenging
financial
applications.
All students admitted into the Financial Engineering MS Program are
required to
take the refresher courses before the start of the program. For those
admitted
students (and, in particular, for the international students coming
from abroad)
who want to opt out of some of the courses, assessment tests for each
of the
courses will be administered in May. Provided that one scores well
enough on a
test, the corresponding refresher course requirement will be waived.
(An
automatic waiver is provided for the C++ refresher course to any C++
professional programmer.)
The refresher courses are closed to people not admitted in the MFE
program.
The C++ course is a month-long course offered in June, meeting twice a
week in
the evenings. The Advanced Calculus and the Linear Algebra courses are
offered
at the end of July and at the end of August, respectively, on a
two-week
Monday-Thursday evening schedule. The Probability course is offered in
the first
two weeks of August, meeting twice a week in the evenings.
For more information on the refresher courses, please follow this link.
Requests for more program information should be directed to:
Office of Research and Graduate Studies
Weissman School of Arts and Sciences
Baruch College
One Bernard Baruch Way, Box B8-211
New York, NY 10010-5585
Tel: (646) 312-4490
E-mail:
Wsas_Graduate_Studies@baruch.cuny.edu
Baruch College is an Equal
Opportunity/Affirmative Action institution. The College does not
discriminate on
the basis of age, sex, sexual orientation, alienage or citizenship,
religion,
race, color, national or ethnic origin, disability, or veteran or
marital status
in its student admissions, employment, access to programs, and
administration of
educational policies. Questions concerning this policy may be addressed
to the
affirmative action officer. The Board of Trustees of The City
University of New
York reserves the right to make changes of any nature in the academic
programs
and requirements of The City University of New York and its constituent
colleges. All programs, requirements, and courses are subject to
termination or
change without advance notice.
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