Baruch College
 
Masters Program in Financial Engineering

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FALL 2010 ADMISSION INFORMATION
The process of evaluating applications began on December 1. Decisions have been made already and will continue to be made on a rolling basis.
The online application for Fall 2010 admission to the Baruch MFE program is here
Online Application Status
Once an application is submitted, its status can be checked online; see more information and updates here The application status is updated weekly.

You can also use the Application Tracker to track the progress of your application online here

Online Chat
The Director of the Financial Engineering MS Program holds periodic chats for prospective students, answering questions in real time.

Information Sessions for Fall 2010 Admission
The Director of the Financial Engineering MS Program and current students will be available to present the program and answer your questions.

Date:February 22, 2010
Time: 6pm
Location: Room 8-210, Vertical Campus ( Lexington Avenue at 24th Street)

RSVP: http://events.embark.com/event/baruch/weissman

NEWS and EVENTS
A new web page for the program will be unveiled in 2010. The new web page will have Web 2.0 capabilities, and will contain alumni and student profiles, detailed information on our courses, and an extended FAQ list.
2009 QuantNetwork Ranking of Financial Engineering Programs
The Baruch MFE Program was ranked a Top Ten program in US and Canada.
The Salih Neftci Memorial Scholarship at Baruch College
Dr. Salih Neftci, a long time professor in the Baruch MFE program, passed away in April 2009.

In appreciation of his tireless dedication to educating them and to shaping their future, the Baruch MFE alumni and students, as well as former colleagues and friends of Salih, established a Memorial Scholarship at Baruch College honoring Salih Neftci's  memory.

Through a generous effort (over $27,000 raised in less than one month) and overwhelming response (over 100 out of 190 all-time alumni and students of the Baruch MFE Program contributed), the scholarship is now endowed in perpetuity.

The first scholarship will be awarded in February 2010 to a Baruch MFE student who demonstrated desire and ability to help others in understanding the principles of financial engineering.
Faculty News
Dr. Attilio Meucci and  Leon Tatevossian joined the Baruch MFE Faculty in Fall 2009.

Attilio Meucci leads the research effort of ALPHA, the portfolio analytics and risk platform at Bloomberg. Previously, Attilio was a researcher at Lehman Brothers, a trader at the hedge fund Relative Value International, and a consultant at Bain & Co. Attilio is the author of Risk and Asset Allocation, Springer, 2005, and several other publications in practitioners and academic journals.

Leon Tatevossian has more than twenty years of experience in the fixed-income capital markets, including positions as a trader, quantitative strategist, derivatives modeler, and market-risk analyst. He is currently a consultant in the Group Risk Management area at Royal Bank of Canada Capital Markets.
Fall 2009 Admission Report

The admission to the Baruch MFE Program for the Fall 2009 semester was highly competitive: 29 of 352 applicants were admitted, and 24 students enrolled in the program, 16 full-time and 8 part-time. While smaller than in previous years, the current cohort of students is very strong. Selection was based on interviews, either in person, or phone interviews, and was not limited by any fixed number of seats. Every applicant who was not offered admission had the opportunity to talk to the Program Director about their application, and to be advised how to strengthen their application in the future.

Employment Statistics - December 2008 Graduates
Employment statistics of the December 2008 graduates of the Baruch MFE Program are now posted here. As of April 15, 2009, 15 of 17 December'08 graduates found employment in the financial industry, 14 of them in the US. The average first year guaranteed compensation is $92,000, with a high of $125,000 and a low of $65,000.

2009 Interactive Brokers Trading Olympiad

Six Baruch MFE students were among the 62 prize winners in the 2009 Interactive Brokers Trading Olympiad, including Mr. Vladimir Toshchevikov who placed 7th with a 73% return of his investment strategy over the eight weeks competition, which earned him one of the $10,000 prizes.


Baruch MFE - Quick Facts

Program length  Three semesters full-time, five to six semesters part-time
 (Fall semester admission only)

Tuition Rates(for the entire program): USD 11,040 for NY state residents; USD 20,7000 for out-of-state students, including international students

Application Deadline  April 1, 2010 for Fall 2010 admission

Admission Numbers (Fall 2009)
352 applicants
 29 admitted (8% admission rate)
 24 enrolled (16 full-time, 8 part-time)

Test Scores - Fall 2009 admitted students
GRE Quantitative: 790 average
GRE Verbal: 582 average

Employment Status of the December'08 graduates:
Placement Rate:  15 of 17
Starting Salary: Low 65K; High: 125K; Average: 92K; Median: 85K



 Why Baruch MFE ?


We offer a high quality education. Our graduates are very successful inthe job market, even in the current market conditions.

We enroll only the most qualified applicants, and we do not have a minimum number of seats to fill. Our students work together in small teams and learn from each other, fostering a sense of camaraderie and strong connections even as alumni. Our students are competitive and driven to succeed.

Our active alumni formed the Baruch Financial Engineering Alumni Association in October 2006. The Association offers one-on-one mentoring to all students wishing to participate.

Prospective candidates have direct access to our students, alumni, and faculty via online chats, information sessions, or by attending classes during the semester.

Admission to the program is selective (the acceptance rate for the Fall2008 cohort was 11%) and we have small class sizes (the Fall 2008 cohort consisted of 29 full-time and 11 part-time students). Promising candidates whose applications were rejected are invited to learn how to strengthen their applications and are encouraged to re-apply.

As any successful program, we are forthcoming with numbers and information about employment data  and admission statistics.

The student body of the Financial Engineering MS Program at Baruch College is as diverse as could be expected from a school in the City University of New York educational system. No matter what your background is, it is likely that we have students or alumni with a similar background.

The Financial Engineering MS Program at Baruch College is located in New York City, arguably the most exciting financial capital of the world.



 

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