Masters in Financial Engineering Abroad: Fees, Top Universities & Job Scope

Financial Engineering is a multidisciplinary field involving financial theory, engineering methods, tools of Mathematics and Programming. It uses mathematical techniques to solve financial problems and is sometimes referred to as quantitative analysis. Also known as Financial Mathematics, Mathematical Finance, and Computational Finance, Financial Engineering, unlike its name, does not belong to any of the traditional fields of professional engineering. Applied Mathematics, Computer Science, Statistics and Economic Theory are all tools that are applied in this field.

A Masters in Financial Engineering teaches you how this plays a key role in the customer-driven derivatives business which encompasses quantitative modelling and programming, trading and risk managing derivative products in compliance with the regulations and liquidity requirements.

Masters in Financial Engineering is a full time program which requires minimum 30 credit hours. We are going to list down the list of courses commonly taught across all universities; however, it should be kept in mind that exact curriculum may vary a bit depending on your school.

• Corporate Finance
• Management of Financial Risk
• Financial Engineering
• Probability for Electrical and Computer Engineers
• Stochastic Processes
• Mathematics and Tools for Financial Engineering Electives
• Microeconomic Analysis and Policy
• Macroeconomic Analysis and Policy
• Economic and Financial Time Series
• Financial Analysis and Valuation
• Applied Finance in Fixed Income Securities
• Hedge Funds
• Forecasting and Risk Analysis
• Trading and Exchange
• Investment Analysis and Portfolio Management
• Mortgages and Mortgage-Backed Securities and Markets
• Financial Accounting Analysis for Engineers
  b) Optimization, Simulations, Stochastic Systems (Any two courses are to be selected)
  Introduction to Programming Systems
• Analysis of Algorithms
• Neural Learning and Computational Intelligence
• Statistics and Data Analysis for Engineers
• Design of Experiments
• Stochastic Systems and Reinforcement Learning
• Optimization of the Information and Data Sciences
• Machine Learning from Signals: Foundations and Methods
• Linear programming and Extensions
• Stochastic Elements of Simulation

Financial engineering involves the application of the principles of Mathematics to tackle financial issues. Some of the core subjects include:

• Stochastic Models for Financial Engineering
• Statistical Tools for Financial Engineering
• Foundations of Financial Engineering
• Financial Markets, Institutions and Risk
• Optimization Models and Methods for Financial Engineering
• Financial Engineering: Continuous Time Models
• Data Analysis for Financial Engineering

• Business and Financial Modeling
• Big Data for Data Engineers
• Investment and Portfolio Management
• Financial Markets and Investment Strategy
• Managing Major Engineering Projects

• Analytical thinking.
• Verbal communication.
• Persuasiveness.
• Problem-solving.
• Decision-making.
• Detail-oriented.
• Financial planning.
• Budgeting.

• Stevens Institute of Technology
  Financial Engineering
• Baruch College - The City University of New York
  Financial Engineering
• Columbia University
  Financial Engineering
• University of Illinois at Urbana-Champaign
  Financial Engineering
• University of California, Los Angeles
  Financial Engineering
• University of Southern California
  Financial Engineering
• ESCP Europe Business School
  Finance
• HEC Paris
  International Finance
• Lancaster University
  Accounting and Finance
• Stanford University
  MBA
• University of Cambridge
  Accounting
• University of Melbourne
  Accounting
• University of St. Gallen
  MBA
• Duke University
  Economics
• EDHEC Business School, Nice
  Finance
• INSEAD France
  MBA
• Massachusetts Institute of Technology
  Economics
• Monash University, Melbourne
  Accounting
• National University Of Singapore
  Accounting
• New York University
  Accounting
• University of Oxford
  Financial Economics
• Australian National University
  Accounting
• INSEAD Asia Campus
  MBA
• Imperial College London
  Finance
• University of California , Berkeley
  Economics
• University of Pennsylvania
  MBA
• Indiana University Bloomington
  Accounting
• London Business School
  MBA
• Macquarie University, Sydney
  Accounting
• Michigan State University
  Accounting
• Ohio State University
  Accounting
• The University of Chicago
  Economics
• University of Warwick
  Finance
• Grenoble Ecole de Management
  Finance
• Harvard University
  MBA
• London School of Economics
  Economics
• Stockholm School of Economics
  Finance
• City University London
  Finance
• Yale University
  Economics
• Northwestern University
  MBA
• University of Maryland, College Park
  Finance
• Brandeis University
  Finance
• University College Dublin
  Finance
• Dartmouth College
  MBA
• University of Edinburgh
  Finance
• Cornell University
  MBA
• Bentley University
  Finance
• Illinois Institute of Technology
  Finance
• University College London
  Economics
• University of Rochester
  Finance
• Georgetown University
  Finance and Investment
• International Technological University
  MBA
• University of California, San Diego
  Economics
• University of Texas at Austin
  Finance
• HEC Montréal
  Finance
• University of Toronto
  Economics
• Fordham University
  Finance
• International Institute for Management Development, Switzerland
  MBA
• Rutgers University-New Brunswick
  Business Economics

Masters in Financial Engineering requirements for most universities in the US and Canada include submitting a GRE score. Few universities from Germany require GRE scores for a MS in Financial Engineering. However, GRE is not required for admission to Australian universities. IELTS or TOEFL is compulsory for acquiring a student visa and as a proof of English proficiency.

• Orange Knowledge Programme Netherlands
• Fulbright Foreign Student Scholarship Program USA
• New Zealand Aid Programme 2021-2022 Scholarships for international students
• Australia Awards Scholarships for International Students
• Global Korea Scholarship - Funded by Korean Government
• Friedrich Ebert Stiftung Scholarships
• ANU Chancellor’s International Scholarship
• British Chevening Scholarships 2021
• Japanese Government (MEXT) Scholarships for Young Leaders Program
• Heinrich Boll Foundation Scholarships
• Australia CSIRO Postdoctoral Fellowship in Financial Engineering 2018

• Financial engineer. Financial engineers work in banks, investment firms, and mutual fund companies.
• Investment manager. In this role, your job is to make money with money.
• Portfolio manager.
• Risk manager.
• Trading strategist.
• Financial manager.