Master of Science [M.Sc] Financial Engineering

at Columbia University

Modules

• Optimization Models and Methods
• Stochastic Models
• Foundations of Financial Engineering
• Monte Carlo Simulation
• Financial Engineering: Continuous Time Models
• Statistical Analysis and Time Series
• Financial Engineering Seminar Series
• Professional Development and Leadership

Graduate Record Examination (GRE)
 

The Graduate Record Examination (GRE) is not required. . If you have taken the exam and would like to provide your scores, you may, but it is not required. Students who do not submit scores will not be penalized in the graduate admissions review process. Students who do submit scores will be required to submit official test scores should they be admitted.
 

Students applying to the Applied Physics PhD or Applied Physics MS/PhD Track program may supply GRE Physics subject test scores, although it is not required. 

English Language Proficiency Exams

Applicants who earned their undergraduate degree in a country other than Australia, Canada, Ireland, New Zealand, Singapore, the UK, and the United States of America must submit an official score from either the TOEFL, IELTS, PTE Academic test or Duolingo English Test with their application. This includes students who transferred from or have participated in a combined or joint degree program in a country outside of Australia, Canada, Ireland, New Zealand, Singapore, the UK, or the United States of America. This requirement applies to applicants from Bangladesh, Nepal, India, Pakistan, Latin America, the Middle East, Israel, the People’s Republic of China, Japan, Korea, and most European countries, countries in Africa, and countries in Southeast Asia. Only one English language test is required.
 

An exception will be made for applicants who have earned or will complete a Master's degree in Australia, Canada, Ireland, New Zealand, Singapore, the UK, and the United States of America, in this case, the applicant is not required to submit English language proficiency exam scores for admission.
 

Columbia Engineering accepts the following exams: Test of English as a Foreign Language iBT (TOEFL) - including TOEFL iBT Home Edition, International English Language Testing System Academic (IELTS), Pearson Test of English (PTE Academic), or Duolingo English Test (DET). Only one English language test is required.
 

The following materials must accompany the online application for on-campus graduate programs:
 

• Official transcript copies from every post-secondary institution attended

• Three recommendation letters
   

Official Graduate Record Examination (GRE) General Test Scores* 
 

• Personal statement
• Resumé or Curriculum Vitae
• Publications (optional)
• An interview may be requested
• $85 non-refundable application fee
• International applicants or applicants whose undergraduate degree was received in a country in which English is not the official and widely spoken language must submit the following additional requirements with the application for admission:
• Test of English as a Foreign Language iBT (TOEFL) - including TOEFL iBT Home Edition, International English Language Testing System Academic (IELTS), Pearson Test of English (PTE Academic), or Duolingo English Test (DET). The ETS School Code for the Fu Foundation School of Engineering and Applied Science is 2111.
• Translation of the official transcript(s) and degree/diploma certificate(s) if the institution(s) attended does not issue transcripts in English. The translation must be conducted by a reputable service provider. 
   

If you have questions about any of the application requirements, please visit our FAQ. Students applying via an alternative application (MS Express, Integrated BS/MS, Barnard 4+1 Pathways, MD/MS in Biomedical Engineering) should refer to the application requirements as listed with the appropriate application.
 

*Applied Physics Doctoral applicants may also submit Official GRE Physics Subject Test Scores

The cost of studying at Columbia University varies largely depending on the type of university and the degree chosen. More often than not, humanities, arts, and education courses are less expensive than degrees in medical, engineering, or management. Furthermore, students who choose to study at the postgraduate level typically pay higher tuition fees, which again vary depending on the programme chosen.

Most universities provide scholarships or financial aid to students in order to help them offset their tuition costs. Students should be aware that additional course fees and incidental expenses may not be included in tuition. On average, international students can expect to pay $54528 annually, to study in Columbia University

MSFE graduates gravitate towards quantitative roles in banks, hedge funds, asset management firms, and ratings and financial services advisory firms. These roles are predominantly in algorithmic trading and trade support, financial modeling and quantitative strategy, portfolio management, valuation, quantitative research, and risk management.