Stevens Institute of Technology - Master in Financial Engineering

I’m currently pursuing the Financial Engineering program at Stevens, and it’s been a fantastic experience so far. The professors are highly knowledgeable and genuinely invested in student success—approachable, responsive, and always willing to help.
The curriculum is rigorous and well-structured, with strong emphasis on technical skills that translate well to real-world financial roles. I appreciated the flexibility in course selection, which allowed me to focus on areas like finance and data science. There are also plenty of research opportunities, and faculty actively encourage innovative, independent projects.
Career development is another area where Stevens shines. From resume building to networking strategies and interview prep, both the Career Center and faculty offer hands-on, personalized support—especially helpful for landing roles in finance or fintech.
While a few courses could be refreshed to align better with current industry trends, overall the program offers a solid foundation in financial engineering. I’d highly recommend it to anyone serious about a career in quantitative finance roles in the industry.

This really is a great program that is constantly improving every year. I am an AMP student, so I accelerated this program in only one year by taking some of these classes during my undergrad in Quantitative Finance at Stevens. The core classes are foundational for a career in financial engineering. All of these classes are extremely helpful for interviews and landing a job. Stevens also requires you to take a few elective classes where you can receive a graduate certificate along with your Master's degree (great talking point in interviews). These elective classes can really add to your experience at Stevens. If you take the right ones for your career path, you can get a lot out of them that can help you secure a job. For example, FE 635 is an amazing class that helped me land a job. I was grateful to take this course because it's rarely offered at Stevens due to not a lot of students registering for the course. This is something Stevens should prioritize to improve this program. Classes like this that give real world experience in the classroom should be pushed to be more available for students to take more often.
One thing Stevens also excels at is career development. They help you from polishing your resume to job interview prep. They also teach you how to network exceptionally.

Faculty and Support
The professors are truly amazing-always approachable, knowledgeable, and genuinely invested in students’ success. They go out of their way to provide guidance, whether it’s for coursework, research, or career advice.

Hands-On Experience with Cutting-Edge Technology
One of the highlights of the program is the hands-on exposure to the latest technology. We have access to high-quality data, as well as powerful hardware like GPUs and Virtual Machines, which is invaluable for both coursework and research projects.

Research Opportunities and Mentorship
There are ample research opportunities, and the mentorship from faculty is top-notch. Professors are supportive and encourage students to pursue innovative projects. I’ve had the chance to collaborate with a diverse group of students-undergraduates, fellow master’s students, and even PhD candidates-from backgrounds including computer science, mathematics, physics, economics, quantitative finance, and various engineering disciplines. This diversity has greatly enriched my learning experience.

Weekly FE Seminars
The program regularly hosts Financial Engineering seminars almost every week during the semester. These feature prestigious guest speakers from both industry and academia, offering invaluable insights and networking opportunities.

Room for Improvement
If I had to mention a drawback, it would be that a few courses contain a small portion of content that feels less relevant or could be updated. However, this is a minor issue in an otherwise outstanding program.

Overall Impression
Overall, I highly recommend this program to anyone interested in Financial Engineering. The combination of excellent faculty, hands-on learning, research opportunities, and industry exposure makes it an amazing choice.

Studying FE as an AMP student; has been a good experience so far. Professors are all highly knowledgeable and willing to help students. I've had chats with most professors about my desired career and what I am doing to get there; they care a lot about how their students will do after the program. However as with everything, there are some downsides, some professors are not great teachers and some classes can feel useless or repetitive. But overall the good outweighs the bad and I would recommend the FE program for an incoming student.

Currently studying FE as an AMP student, have had a fantastic experience so far. Professors are all highly knowledgeable and willing to help students, I come from a theoretical background so seeing direct applications and consistent projects is very encouraging. I've had chats with most professors about my desired career and what I am doing to get there; they care a lot about how their students will do after the program.

Best program. Received good offer after my graduation at citi . Professor Hatzakis one of good professor helps students & also helped me in understanding derivatives which help me in cracking my interview

The coursework is overwhelming, and the professors just read off the slides. What you learn is completely different from what you're actually asked in job interviews. Even the professor in charge of career development admits that you won’t learn anything useful from his class. The heavy workload and assignments take away time you need for job hunting.

The curriculum is completely disconnected from reality — they’re still using slides and assignments from 2016, even in 2025. The school has no resources that can actually help you. I've even encountered people in networking who changed their attitude after hearing about my school.
It’s absolutely not worth paying such high tuition just to waste your time here.

Also, all the positive reviews are solicited — students are asked to leave good reviews on QuantNet.

A very simple question: if all those extra 5-star reviews are real, then why did this school rank lower on QuantNet compared to last year?

BUSINESS IS BUSINESS

1. Focus on Cutting-Edge Quantitative Skills
The coursework focusses on quantitative finance, machine learning, and risk modeling
2. Practical Application
Real-world projects and case studies simulate finance industry challenges. Perfect combo of Math + programming + finance
3. Industry Connections
Proximity to NYC for networking, internships, and Wall Street job opportunities.
4. Research and Labs
Access to Hanlon Financial Systems Lab for hands-on experience with financial data and analytics.
5. Alumni Network
Strong network in finance and fintech supports job placements and career growth.

MS Financial Engineering at Stevens Institute of Technology is where Physics, Mathematics, and Computer Programming intersects with real life applications in Finance. The well balanced curriculum and different concentrations offered provides students with the flexibility to pursue their area of interest quantitative finance without losing track of the fundamental building blocks.

The MFE program at Stevens is an excellent choice for anyone aiming to break into finance. The curriculum is both customizable and rigorous, allowing me to focus on areas like derivatives pricing and risk modeling. Professors go beyond teaching, offering mentorship and connecting students with valuable peers and industry professionals alike. The program’s strong emphasis on relevant, technical skills ensures that graduates are well-prepared to excel in competitive financial roles.

The MFE program at Stevens was very rigorous and flexibility available in the coursework provided options to take on courses based on my area of interests. Location of the school was also quite helpful with easy access to New York which provided networking opportunities.

The Master’s in Financial Engineering (MFE) program at Stevens Institute of Technology has been instrumental in preparing me for a finance career, even as a non-finance student. The curriculum is robust and highly customizable, enabling me to focus on algorithmic trading with courses in market microstructure, trading strategies, and derivatives pricing. Stevens' proximity to New York City provides unparalleled networking opportunities, enhancing the program’s industry relevance.

The faculty's dedication is exceptional, offering not just academic support but career guidance and invaluable industry connections. The capstone project, in partnership with leading financial firms, allows students to apply theoretical knowledge to real-world challenges, bridging the gap between academia and practice. Through my own project, I developed an algorithmic trading model, a hands-on experience that showcased the program's commitment to practical learning.

Stevens’ MFE program offers access to essential financial databases like Bloomberg and Refinitiv, a significant advantage for quantitative research. The program's focus on current market trends, the faculty’s industry expertise, and a strong alumni network contribute to its high ROI, making it a competitive choice for aspiring financial engineers. For those ready to put in the work, Stevens MFE is an outstanding investment.

The MFE is world-class, providing students with industry-relevant knowledge and strong career preparation. What sets Stevens apart is the personalized attention from faculty, who go beyond teaching by offering career guidance and industry connections. Courses are aligned with current market trends, and the FE800 project, in partnership with leading financial firms, offers hands-on experience in real-world innovation. Graduates leave well-equipped for success, with the tools to thrive in top financial roles.

The Master’s in Financial Engineering (MFE) program at Stevens Institute of Technology is a fantastic option for those looking to break into finance, even from a non-finance background, like myself as part of the Class of 2024. The program offers a customizable curriculum that I tailored for an algorithmic trading role, with courses in market microstructure, algorithmic trading strategies and derivatives pricing. Despite the challenging coursework, the program is designed to build a strong foundation for students from various fields, with professors offering support to bridge knowledge gaps. One of the most exciting aspects was the Capstone project, where I developed an algorithmic trading model, allowing me to apply finance theory and coding skills to a real-world problem. Overall, the Stevens MFE program not only prepares you with the technical and analytical skills needed for roles like algorithmic trading but also provides excellent career support to help you succeed in the competitive finance industry.

The Stevens Institute of Technology's Master in Financial Engineering program is outstanding and deserves recognition alongside the top MFE programs in the country. The core curriculum, which includes subjects such as advanced derivatives, computational methods in finance, stochastic calculus, and portfolio optimization, provides comprehensive knowledge, skills, and tools essential for a career in quantitative finance and financial engineering. A wide range of elective courses allows students to delve into specific niches and topics that align with their interests and passions. The instructors and program directors have impressive credentials and are dedicated to helping students master challenging concepts while preparing them for professional success. For anyone passionate about financial engineering and aiming to excel in the field, Stevens Institute of Technology is an ideal choice.

Stevens' MFE program offers a solid academic foundation, with knowledgeable faculty who bring valuable industry experience. The coursework is challenging, but the capstone projects stand out as an effective way to apply classroom knowledge to real-world situations, making the learning experience more practical and rewarding.

The proximity to NYC provides excellent access to networking opportunities and top firms. Overall, it’s a well-rounded program and a strong investment for those pursuing a career in finance.

Coming from an engineering and non-finance background, this program prepared me to dive into the quantitive side of finance. The courses are of high quality and the faculty is a highly skilled team, including professors directly from the industry who bring practical insights and relevance to the classroom. The program also provides access to valuable financial databases like Bloomberg and Refinitiv at no cost which are essential resources for research.

The Stevens Financial engineering curriculum is one of the best in the world. Before joining Stevens, I knew nothing about finance. Today, after my graduation, I am well prepared for a successful career in finance.

One thing that stands out at Stevens is the personal touch and attention given to students, and every professor will take the time to explain concepts, guide you with your career decisions, and connect you with industry professionals to jumpstart your career.

I believe that the subjects are up to date with the industry trends, and a big example are subjects like the Capstone project, where you partner with a bulge bracket bank to work on innovative projects. If you take all the information given to you seriously, there is nothing stopping you to be one of the best professionals on wall street.

I cannot speak highly enough about the Stevens MSFE program. I graduated in May 2023. The program continues to pay dividends and connect me with successful and genuine graduates. This program is certainly on the uptrend and will not change direction any time soon.

The online part time program allowed me to complete the MSFE almost under 2 years while working full time and focusing on the content. This allows for a very high ROI in the New York City area.

The program leaders Prof. Hatzakis and Prof. Florescu care about the students. I had the opportunity to take two elective courses with practitioners from Bank of America (FE 571) and Nomura (FE 635). These projects introduced me to concepts such as various hedge fund strategies and FX Derivative trading. Also, the culmination research project with Prof. Florescu allowed for in-depth research on a topic of mutual selection (FE 800). Prof. Florescu is an expert in data analytics, AI & ML. You will learn from a great mentor. The projects are practical and carry weight during interviews. ALL professors are highly qualified and care about the student outcomes.

My experience at Stevens unlocked job opportunities in a tough labor market. One recruiter specifically searched for my degree at Stevens. Those who put in the work in this program will not be disappointed with the results!

I graduated with a Master's in Financial Engineering from Stevens Institute of Technology, and it has been instrumental in shaping my career in the finance industry. The program's curriculum is exceptionally well-designed, integrating theoretical knowledge with practical applications. Core courses like Stochastic Calculus for Financial Engineers (FE 610), Pricing and Hedging (FE 620), and Portfolio Theory and Applications (FE 630) provided a robust foundation in quantitative finance and risk management, crucial for my role as a Credit Risk Analyst and Quantitative Analyst.

The professors at Stevens go above and beyond to support their students, combining academic rigor with real-world industry experience. Their mentorship has been invaluable, offering personalized guidance that helped me navigate the complexities of the finance sector. Courses like Advanced Derivatives (FE 680) and the Project in Financial Engineering (FE 800), which often involve industry collaborations, were particularly beneficial in applying classroom concepts to real-world scenarios.

Stevens Institute of Technology is renowned for its strong connections to the finance industry, especially given its proximity to New York City. This location advantage, combined with excellent career services, facilitated numerous networking opportunities, internships, and job placements with top-tier firms. The university's reputation as a leading institution for financial engineering is well-deserved, providing a platform that effectively bridges academic learning with industry practice.

I would like to extend a special thanks to Professor Emmanuel Hatzakis, Industry Professor and Director of Finance & Financial Engineering at Stevens. His dedication to his students is truly remarkable. Professor Hatzakis consistently went above and beyond, offering invaluable support and guidance tailored to each student’s individual needs. His commitment to fostering a nurturing and challenging learning environment has made a profound impact on my educational journey and professional development. I am incredibly grateful for his mentorship and unwavering support.