Admissions

Graduate Degree Programs in Financial Engineering

The Master of Science in Financial Engineering (MSFE) degree program is jointly sponsored by the Department of Industrial and Enterprise Systems Engineering (ISE) in The Grainger College of Engineering and the Department of Finance in the Gies College of Business. Graduates from this program receive the MSFE degree awarded by the Graduate College. The MSFE program complements other graduate programs offered by the sponsoring departments. The Master of Science in Financial Engineering (terminal master’s) can be completed in 18 months, beginning in August each year. The second and subsequent semesters allow students the flexibility to pursue specialized tracks within the program, such as data analytics and electronic trading. A corporate-sponsored “practicum”, provides students opportunities to address real world financial modeling problems and provides access to state-of-the-art analytic tools and software products.

Admission

Applicants to the MSFE Program will have a Bachelor’s degree with one year of calculus, one semester of linear algebra and differential equations, one semester of programming (preferably in C/C++), and one semester of probability and statistics. Knowledge of basic finance and economics is helpful but not necessary. Given its technical emphasis, applicants to this program typically will have completed a Bachelor’s degree in an engineering field, mathematics, physics, computer science, or economics that provides sufficient preparation to facilitate a fast-paced, in-depth learning environment.

All applicants are expected to have a minimum grade point average of at least 3.25 (A=4.00) for the last two years of undergraduate study and a 3.50 for any previous graduate work completed. Scores on the Graduate Record Examination (GRE) general test are required of all applicants. GMAT scores will also be considered. 

All applicants whose native language is not English are required to submit TOEFL or International English Language Testing System (IELTS) scores as evidence of English proficiency.  Minimum admission requirements are set by the Graduate College.  Under certain circumstances applicants may be exempt from the TOEFL/IELTS requirement.



Class Profile

The application process is the first step to pursuing an academic path that will create the career you're looking for.  Here's a look at what our new intake looks like.
Class of 2022 - Breakdown Rank
Men: 24  (75%)
Women: 8  (25%)
Average Age: 23
Average GPA: 3.45/4.0
Average GRE Quant: 168
Average GRE Quant Percentile: 92nd
Average GRE Analytical Writing: 3.4
Average GRE AW Percentile: 34th
Average GRE Verbal: 155
Average GRE Verbal Percentile: 66th

Average TOEFL Score:

104
Countries and Regions Represented:

China
United States of America
Taiwan
Thailand
India

Countries and Regions Represented in MSFE