Masters Program in Financial Engineering

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Frequently Asked Questions
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1. What is the acceptance rate for the program?

The admission rate for Fall 2007 admission was 14%. For more information, see the Admission Statistics page.

2. What amount of funds must I show on my financial statements to obtain my I-20 from Baruch International Student Service?
As stated on its website, you will need to show available funds of at least $57,800. For more information, please see the ISSC website.
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3. Are any loans available to international students ?
According to the ISSC website, there are several loans for which international students may apply. A detailed listing is available here
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4. How many students do you admit in your program?
We do not have a quota for admission, and we do not have a quota for enrolled students. We admit as many students as we believe have a good chance of being successful in the program, meaning that they will graduate from the program and find a job in the financial industry. The enrollment numbers might vary from year to year; see the Admission Stats page for more details.
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5. I would like to know what GRE or GMAT scores are you requiring or looking for?
The test scores and GPAs of the students admitted to the program in previous years can be found on the Admission Stats page. Note that we look at every application as a complete package, which includes not only the quantifiable parts, such as the GPA and the test scores, but also the personal essay, the letters of recommendation, and other general considerations, such as relevant work experience and the strength of the mathematical and C++ programming background of the applicant.
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6. What GPA is considered competitive for admission?
See the answer to the question above.
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7. Do you accept both GRE and GMAT scores?
Yes, we do. However, we prefer you take the GRE, if you did not take the GMAT just yet.
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8. What are the Baruch code for GRE/GMAT/TOEFL tests?
For GRE/GMAT, use 2012. For TOEFL, use 8272
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9. I am a full-time employee at a large New York investment bank, how long would I have to complete the program or is there no time limit?

We encourage our students to graduate as quickly as possible. Usually, part-time students graduate in five semesters. The time limit within CUNY is five academic years from the semester you started the program.

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10. What prerequisites do you require for admission to your program?

Two semesters of Calculus, one semester of Probability, one semester of Linear Algebra, programming knowledge (preferably C++), as demonstrated by one undergraduate class, having a certificate degree, or work experience, and knowledge of finance, as demonstrated by one undergraduate class or work experience.

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11. Can I still apply for admission, even if I do not fulfill all the prerequisites?
Yes. When evaluating the applications, we look for candidates who are able to successfully complete the program. If you lack some of the prerequisites, but we believe that you are otherwise a good candidate for admission, several options are available to you before starting the program in September: you can take undergraduate level courses in these areas (either at Baruch, or at other schools) during the academic year before the target enrollment date, or you can take some of the refresher courses offered by our department during summer. For more details, see the Refresher Courses page.
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12. What are the refresher courses?

Some applicants are admitted to the program because they are deemed to have the potential to succeed in the program but lack some prerequisites. To bring them up to speed in all areas, they will be required to take some refresher courses before the start of the program. This year, we will offer refresher courses in C++, Advanced Calculus, Probability, and Linear Algebra. These courses will focus on topics to be examined in greater detail in the program, and will cover a number of challenging financial applications. The refresher courses are taught by faculty who teach the graduate courses in our program. For more details, see the Refresher Courses page.

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13. Do you have Spring admission into your program?
No, for the following reason: every incoming student must take at least one of the following two core math courses in the first semester of study: either MTH 9821 Numerical Linear Algebra or MTH 9831 Real Analysis and Probability. But these two courses are each the first in a sequence and are only offered in the Fall.
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14. Where can I find more information about your program?

You should visit the QuantNetwork Website at www.quantnet.org. It is the official website for students in our program. We strongly encourage you to ask questions on the forum. We recommend prospective students to take a look at the Baruch wiki entries on Quantnet and its extensive list of questions and answers.

The Baruch wiki is at www.quantnet.org/wiki/Baruch
The Baruch FAQ is at www.quantnet.org/wiki/Baruch_FAQ
 

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15. Is there someone that I may speak to regarding this program?

Your first point contact is Ms. Cathy Levkulic, from the Graduate Admissions Office;
phone: (646) 312-4493;
email: Cathy_Levkulic@baruch.cuny.edu.
If need be, Ms. Levkulic will refer you to a faculty member to answer your questions.

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