Financial Engineering (FE) is a multidisciplinary field integrating financial theory with economics, methods of engineering, tools of mathematics and practice of programming. The concentration is designed to provide training in the application of engineering methodologies and quantitative methods to finance. Students graduating with this concentration are prepared to enter careers in securities, banking, financial management, consulting industries, quantitative roles in corporate treasury, and finance departments of general manufacturing and service firms.
Students who are interested in pursuing the rigorous concentration in Financial Engineering must demonstrate consistent strength in calculus, computer programming, linear algebra, ordinary differential equations, probability, and statistics. Applications to the concentration will be accepted during the sophomore year; students will receive the departmental decision by the summer following the end of the sophomore year. Students may apply online. There is no cap in the number of students accepted into the program.
Please note that in order to be officially considered for the Financial Engineering concentration, we require that you be in good academic and conduct standing with the University. By submitting the application form, you are indicating that you understand this. In addition, your submission provides consent to the Office of Judicial Affairs to release information pertaining to your disciplinary/conduct history to our office.
Undergraduates are strongly recommended to follow the sequence of courses as outlined in the SEAS Bulletin. The prerequisites for this program are courses equivalent to those listed in the first- and second-year program. We encourage all students to take ECON W1105, ECON W2261, COMS W1004/W1007 (JAVA), Data Structures (JAVA), IEOR E3658, IEOR E4307, Linear Algebra, Ordinary Differential Equations, and a pre-professional elective during their first two years. OR:FE majors are required to complete a three-course Technical concentration.
It is recommended that required courses are taken in the semester specified in the Bulletin since later courses will assume adequate preparation.
Furthermore, taking the courses out of sequence may lead to scheduling conflicts. The Department strongly recommends second year students take IEOR E3658 in the Fall and IEOR E4307 in the Spring to fulfill the probability and statistics requirement. IEOR E3608 and IEOR E3106 must be completed by the fifth term. Only students with special academic circumstances may be allowed to take these courses in alternate semesters with the consultation of CSA and Departmental advisors.
If a required elective on the list is not available, it must be replaced by another elective with the written approval of a faculty adviser.