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Financial Engineering Concentration and Cornell Financial Engineering Manhattan (CFEM)

ONLINE INFO SESSION:  View our webinar recording from Friday, November 10th, 2017 to learn about Cornell's M.Eng. program in Financial Engineering  https://cornelluniv.adobeconnect.com/pt247ll5x0s6/

The School of Operations Research and Information Engineering offers a Master in Engineering with Financial Engineering Concentration. This is an MEng degree offered in Ithaca, however, students complete their required coursework on both Ithaca and New York City campuses (APPLY HERE).

Program Highlights:

  • New!  Flexible curriculum – students chose from three modules to accommodate their background and professional goals (link to Handbook)
  • Integrated hands-on education, real-life financial engineering projects, and practitioner-led coursework
  • Dedicated Manager of Career Development – professional development assistance throughout your time at Cornell

The ORIE MEng with Financial Engineering Concentration (MFE) prepares students for challenging and demanding careers in the financial industry. Students enrolled in MFE spend their first two semesters in Ithaca (Fall and Spring) and the third semester at Cornell Financial Engineering Manhattan (CFEM).  Figure 1 provides an illustration of the MFE structure.

Figure 1. ORIE MEng FE Concentration Schematic

 

CFEM Semester Breakdown

The curriculum is designed to balance a theoretical education with practical applications.  It allows students to focus on a variety of quantitative techniques and their application in trading, asset management, and risk management. In 2017, we revamped our curriculum to offer students the utmost flexibility to select courses that fit their backgrounds and career goals. Students are required to take a certain number of credit hours from three modeling and data science modules in order to complete their ORIE Core Requirements as well as additional courses from the Financial Applications module in order to complete their financial engineering concentration (Figure 2). While the selection of qualifying courses in each module is broad, each course is strategically hand-picked across various departments to offer students the knowledge sought after in the field of quantitative finance. For specific qualifying courses, please see ORIE MEng Handbook pages 6-7 for ORIE Core and pages 11-12 for Financial Applications here. Please also note that these requirements are a minimum of what students need in order to receive their degree. There is a wealth of coursework offered on Ithaca campus and at CFEM for students to strength their preparation for their careers.

Figure 2. ORIE MEng FE Concentration Requirements Schematic

MEng FE Concentration Summary

After their first year at Cornell, our students spend their summers working at leading investment and financial institutions. Over the past years, our program has achieved 100% placement rates for summer internships, with the majority of internships located in the USA (link to placement pages).

All of our students finish their studies at Cornell Financial Engineering Manhattan (CFEM) during their third semester, where the emphasis shifts to a practitioner-led curriculum and semester-long project work sponsored by a variety of financial institutions. Please navigate through the menu on the right to learn more about CFEM and our practitioner-led curriculum and projects.

Throughout their tenure at Cornell, our students are engaged in professional development and closely work with our dedicated Manager of Career Development to prepare them for their summer internships and full-time employment. You can find more information about our professional development program and placement reports here.