Master of Science in Financial Engineering
ADMISSION INFORMATION
The Master of Science in Financial Engineering at Polytechnic Institute of NYU is very highly selective. All applicants must present transcripts from all colleges and universities they have attended as well as either GRE (Graduate Record Exam) or GMAT (Graduate Management Admission Test) test scores; there are no exceptions to this rule. Applicants who have undergraduate marks averaging above a 3.0 or a master’s degree and also have a GRE or GMAT quantitative percentile score above 80 are considered for admission. Completed applications must be received by Polytechnic by April 1 for consideration for the fall semester or by October 15 for consideration for the spring semester.
For the GRE or GMAT, the institution code is 2668, a department code is not necessary. Additionally, the applicant must have sufficient proficiency and aptitude in mathematics. This may be demonstrated by grades earned in relevant course work and/or standardized examinations. This criterion is not entirely objective and will be established by the Academic Director.
Applicants who meet the above criteria are by no means guaranteed admission. Each fall, 75 new students begin study in our department; 25 begin each spring. This number of applicants is accepted into the MS FE and certificate programs while other qualified applicants are placed on a waiting list. If admitted students do not decide to submit deposits to hold their places in a timely manner, their class seats will be forfeited and students from the waiting list selected to take their places.
Two letters of recommendation are also required for admission. The student also must demonstrate a proficiency in the English language as measured by verbal scores on the GRE or GMAT or successfully complete a series of ESL courses in order to commence formal study.
The Graduate Certificates associated with Financial Engineering Program have the same application requirements and prerequisites as the Master of Science Degree.
Applicants requesting admission for study only in a particular course or group of courses are given Special or Visiting Student Status status, which permits registration, generally for a limited duration, in those courses indicated by the approval of admission. Registration is limited to six credits per semester. If additional courses are desired after the end of the specified period, a new admission request must be filed through the admissions office. Special Status students who later apply for and are accepted to the Master’s or certificate program may transfer up to nine credits taken while on Special Status. Special Status students are expected to complete the GRE or GMAT exam before applying for admission to MS FE or any associated Graduate Certificate. The GPA earned as a Special Status student will be used as part of the admissions decision in place of the undergraduate GPA.
Individuals interested in applying for admissions to either the Master of Science in Financial Engineering or the Graduate Certificate Program please visit the Graduate Admissions web page. The site has a downloadable application and information on tuition and financial aid.
If you are unable to download the application, please contact the Graduate Admissions office. The Financial Engineering program has a rolling admission schedule.
If you have already applied to the Financial Engineering program, please contact Graduate Admissions at 718-260-3200 to check on the status of your application.
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