MS in Financial Engineering (STEM), Claremont Graduate University

Claremont, California

12 Months

Check Eligibility

About this course

The MS in Financial Engineering at Claremont Graduate University is designed to integrate mathematics and finance with the latest computational developments. As a pioneering program in California, it emphasizes foundational skills for industry success while embracing current innovations like machine learning. The curriculum covers tools from applied math, statistics, and economic theory, translating them into software programs and strategic decision-making skills. The program prepares students for careers in portfolio management, risk management, and related financial services, with small class sizes that promote personalized teaching and learning. The program is fully in-person, lasting one year full-time, with flexible start times in spring, summer, and fall. Graduates are well-equipped to navigate complex financial products and leverage modern technology in finance.

Why this course is highly recommended

This program ranks among the top financial engineering programs nationally, offering excellent preparation for careers in various esteemed financial institutions such as Goldman Sachs, Barclays, Blackrock, and others. Its STEM designation allows international students to apply for extended OPT work authorization in the U.S., providing valuable industry experience. The small class sizes and expert faculty ensure personalized guidance, making it ideal for students seeking a specialized, industry-focused education in financial engineering.

Specialisation

The program focuses on financial engineering with areas of expertise including risk management, derivatives, asset management, and financial information systems. Students learn from experienced faculty and practitioners with research in these fields, gaining practical experience through clinics and mentorship programs. Electives like asset management and machine learning for asset pricing allow students to tailor their studies to specific interests within financial engineering.

Course fees

Application fees

1st year tuition fees

53.76L

Living cost

Degree requirements

To complete the MS in Financial Engineering, students must earn 32 units, consisting of 24 required courses and 8 elective units. Applicants should have completed college-level multivariable calculus and linear algebra with at least a B grade. Additionally, proficiency in programming languages such as C, C++, Java, Visual Basic, or Matlab is recommended. Admission requires submission of official transcripts, a statement of purpose, a resume, and two letters of recommendation. International students must demonstrate English proficiency through tests like TOEFL, IELTS, or Duolingo unless qualifying for an exemption.

English language test

DUOLINGO

IELTS

TOEFL

PTE

Career prospects

Graduates of the MS in Financial Engineering go on to leadership roles in top financial firms globally. Alumni have secured positions at institutions such as Goldman Sachs, Capital Group, Blackrock, Barclays, and Western Asset Management. The program’s industry-oriented curriculum, combined with practical clinics and mentorship, prepares students for positions in portfolio management, risk analysis, derivatives trading, and financial technology companies.

FAQs

What is the duration of the MS in Financial Engineering?

The program is designed to be completed in one year, full-time.

Are international students eligible for work authorization after graduation?

Yes, the program is STEM designated, allowing international students to apply for up to 36 months of OPT work authorization.