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Why Study Financial Engineering at NJIT?
NJIT is about 50 minutes from the Wall Street Financial District in lower Manhattan by Newark Light Rail and Path. New York is the premier global financial center with a population of about 25 million within commuting distance of the city. NJIT is a technological university that can provide a program in financial engineering for those who want to advance their careers with an increase in their knowledge of finance, particularly financial engineering. Mechanical, electrical, chemical, civil engineering, actuarial and mathematics students already at NJIT who are attracted to the higher level of compensation on Wall Street can also benefit from a Financial Engineering degree. In the metropolitan area, a program located in Newark is particularly convenient for people currently working, studying or living in New Jersey.
MS in Financial Engineering
More and more Wall Street, money-management and insurance firms are hiring graduates with an MS in financial engineering. Not surprisingly these jobs pay well and have up-side potential. Of course, getting one of these jobs is quite competitive. Which is why getting an edge in this competition by studying financial engineering and getting an MS in the field can be a good investment. If you like and you are good at mathematical subjects your career may be in financial engineering.What will I learn?
You will learn how to price and control the risk of equity, fixed income, commodity, foreign - exchange and credit derivatives. You will learn how to apply statistical techniques to financial time-series. You will gain experience writing code for financial applications in Mathematica, Matlab and C++, and you will complete a project suggested to you by people already working at a financial firm. This project will be, along with your resume and MS degree, your calling card when you interview with hiring managers.
How can I learn more?
- Download the brochure on the MS in Financial Engineering program (170 KB, pdf)
- Attend a graduate Open House
- Request info from our Graduate Admissions Office
- Email Larry Eisenberg, Associate Professor of Finance, at larry.eisenberg@njit.edu