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We're thrilled and proud to announce the opening of a cutting-edge Financial Engineering Hub at Baruch College. It will be jointly run by the Weissman School of Arts and Sciences and the Zicklin School of Business.
Weissman and Zicklin faculty will develop dual-degree, executive, and non-degree programs for the Hub. A public-facing Center for Financial Engineering will also open in the fall at Zicklin, guided by industry leaders to provide partnership and networking opportunities.
The Hub is designed to serve as a resource for intellectual and professional advancement for industry professionals as well as for Baruch students and alumni. Baruch MFE graduates are already highly competitive in the job market: December 2020 grads averaged $150,000 in first-year salaries (plus sign-on bonuses) at institutions like Credit Suisse, Goldman Sachs, IMC Trading, JPMorgan, and Squarepoint Capital.
Baruch’s MFE students have also repeatedly won trading and financial competitions, placing first in the Rotman International Trading Competition in 2021, 2020, 2017, 2016, and 2012, and first in the International Association of Financial Engineers competition in 2020, 2017, 2016 and 2015.
The Hub will keep Baruch in the vanguard of a field that has become essential to global finance. Financial engineering uses algorithms incorporating math, science, precision, and objectivity to analyze and predict markets. These quantitative methods have become increasingly important with every shock to the market, from the dot-com crash in the 1990s, to the stock market collapse in 2008, to the economic fallout from the pandemic.
We look forward to this initiative unfolding under the leadership of Weissman Interim Dean Jessica Lang, Baruch MFE Co-Director and Mathematics Department Chair Professor Warren Gordon, and the rest of the Baruch MFE faculty, including Presidential Professor and 2021 Risk Quant of the Year Jim Gatheral.
