Stevens Institute of Technology

Programme overview

This is an accelerated, jointly-coordinated program in which students begin full-time study at NMIMS and then continue full-time in Stevens’ Financial Engineering curriculum. Over five years students complete the requirements that lead to a Bachelor of Technology from NMIMS and an M.S. in Financial Engineering from Stevens.

What you'll study

The Stevens M.S. core emphasizes computational finance, portfolio construction and fixed‑income and credit products. Core courses include:

• FE 621 Computational Methods in Finance — industry-focused numerical and simulation methods for forecasting, asset pricing, hedging, portfolio and risk assessment using modern software tools.
• FE 630 Portfolio Theory and Applications — modern portfolio theory, optimization techniques, contingent investment decisions and Value‑at‑Risk methods for practical risk management.
• FE 680 Advanced Derivatives — fixed‑income instruments and interest‑rate models, swaps and swaptions, Heath‑Jarrow‑Morton models and credit derivatives such as CDSs and CDOs.
• Research/project option: choose either FE 800 Project in Financial Engineering (three‑credit supervised project with a technical report) or FE 900 Master’s Thesis in Financial Engineering (minimum six credits).

Students also select three electives (500‑level or above) across BIA, CS, FE, FIN, MA, MGT or MIS when prerequisites are met. Example electives listed by the program include:

• FE 511 Introduction to Bloomberg & Thomson‑Reuters — market data sources, Bloomberg terminal use and certification, and basics of applied statistics.
• FE 515 Introduction to R — R programming applied to financial data and analysis.
• FE 514 Financial Lab: VBA in Finance — VBA programming within Excel for front‑office financial applications.
• FE 541 Applied Statistics with Applications in Finance — applied statistical methods including maximum likelihood, regression, multivariate analysis, bootstrap methods and risk measures with financial applications.

Entry requirements

Students enroll full‑time at NMIMS in the program’s initial year (noted as 9 credits at NMIMS) and then transfer to full‑time study in Stevens’ Financial Engineering coursework (21 credits) as part of the coordinated five‑year plan. The published material does not list additional admission criteria or prerequisite GPA/test scores.

Career prospects

The curriculum targets quantitative roles that blend computing, statistics, economics and mathematics. Graduates are prepared for “quant” positions on trading desks, risk management, portfolio analytics and model development where coding ability and financial modeling are in demand, particularly in markets and large interconnected financial organizations.

Scholarships & funding angle

The source text does not specify scholarships or funding for this coordinated program. Prospective applicants should consult the institutions’ admissions and financial aid offices for available scholarships, assistantships or tuition information.