New Weissman-Zicklin Financial Engineering Center Announced – The Ticker


Baruch College President S. David Wu announcement On May 10, the Weissman School of Arts and Sciences and Zicklin School of Business are teaming up to create a new financial engineering center that will build on the school’s master’s program in financial engineering.

“I am delighted to announce the launch of the Financial Engineering Hub at Baruch College,” part of Wu’s statement read. “Our MFE program embodies the best of what Baruch has to offer, grounded in rigorous academics, leveraging New York City’s world-class talents and resources, while providing access to diverse students from around the world. ”

In addition to relying on the financial engineering course of the doctoral school, the cluster will also include new diploma offers for students, including dual degree, executive and non-degree programs, while drawing on the expertise of teachers from both schools.

“Financial engineering uses algorithms integrating mathematics, science, precision and objectivity to analyze and predict markets,” said a Weissman press release declared. “These quantitative methods have become increasingly important with every shock in the market, from the dot-com crash in the 1990s to the stock market crash in 2008, to the economic fallout from the pandemic.”

The Financial Engineering Hub is still in the development phase. Weissman’s acting dean Jessica Lang, co-director of the master’s program in financial engineering and chair of the mathematics department Warren Gordon, and presidential professor Jim Gatheral work there.

“The Hub, as a unit, was designed to bring together the Center for Financial Engineering and several departments, each of which will contribute to its growth and related programs,” said Gordon. The teleprinter in an e-mail declaration. “Baruch’s Hub will be a place of intellectual, academic, community and social exchange, interaction, communication and learning. “

The Financial Engineering Hub will be formally integrated into Zicklin. Its members will include professors from the mathematics, finance and risk management departments proposed by Weissman.

“The Hub will be an intellectual powerhouse, hosting distinguished speakers, panels and student sessions that focus on research, education, recruitment, current students and alumni,” said Gordon. “We expect wonderful opportunities to arise for the Baruch community from this partnership between Weissman and Zicklin.”

For now, the co-chairs and a steering committee of Professors Weissman and Zicklin will be appointed. The committee will monitor progress and changes in the field, suggest changes to the existing curriculum, and help develop new degree offerings.

A Financial Engineering Center open to the public Open up during the fall semester 2021 through the Zicklin School of Business. It will provide networking and partnership opportunities, while being “assisted by an advisory board made up of industry leaders and experts,” according to the Baruch News Center.

“The Weissman School of Arts and Sciences is excited about the opportunity for a closer collaboration with our sister school, the Zicklin School of Business,” Lang said in an email statement to The teleprinter. “Interdisciplinary and collaborative learning and research are at the heart of the WSAS values ​​and mission. The Financial Engineering Hub is a wonderful expression of this and will create more opportunities for engagement in several areas across the college.

The Financial Engineering Hub and Center is just another accolade for the school’s financial engineering master’s program.

Among other things, the program was ranked No. 1 in the United States in the 2021 QuantNet Ranking of MFE programs and No. 2 worldwide in 2021 Risk Quant Finance Master Classification of programs.

Students in the program also participate in international business and financial competitions.

Baruch’s teams ranked first in the Rotman International Trade Competition in 2021, 2020, 2017, 2016 and 2012 and first in the competition of the International Association of Financial Engineers in 2020, 2017, 2016 and 2015.

Additionally, students in the Master of Financial Engineering program who graduated in December 2020 earned an average first-year salary of $ 150,000, plus connection bonuses, at companies such as Credit Suisse Group AG, Goldman Sachs Group Inc., IMC Financial Markets and JPMorgan Chase% Co.


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