NYU Tandon’s financial engineering program ranked among


Brooklyn, New York, February 05, 2020 (GLOBE NEWSWIRE) – Two adjudicators in quantitative finance education this week ranked the NYU Tandon School of Engineering among the best master’s programs.

The Guide of the Master Quant Finance 2020, edited by Risk.net, placed New York University’s Tandon School of Engineering fifth in the world, an eight-place jump from last year. Risk.net, one of the leading financial publications, measured factors such as graduate salaries, employment rate, program selectivity, student-lecturer contact hours, and faculty research.

In addition, TFE time ranked NYU Tandon as the third best master’s program in financial engineering of 2020, up from four last year. NYU’s Tandon program – the first to be certified by the International Association of Financial Engineers – has already been ranked ninth by QuantNet, an online resource for the financial industry. In that report, NYU Tandon has climbed seven positions over the past five years.

The rankings reflect a restructuring of training offerings at NYU Tandon under the leadership of professor and department chair Peter Carr, who is ranked second in the world by Google Scholar in citations in quantitative finance, second in derivatives and fifth in financial engineering. The faculty of the department also includes renowned economist and author Nassim Nicholas Taleb, ranked first in the world in Tail Risk citations, third in quantitative finance and sixth in financial engineering. Carr and Taleb generated most of their quotes while working in the financial industry as a quant and trader, respectively. Such a high number of citations is very unusual for practitioners, rather than for pure academics.

Under Carr’s leadership, NYU Tandon’s finance and risk engineering department has been particularly responsive to the global demand from financial institutions and insurance companies for machine learning expertise, adding more than a dozen courses on artificial intelligence in recent years. Other cutting-edge courses focus on cryptocurrencies, blockchain, sophisticated modeling, and information technology such as automated differentiation and cloud computing, computer finance, algorithmic finance, and risk finance. The department offers several courses through Coursera, as well as short specialist courses taught by leading industry practitioners.

The department offers professional training and networking events, as does its dedicated Career Placement Manager, Sara DeLusant, whose experience includes managing recruiting at Morgan Stanley’s quantitative finance campus. Eighty-six percent of NYU Tandon’s financial engineering students are employed within three months of graduation, with Risk.net reporting an average starting salary of $ 92,000. The department offers professional training and networking events, as well as a dedicated career placement officer whose experience includes managing quantitative recruiting on the Morgan Stanley campus.

“Our latest rankings – and the upward trend they represent – confirm the high caliber of our faculty, many of whom have decades of experience as industry leaders, as well as drive and intelligence. of our students, ”Carr said. “We are proud to prepare them for highly sought after careers in quantification, risk and technology, and we are confident that we will continue to attract even more talent to the department. “

“We are delighted to see the Department of Finance and Risk Engineering recognized as a global powerhouse in financial engineering,” said Jelena Kovačević, Dean of NYU Tandon School of Engineering. “They are pushing the boundaries in the field, creating a fertile training ground for the next generation of experts and shaping the future of the industry.

About New York University Tandon School of Engineering

The NYU Tandon School of Engineering dates from 1854, when the New York University School of Civil Engineering and Architecture and the Brooklyn Collegiate and Polytechnic Institute (widely known as Brooklyn Poly) were founded. A January 2014 merger created a comprehensive school of teaching and research in engineering and applied sciences, rooted in a tradition of invention and entrepreneurship and dedicated to the advancement of technology in the service of society. In addition to its main location in Brooklyn, NYU Tandon collaborates with other schools within NYU, one of the nation’s leading private research universities, and is closely linked to the engineering programs of NYU Abu Dhabi and NYU Shanghai. . It operates Future Labs focused on start-up companies in Brooklyn and an award-winning online graduate program. For more information, visit http://engineering.nyu.edu.


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