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QS Rank:

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16

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Cornell University

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New York

United States

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Program Rank

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7

The MEng in Operations Research and Information Engineering - Financial Engineering program at Cornell University is a meticulously crafted curriculum that provides students with an in-depth understanding of the principles and applications of financial engineering. This innovative program equips students with the analytical and quantitative skills essential for solving complex financial challenges using advanced techniques in operations research and information engineering. With the rise of data-driven decision-making in the financial sector, the significance of this program is increasingly recognized.

The program focuses on an interdisciplinary approach that blends finance, mathematics, statistics, and computer science. Students engage with a comprehensive curriculum that includes courses such as Financial Risk Management, Investment Strategies, and Data Analytics for Financial Applications. Each course is designed to provide both theoretical foundations and practical applications that are critical in today’s fast-paced financial environment. The curriculum emphasizes real-world problem-solving through hands-on projects and case studies that prepare students for immediate contributions in their careers.

Faculty members involved in the program are recognized experts in their fields, bringing a wealth of knowledge and experience to the classroom. They employ a unique teaching methodology that combines lectures, interactive discussions, and collaborative projects, fostering an engaging learning environment. In addition, faculty members encourage research and innovation, guiding students through various research opportunities that are available within the university. This mentorship not only enhances the academic experience but also prepares students for leadership roles in their future careers.

Research opportunities abound at Cornell, where students can participate in cutting-edge projects that address real financial challenges. The university is equipped with state-of-the-art facilities and resources, allowing students access to the latest tools and technologies in financial engineering. This support empowers students to engage in meaningful research that has the potential to influence the financial industry significantly.

Beyond academics, Cornell University leverages its strong connections with industry leaders, opening doors for internships and job placements. The university hosts career fairs, networking events, and workshops that connect students with top employers in the financial sector. These opportunities not only enhance students' resumes but also provide them with invaluable insights into industry trends and demands.

Graduates of the MEng program in Financial Engineering are highly sought after by employers. The program boasts an impressive job placement rate and an attractive median base salary of around $110,000 per year. Alumni have successfully secured roles as Software Engineers, Financial Engineers, Quantitative Analysts, and many others in prestigious organizations worldwide. Their success stories reflect the program's commitment to nurturing top-tier talent and fostering a supportive learning community.

Why Study Operations Research and Information Engineering - Financial Engineering at Cornell University

  • A prestigious program ranked among the top in the world, ensuring high-quality education and recognition.
  • Access to a diverse international student body, enriching cultural and academic experiences.
  • Expert faculty who are leaders in the field, offering valuable insights and mentorship.
  • Comprehensive support for research work, with access to high-end laboratories and resources.
  • Strong focus on practical learning experiences, including internships and real-world projects.
  • Excellent career services, facilitating connections with top-tier employers in the financial sector.
  • A thriving alumni network that provides ongoing support and opens doors for career advancement.

The program has specific prerequisites to ensure that all incoming students are well-prepared for the rigor of the coursework. Applicants must hold a Bachelor’s Degree in a relevant field, such as finance, mathematics, engineering, or computer science. A minimum GPA of 2.7/4 is expected, demonstrating a solid academic foundation. Additionally, international students are required to submit IELTS scores, with a minimum band score of 7.0, while TOEFL scores can also be submitted if needed.

Interested candidates should be aware that the application process involves several requirements, including a completed application form, transcripts from previous educational institutions, a resume, and letters of recommendation. The application fee is set at $105, and the deadlines for submission are critical; for the Fall intake, the deadline is December 1, while the Spring intake deadline is October 1.

Overall, the MEng in Operations Research and Information Engineering - Financial Engineering at Cornell University stands as a beacon of excellence, ready to prepare graduates for meaningful careers in the financial engineering landscape. With an emphasis on practical skills, robust academic foundations, and strong industry connections, this program provides a transformative experience that cultivates not only knowledge but also confidence and leadership capabilities in its graduates.

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Total Tuition Fees

$90,000

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Duration

18 Months

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Median Salary

$1,10,000

Ranking

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#17

US World and News Report

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#20

The World University Rankings

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#16

QS World University Rankings

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Intake

Fall ( Sept - Nov )

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Spring ( Apr - June )

Class Profile

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Class Size

28

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Average Age

25

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Average Work Experience

1 Years

Diversity

California:

15%

Illinois:

5%

Texas:

10%

Florida:

4%

New York:

20%

Others:

46%

Career Outcomes

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Median Earnings After Graduation

$1,10,000 / year

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Graduation Rate

95%

Prospective Job Roles

Software Engineer

Financial Engineer

Investment Banker

Quantitative Analyst

Risk Analyst

Data Scientist

Actuary

Analyst

Consultant

Operations Research Analyst

Director of Financial Aid

Financial Analyst

Financial Planner

Financial Manager

Financial Controller

Top recruiters

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Eligibility Criteria

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Accepted fields include Financial Analyst, Financial Planner.

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At least 2.7 / 4 undergraduate GPA is expected.

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At least 15 years of bachelor degree.

English Proficiency Tests

  • TOEFL

    100

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  • IELTS

    7

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Application Requirements

Here's everything you need to know to ensure a complete and competitive application—covering the key documents and criteria for a successful submission.

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Application Fee: 105

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    Transcript

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    GRE

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    Passport

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    Resume

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    IELTS

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    Class 12 Marksheets

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    Academic LOR

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    Class 10 Marksheets

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    Professional LOR

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    Interview

Application Deadlines

Standard Deadline
SpringOct 1, 2024
FallDec 1, 2024

Fees and Funding

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Tuition Fees

$60,000 / year

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Overall Cost

$75,000 / year

Funding Options

External Sources - Scholarships

Department Funding

To apply, submit a complete application for admission within a few weeks of the priority deadline for best results.

Scholarships

The Cornell University School of Operations Research and Information Engineering offers a number of scholarships and financial aid opportunities for students pursuing a master's degree in Operations Research and Information Engineering-Financial Engineering. These scholarships are based on academic merit, financial need, and other criteria.

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    American Institute of Aeronautics and Astronautics

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    Institute of Electrical and Electronics Engineers

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    Cornell University

FAQs

  • A student can complete Operations Research and Information Engineering- Financial Engineering at Cornell University with in 18.

  • The deadline to submit an admission application for Operations Research and Information Engineering- Financial Engineering at Cornell University is Application deadline Spring (Standard Deadline) - date - 15/09/2023 ,Application deadline Fall (Standard Deadline) - date - 01/12/2023

  • The application fee to pursue Operations Research and Information Engineering- Financial Engineering at Cornell University is USD 105 for international students.

  • The annual tuition fee to pursue Operations Research and Information Engineering- Financial Engineering at Cornell University is USD 62456.

  • The Operations Research and Information Engineering- Financial Engineering at Cornell University has 3 semesters.

  • The submission of these scores mainly depends on the type of degree/ course selected at the Cornell University. For example, the GMAT test is required to take admission to an abroad graduate management program, the LSAT is required during an abroad Law School admission process, and more. Therefore, check Cornell University requirements before submitting a score.

  • Operations Research and Information Engineering- Financial Engineering can help Indian/ international students gain: 1. Quality and Practical Education 2. Global Recognition 3. International Exposure 4. Amazing Job Opportunities 5. Experience of Lifetime and more

  • If a student fulfils all the eligibility criteria and admission requirements of Cornell University, they can easily pursue Operations Research and Information Engineering- Financial Engineering. The basic eligibility criteria include the following: 1. A GPA above 3 2. Well-written Statement of Purpose 3. An impressive Letter of Recommendation 4. A Work Experience Certificate (if required) 5. A Statement of Financial Proof 6. Academic Transcripts 7. Valid Visa, etc.

  • An MS degree at Cornell University can usually be completed in 2 years. However, many universities offer a 1-year master’s specialisation as well. You can explore the official Cornell University website to check the course/ degree duration.

  • One can apply for scholarships to pursue their international education at Cornell University by: 1. Looking for country-specific scholarships by contacting the specific scholarship institutions. 2. Applying to or finding out if any subject-specific scholarships are available from the university website/ department.

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