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MS in Financial Engineering USA (top colleges, admission procedure, fees, career)

The MS in financial engineering program at Columbia

University is one of the most highly ranked programs in the country. Admission is highly competitive with the student entering the program needing a solid mathematical background in probability, calculus, and linear algebra. Tuition and fees will come to $57,000 for the one-year program. The Columbia University, financial engineering program, offers an excellent location in the financial capital of the world. Students can secure internships and work on a part-time basis during the academic year. Upon graduation, students commonly find themselves in algorithmic trading and trade support.

University of California - Berkeley Financial Engineering

Applications are accepted year-round, and up to 68 students are enrolled each year. In addition to a four-year degree, prospective students must be familiar with computer programming (C, C++) and have experience with statistical and econometric applications like SAS, Gauss, and S-Plus. A strong quantitative background is recommended with courses in linear algebra, multivariate calculus, numerical analysis, differential equations, advanced statistics, and probability. The total cost of attendance for the academic year 2015-2016 is set at $105,000. The breakdown is as follows. University tuition and fees - $65,000; University health insurance - $4,200; estimated living expenses - $34,000; Estimated Books and Supplies - $2,500. Berkeley MFE alumni have gone on to rewarding positions in top firms in the world's premier financial markets such as New York, London, and Tokyo.'
Ref: http://mfe.berkeley.edu/admissions/index.html

University of Michigan - MS in Financial Engineering

The UMich financial engineering program prepares students for a career with a skill set spanning finance, math and computer programming. There are some technical requirements for the program, and so engineers, physics and math majors along with computer programming specialists are expected to thrive.

If you have an engineering or math background, then this program is well suited for you as it educates a student in finance and computational skills. Tuition for the MS in financial engineering program is set at $64,000. Expect to work with data, statistics, and financial theory. There are rewarding career opportunities in energy, financial services, banking, risk management, wealth and asset management, hedge funds, commodities trading and even startups.

University of Illinois - MSFE

Tuition for the MSFE program for 2014-2015 is $54,000 with program fees amounting to $6,600. Then there are university fees which include things like health insurance, health services, facilities fees, etc. Universities fees are around $1,850 per semester. The admissions requirements are a bachelor's degree typically in an engineering field, physics, mathematics, economics or computer science. One year of calculus, one semester of linear algebra and differential equations, one semester of probability and statistics and one semester of programming (preferably in C/C++) is required.
For test requirements, applicants have to take the GRE or the GMAT. Applicants whose native language is not English have to take the TOEFL or IELTS. This requirement is waived if the applicant has a degree from an institution where English is the official language.
Ref: http://msfe.illinois.edu/admissions/requirements.aspx

Carnegie Mellon - MS in Computational Finance

There are three semesters that have to be completed for a student to be awarded an MS in Computational Finance from Carnegie Mellon University. The total estimated cost of attendance for each semester is estimated to be $39,000 comprising tuition, the university technology fee, room, board and miscellaneous fees, books/supplies, transportation and estimated loan fees. Successful applicants will have performed well in differential and integral calculus, differential equations, linear algebra, and a calculus-based probability courses. Applicants must be proficient in a programming language such as C. Familiarity with C++ will be highly useful.

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