Typical MFE Career Paths
"Brownian motion, PDEs, Monte Carlo simulations, Poisson Distributions, Serial Correlations" - this is the language of quantitative finance. If your interests point toward a career where you can apply mathematics to practical problem solving, the MFE Program can provide you with the knowledge and practice needed to succeed in the finance industry.
Financial engineers (also known as "quants") use mathematics to build models, solve problems, evaluate opportunities and manage risks in financial markets. The field is not only quantitative, it is also creative and challenging; since financial markets are ever-changing, the data used to build and test models for investing, trading and risk management are constantly evolving.
Our graduates pursue rewarding careers in a variety of areas. Some work within banks that create, sell and trade financial instruments, also known as the "sell side." In addition, many work on the "buy side" within investment firms, mutual funds, hedge funds, or corporations and governments that need to earn a return on their investors' money, raise capital and manage various risks -- from changes in interest rates to fluctuations in commodity prices and foreign exchange rates.
We currently have students working in a variety of industries for companies including: Barclays Capital, Deutsche Bank, Google, Moody's, Morgan Stanley, New York Federal Reserve, PIMCO, Research Affiliates, and Thomson Reuters. Sample job titles include: Risk Analyst, Quantitative Analyst, Derivatives Trader, Quantitative Research Associate, and Desk Strategist.
To learn more about the types of careers that our graduates pursue as well as a more extensive list companies that have hired our MFE students, review our Career Fact Sheet.