ÉCOLE POLYTECHNIQUE FÉDÉRALE DE LAUSANNE · SWITZERLAND
Master of Science in Financial Engineering
Master's · Taught in en
At a glance
24 mo
Duration
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IELTS
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Tuition / yr
en
Language
Master's
Level
The Master of Science in Financial Engineering (MFE) program at EPFL provides a rigorous academic foundation for students aspiring to careers in the quantitative finance sector. It combines advanced financial theory with cutting-edge computational techniques, preparing graduates for roles in areas such as risk management, algorithmic trading, and financial modeling. The curriculum is designed to equip students with the analytical and technical skills necessary to excel in a rapidly evolving financial landscape.
Curriculum
The Master's program in Financial Engineering is a two-year program comprising 120 ECTS credits. Students will take courses in finance, mathematics, and computer science, with opportunities to specialize in areas of interest. The curriculum includes core subjects and elective courses, allowing for a personalized learning path. The study plan details the available courses, their descriptions, credits, and teaching periods.
- Master 1
- Accounting for FinanceFIN-411
- Convex OptimizationMGT-418
- HSS : Introduction to project
- HSS : Project
- Introduction to EconometricsMGT-581
- Introduction to FinanceFIN-401
- Probability and Stochastic CalculusFIN-415
- Master 2
- Advanced DerivativesFIN-503
- DerivativesFIN-404
- Ethical Behavior in the Financial IndustryFIN-419
- Interest Rate and Credit Risk ModelsFIN-416
- InvestmentsFIN-405
- Machine Learning in FinanceFIN-407
- Macroeconomics and Monetary PolicyFIN-424
- Quantitative Risk ManagementFIN-417
- Advanced Numerical Analysis IIMATH-351
- Algorithmic Game TheoryMGT-435
- Applied Data AnalysisCS-401
- Causal InferenceMGT-416
- Cryptography and SecurityCOM-401
- Data Science for BusinessMGT-432
- Data VisualizationCOM-480
- Deep LearningEE-559
- Deep Reinforcement LearningCS-456
- Financial Applications of Blockchains and Distributed LedgersFIN-413
- Financial Big DataFIN-525
- Financial IntermediationFIN-420
- Fundamentals of Machine LearningEE-311
- Information: Strategy & EconomicsMGT-431
- Information Security & Digital TrustMGT-493
- Information Security and PrivacyCOM-402
- Introduction to Stochastic PDEsMATH-485
- Machine Learning
Careers
Graduates of the Financial Engineering program are well-prepared for a variety of demanding roles in the global financial industry. The strong analytical and quantitative skills developed throughout the program open doors to diverse career paths.
- Quantitative Analyst (Quant)
- Risk Manager
- Portfolio Manager
- Financial Engineer
- Data Scientist (Finance)
- Algorithmic Trader
- Investment Banker
- Hedge Fund Analyst
Frequently asked questions
- What are the tuition fees for the Master of Science in Financial Engineering?
- The tuition fee is CHF 1,560 per year for both Bachelor and Master programs. Please note that tuition fees are subject to change and additional fees may apply.
- How long is the Master of Science in Financial Engineering program?
- The Master of Science in Financial Engineering is a two-year program comprising 120 ECTS credits.
- What are the entry requirements for the MFE program?
- You need a Bachelor's degree in a relevant field such as engineering, mathematics, computer science, physics, economics, or finance with a strong academic record. Proof of English language proficiency is also required, though specific minimum scores for tests like IELTS or TOEFL are not provided.
- How can I apply for the Master of Science in Financial Engineering program?
- You must complete the online application form, submit required documents such as transcripts, diplomas, and recommendation letters, and pay any application fees before the deadline, which is typically in December for the following academic year.
- Are there any scholarships available for this program?
- Yes, the EPFL Excellence Scholarship is available for outstanding students admitted to Master's programs. It is merit-based and awards a full tuition fee waiver plus a monthly stipend, and you are automatically considered upon application.
- What are the career prospects after graduating from the MFE program?
- Graduates are well-prepared for roles such as Quantitative Analyst, Risk Manager, Portfolio Manager, Financial Engineer, Data Scientist in Finance, Algorithmic Trader, Investment Banker, and Hedge Fund Analyst.
Entry requirements
Bachelor's DegreeA Bachelor's degree in a relevant field (e.g., engineering, mathematics, computer science, physics, economics, finance) with a strong academic record is required. Specific GPA or ranking requirements are not detailed but excellence is expected.
English Language ProficiencyOfficial proof of English language proficiency is required. Specific minimum scores for IELTS or TOEFL are not provided on the program page, but a high level of fluency is expected.
Admission to Master's programs at EPFL is competitive. Applicants are evaluated based on their academic achievements, motivation, and overall profile. Specific requirements for international degrees may apply.
Fees
Tuition (international)CHF 1'560 per year (for Bachelor and Master programs)
Tuition (home)CHF 1'560 per year (for Bachelor and Master programs)
LivingNot specified. Prospective students should budget for living expenses in Lausanne, which typically include accommodation, food, transportation, and personal expenses.
Tuition fees are subject to change. The stated amount is indicative for Bachelor and Master programs. Additional fees may apply.
How to apply
1. Check Admission RequirementsReview the specific academic and English language requirements for Master's programs at EPFL. Ensure your previous academic qualifications meet the standards.
2. Prepare Application DocumentsGather all necessary documents, including academic transcripts, degree certificates, English proficiency test scores (if applicable), letters of recommendation, and a motivation statement.
3. Online ApplicationComplete the online application form through EPFL's admission portal. Fill in all required fields accurately.
4. Submit ApplicationUpload all required documents to the online portal and submit your application before the deadline. Pay the application fee if required.
5. Assessment and OfferThe admissions committee will review your application. Successful candidates may be invited for an interview or directly offered a place.
6. Accept Offer and Visa ProcessIf an offer is received, accept it within the specified timeframe. Begin the visa application process for Switzerland if you are a non-EU/EFTA national.
Scholarships
EPFL Excellence ScholarshipFull tuition fee waiver + monthly stipend
Accreditation
EPFL is a public institution under the Cantonal and Federal Authorities. Its programs are accredited and recognized nationally and internationally.
Frequently asked questions
What are the tuition fees for the Master of Science in Financial Engineering?
+
The tuition fee is CHF 1,560 per year for both Bachelor and Master programs. Please note that tuition fees are subject to change and additional fees may apply.
How long is the Master of Science in Financial Engineering program?
+
The Master of Science in Financial Engineering is a two-year program comprising 120 ECTS credits.
What are the entry requirements for the MFE program?
+
You need a Bachelor's degree in a relevant field such as engineering, mathematics, computer science, physics, economics, or finance with a strong academic record. Proof of English language proficiency is also required, though specific minimum scores for tests like IELTS or TOEFL are not provided.
How can I apply for the Master of Science in Financial Engineering program?
+
You must complete the online application form, submit required documents such as transcripts, diplomas, and recommendation letters, and pay any application fees before the deadline, which is typically in December for the following academic year.
Are there any scholarships available for this program?
+
Yes, the EPFL Excellence Scholarship is available for outstanding students admitted to Master's programs. It is merit-based and awards a full tuition fee waiver plus a monthly stipend, and you are automatically considered upon application.
What are the career prospects after graduating from the MFE program?
+
Graduates are well-prepared for roles such as Quantitative Analyst, Risk Manager, Portfolio Manager, Financial Engineer, Data Scientist in Finance, Algorithmic Trader, Investment Banker, and Hedge Fund Analyst.