Financial Engineering

Top Fields for MS in USA

After earning a Bachelors degree in one of the engineering fields, your next step would be to go to graduate school. But stepping into this field has manifold options. An engineering student going for Masters in Engineering is an antiquated approach. The world of education is in the midst of a metamorphosis. Why should you follow the beaten path? During the course of your Bachelors education, you may have developed an interest for something pertaining to the science field, but adrift from the core science subjects or interdisciplinary fields of science. Well, worry no more because there is a plethora of subjects that you can choose from to major in.

The field of sciences is witnessing a revolution with several neoteric subjects. The scope of studying in the science field has broadened to include – Top Fields for MS in USA Top Fields for MS in USA Top Fields for MS in USA

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This is a recommendation supporting the application of ___________, currently pursuing her Final Year Bachelor’s degree in Electronics at ______________ College.  As the principal of this institution, I would like to point out that she has made a mark for herself, in not only academics but extra-curricular activities too. I would be honored to elucidate a few aspects that would make her a welcome and worthwhile addition to your university.

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Sample SOP for MS in US


| Sample SOP for MS Financial Engineering – This a Statement of Purpose of a student who got admitted to Columbia University for the Masters in Financial Engineering (FE) program. |

Over the last few decades, the landscape of the financial industry has transformed at a persistently rapid rate. The world as we know it has changed dramatically on account of the technology boom and the financial industry has been, in my opinion, the biggest beneficiary of this boom. Gone are the days when human intuition played the key differentiating factor in investment decisions. Algorithmic trading now comprises roughly one-third of total volume traded on many mature derivative exchanges. Today’s financial markets rely on innovative models and advanced quantitative techniques and strategies, executed by computer programs, for value creation. I witnessed this first hand during the two 10-week online courses, “Introduction to Finance” and “Computational Finance and Financial Econometrics”, I took via the free online educational website, Coursera. These courses provided me with introductory knowledge on financial instruments, time series concepts, AR(1) and MA(1) models, Monte Carlo Simulation, Markowitz algorithm, and how to use the statistical programming language R for financial applications. Intrigued by the subject matter and realizing my aptitude for the same, I am eager to expand the knowledge I attained during these courses and pursue more a rigorous and thorough education by pursuing a Master’s degree in Financial Engineering at Columbia University.

…. Only Collegepond students have access to the complete SOP Read More

Sample SOP for Financial Engineering


| Sample SOP for Financial Engineering- This a Statement of Purpose of a student who got admitted to GaTech for the Masters in FE program. |

Being a spectator of the events unfolding in the Eurozone and in the US, I am quite intrigued at the web of interconnectivity of all financial markets, whether it is commodities, equities, metals or currency. These markets in the recent past seem to be behaving in a similar manner, experiencing significant volatility and price movement. Having traded equities for the past few years, it is even more imperative in today’s climate that trading decisions should not be based on beliefs and hope but on a systematic approach with strict stop losses. As I look at various options for a career, I am clear that I would like to continue trading but with more extensive knowledge of quantitative models, methods and algorithms. In this regard, I look forward to a Masters in Operations Research and Information Engineering with Financial Engineering concentration from Georgia Institute of Technology to gain a holistic understanding of various concepts in finance and statistics and blend them with my mathematical, programming and analytical skills.

…. Only Collegepond students have access to the complete SOP

Sample SOP for Quantitative Finance

| Sample SOP for Quantitative Finance – This a Statement of Purpose of a student who got admitted to Rutgers for the Masters in QF program. |

Being an avid follower of stock markets since my high school days, I am intrigued by the shift in the degree of positive correlation of our Indian markets with that of the global markets.   In the recent past, the direction of our markets seems to track that of our global peers even more closely and appears to be less impacted by the local economic indicators. Consequently, my trading portfolio has seen an obscene amount of volatility.   With a goal to profit from the havoc in the markets, I researched various volatility-based trading models and stumbled across a dedicated graduate course in financial engineering at { }.  As I delved further into the curriculum, I realized that the course offerings and placement opportunities post completion will propel me to achieve my short-term career objective of working in a quantitative trading environment.  It is for this reason that I look forward to applying to Masters of Quantitative Finance.

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|FREE SAMPLE LOR FOR MS IN FE at UC BERKELEY – This is a professional letter of recommendation  for a student with 74% academics and GRE score 321 got into Masters in FE at UC BERKELEY.|

I am writing this letter of recommendation for _______ _______,who has done a summer internship with us for two months, earlier this year. During this period, I was closely associated with him and have had the opportunity to interact and oversee his abilities and responsibilities. He has come across as a very hardworking, sincere and a determined individual who showed a thirst for knowledge and a well structured and logical approach.

…. Only Collegepond students have access to the complete LOR Read More

Financial Engineering Salaries

Financial Engineering Salaries

If you aspire to be a financial engineering specialist, you have to be a number crunching maniac and a person who loves to read financial reports of companies. In fact reading financial reports and analyzing them to death, along with a super math potential, is the best indicator of aptitude. The schools in the US like Columbia, NYU, Cornell offer graduate programs in Financial Engineering that are known for their rigor and practice. With salaries beginning at $77,000 and touching as much as $400,000 after a few years in the field, financial engineering has become a highly sought after field to pursue a career in finance.  Financial Engineering Salaries

Financial engineering involves the analysis of several factors that affect the performance of the financial sector. A classic example of this expertise is the Black-Scholes Equation Developed in 1973 by Fisher Black, Robert Merton and Myron Scholes, from the University of Chicago, the Black-Scholes Equation is still widely used to determine the value of stock options and derivatives. Regarded as one of the best ways of determining fair prices of options, the model requires five input variables – the strike price of an option, the current stock price, the time to expiration, the risk-free rate and the volatility. The model also assumes that stock prices follow a lognormal distribution as asset prices cannot be negative. Moreover, the model assumes that there are no transaction costs or taxes involved; the risk-free interest rate is constant for all maturities; there are no riskless arbitrage opportunities and short selling of securities with use of proceeds is permitted. Financial Engineering Salaries

Such are the complexities that govern the field of financial engineering. Financial engineers work for financial institutions, such as banks, investment houses, and mutual fund companies, and must be proficient in applied mathematics, economic theory, statistics, and computer science for success.

They use mathematical and analytical tools to create algorithms that are implemented in financial analysis, and also work to provide financial analyses of their company’s new products and asset classes. Following this, they may suggest program changes if necessary and must be proficient with relevant software and computer applications and Microsoft Office programs (Word, Excel, Power Point and Outlook). Apart from these skills, they should also be able to multitask and work well under pressure. Financial Engineering Salaries

A bachelor’s degree or a master’s degree is generally required for this position, and many employers prefer candidates who have relevant prior experience. Experience in various computer programming languages and applications, such as Python, SQL, UNIX scripts and Javascript, as well as knowledge of cloud computing and distributed computing is also helpful.

The job role of a Financial Engineer includes the following:

  • Develop analytical systems and strategies for financial decision making.
  • Research trends in big data, credit assessment procedures and fiscal services.
  • Liaise between clients and professional IT team.
  • Provide backend development for analytical processes.l Engineering Salaries


Financial Engineering graduates are employed in key banking and investment sectors. They play a very decisive role in the organizational hierarchy and therefore command a salary ranging from $77,000 initially, which can rise up to USD$150,000. The average pay packets from top rung schools range from $70,000 to $125,000. It is not surprisingly that after a few years of experience, you could end up making anywhere between USD$175,000 to USD$400,000. Financial Engineering Salaries

These figures, we hope, are enough motivation for you to gear up and do your best.   

Financial Engineering Salaries

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