Welcome to the Quant Network where Quants meet Quants
Quantnet is a New York City-based community built by and for students and professionals in the quantitative finance, financial engineering fields. By JOINING US today you can participate in our active and growing community, get access to students at many MFE programs, ask admission questions in our Education forum, add new entry to our growing WIKI, use private messages, download code from our gallery and much much more!

Baruch

From Quantnet Wiki

Contents

[edit] Quick Glance

Baruch's Vertical campus
Baruch's Vertical campus
  • Started in Fall 2002 by the Mathematics Department at Baruch College
  • Highly competitive (11% admission rate for 2008) with average 796/582 GRE Quant/Verbal scores for admitted students
  • Small class size (40 students for 2008)
  • 100% placement rate with average first year salary of over $100K
  • One-on-one alumni mentoring
  • Central location in lower midtown New York
  • Bert W. and Sandra Wasserman Trading Floor features live market data and 40 trading terminals

[edit] Baruch MFE in the news

[edit] People

  • Director: Prof. Dan Stefanica
  • Dr. Sylvain Raynes
  • Greg Ciresi
  • Prof. Salih Neftci
  • Prof. Elena Kosigyna
  • Prof. Mona Zamfirescu


[edit] Frequently Asked Questions

[edit] Admission Information

  • Deadline for Fall 2009: April 15, 2009
  • Test required: GRE, TOEFL
  • Fall admission only
Admission stat
Year Number of applicants Admitted Admission rate Enrolled Full time/Part time ratio
2008 514 56 11% 40
2007 337 46 14% 35 19/16
2006 184 42 23% 34 15/19


GRE scores of admitted students
Year Quantitative Verbal
2008

796

2007 795 582
2006 768 538
2005 759 539

[edit] Tuition Information

  • In-state tuition: $3200/semester or $250/credit
  • Out-state tuition: $6000/semester or $500/credit


[edit] Employment Information

Placement stats
Graduation Date Placement rate First year compensation (low/high/average)
Dec 2007 19/20 $60K/$200K/$95K
Dec 2006 15/15 $65K/$195K/$111K
Dec 2005 15/16 $55K/$155K/$94K


A partial list of the companies our graduates are working for includes:

AIG
Bank of New York
Bear Stearns
Bloomberg L.P.
Capital One
CIBC
Citadel Investment Group
Credit Suisse
Deutsche Bank
FSG Capital
Goldman Sachs
GSO Capital Partners
HypoVereinsbank
Interactive Brokers
JPMChase
Lehman Brothers
MetLife Investments
Merrill Lynch
Morgan Stanley
Numerix LLC
Orix Corporation
R&R Consulting
Trading Technologies
UBS
Western Asset Management

People with strong C++ programming skills are employed in positions where they interact with both traders and senior quantitative analysts.

Quantitative Analyst
Quantitative Researcher
Quantitative Programmer
Credit Quantitative Analyst
Credit IT Specialist
Software Engineer
Data Analyst
Electronic Trading Developer
Trading Systems Developer


People with strong knowledge of finance obtain jobs in structured finance, risk management, or as financial analysts.

Senior Credit Modeler
Collateral Analyst
Senior/Junior Risk Management Officer
Portfolio Manager
Risk Analyst
Index Options Analyst
MBS Modeler Analyst
Business Analyst

[edit] Campus

Newman Library
Newman Library
  • Throughout its history, Baruch used the landmarked Free Academy building, which is still in use by the college. The building is now named the Lawrence and Eris Field Building and is often referred to as the “23rd Street Building,” because of its location on East 23rd Street and Lexington Avenue. In 1998, after decades of renting space for classrooms, Baruch began construction of what would later be called the Newman Vertical Campus, after businessman William Newman. Inaugurated on August 27, 2001, the 17-story building is now home to the Zicklin School of Business and the Weissman School of Arts and Sciences. The street bordering the Vertical Campus is now called “Bernard Baruch Way,” and the college now uses the address of the Vertical Campus as its official address.
  • In 2004, a proposal was made to integrate the Vertical Campus with the 23rd Street Building and to refurbish this landmark building for modern classrooms.
  • The College has the Newman Library, as well as the Undergraduate Information Center, healthcare facilities, as well as the office of financial aid, the office of the Registrar, and computer labs, across the street from the Vertical Campus, in a series of buildings that take almost the entire block of Bernard Baruch Way.
  • The Administration Building, a short walk from the Vertical Campus or the Newman Library, houses other administrative offices, but not the Office of the President, which is housed on the fourth floor of the Vertical Campus.


[edit] The Wasserman Trading Floor

Baruch student using Subotnick Center's resources
Baruch student using Subotnick Center's resources
  • In March 2000 the Zicklin School opened the Subotnick Financial Services Center, an exciting state-of-the-art instructional facility that integrates hands-on financial services practice into the business curriculum. The Subotnick Center is the only business school resource of its kind in New York and one of a handful of comparable facilities at top educational institutions nationwide.
  • Its centerpiece is the Bert W. and Sandra Wasserman Trading Floor, a fully equipped, simulated trading environment featuring 42 high-end networked computer workstations, continuous live data feeds, real-time market quotes, and computerized trading models. Actual market technology is used to teach students about markets and financial services-valuable experience for graduates seeking leading positions in the financial, banking, or accounting services industries. The Center also features a 60-seat seminar room and a 25-seat development lab.
  • The Center contains four main areas: The Trading Floor, the Development Classroom, the Research Facility and the Seminar Room.
  • The Trading Floor contains 42 Dell Precision Workstations running the Windows XP Professional operating system. Real-time data is provided by Reuters using their 3000 Xtra service and Kobra applications suite.
  • The Wasserman Trading Floor in the Subotnick Financial Services Center is one of the largest and most complete educational facilities of its kind. The Center introduces Baruch College students to economic, financial, journalism, and technology principles using professional market data systems and analytic software.

[edit] More information

Simulated trading workshop
Simulated trading workshop

[edit] Student Body Diversity

Baruch is recognized as being one of the most diverse institutions of higher education in the United States. Its student body comes from more than 120 different nations. Baruch is ranked #1 overall for minorities, #4 for Hispanics and Asian-Americans, and #5 for African-Americans as a producer of graduates in business and its related fields. In 2005, the magazine Hispanic Outlook in Higher Education reported that Baruch College ranked 53rd in a list of the top 100 colleges offering undergraduate degrees to Hispanics.

Baruch has a large Asian student population, including many new immigrants. It has one of the highest percentages of matriculated Asian students in the nation.

Profiles of current and past MFE students can be found on Quantnet Forums.

[edit] Rankings

Vertical campus main entrance
Vertical campus main entrance
  1. Baruch ranks among the top 40 universities in the Northeast that offer a full range of undergraduate and master's programs and is among the top 6 of those institutions that are public (U.S. News & World Report, "America's Top Colleges 2007").
  2. Baruch’s undergraduate business programs ranked 51st nationally, the second most highly regarded in the NY/NJ metropolitan area. The undergraduate business program was also ranked among the top 30 of public institutions (U.S. News & World Report, "America's Top Colleges 2007").
  3. Baruch's Zicklin School of Business is included in the 2007 edition of The Princeton Review's annual "Best Business Schools" listing.
  4. The 2006 edition of the Wall Street Journal/Harris Interactive Business School Survey ranked Baruch 50th among the nation's top 50 regional undergraduate business colleges.
  5. Baruch’s Part-Time MBA is ranked 17th in the nation by U.S. News & World Report ("America's Best Graduate Schools 2007"), making it second in New York City. The Full-Time MBA was ranked in the top three of New York programs. Both were the only ranked public programs in New York State.
  6. A joint survey by Entrepreneur magazine and The Princeton Review ranked Baruch 18th out of the top 25 undergraduate entrepreneurial colleges in the nation in 2006.
  7. Baruch is one of the nation’s best value undergraduate institutions according to the Princeton Review’s America’s Best Value Colleges (2007).
  8. For eight years, Baruch has topped the list of the most ethnically diverse institutions of higher education in the United States (U.S. News & World Report, "America's Top Colleges 2007").
  9. In the 24th Annual Survey of Accounting Professors in the U.S., conducted by the Public Accounting Report (2005), Baruch's undergraduate accounting program ranked 15th; Baruch's graduate accounting program was 22nd.
  10. Baruch’s School of Public Affairs is ranked in the top 20 percent in the nation for its Master of Public Administration program by U.S. News & World Report (2006).

[edit] Contact Information

  • Ms. Cathy Levkulic
    • Phone: (646) 312-4493
    • Email Cathy_Levkulic@baruch.cuny.edu
  • The Administrative Assistant of the Baruch MFE Program
    • Email baruch.mfe@gmail.com

[edit] Mailing Information

Office of Research and Graduate Studies
Weissman School of Arts and Sciences
Baruch College
One Bernard Baruch Way, Box B8-211
New York, NY 10010-5585
Tel: (646) 312-4490

[edit] Public Transportation

  • By Subway
    • Take the #1, #6, F, N or R to 23rd Street Station.
  • By Bus
    • Take the M1, 2,3,5,6,7,15,18, 101, or 102 to 23rd Street.


[edit] External links


All times are GMT -4. The time now is 09:26 AM.