Financial Engineering Certification

Online Program Overview

Degree Level
Total Credits
Fully Online
Contact Us
Minimum GPA
Qualifying Exam
GRE Not Required

Financial Engineering is a multidisciplinary field integrating financial theory with economics, methods of engineering, tools of mathematics, and practices of programming. It is designed to provide training in the application of engineering methodologies and quantitative methods to finance. Students studying this field are prepared to enter careers in securities, banking, financial management, consulting industries, quantitative roles in corporate treasury, and finance departments of general manufacturing and service firms.

CVN afforded me the opportunity to earn an Ivy League degree while being able to continue working as a teacher. I did not have to uproot myself in order to pursue my degree and I have been able to enhance my own classes by discussing topics from my classes, encouraging the next generation of scientists and engineers.
Bridget Gormalley

Admissions Requirements

Applicants to the Certification of Professional Achievement Program must submit official transcripts, 3 letters of recommendation, personal-professional statement, resume, and the $85 application fee.

Students admitted to the program must possess an undergraduate degree in engineering, science, mathematics, computer science or other related field from an accredited academic institution. Students entering the Certification Program in Financial Engineering should have an appropriate mathematical background in probability, calculus and linear algebra. Those students who have this background should be able to do most of the questions found through this link (Prerequisite Questions). It may be necessary for some people to first review some of their undergraduate material. This is particularly true of prospective students who have been working in industry and are not applying directly from an undergraduate program.

Students that do not have a sufficient mathematical background should take the appropriate mathematics courses before starting the FE Certification Program.

Preparatory courses for this certificate are:

  • IEOR E4150: Introduction to Probability and Statistics (offered at CVN)
  • Undergraduate-level course in linear algebra (not offered at CVN)


Candidates for the Certification of Professional Achievement Program must complete the program of study as defined by the appropriate department. Program requirements for completion of these Certification Programs are listed below:

  • 4 Graduate-level classes all earned through CVN, as a non-degree student.
  • Minimum of 12 credit points
  • Minimum GPA of 3.0
  • Completion of program within two (2) calendar years.


Course List

Required Courses

Sequence 1 (Must be completed first)

  • IEOR E4007: Optimization Models and Methods (FE)
  • IEOR E4106: Stochastic Models or IEOR E4701: Stochastic Models (FE)

Students are required to earn grades of B or higher in the Sequence 1 courses before continuing to Sequence 2. Students who do not meet this criterion may be asked to transfer to the Certification Program in Operations Research (view) or the Certification Program in Business and Technology (view).

Students may choose either 2 courses from sequence 2 or 1 course from sequence 2 and 1 course from the electives below to complete the Certification.

Sequence 2

  • IEOR E4403: Quantitative Corporate Finance
  • IEOR E4404: Simulation or IEOR E4703: Monte Carlo Simulation
  • IEOR E4706: Foundations of Financial Engineering
  • IEOR E4707: FE: Continuous Time Models

Elective Courses:

  • IEOR E4601: Dynamic Pricing and Revenue Management
  • IEOR E4602: Quantitative Risk Management
  • IEOR E4709: Statistical Analysis and Time Series
  • IEOR E4710: Fixed Income and Term Structure Modeling
  • IEOR E4718: Beyond Black-Scholes: The Implied Volatility Smile
  • IEOR E4731: Credit Risk Modeling and Derivatives

Tuition & Fees

2023–2024 Tuition & Fees

Please note that all tuition and fees are in U.S. dollars and are estimated. Tuition and most fees are prescribed by statute and are subject to change at the discretion of the Trustees.

CVN Credit Tuition: $2,462.00 per point (Credit Hour)
CVN Fee: $395 non-refundable fee per course
Transcript Fee: $105 non-refundable one-time fee
Tuition Deposit: $1,000 (More information on our Resources page)

Estimated cost of one nondegree course: $7,886.00
Estimated total cost of certification (four courses): $31,229.00

Estimated total cost of MS (ten courses): $77,915.00
*Estimated total cost of DES (ten courses plus a minimum of 12 research credits): $108,249.00

Graduate Admission Application Fee: $85 non-refundable one-time fee 
Certification Program Application Fee: $85 non-refundable one-time fee 

Late Registration Fee: $100 non-refundable fee

CVN Withdrawal Fee: $75, plus prorated tuition and all non-refundable fees
For example: A three-credit course would be $7,781 + transcript fee $105 (one-time) + CVN fee $395 = $7,886

*Assumes DES student enrolls in two six-credit research courses.

For Drop/Withdrawal fees and dates, refer to the Academic Calendar for the current term.

Please note: CVN no longer offers courses for audit.

Payment should be mailed to:

Attn: Shewanna House
Accounting & Business Management
Senior Student Services Rep
Payments & Deposits
210 Kent Hall, Mail Code 9205
1140 Amsterdam Avenue
New York, NY 10027

Before you mail your check or money order, please take careful note of the following requirements to ensure the timely processing of your payment: https://sfs.columbia.edu/content/pay-mail.

Interested in this program?

Request information to learn more about this program or bookmark it to come back later.

Request Info