Graduate Program

The Department of Operations Research and Financial Engineering offers three degree programs: a one-year Master of Engineering, a typically two-year Master of Science in Engineering and a Ph.D. program. These programs provide a great deal of flexibility for students in designing individual plans of study and research according to their needs and interests. In addition, in partnership with the Department of Economics, the department is a major participant in the Master of Finance degree program offered through the Bendheim Center for Finance. Each program is formulated to prepare the student for research and teaching. The aim is to provide a strong disciplinary background, coupled with significant competence in some area of application. The emphasis is on the conceptual foundations, mathematical models of real phenomena, and computational issues in practical problem solving. Current teaching and research activities include probability and stochastic processes, linear and nonlinear optimization, optimal stochastic control, dynamic and stochastic programming, stochastic differential equations and stochastic flows, statistics and calibration of stochastic models, statistical signal and image analysis, trajectory optimization, dynamic resource management, transportation and equilibrium analysis. A particular area of interest is financial engineering: stochastic calculus for finance, models of stochastic volatility and insider information, statistical and computational aspects of finance, risk analysis and management. A bachelor's degree in engineering, sciences, or mathematics is normally required for admission to the graduate program. Applicants should submit the results of the Graduate Record Examination (GRE). All applicants whose native language is not English and who have not received their undergraduate education in a U.S. college or university must submit scores from one of two internationally recognized assessments of English language proficiency, the International English Language Testing System (IELTS) or the Test of English as a Foreign Language (TOEFL). Send an email to ORFE Graduate Inquiries for more information. Apply to the Graduate Program via Princeton's online Graduate Application.