Baruch MFE Team Scores Fourth Victory in International Finance Competition

July 15, 2020

Masters of Financial Engineering (MFE) students from Baruch’s Weissman School of Arts and Sciences took top honors in the International Association for Quantitative Finance’s (IAQF) Ninth Annual Academic Affiliate Membership Student Competition.

The prestigious win marks the fourth time a Baruch MFE team claimed victory in the IAQF competition, adding to its successes in 2017, 2016, and 2015. In February, Baruch MFE students dominated the rigorous 2020 Rotman International Trading Competition, finishing in first place at this year’s event held in February at the University of Toronto.

“This victory shows again the exceptional talent, hard work, and level of technical skills of our students, as well as the consistency with which they successfully compete over years against other top schools,” said Mathematics Professor Andrew Lesniewski, who served as the team’s advisor and is also curriculum director of the Baruch MFE program.

According to Professor Lesniewski, the Baruch MFE students competed against 36 teams, representing 20 academic programs and were challenged with a real-world scenario. Using quantitative methods, the teams were tasked with analyzing the portfolios of select companies to determine their performances depending on a Republican or Democratic winner of the 2020 Presidential election.

Submissions to the competition were reviewed through a blind, multi-level selection process and were judged by a panel comprised of IAQF Board Members. Other winning teams were from Boston and Cornell Universities, and New York University’s Tandon School of Engineering.

Learn more about the Master of Financial Engineering Program at the Weissman School of Arts and Sciences.

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