Mobile device being used to model financial data

Master of Engineering in Financial Technology (FinTech)

Be a driver of innovation in financial technology. Integrate your interests in engineering, computer science, business and finance. Learn to lead in the financial industry.

From digital currencies and blockchain to robo-advising and cybersecurity, technology is fast changing the financial landscape⁠—and demand for professionals who can drive the transformation has never been higher. Duke's Master of Engineering in Financial Technology (FinTech) will prepare you to deliver cutting-edge technological solutions to real-time financial market challenges.

View an overview of the program »

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EXPERIENCE THE DUKE DIFFERENCE

+ Develop in-demand technical skills—learn programming and software engineering tailored to FinTech

+ Understand key technological advances that are reshaping traditional and non-traditional financial firms

+ Gain industry-specific business knowledge with coursework in areas such as machine learning and blockchain as applied to financial services and risk management

+ Obtain hands-on experience through a capstone project and internship 

+ Learn from faculty with decades of real-world financial market and FinTech experience, including experts from Duke's Pratt School of Engineering, Fuqua School of Business, Law School and Department of Economics

+ Benefit from personalized career services—with professional development, networking and recruitment opportunities

+ Enjoy our welcoming community and location in a booming tech hub ranked as one of America's Best Places to Live

Jimmie Lenz

“Technologies like machine learning and blockchain are driving advances across the financial sector. With outstanding faculty from engineering, law, economics and business, the Duke Master’s in FinTech is developing professionals with the technical, financial and management skills to lead this next generation of financial innovation.”

Jimmie lenz
Academic Director

Customize Your Experience

Duke Master's in Financial Technology students complete:

  • 2 core business courses
  • 4 core financial technology courses
  • 1 industry internship
  • 1 financial technology capstone course
  • Plus, choose 3 elective courses in a track tailored to your goals:
    • Technology Track:
      Learn to develop FinTech products and services using tools such as machine learning, blockchain and quantitative financial analysis
    • Technology Management Track:
      Prepare to lead FinTech teams and projects through coursework in areas such as product management, customer-driven innovation and the evolving regulatory landscape

See curriculum details »

students and company reps at networking event

Career Paths

Graduates will be prepared to work in areas such as:

  • Wealth management and trading

  • Payment and transaction services

  • Robotic process automation (RPA) and algorithmic solutions

  • Credit, lending and liquidity management

  • Digital currencies, such as stable coins and cryptocurrencies

  • Blockchain development/smart contracts

  • Risk management and regulatory compliance

  • Security and identity protection

Learn more about our dedicated career services for master's students >


Is the FinTech Master’s Right for Me?

The Duke Master of Engineering in Financial Technology is designed for students from a range of backgrounds. Consider applying if you are:

  • An engineering, computer science, physics, math, statistics or econometrics graduate who wants to gain an understanding of the finance industry and how to implement technological solutions to automate transactions, create revenue, strengthen security and add value
  • An economics or business graduate who wants to learn about existing and emerging technologies in the financial workplace
  • A Duke undergraduate who wishes to participate in a 4+1: Bachelor's + Master’s program that builds on, and complements, your undergraduate education

How to Apply

For details on application requirements, tuition and financial aid, and to start your application, visit the Duke Master of Engineering Application webpages »

Note: This program begins with a summer term to establish a strong base in programming (classes start July 29, 2020). To foster success in the program, all enrolling students will be required to take both a programming skills assessment and an economics/finance assessment within 2 weeks of accepting the admission offer into the program. Depending on the outcome of the assessment, we may advise one or more online preparatory classes to ensure a strong knowledge base upon entering the rigorous curriculum.  For the Summer 2 and Fall 1 terms, students will be charged the equivalent of one semester’s tuition split between a summer billing cycle and a fall billing cycle.

 

Deadlines (Summer 2020 ADMISSION)

Application Round Applications Received by Receive Decision Notification by Reply Required by
1 January 15, 2020 March 16, 2020 April 15, 2020
2  March 2, 2020  April 10, 2020  May 15, 2020

*Applying from another country: International student applications will be accepted pending U.S. Department of Homeland Security approval. International students requiring an F1 visa must apply no later than Round 1. International students wishing to transfer their currently active F1 visa may apply in Round 2.

Apply Now

OUR Faculty: Learn from Leaders

Duke FinTech faculty include experts in economics and engineering—bringing you the best of both technical and business education.

Kathie Amato

Kathie Amato

Adjunct Associate Professor and Senior Lecturing Fellow, Duke Innovation & Entrepreneurship Initiative

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Peter Balnaves

Adjunct Associate Professor in the Pratt School of Engineering

Steve DelGrosso

Steve DelGrosso

Adjunct Associate Professor in the Pratt School of Engineering

Daniel Egger

Daniel Egger

Executive in Residence in the Pratt School of Engineering

Ken Gall

Ken Gall

Associate Dean for Entrepreneurship in the Pratt School of Engineering, Professor of Mechanical Engineering & Materials Science

Tammi Kay George

Tammi Kay George

Adjunct Associate Professor in the Pratt School of Engineering

Jeff Glass

Jeff Glass

Senior Associate Dean, Duke Engineering Education and Learning Innovation

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Jonathan Knudsen

Adjunct Assistant Professor in the Pratt School of Engineering

Jimmie Lenz

Jimmie Lenz

Academic Director

Genevieve Lipp

Genevieve Lipp

Assistant Professor of the Practice in the Department of Electrical and Computer Engineering

Edward Marshall

Edward Marshall

Adjunct Professor

Emma Rasiel

Emma Rasiel

Teaching Director, Duke Financial Economics Center

Lee Reiners

Lee Reiners

Executive Director, Global Financial Markets Center and Lecturing Fellow, Duke Law School

Ted Ryan

Ted Ryan

Consulting Professor in the Fuqua School of Business

Ric Telford

Ric Telford

Executive in Residence in the Pratt School of Engineering

Greg Twiss

Greg Twiss

Adjunct Associate Professor in the Pratt School of Engineering

Jacob Vestal

Jacob Vestal

Adjunct Assistant Professor in the Pratt School of Engineering

Bill Walker

Bill Walker

Executive in Residence in the Pratt School of Engineering

Curriculum Details

I. Core Business Course Requirements (6 credits; 2 courses)

  • MENG 540: Management of High-Tech Industries
  • MENG 570: Business Fundamentals for Engineers

II.Core Technology Course Requirements (15 credits; 5 courses)

  • FINTECH 590.XX: Programming for FinTech 
  • FINTECH 590.XX: Software Engineering for FinTech
  • FINTECH 590.XX: Financial Institution Products & Services
  • FINTECH 590.XX: Risk & Asset Management
  • FINTECH 590.XX: FinTech Capstone

III. Focus Track Requirements (9 credits; 3 courses)

Technology Track (select 3 courses)

  • ECE 564: Mobile Application Development 
  • FINTECH 590.XX: Blockchain
  • EGRMGMT 590.XX: Fundamentals of Data Science
  • EGRMGMT 590.XX: Quantitative Financial Analysis for Technology-Driven Investment Decisions
  • FINTECH 590.XX: Secure Software Development
  • FINTECH 590.XX: Robo-Advising
  • FINTECH 590.XX: Machine Learning for FinTech
  • ECON 572:  Intermediate Finance

Technology Management Track (select 3 courses)

  • FINTECH 590.XX: RegTech and the Law
  • FINTECH 590.XX: Emerging Trends for FinTech Services
  • FINTECH 590.XX: FinTech Business Models
  • EGRMGMT 590.XX: Innovation Management in Tech Organizations
  • EGRMGMT 590.XX: Designing Customer Experiences
  • EGRMGMT 590.XX: Product Management
  • EGRMGMT 590.XX: Design Thinking and Innovation
  • EGRMGMT 590.XX: Startup Fundamentals and Strategy

IV. Industry Internship (0 credits)

  • MENG 550: Internship
  • MENG 551: Internship Assessment

Typical Schedule

  Summer
Year 1
Fall
Year 1
Spring
Year 1
Summer
Year 2
Fall
Year 2

Core Industry Preparation

 

MENG 570: Business Fundamentals for Engineers

MENG 540: Management of High-Tech Industries

MENG 550:Internship

 

 MENG 551: Internship Assessment

Core Technical Preparation

FINTECH 590.XX: Programming for FinTech

FINTECH 590.XX: Software Engineering for FinTech

FINTECH 590.XX: Risk & Asset Management

FINTECH 590.XX: Financial Institution Products & Services

 

 FINTECH 590.XX: FinTech Capstone

Electives

   

Elective 1

Elective 2

 

 Elective 3

Course Descriptions

In addition to the specialized FinTech courses listed below, all students complete two core business courses and an internship.

Core FinTech Courses

Core Programming | FINTECH 590.XX Programming for FinTech (3 units)

This class is aimed at students who want to focus on financial technology (FinTech) but who may not have a programming or even technical background. This course will bring students up to speed on programming, data structures, and algorithms. C++ is the language of choice in this class because C and C++ are very commonly used by computer engineers.

In order for students to make such impressive learning gains in the short summer course format, students must come prepared by having good programming skills in C. Novices should achieve this by completing the Coursera specialization Introduction to Programming in C before the start of the term. Those with some programming experience may also wish to complete the specialization to learn professional tools and acquire deep understanding of concepts taught in the specialization.

Students of all backgrounds will take a required self-assessment prior to the start of the summer term to assist them in choosing the right programming sequence.

Core Programming | FINTECH 590.XX: Software Engineering for FinTech (3 units)

This course focuses on moving from small-to-medium software projects, to the design ideas required for larger scale, maintainable code. We will start with core design principles, which we will see manifest in a variety of the forms through the course of the semester. We will see these ideas emerge from smaller scale design at the start of the semester to large scale system architecture at the end. Testing will also be an important topic throughout.

Core Finance | FINTECH 590.XX: Financial Institution Products & Services (3 units)

The course is designed to provide students with an understanding of finance and financial concepts, with emphasis on innovation and technological changes, that will provide perspective for future coursework in the Master of Engineering in FinTech. The initial phase of the course will utilize the history of finance as a basis from which to provide students with the requisite knowledge, and as important context, regarding the maturation of products and services used and offered by financial services firms.  To provide a good understanding of the trajectory of the industry the course will cover the monetary and financial system, primarily from a US perspective but with some global context.  Students will acquire the skills to develop; interest rate forecasting models, asset management methodologies, and time value of money applications among others.

The second portion of the course will focus on the institutions that comprise the financial services industry.  In addition to the structural position these firms occupy within the financial and monetary system, a macro understanding of the businesses of these firms will be discussed.  The class will delve briefly into the place that “non-banks” occupy, as this is becoming significant within the industry.  A brief review of the role of industry vendors/utilities is necessary to complete an understanding of this environment.

Core Finance | FINTECH 590.XX: Risk & Asset Management (3 units)

Much of financial valuation is based on the tradeoff between returns (i.e., profit) and risk (i.e., volatility of returns).  This core understanding of the correlation between return and risk permeates all areas of finance from banking to brokerage to investment management.  The primary purpose of Asset Liability Management within banking is to ensure that the bank is sufficiently capitalized to provide a cushion for risk exposure, while continuing to enable growth and profitability. In this course, students will learn about various financial, macroeconomic, business, and technology risks, as well as the tools and methodologies for quantitative assessment of risk and performance.

Core FinTech | FINTECH 590.XX: FinTech Capstone (3 units)

The FinTech Capstone project is expected to be the culminating experience for the MEng FinTech program drawing from a spectrum of classes taken. Diverse teams of students will be tasked with designing and building a FinTech solution. Project ideas will be solicited from industry or will be the student's own start up ideas. The deliverable for the capstone will be a working prototype and business plan that addresses an articulated need within FinTech. The interdisciplinary teams will consist of members who, between them, may be pursuing the technology track and/or the technology management track. During this experience students will identify specific challenges or areas for improvement in a particular financial service or product (e.g., customer needs, identified opportunity, regulatory constraints, ethical concerns, financial viability, cyber security, etc.) and develop technological solutions. The capstone team will present to a sponsor panel and/or an external review panel.

Technical Electives: Technology Track

ECE 564: Mobile Application Development (3 units)

Explores the world of mobile application development with focus on needs of engineers. Centered on Apple environment, with the development environment being on OS X and the target environment being an iOS device – iPad, iPhone, iPod Touch or Apple Watch. Real world context focused on the common programming “patterns” for engineers in academia or business – standalone apps, apps connected to other systems, apps connected to the cloud. Covers fundamentals essential to understanding all aspects of app development. Taught in a team environment. Students required to present their project proposals and deliver an app as a final project.

FINTECH 590.XX: Blockchain (3 units)

Blockchain technology is being embraced in finance and other industries as an encryption base for all types of applications.  This course explores the history, current environment, and near-term outlook of financial innovation (FinTech), focusing on applications of Blockchain technology. Topics range from digital stores of value to documents and transactions. Students will learn to formulate an accurate image and deep practical understanding of the capabilities and limitations of various blockchain techniques. Students will gain hands on experience creating a simple Blockchain contract and will be able to converse on a practical basis about what Blockchain can and cannot do.

EGRMGMT 590: Quantitative Financial Analysis for Technology-Driven Investment Decisions (3 units)

An introduction to the most important concepts used in quantitative finance. Students will learn to build practical financial models using MS Excel spreadsheets. This course starts with the most basic, and most important, portfolio and investment models used to evaluate risk and identify profit opportunities. Using Excel, students will learn how to build these models themselves, and to understand the decision-making inputs used by professional investors. The course has a practical focus - how to analyze prices of stocks, bonds, options and other financial instruments using the types of computationally sophisticated tools in wide use today.

EGRMGMT 590: Fundamentals of Data Science (3 units)

Students practice a critical business skill: analyzing real-world data and communicating actionable findings in compelling form. This is a small group, project-based class. Students can design their own project (with approval of the instructor) or join one of a number of exciting projects already underway. Available project areas include: 1) financial fraud detection, 2) earthquake risk modeling, 3) analysis of eye-tracking data for medical diagnosis, 4) the latest methods for machine translation and speech recognition.

FINTECH 590.XX: Secure Software Development (3 units)

This course is about minimizing risk when creating software and will focus on the fundamental structure of a Secure Development Life Cycle (SDLC), the advantages and challenges of cryptography, then explore automated testing solutions. Students will learn to effectively manage risk in the process of creating software. Hands-on experience with specific technologies prepare students to make informed decisions about the design, architecture, and implementation of software. Assignments use automated vulnerability hunting tools. Students will learn the risk profile of the target software project, and an understanding of how these tools add value to the overall secure development life cycle.

FINTECH 590.XX: Robo-Advising (3 units)

Robo-Advice brings investment services to a wider audience at lower costs compared to human advisors. Students will construct a very basic advisor using the Python programming language. This will be a short experiential case study with an open source Python code. Student teams will develop a comprehensive venture capital investment memorandum for a real-world Robo-Advising startup. Teams will analyze the Robo-Advisor’s market environment, including the financial services industry, wealth management segments, competitors and channels; and, internal company characteristics, such as business strategy, asset allocation and portfolio composition, cost of customer acquisition, and financials.

FINTECH 590.XX: Machine Learning for FinTech (3 units)

Explores the history, current environment, and near-term outlook of Machine Learning, focusing on the applications within financial innovation (FinTech). The course provides hands on experience in applying machine learning tools in a number of situations, as well as understanding the applications across finance. This class will delve into elements of the current environment of Fintech and how machine learning has contributed to the disruption. The goal of this course is that students leave with not only knowledge but hands on experience implementing machine learning to solve problems and observe how this tool works and where the present and future value may be.

ECON 572: Intermediate Finance (3 units)

Integrates micro and macro economics with topics in finance. Utility maximization within mean variance framework for portfolio analysis and capital asset pricing model. Corporate valuation and discounted cash flow analysis. Capital structure and principal-agent problem will lead into a discussion of the Efficient Markets Hypothesis and underlying assumptions. Market pricing, forecasting, and financial crises. Prerequisite: Introductory Macroeconomics.

Technical Electives: Technology Management Track

FINTECH 590.XX: RegTech and the Law (3 units)

Regulatory compliance in essential to all finance companies. The regulations have become cumbersome and automated solutions are need to prompt action and self-identify potential non- compliance. Understanding the regulatory environment of Finance companies is critical and the class will explore the regulatory requirements for finance companies.

FINTECH 590.XX: Emerging Trends for FinTech Services (3 units)

This class will study the environment of FinTech services to understand and acquire assessment techniques to model the motivation behind, for example: individual companies and offerings, the technology that has enabled many of these companies, and the business models that frequently challenge the customer service status quo.  Applications of Game Theory – the ways in which businesses compete in the financial marketplace – will provide significant insights into the strategic behavior of current and future FinTech companies. The ever-increasing pace at which technology disrupts long standing business models will be reviewed in terms of both past, current, and possible future applications.

EGRMGMT 590.XX: Designing Customer Experiences (3 units)

In a rapidly changing and competitive global market, businesses must address complex cross-discipline questions such as "how do I successfully distinguish my business from competitors?" to remain relevant. Increasingly, the quality of a business' “user experience" offerings provide the key to securing loyal customer relationships and sustainable market differentiation. Companies such as Apple, Starbucks and Amazon understand that compelling customer experience is contained not only in the physical products they create but also in a system of complementary interactions and services. Effective customer experiences are not created by chance - they are designed. This endeavor requires systematic observation, evaluation, visualization, planning, prototyping and principled iteration to be successful. In this course, students are introduced to foundational design techniques and use case study discussions, readings, and hands-on projects to form an action framework and ‘personal toolkit’ for designing compelling customer experiences. In addition, students flesh out this framework through project-based assignments and presentations applying the principles of design thinking, human factors, design for usability, and interaction design to analyze, create, and present effective customer experience solutions.

EGRMGMT 590.XX: Product Management (3 units)

Central to optimizing shareholder value and revenue are a firm's product innovations and its portfolio of products and services. The Product Manager defines product vision and leads the cross- functional team that takes a product or service from initial concept to a market viable offering. The course places emphasis on "Thinking like a Product Manager" in developing specific strategies to support new and existing high tech products. It provides in-depth knowledge of the analyses, decisions, and implementation issues relevant to a typical product manager in a high tech company. The course is applicable whether you are a product manager in a start-up firm, develop B2C or B2B products or are responsible for high-tech services. The objective is to help prepare you for your first industry product management opportunity. A successful product manager needs a broad set of skills and this course is the first step in helping you develop those skills. Your new skills will be developed using a mix of individual and team based assignments, case analysis and a project. Class participation and demonstration of critical thinking in written and verbal form are crucial to success in this class.

EGRMGMT 590.XX: Design Thinking and Innovation (3 units)

The success of established companies and entrepreneurial ventures depends upon their ability to identify customer needs and then develop products and services that meet these needs in an affordable and effective manner. A disciplined design thinking process leads to successful innovations, particularly with regard to value creation and market impact. Starting with an understanding of empathy, ethnography, and interviewing techniques, moving on to the iterative process of defining, ideating, prototyping, and testing, and then developing final designs, this course is a highly engaged opportunity for students to develop a deep set of skills in design thinking and innovation and includes current approaches such as agile development, biodesign, and lean startup.

FINTECH 590.XX: FinTech Business Models (3 units)

The goal of this course is for students to understand the business models in the major FinTech value chain segments (businesses include, but are not limited to, marketplace lending, neo-banking, robo-advisory, crypto currency and other blockchain applications). In this course, we analyze the business models of selected FinTech companies with a special focus on the role of data. In some industries, such as banking, data has spurred and supported the new business models of the FinTechs. Therefore, data is most relevant for creating an overview of the actors in the FinTech, and broader financial services, ecosystem.

EGRMGMT 590.XX: Startup Fundamentals and Strategy (3 units)

The course will teach students the framework for launching a startup company and developing a successful early-stage growth strategy. Selected topics to be discussed include company formation, valuation, equity distribution, team building, financing (dilutive and non-dilutive), intellectual property, product development, regulatory frameworks, product launch, early stage sales and marketing, strategic partnerships, growth, and exit strategy. The key deliverables for the course are a thorough understanding of the "language" of startup companies along with refined skills for developing and executing a business plan.

EGRMGMT 590.XX: Innovation Management in Tech Organizations (3 units)

This course takes students through a variety of issues related to managing innovation in the context of a technology-based organization. This includes managing know-how and innovation processes as well as creating an organizational culture that fosters and supports innovation. Students study best practices and benchmarks but must develop their own approach to managing innovation given each unique situation, including the organizational strategy, the competitive landscape, the strengths/weaknesses of the employees involved, etc. Nonetheless, there are accepted practices and concepts that will help guide students in developing a deeper understanding of this area.

Learning objectives include:

  • Understanding the different processes related to innovation in a technology-based firm
  • How to create a culture of innovation in an organization
  • The critical role of champions
  • Key concepts of innovation strategy

 

Steering Committee

Brad Fox

Brad Fox

Associate Dean, Duke Engineering Master's Programs

Jeff Glass

Jeff Glass

Senior Associate Dean, Duke Engineering Education and Learning Innovation

Emma Rasiel

Emma Rasiel

Teaching Director, Duke Financial Economics Center

Vahid Tarokh

Vahid Tarokh

Rhodes Family Professor of Electrical and Computer Engineering