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EPFL

Quality
0.21
Post-master’s salaries
$104,000
% of teaching conducted remotely
The academic year started with 25% of courses ‘in presence’ (course live-streamed and recorded via Zoom, 1/3 of students in class and 2/3 of students watching the course on Zoom). All courses switched to 100% online on October 26, 2020, as per decree by local government.
Url
https://www.risk.net/quantitative-finance/7719731/quant-guide-2021-epfl
Teaching staff
45
Salary ($)
104000
Description
The Master’s in Financial Engineering (MFE) at the Ecole Polytechnique Fédérale de Lausanne (EPFL) is one of a few courses in this year’s Quant Guide that have seen intake sizes increase, rather than shrink, amid the coronavirus pandemic. It is also one of the top-ranked European programmes featured in this year’s guide, ranking 19 . EPFL’s master’s – led by new course director, and current chair of the European Finance Association, Rüdiger Fahlenbrach – reports a cohort of 59 students for its most recent iteration, up from 32 in the last guide. The course received a slightly higher number of applications, too, at 200, and extended more offers. Structurally, the MFE requires students to tackle a series of foundational, advanced and optional courses. They also conduct a short project and complete a six-month industry internship. Course director Fahlenbrach says that a new module – Financial Applications of Blockchains and Distributed Ledgers – has been added over the past year, covering topics such as decentralised cryptos, Byzantine fault tolerances, bitcoin platform mechanics and smart contracts. It’s proven popular with students, he adds, along with a perennial favourite, a machine learning module taught by EPFL’s department of computer science. Fahlenbrach says that, fortunately, his programme was spared the internship-related travails experienced by some other institutions represented in this year’s Quant Guide. “All students found internships, although several had a mostly remote experience in the spring. Placement was, surprisingly, not much affected,” he tells . “Our students write a master’s thesis concurrently with the six-month internship, and traditionally many students receive permanent job offers afterwards.” The MFE reports an employment rate of 90.6% among its graduates this year, albeit with 25% of data unavailable. Salaries have also increased, up to a highly competitive average base rate of $104,000.
Rank
19
Offers accepted
35
Programme director
Rüdiger Fahlenbrach
Address
Lausanne, Switzerland
Title
Quant Guide 2021: EPFL
Applications received
200
Full-time students
59
Accept. rate
0.33
salary_descrepancy
6322.5
Visiting staff teaching hours
319
sheetnames
Academia
0
Students accepting
0.91
Class size
46
Staff to Students
0.76
peer_assessment
3.1
Average Citations
3362
Programme duration
2 years
Homework hours
1,545 across programme
Offers made
65
Application deadline date
tuition
72225
employment_descrepancy
0.06
Average class size
46
Most-cited lecturers
Boi Faltings: 6045 citations Rüdiger Urbanke: 4824 citations Rüdiger Fahlenbrach: 2402 citations Damir Filipovic: 1843 citations Erwan Morellec: 1696 citations
Ranking
14
Other
0.4
Consulting
0.14
Industry-affiliated teaching staff
2
Graduates employed in
Banking: 33.3% asset management: 12.6% consulting: 13.8% other: 40.3%
emplm_rate_grad
0.64
Industry-affiliated lecturers
0.04
International students
36
class_descrepancy
11.5
% of take-home/remote exams
Not yet fixed for fall 2020 semester. In spring semester of 2020, all exams were postponed and held on site in August.
emplm_rate_3_month_aft
0.93
Remuneration
0.37
avr_start_salary_bonus
97649.5
Employment rate
0.91
Teaching hours
1,155
Reputation
0.73
Part-time students
0
cohort_size
31
Asset Management
0.13
Gender balance of teaching staff
77.78% male, 22.22% male
Banking
0.33
missing_data
11
avr_gre_quant
168
Website
https://www.epfl.ch/education/master/programs/financial-engineering/
Fintech
0
Fees
No tuition, but enrolment fees of Sfr3,120 ($3,500)
Final
0.43
Gender balance of students
76.25% male, 23.75% female
Empl. rate
0.91
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