NYU Stern of Business to launch a fintech master’s program

BY Sydney LakeMarch 29, 2022, 5:00 PM
Leonard N. Stern School of Business, New York University, New York City. (Photo by: GHI—Education Images/Universal Images Group/Getty Images)

Fintech is the future of finance. As of late 2021, nearly 90% of Americans used some sort of financial technology (fintech), oftentimes for banking, making payments or investing, according to previous reporting by Fortune based on a study by Plaid. There’s been a “seismic shift in finance” in recent years, notes Kathleen DeRose of New York University (Stern), and that’s prompted the top-ranked business school to launch a master’s of science degree program in fintech that will begin in May 2023.

“The sector is thriving, but also demands new skills, namely fluency in both finance and data science,” DeRose, academic director of the new program and director of the Fubon Center Fintech Initiative at NYU Stern, tells Fortune. “We have the track record, faculty strengths, and industry relationships to offer a comprehensive specialized degree that will give working professionals access to the latest knowledge, research, and networks.”

NYU Stern has long taken a stake in the emerging fintech industry; it was one of the first business schools to offer fintech courses in 2014. Two years later, it became the first business school to offer a dedicated fintech MBA specialization and hosted its first annual Fintech Conference. Then in 2017, the school established the Fubon Center.

“With the transformation of the global financial system, technology is now the language of business, and today’s finance leaders need to be fluent translators in order to drive change,” NYU Stern Dean Raghu Sundaram said in a statement announcing the program. “Students interested in the thriving fintech field will benefit from Stern’s legacy in fintech education led by world-renowned faculty experts, our deep ties to the fintech industry in New York City and around the world, as well as our experience in offering flexible modalities of learning.” 

What to expect from the fintech master’s program

The new program—which is designed for working professionals who are interested in strengthening their fintech skills or transitioning to a fintech-focused role—is part-time and can be completed in a year. DeRose says the school anticipates drawing candidates from financial institutions, fintech startups, and tech companies.

“We also anticipate attracting people who may be outside of industry but have a passion for fintech given all the recent advancements and want to build a knowledge base,” she adds.

Students complete one live, online module followed by six on-site modules in New York City and “rotating global fintech hubs” including London and Singapore. The program requires 34 credits to complete and will be taught mostly by the finance, technology, operations, and statistics departments of the business school. 

Modules range from two days to seven days and students should expect to spend about 20 hours to 25 hours per week doing coursework. The master’s degree costs $83,000, which includes tuition, course materials, and some meals and official events.

“Unlike a full-time MBA that is designed for career switchers, this is a program for working professionals,” DeRose says. “That said, students will graduate with the skills and perspective to be disrupters in the fintech field as leaders in their current firms or to create a future path for growth elsewhere.”

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