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Quant Finance Major Grows at Stevens Institute

The Lawrence T. Babbio, Jr. Center for Technology Management at Stevens Institute of Technology, Hoboken, New Jersey.
The Lawrence T. Babbio, Jr. Center for Technology Management at Stevens Institute of Technology, Hoboken, New Jersey. Photograph by Najlah Feanny/Corbis

Last week the Stevens Institute of Technology in Hoboken, N.J., opened its Financial Systems Center, a laboratory for future traders, complete with a replica of an investment bank’s trading floor and a cyber security testing facility. The most distinctive feature of the center, however, is a program that few schools can boast: An undergraduate degree in quantitative finance.

Typically, if a student wants to pursue a degree in quantitative finance, it comes at the graduate level after first earning a bachelor’s degree in another area. But administrators at Stevens, led by Executive-in-Residence George Calhoun, wondered if it would benefit students if the school bucked the trend and offered an undergraduate degree in quant finance.