Business & Management Programs at Rensselaer Polytechnic Institute
This school appears in our ranking of the 25 Great Master of Financial Engineering Programs.
Learning business, management, finance, and accounting at Rensselaer Polytechnic Institute means studying at the Lally School of Management. Available programs at the undergraduate level include a Bachelor of Science in Business and Management, a five-year bachelor plus master’s degree program in business and management, as well as several combination degrees that add a bachelor’s degree to an MBA program, and Juris Doctor (J.D.) program.
Students may also consider the unique EngMBA at the Lally School, which is a five-year engineering and Master of Business Administration degree, or the SciMBA, which is a science degree plus an MBA. Each combination degree plan is designed to take five or six years and is often earned faster than the degrees a student would have earned on separate timelines. Students who already have an undergraduate degree also have several options for graduate programs that include a unique Master of Science program that offers students the choice of five concentrations.
Those areas of study include Business Analytics, Quantitative Finance & Risk Analysis, Technology Commercialization & Entrepreneurship, Supply Chain Management, and Management. Students may also enroll in a part-time MBA or M.S. program if they’re already a working professional and need the convenience of evening classes or convenient class times. Part-time degree options include Business Analytics, Supply Chain Management, Technology Commercialization & Entrepreneurship, Management, and a part-time MBA program.
One of the most interesting degrees at Rensselaer Polytechnic Institute is the M.S. in Quantitative Finance and Risk Analysis. The degree program features a study on emerging practices in quantitative finance, the opportunity to conduct empirical research and construct computation models. Within the degree, students may concentrate on risk analytics or quantitative finance, as well as choose a generalist track. Throughout the program, students receive mentoring from executives in the field of quantitative finance who are part of an advisory board for the program.
Classes students will undertake for this graduate degree include Financial Management, Financial Modeling, Financial Simulation, Options Futures & Derivatives Markets, and Financial Computation. They will also choose two electives from a list of classes that includes Financial Markets & Institutions, Accounting for Reporting Control, International Finance, and Risk Management. The degree also requires an elective under the computational skills area of study of either Nonlinear Programming or Computational Optimization.
Students interested in earning a Doctor of Philosophy in an area of management, finance, accounting, and business may wish to consider the Doctor of Philosophy program in Management. The curriculum requires that students complete 90 credits in a timeline of around three years. Students in the program usually have an MBA or a graduate degree in management from an AACSB-accredited school that was earned in the last seven years. Areas of research available to students include Finance & Accounting, Organizational Behavior, Marketing, Operations Management, Strategic Management, and Information Systems.
About Rensselaer Polytechnic Institute
Rensselaer Polytechnic Institute was founded in 1824 as the Rensselaer School in Troy, New York. The school has additional campuses in Groton and Hartford, Connecticut. There are six schools within the university that are divided into 37 different departments. The institute’s primary focus is on science and technology. Some of the most popular and well-known programs at the school include those in business, management, engineering, information technology, computing, and design. Several well-known scientists have been connected to the school including five winners of the National Medal of Science, six members of the National Inventors Hall of Fame, and eight Fulbright Scholars. There are more than 7,500 students attending Rensselaer’s 265-acre suburban campus.
Rensselaer Polytechnic Institute Accreditation Details
Like other schools in the New York area, Rensselaer Polytechnic Institute is accredited by the Middle States Commission on Higher Education (MSCHE), as well as by a number of program-specific and department-specific organizations. For example, the school’s engineering, computing, applied science, and technology programs are accredited by the Accreditation Board for Engineering and Technology. The school’s business and management programs are accredited by the Association to Advance Collegiate Schools of Business (AACSB). The architecture program is accredited by the National Architectural Accrediting Board (NAAB). The school’s programs that involve the study of chemistry are accredited by the American Chemical Society (ACS).
Rensselaer Polytechnic Institute Application Requirements
Admission to Rensselaer Polytechnic Institute varies depending on the program to which a student wishes to apply, as well as the level of that program. Not only do students have several options for the time of their application, but they may also use one of four different online applications. The checklist for applications to undergraduate school at Rensselaer Polytechnic Institute includes a high school transcript, letter of recommendation, test scores, essay, and an application fee. Students may also need to submit a portfolio for certain programs or an Early Decision Agreement if it’s required. In the Lally School of Management, students may need to submit extra application materials if they intend on entering the Accelerated Law Program (B.S./J.D.).
Tuition and Financial Aid
Tuition for undergraduate students at Rensselaer Polytechnic Institute is $51,000. Students must also pay fees of $1,305, pay $2,867 for books and supplies, and pay $14,960 for room and board. In all, for students who choose to attend Rensselaer Polytechnic Institute and live on campus, the total cost of attendance is $70,132. Tuition for graduate programs at Rensselaer Polytechnic Institute is the same at $51,000, and the fees, books, and supplies costs are around the same, too. Students live off campus for graduate school, and the institute estimates living expenses of $13,970 per year. Students who attend part-time in Troy will pay $2,125 for each credit hour.
Students accepted to programs at Rensselaer Polytechnic Institute are eligible for federal student aid because the school is regionally accredited by the Middle States Commission. Students at the undergraduate level are also considered for merit-based awards but must submit a FAFSA form and CSS profile in order to be considered for these awards. To maintain financial aid award eligibility, students must continue to submit a FAFSA form each year. Outstanding math and science students are eligible for a merit scholarship of $100,000 called the Rensselaer Medal. Students interested in a finance or accounting program at Rensselaer Polytechnic Institute’s Lally School of Management will want to inquire about these special financial aid awards when they apply.
