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The Operations Research and Financial Engineering (ORFE) department focuses on advancing statistical, probabilistic, and optimization theories to derive insights from data and inform optimal decision-making. Primarily designed for Ph.D. candidates, the department also offers a research-intensive Master of Science in Engineering (M.S.E.) program, which mandates a thesis and two years of full-time study. Qualified M.S.E. students may receive financial aid through teaching or research assistantships when funding permits. With highly selective admissions, acceptance depends on academic merit and faculty endorsement—prospective students must secure a faculty advisor aligned with their research interests. Those seeking a finance-focused master's should consider the Bendheim Center for Finance's Master in Finance Program. Additional details about the M.S.E. program are available on the School of Engineering's website.