BA/MA Five Year Programme with the Stevens Institute of Technology

The Faculty of Economics has an agreement with the Stevens Institute of Technology for a combined BA/MA Five Year Programme. Students enrolled in the Faculty of Economics can apply. Students who satisfy the graduation requirements of both institutions will be awarded a Bachelor of Arts (Economics) from Keio and a Master of Science (MSc) degree from Stevens. Successful applicants are accepted into one of the two graduate school programmes of their choice, and the actual title of the master’s degree awarded by Stevens will be a MSc in the respective fields: Financial Analytics or Financial Engineering.

Programme Outline

The maximum number of participants is five per year. The study plans for students who participate in this Programme are shown in the diagrams below.

Type A/B students (5.5year programme)
YEAR	1		2		3		4		5		6
SEMESTER	Spring	Autumn	S	A	S	A	S	A	S	A	S
ENROLMEN	Keio									Stevens
	(1a)    (1b)(2)										(3)

(1a)(1b)Application & Screening (a: March of the third year; b: November of the fourth year)
（2）Graduation (B.A. (Economics) from Keio)
（3）Graduation (Master’s from Stevens)

Note
1.Type A/B students refers to students whose study at Keio begins in April and whose principal language of tuition is Japanese.
2.Students have the chance to apply twice (1a and 1b above).

About the Stevens Institute of Technology

Stevens Institute of Technology, founded in 1870, is a prominent private research university with a strength in Science, Technology, Engineering and Mathematics (STEM). Located in Hoboken, New Jersey, overlooking the Manhattan skyline, the school is known for its excellent job placement record. Graduates of Master’s programmes in finance-related fields have utilized their skills and expertise in such careers as data scientists, research analysts, and financial analysts.

Eligibility and Application Guideline

Applicants must satisfy the following requirements at the time they apply for this Programme:

1. be a Keio student enrolled in the Faculty of Economics and have successfully completed at least the first five semesters in the case of PEARL students, and at least the first six semesters in the case of Type A/B students;
2. a TOEFL iBT score of 90 or more or an IELTS score of 7.0 or more*;
   *PEARL students are exempted from this English requirement.
3. a minimum Grade Point Average (cumulative GPA) of 2.3; and
4. satisfy the following course requirements:
   have earned or are expected to earn credits for four Keio courses (a total of 8 Keio credits) transferrable to Stevens*. Note that you may not count these credits toward your graduation requirements of 126 credits at Keio, as they should be registered as Optional Courses. Moreover, the grade for all of the four courses must be “B” or higher.
   
   *The list below shows the courses whose credits are typically transferrable to Stevens. The 8 Keio credits are recognized as being equivalent to a total of 9 Steven credits, and you will be taking the remaining 21 out of 30 credits required for graduation from Stevens over two semesters to complete a Master’s programme.
• AY2025 Application Guideline(For Type A/B students)
• AY2025 Application Guideline(For PEARL students)

分野/Field	科目名	Course Title
基本科目 Core Courses	計量経済学上級ａ	ADVANCED ECONOMETRICS A
	計量経済学上級ｂ	ADVANCED ECONOMETRICS B
	確率・統計ａ	PROBABILITY AND STATISTICS A
	確率・統計ｂ	PROBABILITY AND STATISTICS B
	金融論ａ	MONEY, BANKING, AND FINANCE A
	金融論ｂ	MONEY, BANKING, AND FINANCE B
特殊科目 Advanced Courses	時系列分析ａ	TIME SERIES ANALYSIS A
	時系列分析ｂ	TIME SERIES ANALYSIS B
	ベイズ統計学ａ	BAYESIAN STATISTICS A
	ベイズ統計学ｂ	BAYESIAN STATISTICS B
	人工知能入門ａ	INTRODUCTION TO ARTIFICIAL INTELLIGENCE A
	人工知能入門ｂ	INTRODUCTION TO ARTIFICIAL INTELLIGENCE B
	ファイナンス入門ｂ	INTRODUCTION TO FINANCE B
	フィンテックの理論と実践ａ	THEORY AND PRACTICE OF FINTECH A
	フィンテックの理論と実践ｂ	THEORY AND PRACTICE OF FINTECH B
	ファイナンス特論	ADVANCED FINANCE

Application Forms

All required forms are available from the following page:

• Application forms for the BA/MA Five Year Programme with Stevens

Screening

Applicants will be evaluated based on their application documents and an interview.

Selection Schedule

The first round (March) is for students enrolled in their third year, and the second-round (November) is for students enrolled in their fourth year. Applicants pre-selected by Keio can proceed to the final selection by applying to Stevens.

	First round (March）	Second round（November）
Application	February to March	October
Pre-screening	March	November
Announcement of Pre-screening Results	Early April	Early December
Application to Stevens	Early- to mid-April	December to early January
Announcement of Final Results*	May to June	February to March
Leaving for the United States	August to September, the following year	August to September

*While successful students become a programme candidate, they need to satisfy the conditions for credit transfer in order to be officially admitted to Stevens.

Note: This schedule is subject to change. Please refer to the forthcoming application guidelines.

Programme Fee

Tuition:Students from Keio will pay their tuition fees to Stevens while studying there. The annual tuition is about US$25,500 (=AY2020/21). This is the amount of tuition after a 30% discount applicable to BA/MA programme participants has been applied.

Medical Insurance：Students are responsible for purchasing a health insurance policy such as those for long-term study abroad.

Graduate Assistantship：Graduate students may apply for a graduate assistantship, whose allowance is approximately US$4,000 per semester.

Links

Stevens Institute of Technology
Financial Analytics Master’s Degree
Financial Engineering Master’s Degree

（Last updated 2022-1-27）