2011-2013 Catalog (without addenda) 
    
    Apr 17, 2021  
2011-2013 Catalog (without addenda) [ARCHIVED CATALOG]

Financial Engineering, Financial Markets and Corporate Finance Track, M.S.


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Requirements for the Master of Science


A Bachelor’s degree is required for admission to this program. It is expected that students will have superior mathematical talent. Students with degrees in other fields may be admitted, possibly with undergraduate deficiencies, at the discretion of departmental advisers. Before beginning graduate studies, conditionally approved students must demonstrate proficiency in basic statistics, probability and mathematics. The Department makes available refresher courses for this purpose and to serve the population of students who have been out of academia prior to matriculating into this program. Prerequisites: GRE exam scores (GMAT may be substituted, but GRE is strongly preferred), Calculus (MA 1124  or equivalent) Probability and Statistics (MA 2212  and MA 2222  or equivalent), and Linear Algebra (MA 2012  or equivalent).

Master’s in Financial Engineering: 33 Credits


All tracks include in their program:

  • 5 core courses, each 3 Credits
  • Track required courses totaling 7.5 Credits
  • 1 required applied lab, worth 1.5 Credits
  • 4 elective courses, each 1.5 Credits
  • 1 Capstone Experience of 3 Credits

All MS Financial Engineering students must also complete the Bloomberg Essentials Online Training Program to be qualified for graduation. The Department of Finance and Risk Engineering supports students’ efforts in this area by providing many Bloomberg terminals and laboratory assistants to answer student questions. This is a zero-credit requirement that is listed here as FRE 5500 .

Note:

* For Risk Finance the 6 credits comprising FRE 6003  and FRE 6083  are replaced by FRE 6021 , FRE 6051 , and FRE 6223 .

All tracks: Core courses = 15 Credits.


Incoming MS students of Financial Engineering have four track options. Each track has required courses totaling 7.5 credits (except Risk Finance which requires 10.5 credits).

  • Financial Markets and Corporate Finance
  • Computational Finance
  • Technology and Algorithmic Finance
  • Risk Finance (Credit Risk, Financial Management and Insurance)

Required Labs per Track: 1.5 Credits


Students from all tracks must choose one of the following labs for 1.5 credits:

Required Certification: 0 Credits


All students must complete the following certification:

Capstone Options: 3 Credits


Financial Markets and Corporate Finance Track


Credit Allocation for Financial Markets and Corporate Finance, Computational Finance, and Financial Information Services and Technology tracks:


Core Courses: 15  
Required Courses: 7.5  
Elective Credits: 6  
Lab: 1.5  
Capstone: 3  
Total Credits: 33  

All these options require a review by faculty advisers and certification of satisfactory work.

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