The vast complexity of financial markets compels industry to look for experts who not only understand how they work, but also possess the mathematical knowledge to uncover their patterns and the computer skills to exploit them. The goal of the degree is to produce graduates who can make pricing, hedging, trading, and portfolio-management decisions in the financial services enterprise. With sharply honed practical skills complimented by strong technical elements, graduates are in demand in the industries of investment banking, risk management, securities trading and portfolio management.
Students wishing to enroll in any of the FE programs must have an undergraduate degree in an engineering or science discipline, and must have completed coursework in:
- Calculus and Differential Equations,
- Probability and Statistics,
- Linear Algebra, and
- Programming Languages C++ or Java and Spreadsheets.
Students must also some basic knowledge in finacial engineering. Students without this background should enroll in FE 510. Note that FE 510 cannot be used as a course for a FE degree.
The master’s program consists of 10 courses for a total of 30 credits. All courses listed below are for 3 credits unless otherwise noted.
The courses shown in bold below could be taken via Stevens online WebCampus or at the local university before the student comes to the Stevens campus.
There are two tracks in the MS in FE program: Quantitative Financial Engineering and Financial Engineering Technology. Both tracks require the same core courses as follows.
Core Courses:
FE 610 Stochastic Calculus for Financial Engineers
- FE 620 Pricing and Hedging
- FE 621 Computational Finance
- FE 630 Portfolio Theory and Applications
- FE 699 Project in Financial Engineering or
- FE 700 Masters Thesis in Financial Engineering
For the Quantitative FE Track the following courses are required:
MA 547 Advanced Calculus
- MGT 625 Investments and Capital Markets
MA 650 Partial Differential Equations
- Plus two courses from the following list:
- FE 680 Advanced Derivatives
- MA 653 Numerical Solutions of Partial Differential Equations
- MA 615 Numerical Analysis I
- MA 641 Time Series Analysis I
- MGT 700 Econometrics
- MGT 730 Design and Analysis of Experiments
- MGT 710 Risk Management Methods and Applications
For the FE Technology Track with a concentration in Databases and Networks the following courses are required:
SSW 540 Fundamentals of Software Engineering
CS 561 Database Management Systems I
- CS 573 Fundamentals of Cybersecurity
- Plus two courses from the following list:
- FE 680 Advanced Derivatives
- CS 666 Information Networks I
- CS 668 Fundamentals of Cryptography
- CS 694 E-Business Security and Information Assurance
- MIS 620 Analysis and Development of Information Systems
- MIS 630 Data and Knowledge Management
- MGT 710 Risk Management Methods and Applications
- MGT 770 Economics of Networks
For the FE Technology Track with a concentration in Information and Modeling the following courses are required:
- SYS 611 Modeling and Simulation
- SYS 660 Decision and Risk Analysis
- SYS 670 Forecasting and Demand Modeling Systems
- Plus two courses from the following list:
- FE 680 Advanced Derivatives
- SYS 681 Dynamic Modeling of Systems and Enterprises
- MIS 620 Analysis and Development of Information Systems
- MGT 630 Data and Knowledge Management
- MGT 710 Risk Management Methods and Applications
Contact: Associate Dean John Farr, jfarr@stevens.edu
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