Program schedule

Schedule

The MS in Financial Engineering & Risk Management is a three semester, on-campus degree program. The program consists of 30 units (10 courses) to be completed over 12 months.

There are nine requirement courses and a final, semester-long capstone research project. In the capstone project, you will work on a real-world business problem based on your interests and career goals, and then set out to use everything you have learned along the way to create a solution.

By the time you are done, the work you have completed on your capstone project could make the transition into your chosen career feel like the next logical step.

Course schedule and descriptions

You will take four courses in the fall, four courses in the spring and two courses over summer. This will allow you to graduate in less than a year after you entered the program.

- Click on course title to see class description -

Fall

Finance 444: Options and Futures

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Options and Futures

Put and call options, option pricing theory and models. Financial futures pricing, hedging strategies and models. Institutional characteristics of futures trading. Options and futures on stock indices. Options on futures, theoretical relationship between options and futures.
Finance 517: Managerial Finance

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Managerial Finance

Modern theory and practice of financial management. Net present value and the time value of money. Basic principles of risk and return, from an asset pricing perspective, as applied to the valuation of debt and equity. Capital budgeting and forecasting. Capital structure and dividend theory. Firm valuation from a value-based management and corporate governance perspective.
Finance 541: Seminar in Investment Management

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Seminar in Investment Management

Problems of investment and portfolio management; concepts of risk evaluation and investment criteria; analysis of interest rate movements; investment valuation and timing; regulation and administrative problems of the industry.
Finance 560: Seminar in Corporate Risk Management and Insurance

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Seminar in Corporate Risk Management and Insurance

Considers how risks are managed with diversification, capital structure, loss control, corporate governance, and how they are financed with commercial insurance contracts and other alternatives. Analyzes markets and instruments created to enable corporations to manage downside risks.

Spring

ISDS 505: Programming Concepts for Information Technology

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Programming Concepts for Information Technology

Application programming fundamentals for information technology systems; structured and object-oriented programming, accessing and management of database tables and external files; layout design and data extraction for advanced output; testing, debugging and analysis tools.
Finance 542: Seminar in Financial Engineering Models

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Seminar in Financial Engineering Models

The theoretical basis of certain financial models, including: binomial tree models and risk-neutral valuation in discrete time, Brownian motion and risk-neutral valuation in continuous time, Black-Scholes option pricing models and various interest rate models.
Finance 561: Seminar in Financial Risk Management

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Seminar in Financial Risk Management

Financial risk management from an institutional, regulatory, and modeling perspective. Market and credit risk. Modeling, simulation, and estimation of risk techniques. Value at Risk and expected shortfall. Risk regulations including Basel I, II and III, Solvency II. Case study.
Finance 562: Enterprise Risk Management

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Enterprise Risk Management

ERM framework with the integration of pure, financial, strategic and operational risks. Discusses seven building blocks for developing an ERM program. Legal and regulatory environment, technical tools and future prediction on ERM.

Summer

Finance 528: Financial Economics

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Financial Economics

Valuation or corporate liabilities and other securities. Economic decision-making under uncertainty and asset pricing theories are analyzed rigorously. Other topics may include optimal capital structure, the market for corporate control, or macroeconomics aspects of finance.
Finance 597 (capstone project)

What’s your next step?

Learn about the application process or receive a FERM Program Guide by joining the email list. By joining the list you will also receive program and application updates.