DINESH VERMA, DEAN
JOHN V. FARR, ASSOCIATE DEAN FOR ACADEMICS
MICHAEL C. PENNOTTI, ASSOCIATE DEAN FOR PROFESSIONAL PROGRAMS

FACULTY (1)

Professor
    John V. Farr, Ph.D., P.E. (1986), University of Michigan
    Donald N. Merino, Ph.D., P.E., Alexander Crombie Humphreys
        Professor (1975), Stevens Institute of Technology
    Dinesh Verma, Ph.D. (1994), Virginia Tech    

Associate Professor
    Rashmi Jain, Ph.D. (2003), Stevens Institute of Technology

Assistant Professor
    Wei Jiang, Ph.D., (2000), The Hong Kong University of Science and
        Technology
    Roshanak Nilchiani, Ph.D. (2005), Massachusetts Institute of
        Technology
    Jose Emmanuel Ramirez-Marquez, Ph.D. (2004), Rutgers University
    Brian J. Sauser, Ph.D. (2004), Stevens Institute of Technology    

Distinguished Service Professor
    Anthony Barrese, Ph.D. (1978), Stevens Institute of Technology
    Wiley Larson, Ph.D. (1988), Texas A&M Univesrity
    Spiros Pallas, Ph.D. (1972), University of Texas
    Carl Pavarini, Ph.D. (1973), Rensselaer Polytechnic Institute
    Michael C. Pennotti, Ph.D. (1974), Polytechnic Institute of New York

Distinguished Research Professor
    John T. Boardman, Ph.D. (1970), University of Liverpool
    Arthur Pyster, Ph.D. (1975), Ohio State University

Industry Professor
    Bruce Barker, M.S. (2004), Stevens Institute of Technology
    Leon A. Bazil, Ph.D., D.Sc. (1984), St. Petersburg Technical University
    Howard Berline, Ed.M. (1968), University of Illinois, Urbana
    Rick Dove, B.S., (1969) Carnegie Mellon University
    Ralph G. Giffin, III, B.S. (1988), George Mason University
    George Hudak, M.S., P.E. (1995), Stevens Institute of Technology
    Khaldoun Khashanah, Ph.D. (1994), University of Delaware
    David Nowicki, M.S. (1990), Virginia Polytechnic Institute and State University

Lecturer
    Kathryn D. Abel, Ph.D. (2001), Stevens Institute of Technology
    Eirik Hole, Diplom Ingenieur (1995), University of Stuttgart
    Alice Squires, M.B.A. (1996), George Mason University

Research Associate Professor
    Robert Cloutier, Ph.D. (2006), Stevens Institute of Technology

School Advisory Board
    Mr. Mark Schaeffer, Director of Systems and Software Engineering,
        Office of Secretary of Defense (Chair)
    Mr. Orlando Carvalho, Vice President and General Manager, Lockheed Martin MS2
    Mr. George Dasher, President, ASSETT, Inc.
    Dr. Wolter J. Fabrycky, Lawrence Professor Emeritus, Virginia Polytechnic Institute and         State University
    Mr. Chris Ferreri, Managing Director, ICAP Electronic Broking
    Dr. Val Gavito, Senior Vice President Technology and Strategic Development,
        L3 Communications
    Mr. Jack Irving, Vice President, Lockheed Martin (Retired)
    Dr. James Kays, Dean, Graduate School of Engineering and Applied Sciences,
        Naval Postgraduate School
    Mr. Robert Klein, Vice President of Engineering, Technology, and Logistics,
        Northrop Grumman – AES and EWS
    Dr. George Korfiatis, Provost and University Vice President,
        Stevens Institute of Technology
    Dr. Wiley Larson, Director of SpaceTech’s Master's Program in Space Systems
        Engineering, Delft Technical University in The Netherlands
    Mr. Ralph Nelson, Vice President, IBM Global Services
    Dr. Spiros Pallas, Deputy Director, Defense Systems,
        Office of Secretary of Defense (Retired)
    Mr. Tom Parry, Vice President, Systems Engineering, Decisive Analytics Corporation
    Dr. Richard Roca, Director, Applied Physics Laboratory, Johns Hopkins University

Undergraduate Programs Advisory Board
    Mr. Kevin Dice, Iron Mountain
    Dr. Sujoy Dey, Johnson and Johnson
    Ms. Allison Donnelly, Accenture Consulting
    Dr. Timothy Koeller, Associate Dean, Howe School of Technology Management,
        Stevens Institute of Technology
    LTC Donna Korycinski, Director of the Engineering Management Program, U.S.
        Military Academy
    Dr. Willie McFadden, Senior Associate, Booz Allen Hamilton, Inc.
    Mr. Bob Thoelen, Hamilton Sundstrand
    Ms. Melissa Traylor, JP Morgan
    Mr. Mark Troller, Time Warner Corp.
    Dr. Henry Wiebe, Vice Provost for University of Missouri-Rolla Global

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MISSION AND OBJECTIVES

    Today’s engineered systems are more complex than their predecessors, not only in the sophistication of elements from which they are constructed, but in the number and nature of the interconnections between the elements. System failures today, whether an automobile malfunction on a busy highway or loss of a spacecraft on a distant planet, are likely to result from an unanticipated interaction between elements than from the failure of a single part. Softwar- intensive systems represent a special challenge because of the myriad of possible logic paths that can be woven through their code. As Moore’s law continues to drive down the size of computers and drive up their speed and power, software that was once deeply embedded within physical components has begun to emerge, enabling collaboration between components that would have been unimaginable only a few years ago.

    While the complexity of technical systems continues to grow, equally as exciting is the emergence of a new class of systems, one for which there is no central control. Perhaps most readily exemplified by the Internet, such systems are characterized by the autonomy enjoyed by their elements, each one acting locally to achieve its individual purpose without benefit of centralized control. Yet, because the elements are richly interconnected, such systems are capable of self-organizing to produce emergent behavior for which they have not been specifically designed. We are only beginning to scratch the surface in exploring the possibilities represented by these decentralized systems, or perhaps more properly, systems of systems. Understanding their behavior, and perhaps even more ambitious, how to create conditions that result in their producing favorable outcomes, will keep researchers and designers occupied for many years to come.

    Enterprises represent a special case of systems, one with enormous economic importance. While not traditionally considered within the same domain as technical systems, enterprises are increasingly being seen as representatives of a broader class of human-designed systems, of which technical systems are only one part. The simplest definition of an enterprise, three or more people engaged in purposeful activity, would certainly be recognized as a system by a traditional systems engineer. Even this simple enterprise comprises elements (people) working together to achieve a common purpose, but today’s global enterprises are far more complex than this simple definition implies. Enabled by a revolution in communications and information technologies, they may be among the most complex systems ever conceived of by humans. In a sense, treating them in the same class as technical systems represents a natural evolution, from enterprise systems as enabling technology, to enterprises as systems of cross-functional processes, to enterprises as systems in their own right. Certainly, as we look at extended enterprises, the elements of which may be independent firms widely dispersed across the globe, each with their own motivations, expertise, cultures, and organizations, yet collectively working together to produce a product or service valued by customers, the challenge of designing, managing, evaluating, and optimizing these systems is the equal of any we can find.

    It is in this context that Stevens created the School of Systems and Enterprises (SSE) with the mission to create knowledge and understanding at the confluence between Systems and Enterprises. We as a school are also committed to an educational and research philosophy that we refer to as the "Open Academic Model," where:

• We will develop meaningful alliances with academic partners to develop and leverage thought leadership and competencies in our instructional and research initiatives, leading to the greatest benefit to our students and our sponsors, and
  
• We will blur the boundary between the academic setting and the industrial/ government reality in our instructional and research approach. This will be achieved through:
  
  • Bringing a fresh perspective to industry and government in an executable form – a specific method, tool, heuristic, or template; and
    
  • Bringing the industry and government reality into academia in a researchable or usable form – a problem statement, a specific challenge, heuristics, and case studies.

    We believe that this concept of alliances is essential to developing relevant and connected programs for the Systems Engineering (SE), Engineering Management (EM), Enterprise Systems (ES), and Financial Engineering (FE) disciplines within academia.

    The SSE faculty is engaged in a variety of research efforts in the new school to support our academic endeavors, that include:

• Enterprise Architecting,
• Enterprise Optimization,
• Systems and Enterprise Management, and
• Systems Engineering, Architecting, and Testing

    To support our research mission, the SSE houses the Systems and Enterprise Architecting Laboratory (SEAL). The SEAL provides a research environment and tooling for collaboration to let a team work on the design, analysis, and system architectures. The SEAL also serves as a central repository for the generated information, and can offer opportunities for gathering of metrics and experiments with data mining to extract system level patterns.

UNDERGRADUATE PROGRAMS

Engineering Management
    Engineering Management is a rapidly-expanding field that integrates engineering, technology, management, systems, and business. High-technology companies in the telecommunications, financial services, manufacturing, pharmaceutical, consulting, information technology, and other industries utilize the concepts and tools of EM, such as project management, quality management, engineering economics, modeling and simulation, systems engineering and integration, and statistical tools. These technology-based companies recruit EM graduates for their expertise in these tools and techniques and to fill a critical need of integrating engineering and business operations.

    The EM program combines a strong engineering core with training in accounting, cost analysis, managerial economics, quality management, project management, production and technology management, systems engineering, and engineering design. The course selection offered by this major exemplifies the Stevens interdisciplinary approach to developing strong problem-solving skills. The program prepares students for careers that involve the complex interplay of technology, people, economics, information, and organizations. The program also provides the skills and knowledge needed to enable students to work effectively at the interface between engineering and management and to assume professional positions of increasing responsibility in management or as key systems integrators.

    The mission of the Bachelor of Engineering in Engineering Management (BEEM) Program is to provide an education based on a strong engineering core, complemented by studies in business, technology, systems, and management; to prepare the graduate to work at the interface between technology/engineering and management; and to be able to assume positions of increasing technical and managerial responsibility. The objectives of the EM program can be summarized as follows:

• EM graduates have a strong general engineering foundation and are able to use modern technological tools while working on complex multidisciplinary problems.
• EM graduates will have assumed leadership positions in their chosen areas of work using knowledge gained from their engineering management education.
• EM graduates effectively work in teams on projects to solve real-world problems. This effort can involve information research, the use of project management tools and techniques, and the economic justification of the solution that is effectively communicated in a written or oral project report/business proposal that is presented to the client.
• EM graduates possess the ethics, knowledge, skills, and attributes to define, design, develop, and manage resources, processes, and complex systems needed to work in a multidisciplinary team environment.
• EM graduates apply the management tasks of organizing, staffing, planning, financing, and the human element and have the tools to continue sustained intellectual growth in the corporate or academic world.

    The EM Program is accredited by the Engineering Accreditation Commission of the Accreditation Board for Engineering and Technology (ABET). A typical course sequence for EM follows:

Notes:

• E 355 is a core courses for all engineers that is taught by SSE faculty;
• Students can take MGT 243 and MGT 244 in any semester; these courses are part of the humanities requirements for social science; and
• Students with AP, transfer, or other credit for Statistics are still required to take the one-credit EM 364 Statistics Laboratory.

Requirements for a Minor in Engineering Management

EM 270 Management of Engineering and Technology
EM 275 Project Management
EM 301 Accounting and Business Analysis
EM 360 Total Quality Management

EM Minors typically take the following courses as part of the Engineering Curriculum:

Required Engineering Core

E 243 or EM 365 Statistics
E 355 Engineering Economics

Required Humanities Core

MGT 243 Macroeconomics
MGT 244 Microeconomics

Students wishing to pursue an EM minor should use any three of the EM 275, 270, 301, or 360 courses to satisfy the requirements for two of the three general electives. Thus, an EM minor requires a two-course overload.

Engineering with a Concentration in Information Systems Engineering

    The SSE and Department of Electrical and Computer Engineering (ECE) of the Charles V. Schaefer, Jr. School of Engineering and Science jointly offer an Information Systems Engineering (ISE) concentration under the Engineering Program in the undergraduate curriculum.

    The goal of the ISE concentration is to produce graduates with a broad engineering foundation who can be effective in the analysis, design, construction, implementation, and management of information systems. A student can choose either a focus area in information systems management or networked information systems (NIS). Students taking the NIS focus will, in general, take their senior design sequence with students in the Bachelor of Engineering in Computer Engineering (CPE) program. Whereas, those students taking the ISM focus will take their senior design sequence with students in the Bachelor of Engineering in Engineering Management (BEEM) program. The following lists typical electives within each focus. Other appropriate electives can be chosen with the approval of a faculty advisor.

Network Information Systems (NIS): Electives for the NIS focus can be selected from any ECE undergraduate or 500-level courses consistent with the themes of networks, information, and networked information systems. When appropriate, courses from other academic programs can also be used, with a maximum of 2 courses from other academic programs. The Director of the ECE Department serves as advisor to students in this focus area and electives must be approved by the ECE Director.

Information Systems Management (ISM): Rapid advancements in technology and dynamic markets and the changing business environment have created increased demand for professionals who can manage and deliver information systems. This demand has been accelerated by new competition, shorter product life cycles, and more complex and specialized markets.

EM 301 Accounting and Business Analysis (Fall of junior year)
EM 385 Innovative System Design (Spring of junior year)
EM 360 Total Quality Management (Spring of senior year)

The mission of the Bachelor of Engineering in ISE (BEISE) Program is to provide an education based on a strong engineering core, complemented by studies in business, computer engineering, systems, and management, to provide systems professionals who can develop, lead, and evolve information resources partnering with corporate management. ISE graduates are prepared to work at the interface between engineering and management to design and build innovative new products and services which balance the rival requirements of competitive performance/cost and practical constraints imposed by available technologies.

The objectives of the BEISE program can be summarized as follows:

• ISE graduates have a strong general engineering foundation and are able to use modern technological tools while working on complex multidisciplinary problems.
• ISE graduates will have assumed leadership positions in their chosen areas of work using knowledge gained from their information systems education.
• ISE graduates effectively work in teams on projects to solve real-world problems. This effort can involve information research, the use of project management tools and techniques, and the economic justification of the solution that is effectively communicated in a written or oral project report/business proposal that is presented to the client.
• ISE graduates will be proficient in the systematic exploration of the design space to achieve optimized designs.
• ISE graduates possess the ethics, knowledge, skills, and attributes to define, design, develop, and manage resources, processes, and complex systems needed to work in a multidisciplinary team environment.
• ISE graduates will apply engineering and management skills and the tools to continue sustained intellectual growth in the corporate or academic world.

Engineering – Concentration in Information Systems Engineering, Information Systems Management (ISM) Focus

Four Plus One Program

    The SSE offers a unique four plus one style program designed for Stevens undergraduate engineering and science students who wish to jointly pursue a Masters of Engineering in Engineering Management (MEEM) or in Systems Engineering (MESE) degree concurrently with their undergraduate degree. Admissions criteria to the program are junior standing, a formal interview, and a Grade Point Average (GPA) of at least 3.2 in engineering or science. All undergraduates in these programs are encouraged to take MGT 243 and MGT 244, Microeconomics and Macroeconomics, respectively.

   Certificates in Systems Engineering and Architecting, Engineering Management, Financial Engineering, Logistics and Supply Chain Analysis, Pharmaceutical Manufacturing Practices, Project Management, Systems Engineering Management, and Systems Supportability and Engineering are approved for this program. Other certificate options must be approved by the Associate Dean for Academics within the SSE.

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GRADUATE PROGRAMS

    The SSE offers the Master of Engineering degrees in SE and EM and a Master of Science degree in Financial Engineering (FE) and Enterprise Systems (ES) through a wide variety of delivery modes to include traditional 15-week face-to-face semester format, web-based distance format, and the Systems Design and Operational Effectiveness (SDOE) program’s modular format. The degree of Doctor of Philosophy is offered in Systems Engineering, Engineering Management, and Enterprise Systems.

    The SDOE program is an international leader in engineering education and offers a flexible delivery format tailored to the working professional. All courses in the SDOE program are offered in a unique week-long modular format. The week-long modular format minimizes time away from “home base,” while the live and intensive weeklong courses, and associated group exercises, ensure development of team building skills, leadership development, and the real-time negotiation and tradeoffs that characterize reality. Students are given reading assignments prior to the instructional week. Further, participants pursing a degree or graduate certificate have ten weeks subsequent to the instructional week to complete their homework assignments and projects. Homework assignments and projects are not required for those students taking SDOE classes for continuing education units (CEUs) credit (2).

    The school's programs in SE, EM, and ES take a multidisciplinary approach to engineering education by providing a blend of engineering, systems, and management subjects. The traditional engineer and scientist often lacks preparation in the human, financial, and systems integration skills necessary to make project teams more productive, improve system and service quality, and promote the advancement of high technology for complex systems. Our Masters' programs are unique in that we strive to produce a graduate who is well prepared for a future in the management of engineering and technology and can address systems integration, life-cycle issues, and systems thinking at the system, systems of systems, and enterprise levels.

    The M.S. in FE services the financial services industries. This industry has an increasing need for graduates who are trained in the mathematical methods that are now used to solve problems in finance. In our financial engineering program, you learn how to use relevant techniques from applied mathematics, statistics, and economics to develop, analyze, and implement financial products involving securities valuation, risk management, portfolio structuring, and regulatory concerns. Training in quantitative analysis, modeling, optimization, simulation techniques, and technology interface is emphasized. Financial Engineering serves the financial services industries that are home to some of the most complex systems and enterprises in our society.

Master’s Programs

    These programs require a minimum of 30 credit-hours of course work. A thesis and/or project is required for the SE and ES degrees. For the EM and FE degrees, a thesis is optional and may be substituted for up to six credit-hours of course work. The thesis option is strongly recommended for full-time students receiving financial support in the form of research assistantships or those students planning to pursue doctoral studies.

    An undergraduate degree in engineering or related disciplines with a "B" average or better from an accredited college or university is generally required for graduate study in our M.E. and M.S. programs. Outstanding applicants in other areas may be conditionally admitted subject to the satisfactory completion of several ramp courses or introductory courses within the specific program. Student applying to the M.S. in ES program should have an undergraduate education or significant industry experience that has a significant quantitative component. The MS in FE requires a strong mathematics background to include some elements of calculus. The specific requirements will be determined on an individual basis depending upon the student’s background. It is required that any applicants requesting research assistantship appointments and applicants to the Ph.D. program provide evidence of the ability to carry out independent research. Examples of such evidence include the master's degree thesis work and/or completed work-related projects. Graduate Record Exam (GRE) scores are not required, but may be submitted in support of the application. International students must demonstrate their proficiency in the English language prior to admission by scoring at least 550 (210 for computer-based) on the TOEFL examination. Applications for admission from qualified students are accepted at any time. Each student should meet with his/her advisor to develop a study plan that matches the student’s background, experience, and interests, while satisfying the requirements for any of the school’s programs.
 

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Systems Engineering

    The SE degree is a multidisciplinary program that includes a blend of engineering, systems thinking, and management subjects. Graduates from this program will be prepared to work effectively at the interface between engineering and management and to assume professional positions of increasing responsibility. The program consists of ten courses (six core and four advisor directed electives):

EM/SDOE 612 Project Management for Complex Systems
SYS/SDOE 605 Systems Integration
SYS/SDOE 625 Fundamentals of Systems Engineering (3)
SYS/SDOE 650 System Architecture and Design
SYS/SDOE 800 Special Problems in Systems Engineering
One SYS Elective in a quantitative course to include SYS/SDOE 611, SYS/SDOE 660, SYS 670, or other as approved by your advisor

    Students wishing to pursue the thesis option will take six credit-hours of SYS 900 and not take SYS 800 and the SYS elective. Only full-time, resident students have the option to NOT take either a three- or six-hour projects class or a thesis. These students may take two SYS/EM/ES electives with the approval of their advisor.

    Students are encouraged to take an integrated four-course sequence leading to a graduate certificate for the four advisor-approved electives or four additional courses in SE, EM, or ES. Most of these certificates are offered on-line via web-based instruction. Approved four-course sequences include:

• Agile Systems and Enterprises
• Engineering Management
• Enterprise Architecture and Governance
• Financial Engineering
• Logistics and Supply Chain Analysis
• Pharmaceutical Manufacturing Practices
• Project Management
• Systems and Supportability Engineering, or
• Systems Engineering Management

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Engineering Management

    A M.E. degree in EM builds upon undergraduate engineering and science education with studies in business, management, and SE. The traditional engineer and scientist often lacks a formal education in the human, financial, and management skills necessary to advocate the use of technology for high-quality, cost-efficient, complex systems. Our Master’s degree is unique in that we strive to create an engineer who is well prepared for a future in the management of engineering and technology integration.

    Graduates from this program will be prepared to work effectively at the interface between engineering and management and to assume professional positions of increasing responsibility. The six core courses for this program are:

EM 600 Engineering Economics and Cost Analysis
EM 605 Elements of Operations Research
EM/SDOE 612 Project Management of Complex Systems
EM/SDOE 680 Designing and Managing the Development System
SYS/SDOE 611 Modeling and Simulation
SYS/SDOE 625 Fundamentals of Systems Engineering

    Students lacking a strong quantitative background that includes an introduction to calculus and statistics may be required to take several ramp courses as defined by the admission conditions listed in the acceptance letter.

    Students are encouraged to take an integrated four-course sequence leading to a graduate certificate for the four advisor-approved electives or four additional courses in SE, EM, or ES. Most of these certificates are offered on-line via web-based instruction. Approved four-course sequences include:

• Agile Systems and Enterprises
• Construction Management
• Enterprise Architecture and Governance
• Financial Engineering
• Logistics and Supply Chain Analysis
• Pharmaceutical Manufacturing Practices
• Project Management
• Systems and Supportability Engineering
• Systems Engineering and Architecting, or
• Systems Engineering Management

    A faculty advisor must approve other options. Note that all of these certificates are available to undergraduate students as part of the four plus one program.

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Enterprise Systems

    Enterprises represent a special case of systems of systems, one with enormous economic importance. Enterprises comprise elements (people, polices, governance, technology, etc.) working together to achieve a common purpose. We look at extended enterprises elements, the elements of which may be independent firms widely dispersed across the globe, each with their own motivations, expertise, cultures, and organizations, yet collectively working together to produce a product or service valued by customers. The challenge of designing, managing, evaluating, and optimizing these systems is the equal of any we can find. Today’s global enterprises are far more complex than this simple definition implies. Enabled by a revolution in communications and information technologies, they may be among the most complex systems ever conceived of by humans.

    The M.S. in ES was conceived with a two-fold goal. First, we felt that an educational program was needed for people employed in the governance of enterprises from non-engineering and science backgrounds. Secondly, that a certain class of problems should not be characterized as SE in nature but should be viewed from an enterprise perspective. Thus, understanding the complex systems characteristics of these elements to include systems thinking, analysis, and governance requires different tools and processes than those taught in EM and SE.

    This M.S. in ES program consists of ten courses (six core and four advisor-directed electives) and includes:

EM/SDOE 612 Project Management of Complex Systems
EM/SDOE 680 Designing and Managing the Development Enterprise
ES/SDOE 621 Fundamentals of Enterprise Systems
ES/SDOE 675 Systems Thinking
ES 800 Special Problems in Enterprises Systems
SYS/SDOE 605 Systems Integration

Note: students wishing to pursue the thesis option will take six credit-hours of ES 900 and not take ES 800 and EM 680.

    Students are encouraged to take an integrated four-course sequence leading to a graduate certificate for the remaining four electives or four additional courses in SE, EM, or ES. Most of these certificates are offered on-line via web-based instruction. Approved four-course sequences include:

• Agile Systems and Enterprises
• Engineering Management
• Enterprise Architecture and Governance
• Logistics and Supply Chain Analysis
• Systems Engineering Management

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Financial Engineering

    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. To achieve success, banking and securities industries must come to grips with securities valuation, risk management, portfolio structuring, and regulation-knowledge embracing applied mathematics, computational techniques, statistical analysis, and economic theory. 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.

    The master’s program consists of 10 courses for a total of 30 credits. 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
• Programming Languages C++ or Java and Spreadsheets

    Students must also possess some basic knowledge in FE. Students without this background should enroll in FE 510. Note that FE 510 cannot be used as a course for the FE degree.

    There are two tracks in the M.S. in FE program: Quantitative Financial Engineering and Financial Engineering Technology. Both tracks require the same core courses and include:

FE 610 Probability and Stochastic Calculus
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
MA 650 Partial Differential Equations
MGT 625 Investments and Capital Markets


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 710 Risk Management Methods and Applications
    MGT 730 Design and Analysis of Experiments
   

For the FE Technology Track with a concentration in Databases and Networks, the following courses are required:

CS 540 Fundamentals of Quantitative Software Engineering
CS 561 Database Management Systems I
CS 573 Fundamentals of Cybersecurity

Plus two courses from the following list:
   
    CS 666 Information Networks I
    CS 668 Fundamentals of Cryptography
    CS 694 E-Business Security and Information Assurance
    FE 680 Advanced Derivatives
    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
   MGT 630 Data and Knowledge Management
   MGT 710 Risk Management Methods and Applications
   MIS 620 Analysis and Development of Information Systems
   SYS 681 Dynamic Modeling of Systems and Enterprises

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Masters of Business Administration (M.B.A.) in Technology Management (TM) with Concentrations in Engineering Management and Financial Engineering

    The Wesley J. Howe School of Technology Management (WJHSTM), in conjunction with the School of Systems and Enterprises, offers a unique program which combines the quantitative elements of an engineering degree with the business topics typically taught in a M.B.A. program. The program is designed so that students from various backgrounds can tailor their educational experience to meet their career objectives. The recommended study plans for EM and FE are shown below, respectively.

Engineering Management Concentration

Financial Engineering Concentration

    To gain admission to the M.B.A. program, students must take a GMAT or GRE (see the WJHSTM section of the catalog for specific admission criteria and score standards). A minimum of two years work experience will be required of all students prior to admission to this program.

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Graduate Certificate Programs

    All graduate certificate programs require a minimum of 12 credit-hours of course work. An undergraduate degree in engineering or related disciplines with a "B" average or better from an accredited college or university is generally required for graduate study in any one of our programs. Outstanding applicants in other areas may be conditionally admitted subject to the satisfactory completion of several ramp courses or introductory courses within the specific program. The specific requirements will be determined on an individual basis depending upon the student’s background. International students must demonstrate their proficiency in the English language prior to admission by scoring at least 550 (210 for computer-based) on the TOEFL examination. Applications for admission from qualified students are accepted at any time.

    Each student should communicate with his/her advisor to develop a study plan that matches the student’s background, experience, and interests, while satisfying the requirements for any of the programs. Each of the graduate certificate programs is a stepping-stone towards the Master’s degree in Systems Engineering.

Agile Systems and Enterprise
ES/SDOE 675 Systems Thinking
ES/SDOE 678 Engineering of Agile Systems and Enterprises
ES/SDOE 679 Architecting the Extended Enterprise
ES/SDOE 683 Design of Agile Systems and Enterprise

Engineering Management
EM 600 Engineering Economics and Cost Analysis
EM 605 Elements of Operations Research
EM/SDOE 612 Project Management of Complex Systems
EM/SDOE 680 Designing and Managing the Development Enterprise

Enterprise Architecture and Governance
ES/SDOE 679 Architecting the Extended Enterprise
ES/SDOE 675 Systems Thinking
ES/SDOE 677 Enterprise and Organizational Governance 
SYS/SDOE 681 Dynamic Modeling of Systems and Enterprises

Financial Engneering
FE 610 Probability and Stochastic Calculus
FE 620 Pricing and Hedging
FE 621 Computational Methods in Finance
FE 630 Portfolio Theory and Risk Management

Logistics and Supply Chain Analysis
EM/SDOE 665 Integrated Supply Chains
SYS 670 Forecasting and Demand Modeling Systems
SYS/SDOE 611 Modeling and Simulation  
SYS/SDOE 640 Supportability and Logistics

Systems Engineering and Architecting
EM/SDOE 612 Project Management of Complex Systems
SYS/SDOE 605 Systems Integration  
SYS/SDOE 625 Fundamentals of Systems Engineering
SYS/SDOE 650 System Architecture and Design