“Our ideal candidate for employment” – a senior executive at Goldman Sachs said recently – “would be someone with a foundation in math and statistics,plus some computer science and technology fluency, plus a knowledge of finance and economics. Our problem has been -- we just don’t know where to find students with that kind of full-spectrum education.”
The complaint is a common one, according to George Calhoun, Director of the new Quantitative Finance Program, one of the first of its kind in the U.S. at the undergraduate level. “We have heard the same message over and over, from firms in the financial industry as well as from nonfinancial firms hiring into their financial departments. They all want a student who comes with the ‘complete package’ of quantitative skills, computer knowhow, and a solid grounding in finance.” In response, Stevens is re-thinking the core content of financial education, to develop innovative under-graduate and graduate degree programs that reflect the realities of today’s financial industry.
“The financial system has been transformed by advanced technology in the last ten years,” says Gregory Prastacos, Dean of the Stevens Institute of Technology’s Howe School of Technology Management. “Technology is creating new kinds of opportunities and risks, disrupting markets, and challenging the industry in ways it is not currently prepared to address. Firms are looking for a much more quantitative and technologysavvy student, who can enter this new work environment and be immediately productive.”
Stevens is redesigning its finance curriculum from the ground up, leveraging its traditional depth in science, technology and engineering, as well as its premium location in the heart of the New York financial center, 15 minutes from Wall Street. Putting its commitment to bring new technologies to the classroom, Stevens launched the Hanlon Financial Systems Laboratory, a half million dollar investment, in 2012. More>>