The Engineering Management major prepares students for the role of “Engineering Manager” in a technology-based company. Prerequisites for this major include a semester of microeconomics (MGT 503 or equivalent) and a semester of introductory calculus (MA 501 or equivalent).

Engineering Management Major Requirements

• EM 600 Engineering Economics & Cost Analysis
• EM 605 Elements of Operational Research
• EM 620 Engineering Cost Management
• EM 680 Designing and Managing the Development Enterprise
• SYS 611 Modeling and Simulation*
• SYS 650 System Architecture and Design
• SYS 660 Decision and Risk Analysis*

*Choose one of these two courses

Plus one adviser-approved Howe School or Stevens graduate course elective or a 3-credit masters project.

The MBA finance major provides the basic theory and practice of corporate financial management and examines the structure of financial markets and major financial instruments. Topics include: discounting, net present value, risk, the capital asset pricing model, diversification, the term structure of interest rates, financial markets, the efficient markets hypothesis, technical and fundamental analysis, options pricing, derivatives and portfolio management. Finance students find positions in management consulting, banking and corporate finance departments. Our close proximity to Wall St. makes this major a natural choice for many students.

Finance Major Requirements

• MGT 638 Corporate Finance
• MGT 625 Capital Markets
• MIS 626 Venture Capital*
• MGT 627 Investment Management*
• MGT 628 Derivatives*
• MGT 629 Introduction to Banking and Credit*

*In preparation

Plus one adviser-approved Howe School or Stevens graduate course elective or a 3-credit masters project.

Less theoretical than competing financial engineering programs, the Financial Engineering (FE) major provides students with both managerial and analytical skills specific to the world of finance. Students in this major take eleven MBA core courses, two preparatory courses in mathematics and probability, six courses specialized in financial engineering, and one elective course. Prerequisites for this major include a semester of microeconomics (MGT 503 or equivalent) and a semester of introductory calculus.

Financial Engineering Major Requirements

• FE 535 Introduction to Financial Risk Management
• FE 610 Probability and Stochastic Calculus
• FE 620 Pricing and Hedging
• FE 621 Computational Methods in Finance or
• FE 630 Portfolio Theory and Risk Management
• FE 635 Financial Enterprise Risk Engineering
• FE 655 Systemic Risk and Financial Regulation
• FE 680 Advanced Derivatives

Financial Engineering majors should not take the MBA core course Mgt 620 Statistical Models. Students majoring in Financial Engineering, will, in general, have no credits available to take courses as career options.

The MBA major in Information Systems balances general management courses with courses that are specifically designed to provide depth in information technology and management. This is an ideal education for people wishing to advance to the highest ranks within a corporate IT department. Alternatively, this mix of skills is suitable for students wishing to be business leaders in functional departments such as marketing, finance and operations.

Taking advantage of the Howe School Career Options, MSIS majors have an opportunity to specialize in a number of areas ranging from soft skills development (technology leadership) to technical specialties such as Advanced Technologies and Business Intelligence and Analytics. In consultation with their adviser, they may also choose electives from other Howe School degree programs or other schools at Stevens.

Prerequisites for this major include a semester of introductory undergraduate calculus (MA 501 or equivalent) and MIS 502 Selected Topics in Economics, Statistics, and Accounting, for students not having previous coursework in these areas. For people with little or no information systems professional experience, MIS 501 Information Management is a prerequisite.

Information Systems Major Requirements

• MIS 620 Analysis and Development of Information Systems
• MIS 630 Database Systems and Decision Support
• MIS 710 Process Innovation and Management
• MIS 730 Integrating IS Technologies
• MIS 750 Managing IT Resources
• MIS 760 Strategic Issues in Information Management

Career Options for Information Systems Majors
In the MBA core, Information Systems majors should substitute MIS 750 and MIS 760 for MGT 671 and MGT 699, respectively. Three electives (9 credits) are therefore available for adviser-approved electives taken from another school at Stevens or from the specially designed sets of “career options.”

The Pharmaceutical Management major provides a solid foundation in business fundamentals, an in-depth understanding of the operations and strategic management of the pharmaceutical industry, including regulatory issues, and the opportunity to develop additional breadth in areas such as new business ventures, global innovation management, and TQM, to name a few. The Stevens MBA in Pharmaceutical Management is unique in its focus on both business disciplines and the exploitation of technology and innovation for business success.

Prerequisites for this major include a semester of introductory undergraduate calculus (MA 501 or equivalent) and a semester of microeconomics, such as MGT 503 or equivalent.

Pharmaceutical Management Major Requirements

• MGT 681 Managing Pharmaceutical Research and Development
• MGT 682 Pharmaceutical Industry Marketing and Sales
• MGT 683 Introduction to Pharmaceutical Manufacturing*
• MGT 684 Regulation & Compliance in the Pharmaceutical Industry*
• MGT 686 Pharmaceutical Industry Trends and Issues
• MGT 687 Pharmaceutical Industry Supply Chain
• MGT 688 IT Applications in the Pharmaceutical Industry

*Choose on of theses two courses.

Plus one adviser-approved Howe School or Stevens graduate course elective or a 3-credit masters project.

Excellence in project execution is the hallmark of successful companies. This major teaches new concepts in strategic project management and leadership that were developed by the Howe faculty and have achieved international acclaim. Students in the MBA in TM with a PM major take a number of project management courses in addition to the courses required for an M.S. in Management degree.

Prerequisites for this major include a semester of microeconomics (MGT 503 or equivalent) and a semester of introductory calculus.

Project Management Major Requirements

• MGT 610 Strategic Perspectives on Project Management
• MGT 611 Project Analytics
• MGT 612 The Human Side of Project Leadership
• MGT 613 Portfolio Management and the Project Management Office
• MGT 614 Advanced Project Management
• MGT 619 Leading Across Projects and Programs

Plus one adviser-approved Howe School or Stevens graduate course elective or a 3-credit masters project.

The systems engineering major aims to produce technical leaders capable of applying a systems approach to the management of complex systems and enterprises. The courses in this major address systems integration, life cycle issues, and systems thinking at the system, system of system, and enterprise levels.

Systems Engineering Major Requirements

• EM 620 Engineering Cost Management
• SYS 605 Systems Integration
• SYS 611 Modeling and Simulation*
• SYS 625 Systems Operational Effectiveness and Life-cycle Analysis
• SYS 650 System Architecture and Design
• SYS 660 Decision and Risk Analysis*
• ES 684 Systems Thinking

* Choose one of these two courses

Plus one adviser-approved Howe School or Stevens graduate course elective or a 3-credit masters thesis/project.

This major provides students with the knowledge and skills needed to assess technology-driven market opportunities and to start entrepreneurial ventures. In addition to joining or starting entrepreneurial ventures, students in this concentration can find employment opportunities in consulting and high-growth companies in a broad range of industries.

Taking advantage of the Howe School Career Options Innovation and Entrepreneurship majors have an opportunity to specialize in a number of areas ranging from soft skills development (Technology Leadership) to technical specialties such as Advanced Technologies, and Business Intelligence and Analytics. In consultation with their adviser, they may also choose electives from other Howe School degree programs or other schools at Stevens.

Innovation and Entrepreneurship Major Requirements

• MGT 671 Technology and Innovation Management
• MGT 672 Realizing Value from Intellectual Property
• MGT 673 Global Innovation Management
• MGT 675 New Product & Service Innovation
• MGT 677 Emerging Technologies
• MGT 699 Strategic Management

Career Options for Technology Management Majors

Innovation and Entrepreneurship majors take the MBA core courses, MGT 671 and MGT 699 as part of their major. Three electives (9 credits) are therefore available for adviser-approved electives taken from another school at Stevens or from the specially designed sets of “career options.”

MBA in Technology Management with Telecommunications Management

Major Wireless, IP, and traditional communications technologies are the foundation for electronic commerce and global operations in every industry. This unique major provides both technical and management skills for tomorrow’s telecommunications leaders.

Students taking the MBA in TM with a Telecommunications Management major take a number of general management courses in addition to the courses required for an M.S. in Telecommunications Management degree.

Prerequisites for this major include a semester of undergraduate introductory calculus (TM 500 or equivalent) and a semester of microeconomics (MGT 503 or equivalent). Students who lack an introductory telecommunications background may be required to take TM 550 Introduction to Telecommunications Concepts.

Telecommunications Management Major Requirements

• TM 601 Principles of Applied Telecommunications
• TM 605 Probability & Stochastic Processes
• TM 610 Business Information Networks
• TM 612 Regulation and Policy in the Telecommunications Industry
• TM 615 Wireless Networks
• TM 630 Broadband Networks
• TM xxx Communications Industry Strategy & Structure (under development)

Depending on previous course work, TM majors may be able to take one or more adviser-approved Howe School or Stevens graduate course electives or a 3-credit masters project.