Degrees & Certificates
Master of Science in Financial Engineering
The Master of Science in Financial Engineering explores the financial strategies and quantitative methods supporting today’s global financial markets. Taught by renowned faculty who are practitioners and researchers in the financial galaxy, the Master's degree in FE consists of 10 courses (equivalent to 30 credits). Students enrolled in the program are offered a rigorous curriculum through a variety of courses that focus on four FE areas:
- Quantitative Finance
- Financial Services Analytics
- Financial Risk & Regulation
- Financial Systems
Master's Degree Required Core Courses
- FE 610 Stochastic Calculus for Financial Engineers
- FE 620 Pricing and Hedging
- FE 621 Computational Methods in Finance
- FE 630 Portfolio Theory and Applications
- FE 680 Advanced Derivatives
- FE 800 Special Problems in Financial Engineering (3 credits) or FE 900 Thesis in Financial Engineering (6 credits)
Please see complete list of the Financial Engineering courses offered in the Master's program.
Required Educational/Professional Background
To enroll for a master's degree, students must hold a four-year bachelor's degree. While no specific undergraduate major is required, undergraduates with strong quantitative backgrounds such as mathematics, engineering, computer science, and physics are encouraged to apply. Students must have completed *pre-requisite coursework in the following areas:
- Calculus and Differential Equations
- Probability and Statistics
- Linear Algebra
- Programming Language R, C++, Python or Java
*For students who might not have completed the pre-requisite coursework for enrollment, the FE faculty can recommend classes that will be counted towards the eligibility requirement.
Beyond the educational qualifications, the Masters Admissions Committee considers professional or research experience in a quantitative discipline as an asset, and applications with professional experience are highly encouraged. To get more information about the application process, please visit the applications page.
Graduates can pursue a doctoral degree in Financial Engineering. As the first FE doctoral program to be developed in the nation, the Doctor of Philosophy (Ph.D.) degree is designed to prepare students to perform research or high-level design in Financial Engineering. The Ph.D. program consists of 54 credits, post master’s and minimum 15 research credits. For more details on the Doctoral Program and Requirements, please visit our Doctoral Studies page.
The School of Systems and Enterprises offers graduate certificates geared to practitioners and students who:
- Are interested in improving their current skills and technical competencies
- Are considering new career paths within industry
- Have been out of school for sometime, and want to resume their studies without committing to a full 30 credit Master's Degree program,or
- Already hold an advanced degree, but wish to continue their studies in a new or related area
Credits earned in a certificate can be applied towards the Master of Science in Financial Engineering. For a complete list of all certificates, visit graduate certificates.