The vast complexity of financial markets compels industry to look for experts who not only understand how they work, but also posses 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. This four-course, online, instructor-led, graduate certificate provides you with what you need to know in stochastic modeling, optimization, and simulation techniques. You become expert at making pricing, hedging, trading, and portfolio-management decisions. With sharply honed practical skills, you will emerge as a key player in today's top industries-investment banking, risk management, securities trading and portfolio management. The Financial Engineering (FE) Master’s program consists of 10 courses for a total of 30 credits. This FE Technology Track has a concentration in Information and Modeling. Students wishing to enroll in the FE program 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 some basic knowledge in FE. Students without this background should enroll in FE 530.
Students must contact their academic advisor to determine their academic focus from the concentration courses and detail their study plan accordingly. Academic focuses that are offered through WebCampus are Systems Engineering and Architecture, Engineering Management, Financial Software Engineering, or a four course focus determined with approval of your advisor. Academic focus' can be viewed here.
| Course # | Course Name | Instructor (s) | Semester |
|---|
| FE610 | Stochastic Calculus for Financial Engineers | Khaldoun Khashanah | Fall-2012, Summer A-2012 | | FE620 | Pricing and Hedging | Ionut Florescu, Jim Wang, Khaldoun Khashanah | Fall-2012, Spring I-2012, Summer A-2012 | | FE621 | Computational Methods in Finance | Ionut Florescu, Jim Wang | Fall-2012, Spring I-2012, Summer A-2012 | | FE630 | Portfolio Theory and Applications | David Starer, Natasha Dexter | Fall-2012, Spring I-2012, Summer A-2012 | | FE680 | Advanced Derivatives | Cristian Pasarica | Fall-2012, Spring I-2012, Summer A-2012 | | FE800 | Project in Financial Engineering | David Starer, Khaldoun Khashanah | Fall-2012, Spring I-2012, Summer A-2012 |
| Course # | Course Name | Instructor (s) | Semester |
|---|
| EM600 | Engineering Economics and Cost Analysis | Donald Merino, Douglas Fain | TBA | | EM605 | Elements of Operations Research | Teresa Zigh | Fall-2012, Spring I-2012, Summer A-2012 | | EM612 or ME636/IPD612 | Project Management of Complex Systems | Douglas Fain, MaryAnne Rizk, Stas Tarchalski | Fall-2012, Spring I-2012, Summer A-2012 | | EM680 | Designing and Managing the Development Enterprise | Brian Sauser, John Mikruk | Fall-2012, Spring I-2012, Summer A-2012 | | FE535 | Introduction to Financial Risk Management | TBA | TBA | | FE545 | Design, Patterns and Derivatives Pricing | James Hirschorn, Khaldoun Khashanah, Xugong Li | Fall-2012 | | FE570 | Market Microstructure and Trading Strategies | Alec Schmidt | Fall-2012, Spring I-2012 | | MGT623 | Financial Management | Eleni Gousgounis, Terence Stoeckert, William Stahlin | Spring I-2012 | | SSW540 | Fundamentals of Software Engineering | Gregg Vesonder, Mark Ardis, Richard Turner, Robbie Cohen | Fall-2012, Spring I-2012 | | SSW565 | Software Architecture and Component-based Design | Gregg Vesonder, Richard Turner, Robbie Cohen | Fall-2012, Spring I-2012, Summer A-2012 | | SYS605 | Systems Integration | James Armstrong, Leslie Stevens, William Miller | Fall-2012, Spring I-2012, Summer A-2012 | | SYS625 | Fundamentals of Systems Engineering | Alice Squires, Kristin Giammarco, Leslie Stevens, Richard Arra | Fall-2012, Spring I-2012, Summer A-2012 | | SYS650 | System Architecture and Design | Alice Squires, Anthony Barrese, Edward Wojciechowski, Kristin Giammarco, Peter McQuade, William Miller | Fall-2012, Spring I-2012, Summer A-2012 |
|
| General Information |
| Credits |
3 Credits Per Course/10 Courses for Master's |
| Tuition per credit |
$1280 per credit |
| Current Schedule |
Click here |
| Semester information |
Long Range WebCampus Academic Calendar |
| Application |
Apply |
| Phone |
201-216-5092 |
| Toll Free |
1-800-496-4935 |
| FAX |
201-216-5011 |
| Email |
webcampus@stevens.edu |
| Mail |
WebCampus.Stevens
The Graduate School
Stevens Institute of Technology
Castle Point on the Hudson
Hoboken, NJ 07030
United States of America |
A Master's degree from Stevens' School of Systems and Enterprises available online. Co-sponsored by AACEI, ACM, AIChE, ASCE, IEEE, NECA, NSPE, and SNAME.
If you're a professional with a bachelor's degree, you can earn a graduate certificate or a masters degree in an outstanding online Financial Engineering program delivered by the same superior faculty who teach in conventional settings. You receive the finest professional education using rich Internet features -- threaded discussions, chat, bulletin boards, e-mail, file sharing, whiteboards, and workgroups for in-depth participation. You also have online library privileges, with instant search and retrieval of important databases. Courses are taught using the most widely adopted distance learning web system.
