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 510. Note that FE 510 cannot be used as a course for a FE degree.
This program has a core of eight courses and two electives.
Required: FE610, FE620, FE621, FE630, FE699, SYS611, SYS660, SYS670
Electives (select two): FE680, SYS681, MIS620, MGT630, MGT710
| Course # | Course Name | Instructor (s) | Semester |
|---|
| EM/PME600 | Engineering Economics and Cost Analysis | Donald Merino, Douglas Fain | Fall-2009, Spring I-2009, Summer A-2009 |
| EM605 | Elements of Operations Research | Leon Bazil | Spring I-2009, Summer A-2009 |
| EM612 or ME636 | Project Management of Complex Systems | William Truran, Douglas Fain | Fall-2009, Spring I-2009, Summer A-2009 |
| EM680 | Designing and Managing the Development Enterprise | John Mikruk, Brian Sauser | Fall-2009, Summer A-2009 |
| FE510 | Introduction to Financial Engineering | Khaldoun Khashanah | TBA |
| FE610 | Stochastic Calculus for Financial Engineers | Khaldoun Khashanah | Fall-2009, Spring I-2009, Summer A-2009 |
| FE620 | Pricing and Hedging | Jim Wang, Ionut Florescu, Khaldoun Khashanah | Fall-2009, Spring I-2009, Summer A-2009 |
| FE621 | Computational Finance | Jim Wang, Ionut Florescu | Fall-2009, Spring I-2009, Summer A-2009 |
| FE630 | Portfolio Theory and Applications | Natasha Dexter | Fall-2009, Spring I-2009, Summer A-2009 |
| FE680 | Advanced Derivatives | Cristian Pasarica | Fall-2009, Spring I-2009 |
| FE800 | Project in Financial Engineering | Khaldoun Khashanah | Spring I-2009, Summer A-2009 |
| MA540 | Introduction to Probability Theory | Dragos Bozdog | Spring I-2009, Summer A-2009 |
| MGT710 | Risk Management Methods and Applications | TBA | Summer A-2009 |
| MIS620 | Analysis and Development of Information Systems | Rajkumar Kempaiah, Tal Zvi | Spring I-2009, Summer A-2009 |
| MIS630 | Data and Knowledge Management | Ira Sack | Spring I-2009 |
| SSW533 | Software Cost Estimation and Metrics | Linda Laird | Spring I-2009, Summer A-2009 |
| SSW564 | Software Requirements Analysis and Engineering | Nick Strakhov | Spring I-2009 |
| SSW565 | Software Architecture and Component-based Design | Gregg Vesonder | Fall-2009, Spring I-2009, Summer A-2009 |
| SSW567 | Software Testing, Quality Assurance and Maintenance | Linda Laird, Linda Cheng | Fall-2009 |
| SSW687 | Engineering of Large Software Systems | Richard Turner | Fall-2009 |
| SSW689 | Software Reliability Engineering | Linda Laird | Spring I-2009, Spring I-2010 |
| SYS605 | Systems Integration | William Miller | Fall-2009, Spring I-2009, Summer A-2009 |
| SYS611 | Modeling and Simulation | Michael Geller | Fall-2009, Spring I-2009, Summer A-2009 |
| SYS625 | Fundamentals of Systems Engineering | Kristin Giammarco, Richard Arra, Leslie Stevens | Fall-2009, Spring I-2009, Summer A-2009 |
| SYS650 | System Architecture and Design | Edward Wojciechowski, Alice Squires | Fall-2009, Summer A-2009 |
| SYS660 | Decision and Risk Analysis | Fred Manzer | Fall-2009, Summer A-2009 |
| SYS670 | Forecasting and Demand Modeling Systems | Teresa Zigh | Spring I-2009 |
| General Information |
| Credits |
3 Credits Per Course/10 Courses for Master's |
| Tuition per credit |
$1100 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.
