MASTER OF SCIENCE IN FINANCIAL ENGINEERING
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Master of Science in Financial Engineering

CURRICULUM

Curriculum

Tracks and Certificates

 Master’s in Financial Engineering: 33 credits
All tracks will include in their program:
  1. 5 Core courses, each 3 credits
  2. 5 Required courses, each 1.5 credits
  3. 1 Required Applied Lab, each 1.5 credit
  4. 4 Elective courses, each 1.5 credits
  5. 1 Capstone worth 3 credits

Core Courses (Required): 15 credits

  1. FRE 6003, Financial Accounting, 3
  2. FRE 6023, Economic Foundations in Finance, 3
  3. FRE 6083, Quantitative Methods in Finance, 3
  4. FRE 6103, Corporate Finance, 3
  5. FRE 6123, Financial Risk Management & Asset Pricing, 3

** We anticipate that a new course, "FRE 6041, Risk Management in the Real World: Model Errors, Informational Opacity, and Extreme Events" will be approved in early November 2008.  This course will be required for students in the Financial Markets and Corporate Finance and Computational Finance tracks.  Detail information will be updated in our website as soon as possible.

There are three track options for incoming MS students of Financial Engineering, in each track there are 5 required classes worth 1.5 credits each, totaling 7.5 credits

  1. Financial Markets and Corporate Finance
  2. Computational Finance
  3. Financial Information Services and Technology

Required Labs per Track: 1.5 credits
To satisfy the 1.5 credits of lab required, students from all tracks must choose one of the following labs:

  1. FRE 6811, Financial Lab 1: Excel, Risk and Yieldbook
  2. FRE 6821, Financial Lab 2: Eviews and Stata
  3. FRE 6831, Financial Lab 3: Matlab, GAMS and optimization software
  4. FRE 6841, Financial Lab 4: S-Plus and R
  5. FRE 6851, Financial Lab 5: Excel with VBA and C++

Please note that all students must take one lab, but that additional labs taken do not count towards MS FE electives.

Elective Options: 6 credits
Students can choose any class in the Financial Engineering program, excluding the core, to be an elective as long as the prerequisite requirements are met.

Capstone Options: 3 credits

  • FRE 7003, Thesis (required for potential Ph.D. candidates)
  • FRE 7023, Internships
  • FRE 7043, Selected Project, under Faculty supervision
  • Students have the choice to select 2 courses titled "Special Topics", 1.5 credits each
 
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