About the Program
| Required Core Courses | ||
|---|---|---|
| All students must complete a required core of courses covering financial concepts in capital budgeting, investments, financial markets, and derivative instruments and securities, analytical tools in optimization, stochastic processes, and statistics. | ||
| Financial Engineering Summer Program | ||
| Financial Engineering: An Overview | FINENG 500 (3) | Summer only |
| Finance | ||
| *Financial Engineering I | IOE 552 MATH 542 (3) |
Winter only |
| *Financial Engineering II | IOE 553 MATH 543 (3) |
Fall only |
| *Computational Finance | MATH 623 (3) | Fall only |
| Capital Markets & Investment Strategies | FIN 608 (2.25) | Fall/Winter |
| Fixed Income Securities and Markets | FIN 609 (1.5) | Fall/Winter |
| Options & Futures Corp. Decision Making | FIN 580 (2.25) | Fall/Winter |
| Analysis/Design Tools | ||
| Stochastic Analysis for Finance | Math 506 (3) | Fall only |
| Optimization Methods in Finance | FINENG 511 (3) | Winter |
| Statistical Analysis of Financial Data | STAT 508 (3) | Fall only |
| Stochastic Processes or Discrete State Stochastic Processes |
IOE 515 (3) MATH/STAT 526 (3) |
Fall only Winter only |
| *These Courses must be taken in this sequence: MATH 506, IOE 552, IOE 553, MATH 623. | ||
| Electives and Concentration Area Courses | ||
|---|---|---|
In addition to the core courses, students must take 9 credit hours of elective courses—chosen in consultation with an advisor—to form a concentration area. Example concentration areas, and related courses, are:
|
||
| A: CAPITAL MARKETS | ||
| Finance | ||
| Financial Analysis | FIN 513 | Fall |
| Quantitative Risk Management | FIN 518 | Winter only |
| Risk Management and Financial Engineering | FIN 618 | Winter only |
| Principles of International Finance II | FIN 614 | Fall |
| Valuations | FIN 615 | Fall and Winter |
| Corporate Financial Policy | FIN 621 | Fall and Winter |
| Corporate Financial Engineering | FIN 622 | Fall and Winter |
| Banks and Financial Institutions | FIN 631 | Winter only |
| Off-Balance Sheet Banking | FIN 632 | Winter only |
| Securization | FIN 633 | Winter |
| Financial Trading | FIN 640 | Winter only |
| Advanced Valuation Techniques | FIN 645 | Fall |
| Financial Engineering | ||
| Field Action Projects | FINENG 591-002 | --- |
| Optimization and Analysis | ||
| Linear Programming | IOE 510 MATH 561 |
Fall and Winter |
| Dynamic Programming | IOE 512 | Winter only |
| Nonlinear Programming | IOE 611 MATH 663 |
--- |
| Network Flow Algorithms | IOE 612 | Winter only |
| Stochastic Control | EECS 558 | Fall only |
| Numerical Partial Differential Equations | ||
| Numeric Methods for Scientific Computing II | MATH 572 | --- |
| Applied Probability, Stochastic Processes and Stochastic Analysis in Finance | ||
| *Seek advising regarding this condition | ||
| B: INSURANCE/RISK-MANAGEMENT SYSTEMS AND FORECASTING | ||
| Insurance/Risk Management Systems | ||
| Life Contingencies I | MATH 520 | Fall only |
| Life Contingencies II | MATH 521 | Winter only |
| Risk Theory | MATH 523 | Winter only |
| Time series analysis and forecasting | ||
| Forecasting and Time Series Analysis | IOE 565 | Fall only |
| Bayesian Decision Analysis | IOE 560 STAT 550 |
Winter only |
| Analysis of Time Series | STAT 531 | Fall only |
| Advanced Quanitative Methods: Forecasting and Modeling | ECON 574 PPS 574 |
--- |
| C: OPERATIONS AND INFORMATION SYSTEMS | ||
| Information systems/software engineering | ||
| Software Engineering | EECS 481 | Fall and Winter |
| Database Management Systems | EECS 484 | Fall and Winter |
| Artificial Intelligence/Pattern Recognition | ||
| Introduction to Artificial Intelligence | EECS 492 | Fall and Winter |
| Machine Learning | EECS 545 | Fall and Winter |
| Simulation | ||
| Computer Modeling of Complex Systems | CMPLXSYS 530 | Winter only |
| Simulation | IOE 474 | Fall and Winter |
| Electronic Commerce | EECS 547 IS 652 |
|
| Finance Course Flow Chart by Career (PDF) | ||
| Finance Electives (PDF) | ||