Master of Science in Financial Engineering

Prerequisites

The average applicant's GPA is 3.6–4.0

Entering Students should have a strong mathematical background similar to that of University of Michigan undergraduates majoring in IOE, Mathematics and Statistics (with applied concentrations), EECS (with economic interests), Economics or Business (with technical interests).

In particular, students should have previously completed:

  • Two years of college mathematics including multivariable calculus, differential equations and linear algebra (Math 115, 116, 215, {216 or 316}, {214 or 217 or 417 or 419)
  • Two terms of calculus-based probability and statistics (Math/Stat 425 and Stat 426 or IOE 265 and 316/366 or EECS 401 and Stat 426)
  • Basic microeconomic theory/time value of money/interest: (Econ 401)
  • An introductory finance course (FIN 551)
  • Accounting Principles (ACC 501)
  • Mastery of Computer Programming skills (C or C++; SAS, visual basic, and MATLAB are prerequisites). Any student without the mastery of these computer programming skills is strongly urged to overload in appropriate courses during the program to ensure complete mastery. Furthermore, any courses taken to make-up computer programming or any other deficiency will not count toward electives.

In addition, applicants whose native language is not English must demonstrate English proficiency. More information and required test scores.

Courses shown in parentheses indicate University of Michigan courses that typically cover the prerequisite material. Students not presenting transcripts showing these prerequisite courses may occasionally be admitted with course "deficiencies." All identified deficiencies are focused on during the mandatory FE Summer Program in July prior to the start of the first Fall term.