Computational Finance Track

The Computational Finance Track emphasizes both financial quantitative theory and practice, bridging the two and using both the fundamental concepts of finance and the stochastic and optimization methods and software in finance. This track is meant for those individuals with a strong desire to become quantitative financial managers or to pursue applied finance research interests in cutting-edge investment science, trading and in financial risk management. Techniques such as quantitative finance, financial econometrics, stochastic modeling, simulation and optimization are part of a set of financial tools applied to the many problems of derivatives and options finance, arbitrage trading algorithms, asset pricing, credit risk and credit derivatives, developing new derivative products and the many areas where quant finance has a contribution to make.

Graduates of the Computational Finance Track will be qualified to work in pricing financial risk and their management, in credit risk and their derivatives, in cutting-edge institutions, in quant hedge funds and in research and advanced product development departments of financial and consulting firms. Graduates of the Risk Finance Track will have the qualification and abilities to become responsible specialists for positions in finance, credit granting firms, banks and insurance companies, as well as obtain the knowledge needed to face the upcoming complex problems arising by the increased use and centrality of financial insurance products (contributing to the development of complex financial products and a convergence) of finance and insurance. The complementary actuarial profession is a discipline that uses tools from statistics, probability theory and finance to analyze and solve practical problems in insurance and financial risk management. Actuaries assemble and analyze data to estimate the probability and likely cost of an event such as death, sickness, injury, disability or loss of property. Courses in risk finance provide the background for the first four actuarial examinations supervised by the Society of Actuaries and the Casualty Actuarial Society and cover additional educational experience requirements.

Required to Complete the Financial Engineering MS program:

  • 5 core courses, each 3 credits totaling 15 credits
  • Track-required courses totaling 7.5 credits
  • 1 required applied lab worth 1.5 credits
  • 6 credits of electives
  • 1 capstone experience of 3 credits
  • Capstone assessment (0 credits)
  • Bloomberg Certification (0 credits)

Total # of credits: 33

Track-Required Course:

Download the FRE-GY 6233 syllabus

3 of the following courses (4.5 Credits):

Download the FRE-GY 6711 syllabus

Download the FRE-GY 6971 syllabus (Michael Hayes)

Download the FRE-GY 6971 syllabus (Edith Mandel)

Recommended Electives (6 credits):

Download the FRE-GY 7821 syllabus

Download the FRE-GY 7831 syllabus

Recommended Labs (1.5 credits*):

Download the FRE-GY 6883 syllabus

*FRE-GY 6883 counts both as a lab (1.5 credits) and as an elective (1.5 credits), totaling 3 credits.