Undergraduate Minor in Finance


School of Engineering undergraduates take an extensive amount of college mathematics and are well-positioned to leverage this background and acquire knowledge of mathematical finance that future employers in your discipline as well as Wall Street will value.

The Department of Finance and Risk Engineering’s undergraduate Minor in Finance is designed to provide students with an excellent undergraduate grounding in finance.


Eligibility and Registration

The Minor in Finance is open to all students who have completed the prerequisite requirements for the required and elective courses (see below). To apply for the minor, please visit the Registrar's website for further instructions.


Curriculum

You will need to complete 15 credits of courses designated as FIN to earn a Minor in Finance. At least 9 of these credits must be earned at the School of Engineering. Of the 15 required credits in courses labeled FIN, 9 are required courses and 6 are elective courses. You must have a cumulative GPA of 2.0 in FIN classes to successfully complete the Minor in Finance.


Required Courses

3 Credits Economic Foundations of Finance FIN-UY2003
This course focuses on the fundamental economic concepts underpinning modern financial theory. Material includes consumer behavior; utility theory; analysis of production and costs; competitive markets; monopolistic and monopsonistic markets; time value of money; game theoretic analysis of oligopoly; asymmetric information in markets; externalities; market efficiency and more. The calculus is used to develop these concepts.
Prerequisites: MA-UY 1124 or MA-UY 1154 or MA-UY 1424 and Sophomore Standing or higher.

3 Credits Creating and Understanding Financial Statements FIN-UY2103
This course provides a solid understanding of the creation and interpretation of modern financial statements. Topics include the compelling reasons for financial statements, Sarbanes-Oxley, U.S. accounting principles and how they differ abroad, quality of financial information, financial ratios and their uses, cash-flow analysis, measurement of corporate performance, credit analysis and introduction to managing financial risk.
Prerequisites: MA-UY 1124 or MA-UY 1154 or MA-UY 1424 and Sophomore Standing or higher.
3 Credits Corporate Finance and Financial Markets FIN-UY2203
This course covers the fundamentals of corporate finance, valuation, risk, capital budgeting and market efficiency. Students who complete this class acquire a solid foundation needed for intermediate and advanced topics in finance. This class is a prerequisite for all FIN classes at the 3000 level.
Prerequisites: MA-UY 2054 or MA-UY 2212 (or MA-UY 2224) or MA-UY 3012, 8 credits of calculus, and Sophomore Standing or higher.

Elective Courses

Select at least 2 from the following:

3 Credits Financial Management and Risk Engineering FIN-UY3213
The course introduces the elements and techniques of risk engineering spanning the following: Probabilities and their distributions and data analysis and statistics as well as Monte Carlo simulation. Throughout, these techniques are demonstrated through special problems and cases providing the necessary tools and concepts for dealing with major problems in risk engineering, decision-making under uncertainty, and financial management and pricing. The course is based on multiple sessions in a Financial Laboratory environment, using computational-risk software, statistical and financial econometric software, and simulation programs and software.
Prerequisite: FIN-UY 2203. Co-Registration Requirements: FIN-UY 2003, FIN-UY 2103.
3 Credits Derivatives and the Options Market FIN-UY3233
This course builds on mathematical models of bond and stock prices and covers two major areas of mathematical finance with significant impact on operating-model financial markets, namely, Black-Scholes arbitrage pricing of options, and other derivative securities and interest rates together with their term structure. The course makes significant use of probability and calculus, covering the material in a mathematically rigorous and complete manner.
Prerequisite: FIN-UY 2203. Co-Registration Requirements: FIN-UY 2003, FIN-UY 2103.
3 Credits Entrepreneurship and Financial Management FIN-UY3403
This course introduces the finance of entrepreneurship and venture capital. It considers the perspectives of the start-up firm and the venture capitalist and develops a framework for understanding the laws, contracts and issues involved in reaching mutually profitable contracts.
Prerequisites: FIN 2203.
3 Credits Operational Risk Modeling & Analytics FIN-UY3503
This course focuses on how to optimize business strategies, qualitatively and quantitatively with respect to operational risk. The course is organized around the principle that operational risk analysis consists, in part, of data collection and the building of mathematical models to describe the risk of failures in human resources, processes and technology. Beginning with a foundation for operational
risk modeling and a focus on the modeling process, the course discusses probabilistic tools for operational risk modeling and statistical methods to calibrate models of operational risk. The quantitative assessment of operational risk uses the tools of probability, statistics and actuarial science.

Prerequisite: FIN 2203. Co-Registration Requirements: FIN 2003, FIN 2103.
3 Credits Special Topics in Finance and Risk Engineering FIN-UY4903
The course considers unique topics of interest in Finance and Risk Engineering. It may feature a detailed look at a single topic or a series of focused topical presentations.
Prerequisite: FIN 2003, FIN 2103, and FIN 2203, or Permission of Department or Instructor.


Course Prerequisites

FIN-UY courses require knowledge of calculus and other higher mathematics. Please check each course for prerequisite details.


Recommended Course Sequence

The prerequisite structure of the Minor requires that you complete the core courses before beginning the electives.


Advising

Please contact Professor Barry Blecherman with any questions you may have: barry.blecherman@nyu.edu
646.997.3398
12 MetroTech Center, 26th floor, Room 275