Program Overview & Degrees
The vast complexity of financial markets compels industry to look for experts who not only understand how they work, but also posses the mathematical knowledge to uncover their patterns and the computer skills to exploit them. To achieve success, banking and securities industries must come to grips with securities valuation, risk management, portfolio structuring, and regulation-knowledge embracing applied mathematics, computational techniques, statistical analysis, and economic theory.
The goal of the degree is to produce graduates who can make pricing, hedging, trading, and portfolio-management decisions in the financial services enterprise. With sharply honed practical skills complimented by strong technical elements, graduates are in demand in the industries of investment banking, risk management, securities trading and portfolio management.
The Master of Science program consists of 10 courses for a total of 30 credits. Students wishing to enroll in any of the FE programs must have an undergraduate degree in an engineering or science discipline, and must have completed coursework in:
- Calculus and Differential Equations,
- Probability and Statistics,
- Linear Algebra, and
- Programming Languages C++ or Java and Spreadsheets.
Students must also some basic knowledge in FE. Students without this background should enroll in FE 510. Note that FE 510 cannot be used as a course for a FE degree.
MBA in Technology Management with a Financial Engineering Concentration
The Wesley J. Howe School of Technology Management (WJHSTM) in conjunction with SSE offer a unique program which combines the quantitative elements of an engineering degree with the business topics typically taught in a MBA program. The program is designed so that students from various backgrounds can tailor their educational experience to meet their career objectives. To learn more about this option, click here.
The following four-course Graduate Certificates can be applied towards the Master of Science in Financial Engineering:
The following Stevens Graduate Certificates can also be applied towards a MS in Financial Engineering:
Quantitative Focus:
Applied Statistics and Stochastic Systems
Management Focus:
Database Systems, Engineering Management, Systems Engineering and Architecting, or Information Management
PhD Options
Doctoral Students interested in Financial Engineering can earn a PhD in Systems Engineering, with a Financial Engineering concentration. The PhD consists of 60 credits post-Master's degree, with at least 30 research credits.