Academics

Graduate Degree Programs in Financial Engineering

The Master of Science in Financial Engineering (MSFE) degree program is jointly sponsored by the Department of Industrial and Enterprise Systems Engineering (ISE) in The Grainger College of Engineering and the Department of Finance in the Gies College of Business. The MSFE program complements other graduate programs offered by the sponsoring departments. The Master of Science in Financial Engineering Program can be completed in 3 semesters and begins in August each year. The second and subsequent semesters allow students the flexibility to pursue specialized tracks within the program; Advanced Analytics, Data Analytics and Automated Trading Practices. A corporate-sponsored “practicum”, provides students opportunities to address real world financial modeling problems and provides access to state-of-the-art analytic tools and software products.

Curriculum Requirements

First Semester (Fall)

*Click on the course number to view in Course Explorer.

Course	Course Title	Credit Hours
FIN 500	Introduction to Finance	4
FIN 553	Machine Learning in Finance	4
IE 522	Statistical Methods in Finance	4
IE 523	Financial Computing	4
IE 527	MSFE Professional Development	0
Total required hours this semester:		16

Second Semester (Spring)

Course	Course Title	Credit Hours
FIN 513	Advanced Financial Derivatives	4
IE 525	Stochastic Calculus & Numerical Models in Finance	4
Electives/ Concentrations / early Practicum+		8
Total required hours this semester:		16

Third Semester (Fall)

Course	Course Title	Credit Hours
FIN 516	Term Structure (1st 8 weeks)	2
IE 524	Optimization in Finance (1st 8 weeks)	2
Electives/ Concentrations / Practicum+		12
Total required hours this semester:		16

 

 

How the hours breakdown:

A Minimum of 48 hours required for graduation
28	Required core hours
4	Required practicum hours
16	Elective/concentration hours
48	Hours required to graduate