Financial Engineering

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Background for MSFE

MSFE Prerequisites

MSFE admissions requirements include a strong record of achievement in quantitative coursework including multivariate calculus, linear algebra and advanced probability and statistics.

Calculus

Equivalent at Temple University:

Mathematics 2043. Calculus III
Topics include vectors in two or three dimensions, lines and planes in space, parametric equations, vector functions and their derivatives, functions of several variables, partial derivatives, multiple integrals, line integrals, and Green`s, Divergence and Stoke`s theorems.

Linear Algebra

Equivalent at Temple University:

Mathematics 2101. Linear Algebra
This course covers vectors and vector spaces, matrices, determinants, systems of linear equations, linear transformations, inner products and orthogonality, and eigenvectors and eigenvalues.

Probability and Statistics

Equivalent at Temple University:

Mathematics 3031. Probability Theory (Calculus-based)
Counting techniques, axiomatic definition of probability, conditional probability, independence of events, Bayes Theorem, random variables, discrete and continuous probability distributions, expected values, moments and moment generating functions, joint probability distributions, functions of random variables, covariance and correlation.

Mathematics 3032. Mathematical Statistics (Calculus-based)
Random sampling, sampling distributions, Student`s t, chi-squared and F distributions, unbiasedness, minimum variance unbiased estimators, confidence intervals, tests of hypothesis, Neyman-Pearson Lemma, and uniformly most powerful tests.

MSFE Preparation

MSFE Scholars should have prior or anticipated exposure in accounting, finance and computer programming through college coursework OR work experience OR self-study (summer prior to program start):

Accounting

Equivalent at Temple University:

Accounting 2101 Financial Accounting
Basic concepts and principles underlying the preparation and use of financial statements. Among the topics covered are basic accounting theory, transactional analysis, income determination, asset and liability valuation, and the preparation of financial statements.

Finance

Equivalent at Temple University:

FIN 3502 Corporate Finance I
Topics include the structure of financial markets and role of financial intermediation, time value of money, structure and pricing of fixed income securities, risk and return across asset classes in capital markets, diversification and asset allocation in investment portfolios, introduction to derivatives instruments and their use in hedging risk in financial markets, and how foreign exchange risk affects fixed income and equity returns.