Financial Engineering

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MSFE Full-Time

Finance Academy

FIN 5602 Corporate Finance (1.0 s.h.)
This course reviews economic principles governing financial markets and corporate management and develops financial analysis skills.  Topics include capital budgeting and cost of capital.
FIN 5603 Financial Accounting (1.0 s.h.)
This course reviews the practice of financial accounting and develops skills in analyzing financial statements.  Topics include financial reporting quality and International standards.
FIN 5604 Derivative Markets (1.0 s.h.)
This course covers global exchange-traded and over-the-counter futures, options and swap instruments and financial applications.  Topics include option investment strategies and structured swap applications.
FIN 5607 Stochastic Calculus and Finance (1.0 s.h.)
This course covers the mathematical foundations of stochastic calculus with financial applications.  Topics include Brownian motion, stochastic integrals and stochastic differential equations.

Fall I

FIN 5601 Financial Technology (1.0 s.h.) Continued Fall II
This course teaches specialized financial software, financial market databases and quantitative financial tools.
FIN 5608 Ethics and Leadership I (1.0 s.h.) Continued Fall II
This course examines regulations covering business ethics and standards of professional conduct in the financial services industry.
FIN 5612 Asset Pricing (1.5 s.h.)
This course examines the relationship between financial risk and rates of return.  Topics include equilibrium and empirical approaches to asset pricing and international asset pricing.
FIN 5614 Continuous Time Finance (1.5 s.h.)
This course covers continuous-time financial theory and option pricing methods.  Topics include risk-neutral pricing and equilibrium asset pricing.
FIN 5617 Financial Institutions and Risk (1.5 s.h.)
This course examines the historical development and inherent risks in the financial services industry.  Topics include credit risk, interest rate risk, off-balance sheet risk and regulatory constraints.
FIN 5619 Quant Fixed Income (1.5 s.h.)
The course covers the mathematics driving fixed income markets.  Topics include term structure modeling, interest rate immunization and fixed income derivatives.

Fall II

FIN 5621 Structured Finance (1.5 s.h.)
This course covers the valuation of asset-backed securities and credit derivatives.  Topics include mortgage-backed securities, credit default obligations and credit default swaps.
FIN 5624 Numerical Methods (1.5 s.h.)
This course examines numerical lattice, Monte Carlo and finite difference methods for pricing vanilla and exotic options.  Topics include implied trinomial trees and variance reduction techniques.
FIN 5627 Financial Econometrics (1.5 s.h.)
This course examines linear regression and time series models with applications to corporate finance and investments theory.  Topics include Interpreting regression coefficients and estimating correlation and volatility using GARCH models.
FIN 5629 Value at Risk (1.5 s.h.)
This course examines advanced quantitative methods for estimating the risk of financial loss and risk management applications.  Topics include scenario analysis, incremental risk and VaR back testing techniques.

Spring I

FIN 5609 Ethics and Leadership II (1.0 s.h.) Continued Spring II
This course continues the discussion of business leadership and professional conduct in the financial services industry.
FIN 5631 Financial Time Series (1.5 s.h.)
This course teaches methods for analyzing time series data and for forecasting future events.  The course offers a mix of financial data analysis together with statistical theory.
FIN 5634 Stochastic Volatility (1.5 s.h.)
This course examines alternative models of implied volatility and model calibration to observed market data.  Topics include the term structure of volatility and jump diffusion models of the volatility smile.
FIN 5637 Applied Corporate Finance (1.5 s.h.)
This course examines corporate financial restructuring and mergers and acquisitions.  Topics include leveraged buyouts, industry capital structure and corporate governance.
FIN 5639 Quant Risk Modeling (1.5 s.h.)
This course covers advanced quantitative analysis and assessment of market, credit and operational financial risks.  Topics include hedging exotic options and default risk measures.

Spring II

FIN 5641 Alternative Investments (1.5 s.h.)
This course explores proprietary hedge fund strategies and performance measures.  Topics include relative value strategies, distressed debt and real estate investment trusts.
FIN 5643 Structured Products (1.5 s.h.)
This course teaches the financial engineering of structured product and hybrid security offerings.  Topics include exotic derivatives and tailored investment strategies.
FIN 5647 Financial Reporting & Analysis (1.5 s.h.)
This course examines advanced financial accounting practices, theory, and issues.  Topics include employee compensation, multinational operations and financial reporting quality.
FIN 5649 Enterprise Risk Management (1.5 s.h.)
This course covers the analysis and development of a best in practice enterprise-wide risk management system.  Topics include corporate risk tolerance and strategic risk and capital management issues.