To receive the Financial Engineering Diploma, students must fulfill the following requirements:
(a) Complete the M.A. by coursework as described above.
(b) Complete all of the following courses. Some of these courses can be used to satisfy the requirement in (a), with permission of the Graduate Programme Director.
Math 6910 3.0 Stochastic Calculus in Finance
Math 6911 3.0 Numerical Methods in Finance
FNEN 6210 3.0 Portfolio Management
FNEN 6810 3.0 Derivative Securities
FNEN 6850 3.0 Management of Bond Portfolios
Valuation of Interest-Rate Dependent Claims
MGTS 6000 3.0 Models and Applications in
COSC 5910 3.0 Software Foundations
Students with little or no background in finance may find it beneficial to take the basic finance course, FINE 5200, as a background to the finance courses listed above. Students with little background in computing may need an introductory course before taking the Computer Science course listed above. It is recommended, but not required, that students take Econometrics of Financial Markets (ECON 5030 3.0).
Students should expect to spend five consecutive terms to complete the course work for the Masters degree and diploma. They will then do the internship or the research paper in the second summer. Both the Masterís degree and the Graduate Diploma in Financial Engineering must be completed concurrently.
Applying to the Programme:
As stated, the Diploma is in conjunction with a Master's degree. It is not possible to receive the Diploma alone. A student must first apply and be accepted to the regular Master's programme. The student will then submit a separate application for the Diploma.