Graduate Certificate - Financial Engineering

The Financial Engineering Certificate Program consists of the four courses listed below, which are delivered as part of the regular M.S. and Ph.D. degree programs in Engineering Management and Systems Engineering. Students will be responsible for prerequisite knowledge as determined by course instructors and are expected to have taken EMGT 308 (Economic Decision Analysis), EMGT 352 (Financial Decision Making), SYSENG 413 (Economic Analysis of Systems Engineering), or an equivalent introduction to finance and/or engineering economics course, as a prerequisite to the certificate program. 

EMGT 408/SYSEN 408 - Financial Risk Management
Techniques and methods for managing financial risk, including portfolio theory, Monte Carlo methods, ARIMA, time series forecasting, Value-at-Risk, stress testing, extreme value theory, GARCH and volatility estimation, random variables and probability distributions, real options, decision trees, utility theory, statistical decision techniques, and game theory.

EMGT 480/SYSEN 480 - Investment
An introduction to the theory and practice of investment including financial markets and instruments, security trading, mutual funds, investment banking, interest rates, risk premiums, the capital asset pricing model, arbitrage pricing theory, market efficiency, bonds and the fixed income market, equity valuation, fundamental and technical analysis.

EMGT 481/SYSEN 481 - Financial Engineering
An introduction to financial engineering, with an emphasis on financial derivatives, including the future markets, the pricing of forwards and futures, forward rate agreements, interest and exchange rate futures, swaps, the options markets, option strategies, the binomial and Black-Scholes models for option valuation, the option Greeks, and volatility smiles.

EMGT 401(482)/SYSEN 401 (482) - Advanced Financial Engineering
Additional topics in the theory and practice of financial engineering and financial risk management, including market risk, credit risk, credit derivatives, operational risk, exotic options, interest rate derivatives, the Basel accord, financial engineering case studies, ethics, and corporate governance.

Admission
This certificate program is open to all persons holding a B.S., M.S., or Ph.D. degree in Engineering, Science, and/or Mathematics and who have a minimum of 12 months of professional employment experience or are currently accepted into a graduate degree program at Missouri S&T.

Once admitted to the program, the student must take the four designated courses. In order to receive a Graduate Certificate, the student must have an average cumulative grade point of 3.0 or better in the certificate courses. Once admitted into the program, a student will be given three years to complete the program so long as he/she maintains a "B" letter grade average in the courses taken.

Students admitted to the Certificate Program will have non-degree graduate status but will earn graduate credit for the courses they complete. If the four-course sequence is completed with a grade of "B" or better in each of the courses, the student will be admitted to the M.S. program in either Engineering Management or Systems Engineering. The Certificate courses taken by students admitted to the M.S. program will count towards their master’s degree. Students who do not have all of the prerequisite courses necessary to take the courses in the Certificate Program will be allowed to take "bridge" courses at either the graduate or undergraduate level to prepare for the formal Certificate courses.