Graduate Certificate - Financial Engineering

The Financial Engineering Certificate Program consists of the four courses listed below, which are delivered as part of the regular MS and PhD 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 5210 (Economic Decision Analysis), EMGT 5202 (Financial Decision Making), SysEng 6103 (Economic Analysis of Systems Engineering), or an equivalent introduction to finance and/or engineering economics course, as a prerequisite to the certificate program. 

For prerequisites regarding the courses below, please visits the Catalog of Courses provided by the Registrar's Office.

EMGT 6215 (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.
Co-listed: SysEng 6615

EMGT 6212 (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.
Co-listed: SysEng 6612

EMGT 6213 (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.
Co-listed: SysEng 6613

EMGT 6214 (482) Advanced Financial Engineering
An advanced study of research methodology techniques and theories in conducting research activities. The research problems, hypotheses, literature search, data requirements and analyses, interpretation and presentation of results are examined.
Co-listed: SysEng 6614

Admission Requirements
This certificate program is open to all persons holding a BS, MS, or PhD degree with a degree in Engineering or hard science with a minimum cumulative GPA of 2.75 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 MS 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.

Gainful Employment Program Disclosure
‎Effective July 1, 2011, the Department of Education requires that all certificate programs must disclose particular Gainful Employment information to current and prospective students. The information that is provided in the disclosure includes the estimated cost of the certificate program as well as on-time graduation and job placement rates for this particular certificate program. The disclosure information is based on data from the 2010-11 school year (defined as the period between July 1, 2010, and June 30, 2011).