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Financial Engineering Online Certificate

Jun 29, 2020

Overview of Online Certificate Programs in Financial Engineering

Financial engineering combines engineering and quantitative methods and then applies these theories and methodologies to the field of finance. Certificate programs in financial engineering are intended to prepare students to solve a wide range of financial problems in technology-driven markets through financial engineering techniques. These programs may help prepare professionals in areas like securities, finance departments, banking, consulting, financial management, and more. Students in these certificate programs may also go on to pursue a graduate degree in financial engineering or a related field.

There is at least one fully online financial engineering certificate available, as well as a related online certificate program that focuses on C++ programming for financial engineering. Some of these certificate programs can be completed in as little as 16 weeks, while others may give students up to 2 years to finish their coursework. Depending on the program, applicants to financial engineering certificate programs may need to have a bachelor's degree in a specific field, such as mathematics, engineering, computer science, or another science field. Some programs may also require prior coursework in subjects like calculus, linear algebra, and probability.

Requirements for Online Financial Engineering Certificates

Online financial engineering certificate programs help equip professionals with skills in simulation techniques, stochastic modeling, and other financial engineering techniques while examining problems in risk management, portfolio structuring, and securities valuation. Online programs typically provide coursework completely online, including exams.

General Requirements

Students in financial engineering certificate programs generally take 4 courses that total around 12 credits of coursework. Typically, these programs have a list of core courses, but may allow students to choose one elective course. Students may take courses in topics like optimization models, stochastic models, financial engineering, portfolio theory, calculus, and more. Some of these certificate programs may result in a Certificate of Professional Achievement and may require students to maintain a 3.0 GPA or higher throughout the program.

Related online certificate programs in C++ programming for financial engineering may be set up in multiple levels of content with readings, videos, and assignments. Students may have access to a teaching assistant for help as they take courses in areas like C++ language, C++ libraries, and applications in computational finance. Students who pass the program may receive a Certificate of Completion.

Career Outcomes with a Certificate in Financial Engineering

Students with their certificate in financial engineering may go on to pursue graduate school or various careers in the field of finance. Although the certificate does not in and of itself qualify students for a specific position, careers like securities, commodities, and financial services sales agents and financial managers may benefit from the knowledge gained through these programs. Typically, these financial professionals need at least a bachelor's degree, but positions like financial managers may need to have some prior work experience as well.

According to the U.S. Bureau of Labor Statistics (BLS), securities, commodities, and financial services sales agents made a median annual salary of $62,270 as of 2019 and had a job outlook of 4% from 2018 to 2028, which was as fast as average. These agents are responsible for buying and selling various products for their clients in the financial markets. An array of positions is included in the umbrella of these agents, including floor brokers, investment bankers, brokers, and financial services sales agents. The BLS also reported that financial managers made a median annual salary of $129,890 as of 2019 and had a job outlook of 16% from 2018 to 2028, which is much faster than average. Financial managers help their organization meet financial goals and oversee the various financial activities that take place. Titles like insurance managers, credit managers, controllers, and risk managers may be categorized as financial managers.

Online certificate programs in financial engineering are relatively rare and may require around 12 credits. These programs help prepare students for graduate school or a range of finance-related careers.

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