Online Master's Degrees in Financial Engineering

Dec 26, 2019

This article will provide an overview of online graduate programs in financial engineering, as well as the admission requirements that prospective students may need to satisfy.

The online master's programs that concentrate on financial engineering are designed to teach students to apply engineering and mathematical principles to finances. These multidisciplinary programs can include course topics from different areas such as economics, information technology, and business. This can make these master's degree programs ideal for persons who would like to pursue careers in banking, risk management, and finance.

Typical Courses in Online Master's Degree Programs in Financial Engineering

These masters-level programs can have a minimum of 30 credits worth of course materials that can include a combination of core and specialization courses in areas such as financial statistics and financial risk engineering.

Stochastic Calculus

This is a mathematical area dedicated to the statistical analysis of random probabilities and these courses can introduce students to the mathematical foundations necessary to understand financial theories. Students may learn about probability, continuous distribution, and Brownian motion. These courses can also deal with the applications of stochastic calculus to financial systems and instruments.

Hedging and Financial Risk

Courses of this nature can deal with hedging strategies, in which students learn how to plan for adverse movements in price, and risk management as it relates to financial management. In some courses, students may learn about options contracts and commodity analysis. A few of the topics that can be covered in these courses include market efficiency, volatility estimation, and numerical techniques.

Computational Techniques and Algorithms

In these courses, students can learn about computational tools such as software, that are used in financial analysis. In some programs, students may get 'hands-on' training with the software to fully understand their applications. At the end of these courses, students should be able to apply models and algorithms to areas such as forecasting, investment strategies, and asset pricing.

Portfolio Theory and Management

These kinds of courses are designed to cover the elements of portfolio management like securities and stocks. The courses may also deal with the organization of securities markets. A few of the topics that may be included in these courses are linear programming, acquisitions, and deferral options.

Derivatives and Fixed Income Securities

Courses like these tend to focus on the underlying principles of fixed income securities and how they can be managed. In certain courses, students can learn about the kind of financial instruments that are sensitive to changes in interest rates. Other topics that may be covered by these courses are credit derivatives, treasury securities, and interest rate models.

General Admission Requirements of Online Master's Degree Programs in Financial Engineering

To be considered for these master's programs, applicants will need an undergraduate degree from an accredited college or university, preferably in areas such as engineering, business administration or mathematics. For some programs, students are able to take prerequisite courses in topics like algebra, statistics, and programming before being accepted. When applying to one of these programs, prospective students may need to submit school transcripts, letters of recommendation, a current resume, a personal statement and passing scores on the GRE. In some cases, applicants may be asked to attend an interview.

When it comes to online master's degree programs in financial engineering, applicants will need an undergraduate degree, preferably in areas such as mathematics and engineering. These programs may cover topics like stochastic calculus, fixed income securities, and computational methods.

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