All students enrolled in the MSAF program must successfully complete 30 graduate credit hours in a common set of analytical, financial, and computational courses. The program includes a capstone practicum project with a financial services firm. The students will have first hand experience solving real-world problems and make final presentations to a group of potential recruiters. The program design allows students to complete the course requirements in one or two calendar years, provided the set of prerequisites are met.

Course Requirements

Analytical Core    
MATH 467 Financial Calculus I (fall) 3
MATH 468 Financial Calculus II (spring) 3
Select one of the
following Statistics courses:
   
STAT 410 Random Processes and Applications (fall) 3
STAT 412 Statistical Computing and Application 3
Select one of the following
computation modeling courses:
   
ECO 415 Econometrics (fall) 3
STAT 438 Linear Models in Statistics with Applications (spring) 3
Select one of the following Industrial Engineering courses:    
ISE 426 Optimization Models and Applications  3
ISE 429 Stochastic Models and Applications 3
Finance Core    
GBUS 421 Advanced Investments (Fixed Income-spring) 3
GBUS 422 Derivatives and Risk Management (fall) 3
GBUS 424 Advanced Topics in Financial Management (Risk Management- spring) 3
Computing Core    
ISE 447 Financial Optimization 3
Capstone Practicum    
ISE 441 Financial Engineering Projects 3
Total Credits   30

Certificate Programs are available in Data Science & Financial Analytics, Quantitative Risk Management or Financial Operations Research by completing an additional two courses for a total of 36 credit hours.  Candidates for the MSAF degree do not need to apply initially for certificate programs - students would meet with the Program Directors to select their certificate choice (if any) once they are enrolled in the program.

Please click here to view the course catalog for course descriptions

*Students with equivalent courses from an undergraduate degree program will be given credit for fulfilling the field requirement and will be permitted to replace the credits from the list of approved electives. The program director must approve the student’s choice of electives.