Jun 18, 2024  
Rensselaer Catalog 2009-2010 
Rensselaer Catalog 2009-2010 [Archived Catalog]

Master of Science in Financial Engineering and Risk Analytics*

Return to {$returnto_text} Return to: Schools & Departments

The purpose of this degree is to provide students with the knowledge and essential skills to respond to the changes and new challenges that characterize the fast changing world of Financial Technology. The goal is that students master cutting-edge financial theory as well as advanced analytical techniques which have become a key to the success of the new breed of financial experts. Students will be exposed to emerging concepts, practices and techniques in the finance industry through rigorous training in empirical research and modeling, using a variety of professional databases and computer software packages.

The degree offers two tracks - financial technology and financial analysis. Within these two tracks students will be able to develop expertise in areas such as investment banking, quantitative risk analysis, financial controll, and private equity analysis.

The program requires three basic foundation courses, three core courses in the broader fields of finance, and four courses in the area of concentration.

  • Thirty credit hours for students with Finance or Technical undergraduate background.
  • Prerequisites: Basic foundation of mathematics and statistics. An additional six credit hours of mathematics and statistics required for students with no finance or management background.


Three basic foundation courses (All students)

Choice of four courses in concentration

Financial Technology Track (choose any four)

  • MGMT xxxx Hedge Funds

Financial Analysis Track (choose any four)

MGMT xxxx Hedge Funds

Career tracks can include:

  • Ph.D. in Finance or Economics
  • Financial Analyst
  • Credit Risk Specialist
  • Loan Portfolio Analyst
  • Leveraged Finance Portfolio Manager
  • Quantitative Risk Analyst
  • Financial Modeling Expert
  • Financial Operations Manager
  • Treasurer Operations Manager
  • Equity And Fixed Income Research Analyst
  • Financial Controller
  • Private Equity Analyst
  • Commercial and Investment Banking
  • Brokerage and Investment Firms
  • Consulting and Accounting Firms
  • Insurance Companies
  • Forecasting
  • Securities Trading


* New York State approval pending.

Return to {$returnto_text} Return to: Schools & Departments