Master of Science in Financial Engineering and Diploma in Financial Engineering

Master of Science in Financial Engineering and Diploma in Financial Engineering

The MSFE and DFE is a fusion of mathematics, statistics, information and computer technology to the study of finance. It is envisioned to be a highly competitive program that will equip students with a comprehensive set of tools to meet the requirements of a vibrant financial economy. It further seeks to identify and develop sound strategies and models that will meet the challenges of a dynamic financial environment amid competition, globalization, and advances in technology.

Duration of the Program

The Program normally takes two (2) years (six trimesters) on a part-time basis to complete the coursework. Another year is allotted to accomplish the final requirements such as the written comprehensive exam and the thesis.

Course Requirements

Basic/Course Courses 12 units
Major Courses 18 units
Cognates/Electives 6 units
Thesis 6 units
Total 42 units

Course Requirements

History of Finance

Traces finance from ancient history, the medieval times, the Industrial Revolution to the more contemporary theories such as the Miller-Modigliani propositions, Black-Scholes, Options, etc.

Calculus for Finance

Provides learning calculus as applied in finance. Requires extensive use of software applications and interactive modeling.

Financial Economics I

Introduces the theories and developments in individual and corporate valuation to general financial markets.

Advanced Statistics/Data Mining

Discusses detailed applications of various forecasting and data mining techniques.

Major Courses (3 units each)

Risk Management and Value at Risk

Analyzes the various determinants of risk and strategies used to manage risk, including hedging.

Derivatives and Options Pricing

Identifies and analyzes valuation of derivatives and other exotic securities.

Portfolio Management and Strategy

Provides the mathematical foundation and derivation of strategies in managing a portfolio.

Financial Controllership (3 units)

Provides a financial engineering perspective of controllership.

Treasury Operations (3 units)

Gives a view of treasury, emphasizing developing products for specific risks.

Methods of Research

Studies various techniques of financial engineering research.

Cognates/Electives (3 units each)

Financial Economics II

Provides a study of financial institutions and services and corporate governance. Continuation of Financial Economics I.

Applied Regression and Time Series Analysis

Presents programming applications of regression and time series analysis as applied to risk management strategies.

International Finance

Provides a study of international corporate finance and global portfolio management.

Special Topics in Financial Engineering

Provides a discussion forum of contemporary issues such as e-commerce, e-finance, e-banking, etc.

Linear and Non-linear Optimization

Provides frameworks for analyzing various linear and non-linear relationships in a finance environment.