Graduate Certificate in Financial Engineering

Department of Engineering Management and Systems Engineering

Program Description   |   Curriculum
Admission Requirements   |   Graduate Degrees   |  Course Descriptions

Program Description:

This certificate program aims to equip students with a set of tools that will help them meet the standards of the Global Association of Risk Professionals (GARP) and the Professional Risk Managers' International Association (PRMIA) certifications. While being separate organizations, both GARP and PRMIA have become the standards in financial engineering and financial risk management due to their similar knowledge requirements for certification.

The financial engineering certificate topics will help prepare students to take the GARP Financial Risk Managers (FRM) exam and/or the PRMIA Professional Risk Managers (PRM) exam. Both exams are set around topics in finance theory, financial markets and financial instruments, market risk measures, quantitative analysis, mathematical foundations of risk management, financial derivatives for risk reduction, risk management best practices, operational risk, market risk, credit risk, case studies, ethics, and governance. The four courses covered in the certificate will provide a strong foundation in these areas.

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Admission Requirements:

This program is designed to appeal to working professionals. Certificate courses taken for graduate credit can be counted in the M.S. degree once accepted into the M.S. degree. If the four-course sequence is completed with a grade of "B" or better in each of the courses taken, they can apply to the M.S. program in engineering management. The certificate program may be followed by six additional 3 credit courses to complete the M.S. degree. The certificate program is open to all persons holding a B.S., M.S., or Ph.D. degree in engineering or a physical science and who have a minimum of 12-months of professional employment experience or are currently accepted into a graduate degree program at Missouri S&T.

Admission Standards

  • B.S. in engineering or a physical science
  • Undergraduate courses:  Calculus Series (I, II, III), Differential Equations, Statistics, Physics or Chemistry, Engineering Economy
  • GPA: Regular status:  2.75 cumulative
  • TOEFL:  All international applicants must submit a current TOEFL score, regardless of prior academic experience or place of study
  • Regular status: 580/237/92

Once admitted to the program, the student must take the four designated courses as given below. In order to receive a graduate certificate, the student must have an average cumulative grade point of 3.0 or better in the certificate courses.

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Curriculum:

Required:

  • ENG MGT 6212: Investment
  • ENG MGT 6213: Financial Engineering

 

Choose two courses from the following four:

  • ENG MGT 5212: Intelligent Investing
  • ENG MGT 6214: Financial Engineering II
  • ENG MGT 6215: Financial Risk Management
  • ENG MGT 6216: Financial Data Analysis

 

Course Descriptions:

      Course descriptions can be found in the catalog at catalog.mst.edu/graduate.

 

 

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Graduate Degrees:

Graduate certificates were designed as a gateway to a master’s degree. If a student earns a B or better in each certificate course they may continue for the graduate degree (in the corresponding department), without needing to submit GRE/GMAT scores, or letters of recommendation. A student does not need to continue on for the graduate degree, however most do. Graduate certificates were designed for working professionals who have real life work experience and may not have time to take the GRE/GMAT. Admission requirements for the graduate certificate program are also more relaxed than the graduate degree. This graduate certificate may act as a gateway to the following master’s programs:

Engineering Management (MS)
Systems Engineering (MS)

(Applicants must indicate which program they wish to use the certificate as a gateway for when initially applying for the certificate).

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