A group of students at
The new program, approved by the
Financial engineering is a growing field with high demand and the potential for high salaries. Financial engineers commonly work in banking, corporate finance, securities, insurance, manufacturing, agricultural businesses and other industries that require sophisticated financial management skills. They analyze risk, create strategic business opportunities, look for ways to lower costs, and access new markets by combining new and existing financial economic instruments. To remain competitive, regional industries, as well as national and international firms, employ financial engineers because of the increased complexity and sophistication of business risk management.
MSU will be one of the only universities in the West to offer students a degree in this increasingly important discipline, said
"By taking advantage of MSU's strong faculty, this program will give our students the opportunity to study a discipline that will put them on track for challenging and highly rewarding careers," Stock said. "With skills in risk assessment and an understanding of the complex financial instruments that help shape the direction of the global economy, firms the world over have recognized that financial engineers play a pivotal role in their businesses."
The program, which will have a small enrollment and will have existing faculty teaching existing courses, will put students through a rigorous sequence of courses in financial economics, mathematics, and software engineering and modeling.
While the program will largely focus on the kind of computer modeling and theory used to predict market behavior and manage risk in the context of the financial sector, Watts said students would also come away with skills applicable to important
"We feel really good about the launch of this program," Watts said. "We've had calls from as far away as
The program development team, which included faculty members
"We are very excited about adding financial engineering to the array of disciplines taught within
For more information on the program, including the curriculum, visit the program's website.
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