The Financial Engineering concentration within the Operations Research program provides training in the application of engineering methodologies and quantitative methods to finance. Financial Engineering integrates financial theory with economics, methods of engineering, tools of mathematics, and practice of programming.

bsfe application

Insterested students may apply for the Financial Engineering Major.

BSFE Application

Students who are interested in pursuing the rigorous concentration in OR:Financial Engineering must demonstrate consistent strength in calculus, computer programming, linear algebra, ordinary differential equations, probability, and statistics. Applications to the concentration will be accepted during the sophomore year; students will receive the departmental decision by the summer following the end of the sophomore year. There is no cap in the number of students accepted into this concentration.

Please note that in order to be officially considered for the Financial Engineering concentration, we require that you be in good academic and conduct standing with the University. By submitting the application form, you are indicating that you understand this. In addition, your submission provides consent to the Office of Judicial Affairs to release information pertaining to your disciplinary/conduct history to our office.

If you have immediate questions, please contact the IEOR Academic Affairs Team. You may also stop by during open office hours for quick questions on Mondays through Fridays, 10:30-11:30am, and 3:00-4:00pm (Summer Office Hours: Mondays through Fridays, 3:00-4:00pm). Professor Sigman has office hours on Wednesdays 11:00am-12:00pm.

Students who are interested in pursuing the rigorous concentration in OR:Financial Engineering must demonstrate consistent strength in calculus, computer programming, linear algebra, ordinary differential equations, probability, and statistics. Applications to the concentration will be accepted during the sophomore year; students will receive the departmental decision by the summer following the end of the sophomore year. Students may apply online. There is no cap in the number of students accepted into this concentration.

Please note that in order to be officially considered for the Financial Engineering concentration, we require that you be in good academic and conduct standing with the University. By submitting the application form, you are indicating that you understand this. In addition, your submission provides consent to the Office of Judicial Affairs to release information pertaining to your disciplinary/conduct history to our office.

Curriculum

Undergraduates are strongly recommended to follow the sequence of courses as outlined in the SEAS Bulletin.

Electives

The undergraduate OR:FE concentration requires a total of nine (9) points of electives equivalent to three (3) courses.
 
APMA W4300: Numerical Methods
CIEN E4138: Real Estate Finance for Construction Management
CSOR W4231: Analysis of Algorithms
ECON V3025: Financial Economics 
ECON W4280: Corporate Finance (By application)
IEOR E4572: Data Analytics and Python for OR
IEOR E4600: Applied Integer Programming
IEOR E4601: Dynamic Pricing and Revenue Management
IEOR E4650: Business Analytics (Seniors Only)
IEOR E4709: Statistical Analysis and Time Series (Seniors Only)
IEOR E4718: Beyond Black-Scholes: The Implied Volatility Smile (Seniors Only)
IEOR E4711: Global Capital Markets or FINC B6302: Capital Markets and Investments (students may not take both)
IEOR E4720 - E4729: Topics in Quantitative Finance Series
IEOR E4731: Credit Risk Modeling and Derivatives (Seniors Only)
MATH V2500: Analysis and Optimization
MATH W4061: Intro to Modern Analysis, I
STAT W4440: Linear Regression and Time Series Methods
 
If there are other electives of interest, the student should bring the course description to his or her faculty advisor for review.