Program in Financial Engineering and Risk Analysis Lally School of Management and Technology Rensselaer Polytechnic Institute

Rensselaer's Lally School of Management & Technology

The Lally School of Management & Technology at Rensselaer Polytechnic Institute is dedicated to helping future business leaders acquire the ability to effectively work across business functions. It has full accreditation from the Association to Advance Collegiate Schools of Business (AACSB).

The school offers programs that emphasize "innovation and technology entrepreneurship in the global economy." It has 2 academic centers: the Severino Center for Technological Entrepreneurship, and the Center for Financial Studies.

The Lally School provides excellent opportunities for students to gain understandings of the global business environment. It has international exchange programs with 19 universities and is involved with numerous international research collaborations.



The Master of Science in Financial Engineering and Risk Analytics (FERA) at Rensselaer Polytechnic Institute

The MS Program in Financial Engineering and Risk Analytics at Rensselaer Polytechnic Institute helps students acquire expertise in financial theory and computational and analytical techniques needed to address challenges in the finance and banking industries. Students receive rigorous training in empirical research and modeling through the use of a wide-variety of professional database and computer software applications. The interdisciplinary program, which is administered through the Lally School of Management and Technology, exposes students to emerging ideas, practices, and techniques in the field.

Career Options for Graduates

Graduates of the MS Program in Financial Engineering and Risk Analytics can pursue a wide-range of career tracks, including those of quantitative analyst, financial analyst, credit risk specialist, loan portfolio analyst, quantitative risk analyst, financial controller, and financial modeling expert.

Graduates work in a number of businesses such as commercial and investment banking, brokerage and investment firms, consulting and accounting firms, and insurance companies.



MS in Financial Engineering and Risk Analytics Curriculum

The MS in Financial Engineering and Risk Analytics is a 30-credit program that can be completed in 1 year of study. It includes 2 areas of concentration: quantitative finance and financial risk analysis.

The curriculum consists of 4 basic foundation courses and 6 courses in an area of concentration. Students who do not have finance or management backgrounds may take 6 additional credit hours of mathematics and statistics courses.

Core Courses

The program's core courses provide students with comprehensive knowledge about finance theory and modeling and computational techniques.

Core courses include "Financial Modeling;" "Financial Computation;" "Options Futures;" and "Derivatives Markets." Students may choose from 2 different concentration areas.

Quantitative Finance Track

Students in the quantitative finance concentration gain in-depth understandings of the technology-based tools and techniques that are used in finance. Courses focus on topics such as risk management, linear programming, time series analysis, financial mathematics and simulations, and financial trading and investing.

Risk Analysis Track

Students who choose the risk analysis concentration learn how to use a variety of technology-based resources to effectively analyze and use financial data. They may choose to take a variety of courses including courses on advanced financial statement analysis, financial econometrics modeling, advanced corporate finance, risk management, and international finance.

Well-Rounded Faculty Members

Faculty members -- like Aparna Gupta, PhD, John Teall, PhD, and Albert S. Paulson, PhD -- are skilled teachers, accomplished researchers, and successful professionals in a variety of industries. Research interests include risk management, applied statistics, mathematical modeling, finance, and insurance. Their research has been published in numerous academic journals.

Admissions Process at Rensselaer Polytechnic Institute

The graduate admissions process at Rensselaer Polytechnic Institute involves submitting the following items: an online application; GMAT or GRE scores; 2 essays; and a resume. International students should consult the website for additional requirements.

Rensselaer Polytechnic Institute -- the Nation's Oldest Technological University

Rensselaer Polytechnic Institute is located in Troy, New York, in the northeastern region of the United States. The institute, which is the oldest technological university in the nation, has more than 145 bachelor's, master's, and doctoral programs.

Innovative educational programs, cutting-edge research, and expert faculty members ensure that Rensselaer's 7,000 students receive high-quality educations that enable them to successfully compete in the global job market.

Because the university is located in New York's capital region, it is within reach of a variety of cultural and recreational opportunities including art galleries, museums, musical events, sporting events, shopping venues, festivals, mountains, lakes, and parks.

Contact Info
Michele M. Martens
Manager of Graduate Programs
Troy, NY 12180-3590
Phone: 518-276-6586
Fax: 518-276-2665

Programs Offered:
Offers Financial Engineering And Risk Analysis (MS).

• Tuition & Fees
• In-state tuition *$39,600
• Out-of-state tuition *$39,600
• International student tuitionNot Reported
• * Tuition for full-time graduate student per academic year
• Fees
• Per-academic year fees$1,896.00
• Per-term feesNot Reported
• One-time feeNot Reported
• * Fees for full-time graduate students
• Financial Support
• Financial award applicants must submitNot Reported
• Application deadlines for financial awardsNot Reported
• Types of financial support availableNot Reported