Financial Engineering

Master of Science in Financial Engineering

Students benefit from the best U-M has to offer in this interdisciplinary program. The core includes finance courses from the Stephen M. Ross School of Business, mathematics and statistics courses from the College of Literature, Science and the Arts, and optimization and computational courses from the College of Engineering

Graduates with degrees in financial engineering work with data, statistics, and financial theory in some form of computational analysis. They apply advanced mathematical models, financial models, and computer technology to financial products and financial management. Because of the technical requirements of the program, engineers, physics and math majors, and computer programming specialists are well represented in the student population.

There is a strong demand for graduates with skill sets that span finance, math and computer programming. There are challenging career opportunities in energy and other commodities trading, startups, joint ventures, risk management, financial services, banking, wealth and asset management, insurance, government agencies, trading companies, hedge funds, information technology, and consulting. The average salary for graduates is between $80,000-90,000.

The Financial Engineering Program opens new doors and opportunities for students. Typically no one person completes their undergraduate degree with expertise in all three fields of finance, mathematics, and computational skills. Those with an engineering background have strong experience in math. U-M's Financial Engineering Program accepts these technically proficient students and educates them in finance and computational skills.

The program also makes students aware of the bigger world of finance so that they can put models and techniques in context. It also helps them develop the kinds of soft skills they need to move up in their jobs such as communication, leadership, and management interdependency. Students have the opportunity to learn networking skills and start to build relationships that will benefit them for the rest of their lives.

Immediate networking takes place right here on campus as the first-year students get to know the second-year students. Within a semester, those second-year students will have moved to well-paying jobs, thereby creating an immediate network of friends in the right places. Students immediately start building the foundations for relationships that will last a lifetime, in addition to the advantages that come with having a degree from an internationally-respected leader in higher education such as U-M.

Please go directly to the Financial Engineering website for more detailed information about the program: