Financial Engineering

The Bachelor of Science in Financial Engineering (FE) is a multidisciplinary major that emphasizes the creation of new financial economic instruments as well as the combining of existing instruments to manage risk, create strategic business opportunities, lower costs, and access new markets. Risk management is essential in today’s highly leveraged domestic markets as well as the global business environment. Successful market, credit, and production risk management requires complex financial economic modeling and analysis.

The objective of the program is to provide students with the necessary tools to manage a business’s financial risks.  In keeping with this objective, financial engineering majors undertake rigorous training in financial economics, engineering mathematics, and actuarial methods:

  • Mathematics similar to engineering but expanded to include more statistics and probability theory
  • Financial economics with a solid background in classical economic theory and markets (capital, commodity, and derivative)
  • Software engineering and modeling

Financial engineers are commonly employed in banking, corporate finance, securities, insurance, manufacturing, agricultural businesses, and other industries that require sophisticated financial management skills. To remain competitive, regional industries as well as national and international firms will employ financial engineers because of the increased complexity and sophistication of business risk management. Due to their rigorous training, the demand for financial engineering graduates is high with a forecasted growth rate of 18 to 20% annually over the next seven years, according to the Occupational Outlook Handbook.

The financial engineering major is a joint program of the Department of Mechanical and Industrial Engineering and the Department of Agricultural Economics and Economics.

Freshman YearCredits
FallSpring
Choose one of the following:3  
CLS 101US - Knowledge and Community
COM 110US - Public Communication
M 171Q - Calculus I4  
CORE6  
CSCI 111 - Programming with Java I4  
M 172Q - Calculus II  4
PHSX 220 - Physics I (w/ calculus)  4
EFIN 101 - Introduction to Financial Engineering  1
ECNS 251IS - Honors Economics*  4
WRIT 101W - College Writing I**  3
Year Total: 17 16
Sophomore YearCredits
FallSpring
CSCI 132 - Basic Data Structures and Algorithms4  
EGEN 325 - Engineering Economic Analysis3  
M 221 - Introduction to Linear Algebra3  
M 273Q - Multivariable Calculus4  
ECNS 309 - Managerial Economics3  
CSCI 232 - Data Structures and Algorithms  4
CHMY 141 - College Chemistry I  4
ECNS 301 - Intermediate Micro with Calc  3
M 274 - Introduction to Differential Equation  4
Year Total: 17 15
Junior YearCredits
FallSpring
EIND 354 - Engineering Probability and Statistics I3  
Professional Electives3  
ECNS 313 - Money and Banking3  
EIND 300 - Engineering Management & Ethics3  
EIND 364 - Principles of Operations Research I3  
EIND 464 - Prin of Operations Research II  3
EIND 457 - Regres & Multivar Analysis  3
Professional Electives  3
EFIN 301 - Engineering & Economic Financial Management I  3
EIND 373 - Production Inventory Cost Analysis  3
Year Total: 15 15
Senior YearCredits
FallSpring
Technical Electives3  
ECNS 406 - Industrial Organization3  
EFIN 401 - Engineering & Economic Financial Management II3  
EIND 468 -
ECNS 461 - Financial Econometrics3  
CORE  3
Technical Electives  6
Professional Electives  3
EFIN 499 - (Capstone course beginning Spring 2016)
Year Total: 12 12
Total Program Credits: 125
*

May substitute ECNS 202 Principles of Macroeconomics and ECNS 204IS Microeconomics

**

 Students exempt from MSU writing requirement should substitute WRIT 221 Intermediate Tech Writing

Professional Electives

BFIN 420Investments I3
BFIN 441Advanced Analysis of Financial Statements3
BFIN 452International Finance3
BFIN 458Commercial Bank Management3
BFIN 466Investments II3
ECNS 314International Economics3
ECNS 345Econ Org, Fin, & Credit3
ECNS 403RIntro to Econometrics3
ECNS 432RBenefit-Cost Analysis3
EGEN 310RMultidisc Engineering Design3
EGEN 492Independent Study1-3
EIND 425Technology Entrepreneurship3
EIND 434Project and Engineering Management3

Technical Electives

CSCI 440Database Systems3
CSCI 446Artificial Intelligence3
CSCI 447Machine Learning: Soft Computing3
ECNS 501Microeconomic Theory3
ECNS 502Macroeconomic Theory3
ECNS 562Econometrics II3
EIND 422Introduction to Simulation3
EIND 458Production & Engineering Mgmt3
M 441Numerical Linear Algebra & Optimization3
STAT 408Statistical Computing and Graphical Analysis1-3
STAT 436Introduction to Time Series Analysis3

A minimum of 125 credits is required for graduation; 42 of these credits must be in courses numbered 300 or above.