Master of Science in Financial Engineering
Viterbi School of Engineering
University of Southern California
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Today’s Program
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The University of Southern California
Viterbi School of Engineering
Master of Science in Financial Engineering
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Program Overview
Application Criteria
Graduation Requirements
Tuition & Fees
Q&A
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questions and select “All Panelists”
The University of Southern California
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Oldest private university in western
U.S. – founded in 1880
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37,000 students:
17,500 undergrads; 19,500 graduates
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3,300 full-time faculty
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Draws students from all 50 states and
110 countries
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Located in Los Angeles
USC Engineering: Points of Distinction
1. International Reputation for Excellence
2. World-Class Faculty and Research
3. The Trojan Family Network – 233,000
strong!
4. Unique engineering programs available
online, on-site & on-campus
5. Complete Range of Programs
• Master’s Degrees
• Graduate Certificates
• Short Courses
• Customized Programs
The Viterbi School of Engineering
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Ranked 11th in U.S. engineering graduate schools (US
News & World Report 2011)
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Ranked 10th in the world among engineering programs
(Academic Ranking of World Universities 2010)
Student Community
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USC has students from all 50
states in the U.S. and an
international student population
from 110 countries
21.3% International
MS Programs: Online delivery method
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Pioneer in Distance Learning for 40 years
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State-of-the-art facilities
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Advantage for on-campus students
• course material available online following live lecture
• Archived lectures available for review throughout semester
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Over 80% of Viterbi Master’s programs are available
completely online
Financial Engineering at USC
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Over the past few years, the Viterbi School has received
a significant increase in applications to this program
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The M.S. in Financial Engineering is available both on
campus and via online delivery
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Currently have 77 students enrolled
Meet the Program Director
Petros Ioannou
Professor Electrical Engineering Systems
http://www-rcf.usc.edu/~ioannou
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Fellow, Institute of Electrical and Electronics Engineers
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Winner, Young Investigator Award from National Science
Foundation (1985)
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B.Sc. degree with First Class Honors from University College,
London, England
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M.S. and Ph.D. degrees from the University of Illinois, UrbanaChampaign
What is Financial Engineering?
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Financial engineering is a multidisciplinary
field that applies engineering methodologies to
problems in finance.
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It employs financial theory and applied
mathematics, as well as engineering tools such
as computations and programming , modeling,
system theory and optimization
Master of Science in Financial Engineering
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It teaches the tools that help make
pricing, hedging, trading and portfolio
management decisions as well as use
derivative securities and other
instruments to control the financial
risk of individual or corporate
investors, financial institutions, banks
etc.
Master of Science in Financial Engineering
Financial Engineering can be applied to
many different types of currencies and
pricing options.
These include: equity, fixed income (i.e.
bonds), commodities (i.e. oil, silver
gold), derivatives, swaps, futures,
forwards, options etc. .
Master of Science in Financial Engineering
To become a financial engineer requires a good
understanding of:
• Financial economics
• Mathematical tools: probability and statistics,
differential equations, linear algebra
• Engineering principles: Modeling, System
Theory, Software Engineering, Numerical
analysis, Optimization, Random Processes
Master of Science in Financial Engineering
Financial engineers are normally employed in:
• Securities and banking industries
• Quantitative Analysts in consulting firms,
manufacturing and service firms
• Corporate finance and risk management analysts
in corporations
• Insurance companies
• Wall Street
Program Overview – Required Courses
Recommended Course Schedule: Required Courses
lSemester
1:
GSBA 548 : Corporate Finance
Two Elective courses from required areas
lSemester
2:
ISE 563 Financial Engineering;
EE512 Evolution Theory of Stochastic Processes
One elective course from required areas
lSemester
3: Three elective courses from required areas
Program Overview – Elective Courses
Finance, Business, Economics Area: Take two courses
FBE-529
Financial Analysis and Valuation
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FBE-535
FBE-543
FBE-554
FBE-555
Applied Finance in Fixed Income Securities
Forecasting and Risk Analysis
Trading and Exchanges
Investment Analysis and Portfolio Management
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FBE-559
FBE-589
Management of Financial Risk
Mortgages and Mortgage-Backed Securities
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ECON 500
Microeconomic Analysis and Policy
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ECON 501
Macroeconomic Analysis and Policy
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ECON 613
Econometric and Financial Time Series I
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ISE 566
Financial Accounting and Analysis for Engineers
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Program Overview – Elective Courses
Optimization, Simulations, Stochastic Systems: Take three Courses
EE464**
Probability Theory for Engineers
EE465**
Probabilistic Methods in Computer Systems
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Modeling
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EE 517
Statistics for Engineers
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EE553*
Computational Solution of Optimization Problems
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EE/ISE556 Stochastic Systems and Finance (recommended)
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EE562a
Random Processes in Engineering
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EE 649
Stochastic Network Optimization
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ISE 539
Stochastic Elements of Simulation
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ISE 520*
Optimization: Theory and Algorithms
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ISE 536
Linear Programming and Extensions
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ISE 538**
Stochastic Processes
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ISE560/CSCI570 Analysis of Algorithms
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CE645
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Uncertainty Modeling and Stochastic Optimization
Program Overview – Elective Courses
Systems and Control Area: Take one course
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EE500
Neural and Fuzzy Systems
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EE585#
Linear Systems Theory
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EE587
Nonlinear and Adaptive Control
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EE588
Linear Quadratic Control
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AME 541#
Linear Control Systems II
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Placement Test
Once admitted students are required to take a
placement test in Probability and Statistics and Linear
Algebra undergraduate level.
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fail the Probability and Statistics part the student will be
required to take a particular course from the electives i.e it will
count as part of the 27 units required for graduation
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fail the Linear Algebra the student will be required to take a
particular undergraduate course in Linear Algebra that is above
the 27 units minimum required for graduation
Program Overview – Graduation Criteria
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Complete all course requirement
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Maintain a GPA above 3.0 out of 4.0
Application Criteria – Prerequisites
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Undergraduate degree in engineering, math, physical science,
finance, or economics from a regionally-accredited university
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Good mathematics background (i.e. Probability and Statistics,
Linear Algebra, Differential equations)
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High GPA – your undergraduate institution is taken into
consideration
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High GRE or GMAT scores
Good GRE’s scores as close to 800 in quantitative and
sufficient score in Verbal section
Good GMAT scores: above 600
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Selection is competitive
Tuition and Fees
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Tuition is $1,513 per semester unit
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One 3-unit course costs $4,539
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A 3-unit course meets for 3 hours of lecture per week for
15 weeks (summer courses are condensed)
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It takes 9-12 courses to complete the degree
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Mandatory fees are an additional $1,650 per year
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Books approximately $150 – $200 per course
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Contact Graduate Programs office separately if you
choose the online delivery option – fee structure differs
Application Deadlines
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FALL 2012 – February 15, 2012
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Apply by December 15, 2011 for scholarship
consideration
Apply Online:
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http://www.usc.edu/admission/graduate/apply
*** Annual Graduate Engineering Preview Day at USC ***
Friday, November 4, 2011
Some travel stipends are available if you wish to attend – contact
Camillia Lee at vmasters@usc.edu
CONTACT
USC Viterbi School of Engineering
Petros Ioannou
Email: ioannou@usc.edu
Camillia Lee
Email: viterbi.masters@usc.edu