Core Courses
Elective Courses
Elective Financial Lab Courses
The Financial Technology and Analytics master's degree program is designed to equip students with the skills needed to become "P-quants" who can forecast and estimate financial data using real-world probability models. The program's faculty is at the forefront of changing industry perspectives on concepts like machine learning, data modeling, and finance optimization. Students have access to the unique Hanlon financial labs equipped with cutting-edge data analysis and visualization tools. This STEM-designated program focuses on FinTech and Financial Data Science, with ongoing development of new courses to keep pace with financial innovations. It promotes a culture of continuous learning among students and alumni, emphasizing strong proficiency in Financial Technology for employability in evolving roles within the Financial Services Industry.
Core Courses (a total of 18 credits, 9 Joint Core Credits, 9 Core Stream Credits)The students declare one of the following two concentrations in the first semester using workday. The concentration may be changed later if the respective courses are completed.
Financial Technology Stream (FinTech)The students must complete 12 more credits of elective courses. The courses may be selected from any of the courses in the list:
Please consult your advisor should you wish to use any elective courses not on the list.
Elective Courses
Elective Financial Lab Courses
The Finance curriculum provides you with a rigorous study of the terminology, methods and application areas of economics, finance and financial technology. Classes will prepare you to apply technology for financial analysis, forecasting and management; assess the financial health of an organization; develop plans that address financial management needs of an organization; and lead business and technology teams.
Prerequisites
Economics core
Finance core
Informational, Computational and Quantitative Core *
* Three (3) of Four (4) courses listed above are required.
Investment Banking and Valuation Specialization *
* Four (4) of seven (7) courses; the six (6) courses listed above plus the Capstone Experience
Financial Analytics and Risk Specialization *
* Four (4) of six (6) courses; the five (5) courses listed above plus the Capstone Experience
Wealth Management Specialization *
* Four (4) of seven (7) courses; the six (6) courses listed above plus the Capstone Experience
Certified Financial Planner Specialization
Capstone experience
Recent years have seen unprecedented change in financial systems technology. Algorithmic trading has become a dominant component of trade volumes on exchanges. The implementation of software and automatic decision support systems in dynamic markets has become part of the skills needed to succeed in the domain of algorithmic finance. This four-course certificate is designed to provide financial engineers with the necessary understanding of architecting and implementing a financial trading systems.
The following courses are required for this certificate:
The Financial Computing certificate enables students to operate effectively in the complex financial computing environment. Students will develop expertise in implementation of financial computing models, knowledge of financial databases, financial engineering software and specialized programming languages. The combination of hands-on skills and a real-life financial computing project will enable them to compete for top jobs in this industry class.
The following courses are required for this certificate:
Additionally, students choose one of the following electives:
Students also choose two from the list of lab courses.
The components of financial problem solving are embedded in the methods of applied mathematics, computational techniques, statistical analysis and economic theory. In a financial engineering program, those components are directed towards solving problems in securities valuation, risk management, portfolio structuring and regulatory concerns with emphasis on tools and training in stochastic modeling, optimization and simulation techniques.
The following courses are required for this certificate:
The recent turbulence in the financial system heightened the need for a much stronger understanding of the financial system, its environment and the risk measures applied in the industry to quantify risk it in its multiple hierarchies. This certificate enables the graduate to fill this need and play an important role in balancing the interests of shareholders with the appropriate levels of risk taken by the managers and decision makers.
Financial Risk Engineering Requirements
This is a 12-credit certificate program, the required courses are as follows:
The required courses are:
Students must take the following two courses.
Choose one of the following elective courses.
Choose one of the following elective courses.
The Financial Services Analytics Certificate teaches you the science and technology of creating data-driven insights and analytics decision-making for the financial services industry. Use these insights to increase the effectiveness of business operations, enhance customer relationships, improve product offerings, and improve risk analysis and risk management. You will learn various statistical learning methods and database skills to create end-to-end business decision-making data analytic tools from an enterprise-level systems approach.
The following courses are required for the certificate:
In our data driven world the capability of analyzing and drawing meaningful conclusions from said data is paramount. This statement is valid to all areas of science and engineering, particularly to finance. The certificate as designed will allow a student to have all the necessary tools to be able to analyze data in a scientific and fundamentally correct way.
The following courses are required for this certificate:
The Machine Learning in Finance certificate will provide the technical and programming knowledge needed to shine in new roles such as technical financial analyst and Data Scientist in Finance as well as be capable of implementing the models developed and put them in production. The certificate is designed to cover probability, statistics then machine learning techniques used in Finance. The final course in the certificate provides the FinTech know how to be able to produce an end-to-end solution from data to customers. Knowledge of R and Python is required throughout the certificate.
The following courses are required for this certificate:
Financial services is one of the fastest-evolving sectors of the economy, constantly incorporating many new technologies in processes underlying its products and services. Machine learning, blockchain, and digital payment systems are just a few of the latest technologies that have been introduced in financial services industry. This certificate will introduce students to tools necessary for the application of the newest techniques to financial problems in a scientific and methodical way.
The following courses are required for this certificate:
FA 690 can be substituted by a combination of FA 691 and FA 692.
Financial advising is regularly listed among the top jobs in the United States, with increasing demand for services as retirement planning increasingly becomes the responsibility of individuals, not employers. Being a savvy wealth manager means understanding the basic tenants of finance — including risk, investment management and estate planning — but also requires a set of analytical skills, so you can ensure you're making smart recommendations that create value for your customers, whether they are parents planning a college fund, retirees preparing inheritances or hedge funds.
The Financial Planning certificate at Stevens has been registered with the Certified Financial Planner Board of Standards, indicating that it teaches the required skills for aspiring financial planners to sit for the required exams to pursue certification.
The following courses are required for this certificate:
Every business, no matter what it does, needs strong financial leadership to ensure the fiscal health of the enterprise. But working in a corporate finance department requires a highly specialized set of skills encompassing economics, accounting and finance, and technology is introducing new tools that are changing how managers in this space solve problems and make decisions.
The Fundamentals of Finance graduate certificate at Stevens will help you think differently about the technology-driven changes, challenges and opportunities of the finance discipline. Upon completion of this four-course program, you'll be well equipped to pursue leadership responsibilities in the financial operations of a corporate office or at a bank, hedge fund, investment firm or related enterprise.
The following courses are required for this certificate: