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Master of Science in Financial Engineering and Risk Management


The Master of Science in Financial Engineering and Risk Management (MS FERM) is a 36 semester-credit-hour STEM (Science, Technology, Engineering and Mathematics) and cohort degree program at the Naveen Jindal School of Management that provides students with the practical and theoretical knowledge needed by those pursuing careers in quantitative finance. Students learn the quantitative skills required to analyze financial information, engineer financial products and manage risks in any business enterprise. Financial data analytics and risk management are becoming two of the hottest fields in finance, and this program is designed to help students succeed in these areas.

MS in Finance To apply for the MS in Financial Engineering and Risk Management degree program, an undergraduate degree is required (all majors are considered).

  • Connect with the Director
  • Degree Plan
  • Tuition and Aid
  • Academic Partnerships

Connect with the Director

The MS in Financial Engineering and Risk Management degree offers a number of resources to enhance the learning experience. A Finance Trading Lab offers you the opportunity to train and get certified using the Bloomberg terminals. The lab also has access to several databases, including Thomson Reuters Eikon, S&P Capital IQ, SDC Platinum, Morningstar Direct and Wharton Research Data Services. The program and the Jindal School’s Career Management Center host many guest speakers and activities. These resources allow you to improve your quantitative and qualitative skills in analyzing financial data and managing risk.

For more information on the MS in Financial Engineering and Risk Management program and exciting opportunities at UT Dallas, please browse the website. For admissions-related questions, please contact ferm@utdallas.edu.

 
Robert Kieschnick, PhD Director
MS in Financial Engineering and Risk Management Program
 
Stefanie Wang Associate Director
MS in Financial Engineering and Risk Management Program

Degree Plan

UT Dallas Catalog icon

The MS in Financial Engineering and Risk Management requires 36 credit hours to complete the program. For the latest information about Academic Degree Plans, Course Catalogs and Course Information please visit the MS in FERM page of the UT Dallas Graduate Catalog.

Download Degree Plan

Program Schedule

Summer Prep

  • Math Prep
  • Python Prep

Term 1

  • ACCT 6305 Accounting for Managers
  • FIN 6302 Financial Markets, Institutions and Management
  • FIN 6307 Mathematical Methods in Finance
  • FIN 6368 Financial Information and Analysis
  • FERM Workshops

Term 2

  • FIN 6383 Financial Risk Management
  • FIN 6360 Derivative Market
  • FIN 6318 Analytics of Finance
  • FIN 6392 Financial Technology and Data Analytics
  • FERM Workshops

Term 3

  • FIN 6342 Insurance and Risk Management
  • FIN 6362 Quantitative Risk Management
  • FIN 6385 Enterprise Risk Management
  • FIN 6382 Numerical and Statistical Methods in Finance
  • FERM Workshops
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Did you know?

You can complete the MS FERM program while you work full-time.


Email MS FERM for details

Tuition

The MS in Financial Engineering and Risk Management is a self-fund program, student tuition is used to fully support the program.

Total Tuition (36 credit hours / 3 semesters)*:

  • Non-Resident: $44,000
  • Resident: $38,000

*Additional tuition may be assessed for enrollment in excess of 36 credit hours.

In lieu of scholarships, we offer tuition discounts based on assessment of the student’s performance in their first semester in the program.

Veterans, spouses and dependent children:

Please note, MS FERM program is NOT eligible for the Hazlewood exemption for the reason that the school does not receive state formula funding (tax support) for the program.

Other Program Costs

The student admitted is expected to pay a $600 seat fee to ensure a seat in the program. The seat fee will be used to pay for a number of things provided to the student, that are ancillary to her/his course work.

The $600 seat fee is separate from the tuition and is due before final processing of one’s admission is conducted.

In addition, living expenses and health insurance will be borne by the students. For international students, these expenses are set in accordance with the UT Dallas International Student Services Office (ISSO) and State Department guidelines for visa application for international students.

Financial Aid Information

Federal Student Loans are available for a student who is a US citizen or eligible noncitizen; is registered with Selective Service (males) or prove exemption; and, is admitted as a regular degree-seeking graduate student. You must submit the Free Application for Federal Student Aid (FAFSA) to apply electronically. You must first apply for a Federal Student Aid identification number (FSA ID). The FSA ID is needed to sign your FAFSA electronically, correct any information after you get your FAFSA results, and access your financial aid history online. The UTD federal school code is 009741.

Private Educational Loans are available for a student who does not meet the Federal Student Loan requirements or who prefers to borrow from a private educational lender. There are several sources of private-based long term educational loans that are issued based on the credit-worthiness of the borrower. More information is available via the UTD Financial Aid Office, including a list of some lenders.

UTD CONTACT:
More information is available by contacting Paula Baxter (paula.baxter@utdallas.edu or 972-883-4114)

Academic Partnerships

We are delighted to announce our academic partnership with the Global Association of Risk Professionals (GARP). Through its educational programs, networking events, and worldwide chapters, GARP promotes best practices in risk management and supports career development for risk professionals. With the support of GARP, MS FERM program offers the most up to date aspects of risk management, tailored to the needs of the rapidly changing financial markets.

Testimonial from GARP’s managing director Dr. Chris Donohue:

“We are very pleased to welcome another program from the Naveen Jindal School of Management at the University of Texas – Dallas to GARP’s Partnership for Risk Education. The newly launched Master of Science in Financial Engineering & Risk Management has been developed with the rigors of the field of quantitative finance in mind. It will provide its students with an integrated curriculum through which its students will obtain a foundation in data analytics and risk management techniques, ensuring they will be well positioned to pursue the FRM designation and to assume strategic roles within the global risk management profession.”

Dr. Chris Donohue, Managing Director – Head of Research & Educational Programs, GARP