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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
  • Other Program Costs
  • Financial Aid Information
  • 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 eLearning
  • EXCEL (online)
  • SQL (online)

Term 1

Term 2

  • FIN 6342 Insurance and Risk Management
  • FIN 6360 Options and Futures Markets
  • FIN 6368 Financial Information and Analysis
  • MECO 6312 Applied Econometrics and Time Series Analysis
  • FERM/GARP Workshops

Term 3

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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, and so student tuition is used to fully support the program. For the 2018 entering class, out-of-state tuition will be $14,667 per semester and in-state-tuition will be $11,667 per semester for each of the three semesters of formal course work.

Because the program is self-funded, we do not offer scholarships but rather we will offer tuition discounts based an assessment of the admission committee of the applicant’s prior academic performance or the applicant’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

Students admitted to the program are expected to pay a seat fee to insure a seat in the program. This seat fee, $500 for the Fall 2018 entering class, will be used to pay for a number of things that the program will provide students, but that are ancillary to their course work. This seat fee is separate from you 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