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.
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 Program Costs
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 JSOMGRAdvising@utdallas.edu.
Students pursuing the Master of Science in Financial Engineering and Risk Management degree program are required to have completed coursework in calculus (including multivariate calculus), linear algebra, probability and statistics, and programming with a grade of B or better. Applicants who have not satisfied these requirements may be admitted but will need to satisfy the prerequisites within the first 12 semester-credit-hours of graduate study. To do so, they will need to work out a course plan with the program director. Degree credit is not earned for program prerequisites; however, the grade achieved in prerequisites will count toward the student’s grade-point average (GPA).
Core Courses (18 semester credit hours)
Elective Courses (18 semester credit hours – select from the below list)
- ACCT 6312 Cybersecurity Fundamentals
- ACCT 6320 Database Foundations
- ACCT 6336 Information Technology Audit and Risk Management
- FIN 6340 Management of Financial Institutions
- FIN 6342 Insurance and Risk Management
- FIN 6352 Financial Modeling
- FIN 6362 Quantitative Risk Management
- FIN 6364 Portfolio Analysis and Management
- FIN 6368 Financial Information and Analysis
- FIN 6381 Introductory Mathematical Finance
- FIN 6382 Numerical and Statistical Methods in Finance
- FIN 6383 Financial Risk Management
- FIN 6385 Enterprise Risk Management
- FIN 6V98 Finance Internship
- FIN 6V99 Special Topics in Finance
- OPRE 6335 Risk and Decision Analysis
Tuition and Program Costs
In-state tuition and fees are $35,000, and out- of- state tuition and fees are $44,000 for the degree program. 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. Tuition and fees are paid in two installments in the fall and spring semester.
Explanation of Costs
The total program cost includes:
- Program tuition and registration fees
- Program activities
- Career coaching