Master of Science in Financial Engineering

Viterbi School of Engineering

University of Southern California

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Todays Program

The University of Southern California Viterbi School of Engineering Master of Science in Financial Engineering

Program Overview Application Criteria Graduation Requirements

Tuition & Fees Q&A

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The University of Southern California

Oldest private university in western U.S. founded in 1880 37,000 students: 17,500 undergrads; 19,500 graduates 3,300 full-time faculty Draws students from all 50 states and 110 countries Located in Los Angeles

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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

Masters Degrees Graduate Certificates Short Courses Customized Programs

The Viterbi School of Engineering

Ranked 11th in U.S. engineering graduate schools (US News & World Report 2011) 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 State-of-the-art facilities 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 Masters programs are available completely online

Financial Engineering at USC

Over the past few years, the Viterbi School has received a significant increase in applications to this program The M.S. in Financial Engineering is available both on campus and via online delivery Currently have 77 students enrolled

Meet the Program Director

Petros Ioannou
Professor Electrical Engineering Systems http://www-rcf.usc.edu/~ioannou

Fellow, Institute of Electrical and Electronics Engineers Winner, Young Investigator Award from National Science Foundation (1985) B.Sc. degree with First Class Honors from University College, London, England M.S. and Ph.D. degrees from the University of Illinois, UrbanaChampaign

What is Financial Engineering?

Financial engineering is a multidisciplinary field that applies engineering methodologies to problems in finance. 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

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
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2:

ISE 563 Financial Engineering; EE512 Evolution Theory of Stochastic Processes One elective course from required areas
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3: Three elective courses from required areas

Program Overview Elective Courses

Finance, Business, Economics Area: Take two courses FBE-529 FBE-535 FBE-543 FBE-554 FBE-555 FBE-559 FBE-589 ECON 500 ECON 501 ECON 613 ISE 566 Financial Analysis and Valuation Applied Finance in Fixed Income Securities Forecasting and Risk Analysis Trading and Exchanges Investment Analysis and Portfolio Management Management of Financial Risk Mortgages and Mortgage-Backed Securities Microeconomic Analysis and Policy Macroeconomic Analysis and Policy Econometric and Financial Time Series I Financial Accounting and Analysis for Engineers 3 3 3 3 3 3 3 4 4 4 3

Program Overview Elective Courses

Optimization, Simulations, Stochastic Systems: Take three Courses

EE464** EE465** EE 517 EE553* Probability Theory for Engineers Probabilistic Methods in Computer Systems Statistics for Engineers Computational Solution of Optimization Problems Modeling 3 3 3 3 3 3 3 3 3 3 3 3 3

EE/ISE556 Stochastic Systems and Finance (recommended) EE562a EE 649 ISE 539 ISE 520* ISE 536 ISE 538** Random Processes in Engineering Stochastic Network Optimization Stochastic Elements of Simulation Optimization: Theory and Algorithms Linear Programming and Extensions Stochastic Processes

ISE560/CSCI570 Analysis of Algorithms CE645 Uncertainty Modeling and Stochastic Optimization

Program Overview Elective Courses

Systems and Control Area: Take one course

EE500 EE585# EE587 EE588 AME 541#

Neural and Fuzzy Systems Linear Systems Theory Nonlinear and Adaptive Control Linear Quadratic Control Linear Control Systems II

3 3 3 3 3

Placement Test

Once admitted students are required to take a placement test in Probability and Statistics and Linear Algebra undergraduate level.
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 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
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Program Overview Graduation Criteria

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Complete all course requirement 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 Good mathematics background (i.e. Probability and Statistics, Linear Algebra, Differential equations) High GPA your undergraduate institution is taken into consideration High GRE or GMAT scores Good GREs scores as close to 800 in quantitative and sufficient score in Verbal section Good GMAT scores: above 600

Selection is competitive

Tuition and Fees

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Tuition is $1,513 per semester unit 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) It takes 9-12 courses to complete the degree

Mandatory fees are an additional $1,650 per year Books approximately $150 $200 per course Contact Graduate Programs office separately if you choose the online delivery option fee structure differs

Application Deadlines

FALL 2012 February 15, 2012

Apply by December 15, 2011 for scholarship consideration

Apply Online:

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