Course Sequence

Professor Martinez

Professor Martinez giving a lecture in Credit Risk.

Full-Time

1st Semester, Fall (A)

  • FNCE 5310 - Introduction to U.S. Capital Markets*
  • FNCE 5312 - Risk Management of Financial Institutions
  • FNCE 5313 - Introduction to Econometric Analysis for Risk Managers

*Students not on a F-1 or J-1 visa and Accelerated MS students are waived from Introduction to US Capital Markets

2nd Semester, Spring (A)

  • FNCE 5322 - Risk Management in Equity Markets
  • FNCE 5321 - Financial Time Series & Volatility Modeling
  • FNCE 5332 - Risk Management in Fixed Income Markets
  • Capstone Projects will begin

3rd Semester, Summer

  • FNCE 5331 - Advanced Topics in Derivatives Pricing
  • FNCE 5323 - Applications in Enterprise Risk Management I
  • FNCE 5343 - Legal & Ethical Issues in Risk Management

4th Semester, Fall (B)

  • FNCE 5333 - Applications in Enterprise Risk Management II
  • FNCE 5341 - Risk Management in Credit Markets
  • FNCE 5344 - Enterprise Risk Management 1.5 credits
  • FNCE 5334 - Risk Management Project 1.5 credits

Optional Concentration in Quantitative Methods in Risk Management, Spring (B)

Concentration in Quantitative Methods in Risk Management

  • FNCE 5351 - Excel Visual Basic Applications in Financial Risk Management
  • FNCE 5352 - Financial Programming and Modeling
  • FNCE 5353 - Fintech Applications in Risk Management

Accelerated Full-Time

Students have to take and pass both FNCE 5322/5323 and FNCE 5333 as undergraduate students. FNCE 5310 is waived if a student has previously taken FNCE 4306 or equivalent.
1st Semester, Fall
•     FNCE 5310 – Introduction to US Capital Markets (may be waived; see above)
•     FNCE 5312 - Risk Management of Financial Institutions
•     FNCE 5313 - Introduction to Econometric Analysis for Risk Managers
•     FNCE 5341 - Risk Management in Credit Markets
2nd Semester, Spring
•     FNCE 5321 - Financial Time Series & Volatility Modeling
•     FNCE 5332 - Risk Management in Fixed Income Markets
3rd Semester, Summer
•     FNCE 5331 - Advanced Topics in Derivatives Pricing
•     FNCE 5323* - Applications in Enterprise Risk Management I (Seminar)*
•     FCNE 5343 - Legal & Ethical Issues in Risk Management
•     FNCE 5344 - Enterprise Risk Management 1.5 credits
•     FNCE 5334 - Risk Management Project 1.5 credits
o     Experiential Learning Requirement
*Students who elect to take FNCE 5323 as an undergrad, will instead take FNCE 5322 in the 2nd Semester in Spring. 

Part-Time

Under the part-time option, students are allowed the maximum possible flexibility to take as many or few courses as they wish every semester.  However, courses are still lock-step and part-time students must wait until the course is offered again next academic year. International students must study full-time.

A suggested sequence of courses for part-time students is as follows:

  •  Fall I – 2 courses
  • Spring I – any 2 courses (should take FNCE 5321 Financial Time Series & Volatility Modeling)
  • Summer I - any 2 courses (should take FNCE 5331 - Advanced Topics in Derivatives Pricing)
  • Fall II – 3 courses + FNCE 5334 - Risk Management Project
  • Spring II – 1 remaining course from Spring I
  • Summer II - 1 remaining course from Summer I

Total – 11 courses (33 credits)

All courses are lockstep and must be taken in sequence

Under the above scheme, part-time students will graduate in May of their second year in the program.

However, the program allows the students the maximum possible flexibility to choose as many or few courses as the part-time student wishes, subject to the following caveats:

  1. Domestic students will be allowed to take as many (not exceeding 3) or as few (including not taking any course) courses they choose during each semester.
  2. All domestic students are strongly advised to take at least one course each semester.
  3. All domestic students are strongly advised to take the Financial Modeling course sequence before they take the Financial Risk Management sequence, to the extent possible.
  4. Domestic students must finish the experiential learning project with the group to which he/she is assigned.
  5. All domestic students are strongly advised to finish the program within 2 years.
  6. All domestic students must finish the program (33 credits for the 15-month, 42 credits for the 20-month program) within 3 years from starting the program.

***Important - Students need to take a certain number of credits to be eligible for financial aid and to not have to repay loans.  Students should be careful about their funding availability if they choose to take less credits per semester.  Students are responsible to check with Financial Aid Office regarding this issue.