Financial Engineering (Concurrent Diploma Only)

  • The concurrent Graduate Diploma in Financial Engineering is offered by the Schulich School of Business in collaboration with the Department of Mathematics and Statistics. It provides a rigorous education in financial theory, methods of engineering, tools of mathematics and practice of programming. This diploma equips students with the skills to develop and value new financial instruments and implement risk management schemes.

    Students interested in Financial Engineering may also pursue the Stand-Alone Graduate Diploma:

    Learn more: Graduate Diploma in Financial Engineering (GDFE)

  • Professor Ming Dong, Program Director
    Professor Ming Dong, Program Director

Specialization Details by Category

Career Opportunities

View details Hide details
  • Graduates’ career paths include derivatives trading and valuation, and risk management in banks, investment firms, brokerage houses and consulting firms.

     

  • Chance Moran (MBA '11)

    “The Schulich MBA takes you beyond the comfort of a traditional classroom with innovative, real-world learning.”

    Chance Moran (MBA '11)Director, Equity Derivatives Trading
    CIBC Capital Markets Inc.
  • The Schulich Career Development Centre

    Your career is top priority at Schulich. To make career decisions that are right for you, the CDC will help you identify strengths, determine career objectives, develop career plans, hone skills for career management and put your professional development plan into action.

    - Our highly experienced CDC Advisors bring a unique combination of first-hand knowledge, experience and diverse perspectives in a wide variety of businesses and industry sectors.

    - Take advantage of a series of proven career-building modules, including up-to-date Job Search Techniques, Self-Assessment, Resume and Cover Letter Writing, and Interview Skills to help you stand out from the competition.

    - Corporate Information Sessions offer you an opportunity to meet top level recruiters, alumni and executives.

  • Career Development Centre

Study Options

View details Hide details

Choose a study option to view its details and requirements

Specialization Requirements

View details Hide details

Graduate Diploma in Financial Engineering Requirements

Must be taken concurrently with a Schulich MBA*

  • The Graduate Diploma must be completed within one term of completing all MBA program requirements
  • 21.00 credits of required courses below
  • An internship in a financial institution or an additional research paper
  • Enrolment in Financial Engineering courses is with the permission of the director
  • Students working towards the Diploma in Financial Engineering may take a maximum of 9.00 credits outside Schulich

* Students must satisfy both Graduate Diploma and MBA requirements.

Required Courses

  • STOCHASTIC CALCULUS IN FINANCE
  • NUMERICAL METHODS IN FINANCE
  • INVESTMENTS
  • OPTIONS, FUTURES & OTHER DERIVATIVE SECURITIES
  • ADVANCED DERIVATIVE SECURITIES
  • FIXED INCOME SECURITIES
  • MODELS & APPLICATIONS IN OPERATIONAL RESEARCH

Faculty

View details Hide details

The teaching, research and consulting activities of faculty members cover the fields of investments, financial engineering, financial services and corporate finance.

The work of the faculty brings theoretical rigour to practical applications. For example, faculty members have developed a unique approach to personal investment management over the human lifecycle. Our faculty have won numerous awards for their work and are in high demand by practitioners and the media. They interact with the private sector as consultants and Board members, amongst other roles.

Other research areas include investor biases, investor mood and the markets, the effect of thin trading on stock prices, the management of financial institutions, financial innovation and international financial management.

Student Clubs

View details Hide details

Schulich Finance Association (SFA)

The SFA provides an opportunity for students to learn more about careers in a variety of Finance areas (Investment Banking, Sales and Trading, Research, Corporate, Commercial and Retail Banking), to serve as a forum to network with Finance professionals, and to reinforce Schulich’s image in the corporate world.

Through a number of events, including the panel discussion and speaker series, round table discussions and the Day on Bay, students can meet and learn first-hand from experienced industry professionals.

Email: sfa@schulich.yorku.ca

Schulich Investment Management Club (SIBC)

The SIBC was created to provide assistance to students in obtaining internships and full-time positions within investment banks and capital markets by developing its members’ skills in the areas required by the investment banking industry; mentoring students with current practicing professionals; educating students in the rigors of the hiring process; and building networks with the industry.

The SIBC also provides leading investment banks with priority access to Schulich’s top prospective investment banking recruits.

Email: investmentbanking@schulich.yorku.ca

 

Portfolio Management Club (PMC)

The PMC mission is to enhance the investment and portfolio management skills of its members and invest members’ periodic financial contributions in securities, options and bonds for the purposes of charitable benefit.

The club organizes guest lectures by industry experts and portfolio managers to facilitate the learning of its members. Moreover, members can practice their investment strategies during the stock challenge organized by the club.

Finally, the club provides frequent opportunities to network with industry professionals and access to employment opportunities in the portfolio management area.

Email: pmc@schulich.yorku.ca