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 highly technical program is well suited for individuals with strong quantitative backgrounds in economics, mathematics, statistics, computer science, science and engineering. Graduates will be equipped 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 in Financial Engineering (GDFE).

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

Specialization Details by Category

Eligibility

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Students must be approved by the Program Director based on:
  • undergraduate degree
  • successful completion of undergraduate courses:
    • Calculus 1 and 2 – single and several variables
    • Linear Algebra
    • Foundations of Computer Science
    • Statistics and Probability
    • Microeconomics
Contact the Financial Engineering department to submit an Eligibility Questionnaire.

Specialization Requirements

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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.

View MBA Program details

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

Career Opportunities

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  • After completing the program, students will be equipped with the theoretical knowledge and specialized skills to develop and value new financial instruments and implement risk management schemes. Possible career paths include:

    • derivatives trading and valuation
    • risk management
    • investment banking
    • financial analysis in brokerage houses, financial institutions and consulting firms

    Students also have access to the Career Development Centre (CDC). As Schulich’s in-house team of certified Career Coaches and Industry Advisors, the CDC offers a wealth of innovative programs, resources and individualized mentoring and coaching to help you launch your career. Meet alumni, recruiters and industry leaders at corporate information sessions and other CDC events, and receive online access to the very best career tools available.

  • 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

Faculty

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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.