Discover Viterbi: Financial Engineering Professor Petros Ioannou & Meghan Balding

Transcription

1 Discover Viterbi: Financial Engineering Professor Petros Ioannou & Meghan Balding October 22, 2013

2 WebEx Quick Facts Will I be able to get a copy of the slides after the presentation? YES! How can I ask a question during the info session? 1.Use the Chat panel to the right of this presentation. You will be able to send a message to the Panelists. 2.Type your question in the box. 3.In the dropdown menu where it says Send to select All Panelists so an advisor can answer your questions via chat.

3 Today s Program The University of Southern California Viterbi School of Engineering Master of Science in Financial Engineering Program Overview Application Criteria Graduation Requirements Distance Education Network (DEN@Viterbi) Tuition & Fees Q&A

4 University of Southern California

5 University of Southern California Oldest private university in western U.S. founded in ,000 Students: 18,000 Undergrads 22,000 Graduates 3,500 full-time faculty Diverse student population Located in Los Angeles

6 A Dynamic Location: Los Angeles, California Principal world center for aerospace, communications, biotech R&D, commerce, entertainment and the arts Los Angeles provides a setting for numerous cultural, educational and career opportunities California offers rich opportunities for internships and careers, with Silicon Valley to the north and the hub of biotech activity in San Diego, to the south

7 Viterbi School at a Glance 8 Academic Departments Academic Departments Leader in funded research 40+ Research Centers Research Faculty 177 tenuretrack faculty 35+ NAE 60+ NSF Career Awardees More than 65,000+ Alumni Student population 2,100 Undergraduate 4,000 Graduate students

8 Viterbi School: Points of Distinction International Reputation for Excellence New Announcements: Named Top 10 Graduate Engineering Program by US News and World Report (2013 Edition) Ranked #1 in both the Online Graduate Engineering Program and Online Computer Information Technology Program (Computer Science) rankings by the US News and World Report (2013 Edition) World Class Faculty & Research NSF Career Awardees Sol Golomb, Nat l Medal of Science Mark Humayun s Argus II (artificial retina) Trojan Family Network

9 The Viterbi School of Engineering: A Leader In Research Viterbi School is a consistent leader in funded research in the U.S. - highly interdisciplinary research environment - diverse research areas as robotics, software engineering, sensor networks, vision sciences, automated construction and photonics - over 40 research centers - industrial partnerships and collaboration Institute for Creative Technologies Biomimetic Microelectronic Systems Engineering Research Center National Center for Metropolitan Transportation Research Center for Energy Nanoscience

10 Petros Ioannou Meet Professor Petros Ioannou Professor Electrical Engineering Systems 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, Urbana Champaign

11 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

12 What is 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.

13 What is Financial Engineering? Financial Engineering can be applied to many different types of currencies and pricing options, including: Equity Fixed income (i.e. bonds) Commodities (i.e. oil, silver, gold) Derivatives Swaps Futures Forwards Options

14 What is Financial Engineering? To become a financial engineer requires a good understanding of: Finance and economics Mathematical tools: probability and statistics, differential equations, linear algebra, stochastic processes Engineering principles: Modeling, System Theory, Software Tools, Optimization, Random Processes with applications

15 What is 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

16 MS in Financial Engineering Program Overview 5 required courses: 17 units 4 advisor-approved electives in the areas of finance, business and economics, optimization, simulation and stochastic systems: minimum 12 units Internship or Project : 1 unit

17 Required Courses MS in Financial Engineering Program Overview GSBA 548 Corporate Finance ISE 563 Financial Engineering or FBE 559 Management of Financial Risks EE 503 Probability and Random Variables EE516 Mathematics and Tools for Financial Engineering EE 512 Evolution Theory of Stochastic Processes ENGR 596 or EE590 Internship or project (pending approval, to start Spring 2014)

18 MS in Financial Engineering Program Overview Finance, Business, Economics Area ECON 501 Macroeconomic Analysis and Policy ECON 613 Econometric and Financial Time Series I FBE 529 Financial Analysis and Valuation FBE 535 Applied Finance in Fixed Income Securities FBE 543 Forecasting and Risk Analysis FBE 554 Trading and Exchanges FBE 555 Investment Analysis and Portfolio Management FBE 589 Mortgages and Mortgage-Backed Securities and Markets FBE 540 Hedge Funds

19 MS in Financial Engineering Program Overview Optimization, Simulations, Stochastic EE 500 Neural and Fuzzy Systems EE 517 Statistics for Engineers EE 553 Computational Solution of Optimization Problems EE/ISE 556 Stochastic Systems and Finance EE 562a Random Processes in Engineering ISE 520 Optimization: Theory and Algorithms ISE 536 Linear Programming and Extensions ISE 539 Stochastic Elements of Simulation CSCI 455 Introduction to Programming Systems Design CSCI 570 Analysis of Algorithms

20 MS in Financial Engineering Degree Completion Criteria A minimum of 30 units is required for the general MS in Financial Engineering degree A minimum cumulative GPA of 3.00 is required for graduation

21 Application Criteria An undergraduate degree in engineering, math or hard science from a regionally-accredited university. Applicants with undergraduate degrees in finance, accounting and similar are also eligible to apply for this program Satisfactory GRE test scores. All scores must be officially reported to the university directly by ETS and less than 5 years old Letters of Recommendation (optional) Statement of Purpose (optional)

22 Application Deadlines FALL January 15, 2014* *December 15, 2013 for scholarship consideration SPRING September 15, 2014 Apply Online:

23 Course Delivery Methods Methods of Course Delivery On-campus, full time 3 classes per semester years to complete degree Distance delivery via 1-2 classes per semester 3-4 years to complete degree

24 Pioneer in distance learning since 1972 Distance Education Network Online delivery makes earning an MS degree practical for working professionals Online and on-campus students have fully equivalent academic experiences and earn the same degree Technical Requirements: High-speed internet access (DSL/Cable minimum) Windows Media Player Adobe PDF Reader

25 Distance Education Network Program Admission Student USC Graduate Application & required materials On Campus Student USC Graduate Application & required materials Weekly Course Lectures Online with Interactivity On USC s Campus Online Course Archives (Lectures & Course Documents) * Assignments Submit electronically via or fax according to course deadlines Submit during lecture or lab according to course deadlines Exams Proctored location USC s campus Courses per Semester (Average) Degree Completion Requirements USC Diploma (No Distinction) units with a 3.0 GPA or above units with a 3.0 GPA or above *DEN@Viterbi sections only.

26 s E-Learning System Video can expand to full screen and high resolution downloads are available Class notes are enlarged for better viewing; and can be downloaded and printed! Navigation bar for jumping to different parts of the lecture Video window and controls

27 Additional Info Limited Status Allows strong candidates to begin coursework before formal admission. Courses (maximum of 4 courses) can be applied toward degree program once admitted but limited status does not guarantee admission. Get Started: Tuition Deferment Students supported by company can defer up front payment of tuition until after the semester is over. Company must pay % of tuition to be eligible for program. For additional information:

28 Tuition & Fees for MS Student PER-COURSE TUITION Tuition for 3-Unit Course 500/600 level course: $1636 per unit $4,908 Degree Programs are units (9-11 courses) On-campus students will be required to pay $750- $900 in additional mandatory fees per semester

29 Getting Started For those interested in taking classes on campus: Visit USC campus Start your application: For those interested in DEN delivery Start as Limited Student this spring semester or apply for admission at the link above

30 CONTACT US USC Viterbi School of Engineering Graduate and Professional Programs - On Campus: viterbi.gradprograms@usc.edu DEN@Viterbi: DEN@Viterbi.usc.edu Phone: Web: MS in Financial Engineering Video: