(CSE) Faculty of Computer Science and Engineering

Study Program in Financial Engineering

Introduction

The rapid development of information science and technology and their enormous impact on the functioning of societies, gives room for the claim that we are entering a new era called ‘information age’ or ‘third industrial revolution’ . Information science and technologies are creators of conditions for the development of new industries and increased economic development.

Today, information science and technology is the backbone and basis of the competitiveness and efficiency of any business. The risk of economic and financial crises on one hand, and the constant development of new technologies on the other hand imposes the need for constant education, training and upgrading of knowledge from professionals working in information science and technology, as well as those involved in the financial operations of financial institutions and markets. The need to constantly learn new sophisticated technologies is the reason which makes these sciences and technologies highly attractive and challenging.

Financial engineering is a multidisciplinary field that connects information science, mathematics and economics in the process of cognition, modeling and simulation of existing and the creation of new financial instruments and strategies. Engineering methodologies are applied to problems in finance in addition to financial theory and applied mathematics, as well as the skills and practice of programming. Financial engineering involves the processes of creating new stocks, as well as designing new financial instruments, especially derivative securities.

Program Outcomes

Financial engineering is a process where applied mathematics, finance and computer skills are applied in the decision making of selling prices, preserved value, trading and portfolio management. By using different models for derivative securities, financial engineering aims to precisely control the financial risk of the subject. The models that are developed are used to taking on unlimited risk for certain events or to completely eliminate other risks by using combinations of derivatives and other securities.

The study program aims to provide graduates who possess multidisciplinary qualifications that will be based on or that will incorporate new processes, systems and models for analysis and prediction of global processes, including financial movements. Such tools are developed and constantly updated within information sciences and technologies.

Master studies in Financial Engineering last for two years, four semesters, according to the model 3+2.

Course Outline (Download)

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