MS in Financial Engineering Management


Program Description

Several factors make the Financial Engineering Management program at Claremont Graduate University unique and highly desirable to both students and employers.

Our FE program has a dual focus on financial management and applied mathematics.

  • In the mathematics component, students develop the analytical skills and technical competencies needed to design and evaluate complex financial products. Technical excellence is emphasized as FE students take math courses with mathematics Ph.D. students.
  • In the finance component, students develop the managerial vision and leadership capabilities needed to understand and communicate the responsible strategic use of such products. Teamwork and leadership are emphasized as FE students take finance courses with MBA students.

This close integration of management and mathematics, the hallmark of our program, is not available at any other university. Scheduling is flexible, not lock-step. The degree can be pursued either part-time or full-time.

The highly-focused and rigorous program prepares graduates for careers in a broad range of specialties including:

  • Investment banking
  • Asset management
  • Corporate finance
  • Risk management
  • Consulting

Students in the Financial Engineering Management Program range in education and experience from recent undergraduates to Ph.D.s who are working in management-level positions. In recent years, students in the program have included:

  • A bond trader from Singapore
  • An astrophysicist from the United States Air Force
  • A mathematics teacher
  • An accelerated economics student
  • A modeling analyst from Boeing
  • A recent economics graduate
  • An executive manager with a Ph.D. in chemistry.

While their ages and experience vary greatly, our students share strong quantitative backgrounds and aptitude as reflected in GMAT or GRE test scores and undergraduate majors. In recent years, our students have ranked around the 85th percentile on the quantitative portion of the GMAT or GRE. An approximate breakdown of the undergraduate degrees of recent students is:

  • 10% Mathematics
  • 15% Mathematical Economics
  • 35% Engineering
  • 25% Economics
  • 10% Chemistry/Bio Chemistry
  • 5% Business

Applicants to the Financial Engineering program should have strong records of achievement in quantitatively oriented undergraduate disciplines and have completed multivariable calculus and linear algebra coursework. Ideal candidates are interested in the application of complex mathematical concepts to finance and risk management and have the potential to function effectively as leaders in professional management environments.

Last updated Oct 2017

About the School

Why Drucker? What makes one school different from the next? We believe it is the philosophy and the people that will ultimately define your grad school experience. And our philosophy is based on peopl ... Read More

Why Drucker? What makes one school different from the next? We believe it is the philosophy and the people that will ultimately define your grad school experience. And our philosophy is based on people—management as a human enterprise, as a liberal art. The people you’ll meet at the Drucker School reflect this philosophy—from the staff to the faculty, to your fellow students—in every interaction. You will be treated with respect, praised for your individuality, and embraced by the collegial synergy of our academic community. Here you’ll find high expectations and challenging programs, but also words of encouragement and expert guidance. You’ll find professors publishing the leading books in their fields who are eager to engage you in lively discussions about today’s most pressing issues. You’ll find a management style that values the cultivation of human potential as a company’s most valuable resource. You’ll find a school that is global, diverse, and rich with resources while being intimate and flexible enough for you to explore the path that is right for you. Here at the Drucker School, you’ll find something different. But don’t take our word for it—experience the difference firsthand and discover the possibilities your future holds at the Drucker School. Our Purpose We make a difference in the lives of those with whom we learn and the institutions we serve. Our Mission We achieve our purpose by developing and enriching the professional lives of our students: Enhancing their ability to think rigorously and ethically about complex, ambiguous issues, to make sound strategic decisions, and to lead and inspire others to achievement of common purposes Providing a personalized and practical, yet reflective learning experience Instilling intellectual curiosity and learning skills that will sustain a lifelong search for understanding and openness to innovation and change Read less