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
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.