Graduate Certificate in Risk Management

(Restricted to MSMF and MSDS students)

Admission Requirements for Certificate

Students enrolled in the degree programs who have completed their first year with a GPA of 3.0 or higher and have taken the prerequisite courses are eligible to earn the certificate in financial statistics and risk management. Most students can complete their degree program requirements within three semesters and students who wish to earn the certificate can complete the additional requirements by the end of their fourth semester. Students are required to complete the five courses designated for the certificate with grade B or higher.

 Menu of Courses and Certificate Requirements

An MSMF student must complete five required courses in FSRM program, or equivalent courses (approved by the managing committee). Three of the five are in addition to the ten three-credit courses required by the MSMF degree program. The pre-requisites and syllabi of all courses are determined by the programs offering those courses.

Required: These two count as equivalent courses and towards the MSMF degree and Risk Management Certificate.  

  • 16:220:507 Econometrics I
  • 16:332:503 Programming Methodology for Numerical Computing and Finance (C++)

Choose at least three:

  • FSRM 16:958:534 Advanced Methods/Statistics for Risk Management Practice (offered in Spring)
  • FSRM 16:958:590 Foundations of Financial Statistics & Risk Management (offered in Fall)
  • FSRM 16:958:535 Advanced Statistical Methods in Finance (offered in Spring)
  • FSRM 16:958:587 Advanced Simulation Methods for Finance (offered in Fall)
  • FSRM 16:958:536 Advanced Risk Evaluation and Management (offered in Fall)

 Certificate sample pathway

 

 
 MSDS (Stat) FSRM
Certificate
MSMF FSRM
Certificate 
Fall        
    958:581
Prob & Inference
 Yes  643:573
Numerical Anal. I
 
   954:596
Regression and TS
Yes 643:621
Math Finance I
 
  198:512
Data Structure Alg
  220:507
Econometrics I 
Yes
      332:503
C++
Programming
Yes
Spring        
  954:567
Stat method and comp
   643:574
Numerical Anal. II
 
  958:588
Financial Data Mining
  643:622
Math Financial II
 
  958:589
Adv. Programming
or 198:539
Database
   643:623
Computational 
Finance
 
  954:597
Data Wrangling 
  220:508
Econometrics II
 
Fall        
   954:534
Statistical Learning
    643:625
Port. Management
 
   954:577
Software
  958:590
Foundation FSRM 
 Yes 
Additional
   958:590
Foundation of Finance
 Yes 
Additional
 958:587
Simulation
  Yes 
Additional
   958:591
Algorithm Trading
 Yes 
Additional
   
Spring        
   958:534
Adv. Risk Management
 Yes 
Additional

 954:535 Advanced Stat Methods OR 

958:534 Advanced Risk Mngmt

  Yes 
Additional
  Elective   MSMF Elective