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Financial Engineering and Risk Management Part I

Financial Engineering is a multidisciplinary field drawing from finance and economics, mathematics, statistics, engineering and computational methods. The emphasis of FE & RM Part I will be on the use of simple stochastic models to price derivative securities in various asset classes including equities, fixed income, credit and mortgage-backed securities. We will also consider the role that some of these asset classes played during the financial crisis. A notable feature of this course will be an interview module with Emanuel Derman, the renowned ``quant'' and best-selling author of "My Life as a Quant". We hope that students who complete the course will begin to understand the "rocket science" behind financial engineering but perhaps more importantly, we hope they will also understand the limitations of this theory in practice and why financial models should always be treated with a healthy degree of skepticism. The follow-on course FE & RM Part II will continue to develop derivatives pricing models but it will also focus on asset allocation and portfolio optimization as well as other applications of financial engineering such as real options, commodity and energy derivatives and algorithmic trading.

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Rating 4.4 based on 324 ratings
Length 9 weeks
Effort 12 hours videos and quizzes
Starts Jul 12 (148 weeks ago)
Cost $49
From Columbia University via Coursera
Instructors Martin Haugh, Garud Iyengar
Download Videos On all desktop and mobile devices
Language English
Subjects Business
Tags Business Finance

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What people are saying

financial engineering

The course gives an introduction to financial engineering, mainly with respect to valuation of derivatives in a binomial model framework.

This course help me to understand correctly the world of financial engineering.

Great introduction Financial Engineering and I'm excited to learn more about it.

This course introduces financial engineering and risk management very adequately.

Requires some basic math (and programming if you are not an excel fan) As the first serious encounter with financial engineering I found the course challenging but very rewarding.

By the time you finish it, you will have an idea of how financial engineering works and will understand the math behind the scenes.

It's a very nice course for those of you who interested in financial engineering.

It is a brilliant course covering all the key concepts in the financial engineering and model calibrations!

Still useful for someone like me that never done financial engineering, to find all the concepts in one place.

I learned a lot and I'm fucking master in Financial engineering so it's a good sign Bit difficult but worthy Good course.

I enjoyed the course and it gave me a great introduction to financial engineering.

After this course, I'm pretty looking forwards to being a member in Columbia University Financial Engineering.

I have a financial background but i am new to the financial engineering, so I had hard time to follow some financial models.

Very very cool It's very insightful and eye-opening for me, since this course topic is not quite popular in my country This course effectively provides an introductory overview of the basic concepts in financial engineering world (arbitrage, discounting, fair pricing etc).

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very good course

Very Good Course.

simple but awesome course Very good course, I learned a lot with the teachers.

Very good course.

Extremely interesting material Very good course !

Very good course, quite challenging.

Gorgeous very good course.

Highly recommended Very good course to understand financial products.

金融工程和风险管理 比较学院风 Very good course!

A very good course for students of Financial Engineering.

have not finished it yet , but a very good course so far, a lot theory mixed with exercises.

I hope they provide more practice quizzes Very good course!

Very good course !!

Overall a very good course!

很好的课程!节奏紧凑,具有挑战性。从论坛学到了很多。 Very good course.

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very interesting

Very interesting mix of theory, practise and real world examples.

I found it to be a very interesting course and the teachers were very clear in their concepts, as well as an excellent didactic material to better understand the topics covered.

Good foundational course It's a very interesting and an excellent course for the people who are interested in finance and management.

I'm sorry to say the course never came close to my expectations, despite the very interesting topic.

Very interesting course.

Very interesting.

Excellent, well done course and an opportunity to touch some topics on finance very interesting G E Im really fascinated with this course.By the way, i think some quiz have few mistakes as the module about pricing swaptions in the calibration model.

Great course, challenging and very interesting!

Very challenging, but very interesting!

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easy to follow

Easy to follow.

It should be easy to follow and learn if you have basic understanding of options, bond, forwards/futures, and some probability theory.

very strong on the basics good learning with explanation on basic financials good Very well presented, structured and selected material, easy to follow, relevant and interesting.

I feel like it would be much enjoyable and easy to follow theories if the financial models can explain with examples.

The instructor didn't make the his lesson easy to follow.

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financial instruments

Really good insight into the pricing of financial instruments Finding it interesting promising Good introduction to term structure modeling, arbitrage and other similar topics, quizes were challenging and required independent thought.

Most importantly, there is very little about the actual mechanism behind pricing financial instruments, instead they just state the formula.

A very good mix of Detail and comprehensibility Challenging course but I've really got a good sense of the mechanics of main financial instruments such as bonds, options, futures, swaptions, etc.

It is better to provide some python or R codes.Dars Great way to understand financial instruments valuation and risk management related with it.

Thanks Excellent course, challenging but very gratifying to complete This course has been very interesting and has improved my knowledge how financial instruments works.

That particular course helps me to better comprehend the mechanisms of how financial instruments work.

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well as

A big thank you to the lecturers for making this fun to learn, as well as the mentors who were always there to help out in the discussion forums.

Well Very helpful course A well put together course that is good for both those currently in finance looking to expand their quantitative skillset as well as anyone looking to just learn more about financial modeling.

and I appreciated greatly their effort as well as Coursera.

Thanks a lot:)) Interesting and well laid-out, the only improvements I would suggest are more effective ways to troubleshoot questions around the quizzes, as well as better integration of the optional sections at the end, which jump into heavy maths without practical examples, limiting the motivation for students to stick with them.

A wonderful introduction to quantitative pricing models as well as some common financial derivatives (such as swap, swaption, CDS, CMO, etc).

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Careers

An overview of related careers and their average salaries in the US. Bars indicate income percentile.

Lab Instructor for Risk Management and Financial Engineering $48k

CIVIL ENGINEERING SPECIALIST - ENGINEERING $59k

Financial Systems Engineering Analyst $70k

Engineering Planner/ Financial Analyst $84k

Engineering 4 $91k

Senior Analyst - Financial Engineering $95k

Engineering IT $101k

Financial Analyst- Engineering Finance- Networks business Manager $125k

Global Engineering Financial Controller: Exhaust Emissons $135k

Engineering and Engineering Program Management $142k

IT Engineering $150k

R&D Engineering 3 $167k

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Rating 4.4 based on 324 ratings
Length 9 weeks
Effort 12 hours videos and quizzes
Starts Jul 12 (148 weeks ago)
Cost $49
From Columbia University via Coursera
Instructors Martin Haugh, Garud Iyengar
Download Videos On all desktop and mobile devices
Language English
Subjects Business
Tags Business Finance

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