We have searched the web for the best Financial Engineering classes. We analyzed over 1,017 Financial Engineering courses found on popular education sites like Udemy and Coursera and rated them based on course instructors, number of reviews, ratings, and more. Below is a list of our top 9 favorite Financial Engineering classes . At the very bottom of the post you can check our revision history.
1. Excel for Financial Engineering and Loss Reserving (CM2)
Are you preparing for the Excel component of the CM2 exam? If yes, then this is the right course for you. You’ll be learning actuarial modelling, valuation of financial derivatives and about stochastic asset-liability models. Using Excel will help you understand the practical application of these concepts.
Your instructor for this course is Michael Jordan, a fellow actuary with a major in mathematical statistics. His work experiences include research on artificial intelligence which has been published in the South African Journal of Science. Apart from that, he has given Ted talks and has a YouTube channel where he’s uploading educational videos since 2013.
- Start with understanding the run-off triangle.
- Learn how the merton model works.
- Work with utility functions and options.
- Gain insights into the binomial model.
2. Financial Engineering and Risk Management Part I
This subject is a combination of mathematics, statistics, economics, finance and engineering. In this course, the concepts you’ll mainly be covering include equities, fixed income, credit and mortgage-backed securities. By the end of 8 weeks, you’ll be able to understand various pricing and financial models as well as financial risks.
2 professors from Columbia University will be guiding you through this course – Martin Haugh and Garud Iyengar. Both of them belong to the Industrial Engineering & Operations Research Department. In fact, Martin happens to be the co-director of the center of financial engineering too. Garud, on the other hand, has been a faculty member there since 1998.
- Introduce yourself to this course with basic fixed income securities and derivative securities.
- Understand how option pricing is done in the multi-period binomial model.
- Study the term structure models I and II as you gain insights into credit derivatives.
- Learn to work with mortgage-backed securities and mathematics.
3. Financial Engineering and Risk Management Part II
If you’ve taken-up the above course, then you can consider studying further in this continuation program. Take a step ahead and gain more detailed knowledge to solve portfolio optimization problems, algorithmic trading, calculating price derivative securities in assets & credit and pricing of real options.
Both your professors, Martin Haugh and Garud Iyengar have PhD degrees. While Martin did his doctorate in Operations Research from MIT, Garud studied Electrical Engineering from Stanford University. Both of them have conducted research in financial engineering and have been teaching the same for many years now.
- Start with studying mean-variance analysis and capital asset pricing models.
- Gain detailed insights into equity derivatives in practice.
- Move on to learn about credit derivatives and structured products.
- Study algorithmic trading, real options, energy & commodities modelling and other applications of financial engineering.
4. MSc in Financial Engineering
Do you want to be the ultimate master of financial engineering? If you are that serious about your career, then this detailed program consists of 10 courses. These cover financial markets, econometrics, discrete-time stochastic processes, continuous-time stochastic processes, computational finance, portfolio theory, asset pricing, machine learning in finance, risk management and data feeds.
This module is presented by the WorldQuant University, which provides a free online degree course to students all over the world. You’ll be having live classes and there are 4 batches taken every year – January, April, July and October.
- Gain a deep understanding of financial markets as you apply economic modelling and machine learning to it.
- Learn to design as well as analyze financial programs with distributed ledger technology.
- Identify risks and develop their mitigation for financial businesses.
- Make an evaluation of the current trends in the financial landscape.
5. Financial Engineering Certification
If you strive to become a financial manager, trader or broker, then this program by Columbia University also has multiple courses to offer you. It offers you professional certification on completing 4 courses. You start with Optimization Models & Methods, followed by Stochastic Models. This is in Sequence 1. After this, you select any 2 courses from Sequence 2 or 1 Sequence 2 and 1 elective course.
Sequence 2 involves Corporate Finance for Engineers, Simulation, Foundations of Financial Engineering and Continuous-Time Asset Pricing. The 6 elective courses are on Dynamic Pricing & Revenue Management, Quantitative Risk Management, Stochastic Models, Fixed Income & Term Structure Modeling, The Implied Volatility Smile and Credit Risk Modeling & Derivatives.
- Integrate the knowledge of economics, mathematics, statistics, programming and engineering with finance.
- Apply various engineering methodologies in the field of finance.
- Study various quantitative methods and understand how it is used in finance.
- Prepare yourself to get into banking, securities, financial consulting and management.
6. Master of Science in Financial Engineering
This masters course is offered by the University of South California Viterbi School of Engineering. Designed for graduates who wish to pursue their career in banking, investments, financial trading, insurance or risk management, this course trains you to apply mathematics, physics, engineering, statistics, economics and technology to finance.
You can opt-in for a part-time enrollment that will take 3.5 years or a full-time enrollment that’ll take 2 years. Since it takes batches semester-wise, you need to follow the application deadlines. As of now, you have time till 31st August to apply for the Spring semester that will begin in January next year.
- The curriculum consists of 30 units which include corporate finance, financial risk management, financial engineering, probability for electrical and computer engineers, stochastic processes, mathematical tools for financial engineering and directed research.
- The electives lie in the fields of business, economics and finance that cover 11 different courses in total.
7. Advanced Corporate Actions Every Stock Investor must know
Do you aspire to enter the world of financial trading and investments? If yes, then gain insights into corporate actions and how financial engineering is used behind it. Some examples of these corporate actions include private placement, acquisition, initial public offering, tenders and rights issues. Understand how the market reacts to these actions and what action to take accordingly.
This course has been designed by the team of Knowledge Pursue, an online institute that is dedicated towards providing education to anyone who has interest in gaining knowledge. They have other courses on stock market investment, business life cycles, dividend analysis, technical analysis of stock markets and basic IT.
- Study the 5 different corporate actions – what they are and how they work.
- Calculate future stock prices using Excel sheet templates.
- Understand how the market responds to each corporate action.
- Learn how you should react and apply your skills of financial engineering here.
8. Financial Modeling – Derivatives Concepts and Applications
This is a complete beginners course that focuses on the basic concepts of financial modelling. You’ll learn what are derivatives, their structure, essence, pricing and how to use Excel to work with them. Additionally, you’ll be gaining insights into interest rate swaps, repurchase agreements, currency engineering, options and alternative investments.
Your tutor for this course is a full-time educator – Matthew Fried. For 10 years now, he has been teaching in the fields of mathematics, financial modelling, networking, programming and more. Apart from teaching online, he has been teaching in Lander College, SUNY Farmingdale, Queens College and the University of Connecticut.
- Introduce yourself to the concept of derivatives.
- Learn how to work with derivatives using Excel.
- Study about interest rate swaps, currency engineering and repurchase agreements.
- Gain insights into alternative investments and options.
9. Introduction to Financial Modeling for Beginners
This is another beginners course where you’ll be using Excel to get a practical hands-on experience of financial modelling. As you study the core concepts of finance, you’ll understand how financial modelling works. Build your first financial forecast model, financial decision making model and financial reporting model on Excel.
You have two educators for this course – Symon He and Brandon Young. Symon happens to be the co-founder of an educational site LearnBNB and also helps real estate investors to make acquisitions as well as entrepreneurs on creating business models and financial forecasts. Brandon, on the other hand is a real estate professional with expertise in financial analysis.
- Introduce yourself to the principles of finance and accounting.
- Open Microsoft Excel and understand how its features and techniques work.
- Create 3 different financial models on Excel.
- Build a back of the envelope rental income property model.
- List published 06/25/2020 with 9 products.