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Updated March 27, 2006      Print Page

This program is of interest to students with strong quantitative backgrounds in economics, mathematics, statistics, computer science, science and engineering. 

The Financial Engineering Program is a Collaborative Program established in cooperation with the Faculty of Science and Engineering Department of Mathematics & Statistics.  There are two different versions of this program:

1. The Graduate Diploma in Financial Engineering is offered to Masters students in the Faculty of Graduate Studies and MBA students in the Schulich School of Business. For MBA students, the Financial Engineering Program is available as a concentration or as a diploma.  For other Masters students at York University, the Financial Engineering must be completed as a diploma.  Students who fulfill the degree requirements of their Graduate program as well as the requirements for the Financial Engineering Diploma are eligible for a Graduate Diploma in Financial Engineering (G.Dip.F.E.).

2. The Stand Alone Graduate Diploma in Financial Engineering will be open to students that have fulfilled certain requirements but are not currently graduate students at York University.  Students interested in the stand alone diploma should review Stand Alone for further information.

Financial Engineering graduates will have the theoretical knowledge and specialized skills to develop new financial instruments and to understand the role of financial instruments within the broader economic and business contexts. Graduates will find career opportunities in the financial industry with banks, investment firms, brokerage houses and other financial institutions, as well as risk management departments of large corporations and consulting firms.

The applications of the no-arbitrage condition (no free lunch) are the basis for financial engineering. Implementation of this condition to financial markets has been the topic of research projects at York. New computer software and specialized textbooks for this field have been created specifically for the Financial Engineering Program at Schulich.

Students who are interested in the program must be approved by the Program Director. Please complete the Eligibility Questionnaire. Admission to the Financial Engineering Program is very competitive and thus students are advised to send in their eligibility questionnaires as soon as possible. The deadline for applications to be considered in the first round is November 15. Normally the admission decision will be communicated at the end of the Fall term so students can use their free elective in the Winter term toward the Financial Engineering Diploma. Students who apply after the deadline and are eligibile will be put on a wait list.

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