The Graduate Diploma in Financial Engineering & MA in Mathematics and Statistics

The Financial Engineering Diploma is a collaborative program established in 1998 in cooperation with the Schulich School of Business. The Graduate Diploma in Financial Engineering is a concurrent program offered to MBA students in the Schulich School of Business and to MA students in the Department of Mathematics and Statistics. Students not wishing to take the program concurrently can choose the stand alone version offered through the Schulich School of Business.

Students who obtain the Graduate Diploma in Financial Engineering concurrently with an MA in Mathematics and Statistics get the best from both worlds: rigorous training in Mathematics offered by the Department of Mathematics and Statistics coupled with several specialized courses in Mathematical Finance offered by the Schulich School of Business. This unique combination opens doors to many exciting careers in the Financial Industry all over the world.

Our graduates secure interesting, stimulating, and rewarding jobs in investment banks, hedge funds, financial software companies, insurance companies and pension funds. They are involved in financial modeling, risk managamenet, portfolio management and software development.

A good candidate for our program will have a strong background in Mathematics, especially in such areas as Analysis, Probability, Stochastic Processes, Partial Differential Equations, Computational Mathematics, as well as some experience with programming (C/C++/Matlab). While some exposure to Economics or Finance is beneficial, it is not necessary, as you will learn everything you need in our specialized courses.

Specific information about GPA and language proficiency requirements, and various deadlines can be found here. In our concurrent program, students must satisfy the requirements of both the MA program and the Graduate Diploma in Financial Engineering. To do this, they take a total of 12 or 13 courses in the Department of Mathematics and Statistics, Department of Computer Science and Schulich School of Business. Students must also complete an internship at a financial institution, or write a research paper under the supervision of one of our faculty members. To obtain more information please take a look at the description of the MA program, the list of courses and at the guidelines for students.