Cal State Fullerton’s Mihaylo College of Business Administration and Economics is gearing up for a new Master of Science in Financial Engineering and Risk Management program to be introduced in the fall.
“This is a program that combines both technical and practical skills applicable to careers in actuarial science, risk management, risk engineering and loss control,” explains Jeff Jolley, program coordinator. “It bridges the gap between the quantitative principles of financial engineering and the practical applications of risk management.”
Jolley, a former vice president and chief pricing actuary with nearly 30 years of experience, noted that the focus on applicability more than theory is valuable in this growing field, with positions in applied research, project management and consulting.
The program is designed to be completed in one year, rather than the 18 months or two years of other similar programs, notes Jolley. “It will be a very intense schedule Monday through Thursday, with all classes starting at 5:30 p.m. or later to accommodate participants who have full-time positions.”
Applications for the program are already coming in not just from Southern California, but from around the world. “I received requests from all over, including two from India and one from Bangladesh,” says Jolley. “It’s an area of global concern.”
Course offerings include: Managerial Finance, Investment Management, Enterprise Risk Management and Insurance, Financial Engineering Models, and Financial and Enterprise Risk Management. Elective courses include courses in property and corporate liability risk management, life and health insurance, and international financial management. The program includes a one-semester capstone applied research project applicable to a financial institution.
Participants will also have faculty and industry mentors and several high-impact hands-on projects.