As of September 7, 2021, the GRE exam is no longer mandatory.
The objective of the MS in Financial Engineering program is to train graduate students with a background in engineering, applied mathematics, or physics in the application of mathematical and engineering tools to finance.
This multidisciplinary education program involves the Viterbi School of Engineering, the Marshall School of Business and the College of Letters, Arts and Sciences (Department of Economics). Financial engineering uses tools from finance and economics, engineering, applied mathematics and statistics to solve problems such as the valuation of derivative securities, strategic planning and dynamic investment strategies , risk management, etc. Graduates with these skills are of interest to investment and commercial banks, trading companies, hedge funds, insurance companies, enterprise risk managers and regulators, etc.
International students: This program is eligible for the OPT STEM extension.
Please note: Graduation requirements, course offerings, course availability, track offerings, and any other degree requirements are subject to change. Students should consult an academic advisor before enrolling in a course.
- A minimum of 30 units is required for the Master’s degree in Financial Engineering
- Each study plan requires prior written approval from the program’s contact faculty
- Compulsory courses: 18 credits
- 2 elective courses approved by an advisor in the fields of finance, business and economics: 6 to 8 credits
- 2 advisor-approved electives in the areas of optimization, simulations and stochastic systems: 6 to 8 credits
- A minimum cumulative GPA of 3.00 is required for graduation
Detailed Program Schedule and RequirementsCourse schedule
REGISTRATION DEADLINES
| SEMESTER |
DEADLINE |
| Spring 2022 (final deadline) |
September 15, 2021 |
| Spring 2022 (deadline for scholarship consideration) |
August 31, 2021 |
| Fall 2022 (final deadline) |
January 15, 2022 |
| Fall 2022 (deadline for scholarship consideration) |
December 15, 2021 |
|
|
Visit our Application Deadlines page for more information.
APPLICATION REQUIREMENTS
Bachelor’s degree from an accredited institution in any engineering and in many business and scientific disciplines, including but not limited to: finance, mathematics, financial engineering, economics, statistics, computing, physics, business administration and accounting.
The following materials should be included with your online application:
- Transcripts: To download Electronic Transcripts from all colleges and universities attended. A mailed hard copy or official transcript is not required for admission to our programs.
- Submit an electronic copy of official transcripts (.pdf recommended) and other degree-related documents through the online graduate application (international applicants, visit USC Graduate Admission’s Country requirements page for more details on required documents)
- Unofficial transcripts from university student portals are not acceptable
- If the transcript includes a separate grading scale, make sure that is also uploaded
- For uploading purposes, all documents related to a single school’s transcripts must be submitted as a single document.
- If you are admitted, you will receive specific instructions on submitting your paper transcripts
-
- Curriculum vitae
- Personal statement: The personal statement should succinctly describe your reasons for applying to the proposed program at Viterbi School of Engineering, your preparation for this field of study, your study interests, future career plans, and other aspects of your background and your interests that can facilitate admissions assessment committee of your aptitude and your motivation for higher education.
- Letters of recommendation (optional): Letters of recommendation should be from professors or others (supervisors, professional colleagues, etc.) qualified to assess your potential for graduate study.
ADDITIONAL MATERIALS FOR INTERNATIONAL CANDIDATES
English proficiency: In addition to the above application requirements, international students whose first language is not English are required to complete the TOEFL Where IELTS. There is no minimum TOEFL or IELTS score required for admission to Viterbi School. For possible exemption from the additional language requirements, you must achieve an internet-based TOEFL (iBT) score of 90, with no less than 20 on each section or an IELTS score of 6.5, with no less than 6 on each section score. bandaged. Please rate USC Graduate Admission – English proficiency.
IMPORTANT: USC does not accept Duolingo and TOEFL Essentials test results.
APPLY NOW – USC GRADUATE APPLICATION
Here is an overview of the tuition and fees for engineering graduate students. Students on campus and [email protected] pay the same tuition fees.
TUITION FEES
| Academic year |
Unit rate
|
3 unit course
|
4 unit course
|
| Fall 2021 – Summer 2022* |
$2,199
|
$6,597
|
$8,796
|
| Fall 2020 – Summer 2021* |
$2,148
|
$6,444
|
$8,592
|
| *Tuition fees are the same for on-campus and online students |
ESTIMATED COST OF PARTICIPATION – 30 UNIT PROGRAM
STUDENT FEES
| Description of costs |
Fee amount
|
On the campus
|
[email protected]
|
| Compulsory fees (approximate) |
Fall 2019: $475
Spring 2020: $420
|
|
|
| Health insurance |
Fall 2019: $730
Spring 2020: $1,311
|
|
|
| Norman Topping Student Aid Fee |
$8/semester
|
|
|
| ENGR computer access fees (Students on campus) |
$75/semester
|
|
|
| ENGR computer access fees (DEN [email protected]) |
$35/semester
|
|
|
| Supervision of exams |
$40 – $100 per lesson
|
|
|
Detailed information on tuition and fees
Want to know where our class of 2019 Master of Financial Engineering students did their internships and where they went after the start? Visit our electrical and computer engineering job results page. (Financial Engineering is listed after other ECE programs.)
This program is also available online for professional engineers via [email protected] Because the [email protected] program provides an entirely equivalent academic experience, the degree earned by a USC engineering student is the same whether on campus or online.
If you are interested in starting classes as a DEN @ Viterbi student next semester, explore the requirements and steps to register as a limited status student.
Learn more about [email protected]
Detailed Program Schedule and RequirementsCourse schedule
ONLINE COURSE OFFERS [email protected]
The following courses and program requirements serve as program planning for [email protected] students. Course offerings and availability are subject to change. Please consult an advisor if you have any questions.
| Compulsory courses |
| All required courses – 17 units in total. |
| GSBA 548 | Corporate finance (3 credits)* |
| ISE 563 | Financial Engineering (3 credits) |
| EE 503 | Probability for Electrical and Computer Engineers (4 credits) |
| EE 512 | Stochastic processes (3 credits) |
| EE 518 | Mathematics and tools for financial engineering (4 credits) |
| Do NOT register for the 2 unit version of the GSBA 548. |
| Elective courses |
| Two courses from each zone – 6-8 units from each respective zone total. |
| Finance, business and economics |
| FBE 543 | Risk Forecasting and Analysis (3 credits) |
| FBE 555 | Investment Analysis and Portfolio Management (3 credits) |
| Domain Optimization, simulations and stochastic systems |
| CSCI 455x | Introduction to Programming Systems Design or CS 570 (4 units) |
| CSIC 570 | Analysis of algorithms or CS 455 (4 units) |
| ISE 525 | Design of experiments (3 credits) |
| ISE 536 | Linear programming and extensions (3 credits) |
Please complete the following form for more information.
