Financial Systems & Analytics Specialization Description
As financial markets become more electronic and more liquid, a higher degree of knowledge about systems and analytics is required in order to compete. Modern financial markets function as a network of systems and information flows. Understanding how these work is becoming increasingly important for careers in virtually all areas of Finance including investment banking, sales and trading, asset management, and administration. This specialization covers areas useful for careers in trading, hedge funds, risk management, and IT and operations.
Courses in this specialization are of two types. The first are breadth courses that describe how various financial markets work and the kinds of systems, processes and people required for managing financial businesses. The second are depth courses that provide tools and decision making skills geared towards trading, risk management, or the management of IT and operations in a financial services company. Specifically, they provide skills that include building investment strategies, analyzing them, understanding how to compare different types of strategies or portfolio managers, how to calculate risk and know when to use various risk models, and how to use computers to exploit opportunities in financial markets.
The purpose of a specialization in Financial Systems and Analytics is primarily to give students the ability to function effectively in the financial services industry by providing skills they need on the job from day one. Second, and more broadly, the purpose is to complement specializations in Finance by providing an understanding of how financial markets are continually disintermediated by information technologies, and the consequences of this phenomenon. The specialization should be particularly useful to those seeking careers in any industry where information technologies and data play a key role in managing risk. Examples include trading, risk management, sales, analysts, management of IT and operations, payment systems, etc. The specialization should also be useful to those interested in careers in the hedge fund industry and in consulting.
ACCT-GB.3304 (B10.3304) Modeling Financial Statements
ACCT-GB.4310 (B10.4310) Analytical Models in Financial and Managerial Accounting
FINC-GB.2310 (B55.2310) Managing Financial Businesses
FINC-GB.3112 (B40.3112) Risk Management Financial Institutions
FINC-GB.3149 (B40.3149) Structure and Dynamics of Financial Markets
FINC-GB.3312 (B40.3312) Policy Making in Financial Institutions
FINC-GB.3349 (B40.3349) Equity Markets: Trading and Structure
INFO-GB.2346 (B20.2346) Dealing with Data
INFO-GB.2350 (B20.2350) Trading Strategies and Systems
INFO-GB.3336 (B20.3336) Data Mining and Business Intelligence
INFO-GB.3350 (B20.3350) Financial Information Systems
INFO-GB.3351 (B20.3351) Risk Management Systems
OPMG-GB.2315 (B60.2315) Operations for Financial Services
OPMG-GB.2350 (B60.2350) Decision Models
OPMG-GB.2351 (B60.2351) Advanced Decision Models
OPMG-GB.2360 (B60.2360) Operations in Real Estate Development
STAT-GB.2301 (B90.2301) Regression and Multivariate Analysis
STAT-GB.2302 (B90.2302) The Forecasting of Time Series Data
STAT-GB.2308 (B90.2308) Applied Stochastic Processes for Financial Models
STAT-GB.2309 (B90.2309) Mathematics of Investment
STAT-GB.3301 (B90.3301) Introduction to the Theory of Probability
STAT-GB.3302 (B90.3302) Statistical Inference and Regression Analysis
STAT-GB.3306 (B90.3306) Time Series Analysis
STAT-GB.3321 (B90.3321) Stochastic Processes I
For course descriptions, please see the Office of Records & Registration website.