urriculum
March 24, 2008 - March 13, 2009
The full program consists of 28 required units including an
Applied Finance Project (1 unit = 15 class hours).
Please note that not all electives will be offered every year. This schedule is tentative and will be updated every term.
Spring 2008: March 24 - May 23, 2008 (8 weeks)
Fundamentals of Financial Economics (2 units) - Mark Rubinstein
Empirical Methods in Finance (3 units) - Rossen Valkanov
Introduction to Stochastic Calculus (2 units) - Robert Goldstein
Financial Institutions Seminar I
Summer 2008: June 2 - July 31, 2008 (8 weeks)
Derivatives: Economic Concepts (2 units) - Mark Rubinstein
Derivatives: Quantitative Methods (2 units) - Domingo Tavella
Fixed Income Markets (2 units) - Francis Longstaff
Accounting and Taxation of Derivatives (1 unit) - Suneel Udpa
Financial Institutions Seminar II
Fall 2008: August 11, 2008 - October 10, 2008 (8 weeks)
Required Course:
Financial Risk Measurement and Management (2 units) - Philippe Jorion
Choose 5 units of electives:
Advanced Computational Finance (2 units) - Domingo Tavella
Success and Failure in Financial Innovation (1 unit) - John O'Brien
The Design of Securities for Corporate Financing (1 unit) - Mukesh Bajaj
Credit Risk Modeling (2 units) - Jeffrey Bohn
Equity & Currency Markets (2 units) - Richard Meese and Ron Kahn
Internship Period 2008-2009:
October 13, 2008 - January 11, 2009 (12 weeks)
The Internship/Special Topics in Finance project begins October 15, 2007 and ends on January 11, 2008. Students must enroll in MFE230N, the Internship/Special Topics in Finance course for the fall term.
Winter 2009: January 12 - March 13, 2009 (8 weeks)
Choose 7 units of coursework:
Asset-backed Security Markets (2 units) - Nancy Wallace and Dwight Jaffee
Dynamic Asset Management (2 units) - Hayne Leland
Behavioral Finance (2 units) - Terry Odean
Real Options (2 units)*
Applied Finance Project (Required) (1 - 3 units)
Independent Study (1 - 3 units) - Richard Stanton and Nancy Wallace
*The Real Options course is not offered each year and is not scheduled to be offered in Winter 2009.
The MFE program requires satisfactory completion of 28 units of coursework plus an internship or on-site project. In addition to coursework, the MFE educational experience includes the following:
Financial Practice Seminars: MFE students are encouraged to attend weekly discussions held by finance practitioners. In the first term speakers discuss jobs available to graduates of the MFE and the skills needed to contribute to a firm's mission. In the second term, speakers provide insights into the way the financial world is changing: new products and needs; evolving data and information systems; and similar topics.
Applied Finance Project: MFE students are required to complete an applied finance project that develops or uses quantitative finance tools and techniques learned in the program or internship.
Internship Program: The Internship/Special Topics in Finance project is a required condition for graduation. The internship or approved, on-site project takes place from mid-October to mid-January.
Irene Wang, MFE '07
"The Haas MFE Program provides excellent training for a future career in financial engineering. The program not only allows one to acquire the necessary expertise rapidly, but it also manages to simulate future working environment closely via a combination of challenging schedule, highly talented peers, and real-life cutting-edge projects. "
MFE Internship:
Asset Allocation Research
Mellon Capital Management
San Francisco
Current Position: Global Tactical Asset Allocation Research
Mellon Capital Management
San Francisco