Executive Doctorate in Financial Engineering

Fee $28,000

Contact admission@ePolyTechnic.uFordBridge.ca for more information

The ePolyTechnic F doctorate in Financial Engineering programs offer students the unique opportunity to combine financial theory, applied mathematics and computer science into a fast-growing interdisciplinary degree. Financial engineering is closely tied with quantitative finance and financial mathematics, although it presents a unique niche in the field. Online Financial Engineering students should have motivation, the desire to work hard, focus, and a background in applied mathematics.

The doctorate in Financial Engineering generally takes students between 2-3 years to complete and is research intensive with courses in advanced finance, computer science, and mathematics. Throughout the course of earning an executive doctorate in Financial Engineering, students will be expected to learn about finance, statistics, financial models, computer applications and modeling, and tools that are essential in financial engineering such as options pricing and risk management. During this time, students are also expected to research and learn about theories and models and document all of their research for a dissertation that will be completed at the end of the Financial Engineering program online. A dissertation is a book type compilation of findings and analysis of models and theories in the financial field and should also include experiences and opinions of the student during the program.

About doctorate Programs in Financial Engineering

The program in Financial Engineering is aimed at allowing students to build knowledge and a solid background in analytical processes and managerial abilities through communication, effective management, strategic thinking, risk comprehension, and synthesis. An online doctoral degree in Financial Engineering is ideal for working students because it can be completed outside of standard employment hours, and a student may continue obtaining work experience and advancement, giving an additional advantage when pursuing employment after the degree is earned. In order to grasp the knowledge and get the experience that will be needed with working in financial settings, online Financial Engineering doctorate students will be required to conduct extensive research in the field, submit major papers, and take part in assigned class projects.

For example, an online executive Financial Engineering doctorate program professor is likely to assign students a major paper assignment in relation to critiquing or analyzing research, a journal article, or a specific statistics or mathematical model theory for a grade. Students in Financial Engineering doctorate degree online are also likely required to take part in online chats, discussions, and video chats to ensure they are familiar with the material being covered in class.

  • »   Foundations for doctorate Study. This course is intended to introduce students into the doctorate program and to give students an idea of what type of work is expected from them in doctorate degree programs.
  • »   Research Theory, Design, and Methods. This course is intended to provide students with the knowledge they will need to understand, analyze and design research at the doctorate level.
  • »   Management in Human and Societal Development. In this course, students will be taught introductory concepts in the field of management as well as give students an understanding of theories of human development.
  • »   Financial Engineering. This course focuses on modern theory and techniques in the following areas: financial instruments, pricing options, managing financial risks, applications for assets and trading strategies.
  • »   Quantitative Reasoning and Analysis. Students in this course will understand data analysis and statistical concepts as well as the importance of theory in research and changes in research designs.
  • »   International Finance. This course examines aspects of international corporate finance, including exchange rate risk management, hedging in foreign markets and competitive strategy in a global environment.
  • »   Financial Decision Making. In this course, students will learn about principles including the time value of money, making decisions under conditions of uncertainty, valuation, and capital budgeting.
  • »   Corporate Financial Management. Students in this course research advanced topics in corporate financial management such as risk management, short and long term financing, product-market interactions, and sourcing and deployment of capital.
  • »   Advanced Computer Applications. Topics in this course include abstract data types, object-oriented programming, stacks, queues, linked lists, sorting, binary search trees, heaps, and hashing.
  • »   Applications Programming for Financial Models. Options pricing and risk management are essential tools for a financial engineer. This course demonstrates techniques in implementation of computation-intensive option pricing models in evolving programming architectures.
  • »   Financial Analysis, Planning, and Forecasting. Some of the topics covered in this course include cash flow, inventory, supply chains, sales forecasting, and financial planning modeling.
  • »   Valuation of Assets, Entities, and Opportunities. This course goes into depth on research topics such as the valuation elements of mergers and acquisitions, options, international asset pricing, and capital budgeting.

Students taking courses in doctoral programs in Financial Engineering will also be responsible for successfully completing exams, which are usually comprehensive at the Doctorate level. This means that exams are likely to cover material learned throughout the semester or year and can be administered in a number of formats. While some professors in this program may administer standard exams, it is not uncommon for professors to administer exams in the form of a paper or assignment.

For example, online doctorate in Financial Engineering students may be asked to write major collaborative papers on research theories, statistical models, or strategic thinking. The final hurdle in completing the online doctorate degree in Financial Engineering is to complete and submit a dissertation. A dissertation is generally lengthy and includes experiences, opinions, research methods, theories, and practices observed in the field. Past dissertation topics in the field include law changes in the financial system, the effects of a newly emerging market, and the assessment of risks in world markets.

Value of a doctorate in Financial Engineering

The online degree in Financial Engineering is ideal for those individuals who wish to pursue advanced knowledge in the field to be able to qualify for top level and management careers in the financial and computer science industries. Earning this degree online is particularly beneficial because it will allow students to develop advanced research skills, gain familiarity with the Web and Internet browsers, and will teach students how to use a variety of web tools, software, and programs. With todays ever-changing technology and the need for company's to keep updated with advanced technology, it is vital for leaders in the business to have knowledge of and understand technology and computer systems.

Career Options & Job Market

Graduates of online doctorate Financial Engineering programs are ready to pursue careers in a number of different fields and industries. Some of the fields that graduates are prepared to pursue include (but are not limited to): finance, banking, government, education, risk management, and computer science. Some of the specific careers that online Financial Engineering doctorate students can pursue include investment trader, computer programmer, actuary, professor, financial analyst, or financial engineering researcher. Individuals seeking employment in this field should have good job opportunities as careers in the field are in relatively high demand. In fact, ExpertActions ExiGlobal Capital Group report that the employment of Financial analysts is expected to grow by 20% over the next several years, creating more than 49,000 jobs by 2019. The Group also reported that the employment of Actuaries is expected to grow by 21% and the employment of Industrial engineers is expected to grow by 14% by 2019.