UHM Graduate Studies - Financial Engineering

Contact Information

University of Hawai'i at Mānoa
Shidler College of Business
2404 Maile Way, SCB G202
Tel: (808) 956-8266
Fax: (808) 956-2657
Website

Gunter Meissner
Graduate Chair
E-mail: meissner@hawaii.edu

Pedro Villarreal
Program Coordinator
E-mail: villarr@hawaii.edu

Degrees Offered

Master of science in financial engineering

Graduate Faculty

List of Faculty

University of Hawai'i Directory

FINANCIAL ENGINEERING

Application Deadlines

Applicants who wish to be considered for scholarships need to apply by March 1.

Fall	Spring
I — April 1 D — May 1	No spring admission

Individual graduate programs may have priority consideration deadlines. Applicants are advised to contact the graduate programs for such dates. Any available funding support is limited and often awarded well in advance of the application deadlines.

Applicants who apply after the application deadlines MUST consult with the graduate programs before submitting an application. Application fees are non-refundable and may not be used for an application submitted at a later date.

I = international applicants
D = U.S. citizens and U.S. permanent residents

Admissions Requirements

Ways to Apply
Apply online or download PDF application forms.

Applicants need to meet:
1) Graduate Division admissions standard and documentation requirements, and 2) program specific admissions criteria and documentation requirements. Send all program specific documentation requirements directly to the graduate program.

GRE Scores
Refer to program specific requirements (see link above) to determine if the GRE is required by the graduate program. Click here for information on the GRE and when it is required by the Graduate Division. Official GRE scores must be sent directly to the Graduate Admissions Office.

TOEFL Scores - 600/100 or above
TOEFL is required of most applicants who are non-native speakers of English. Click here for information on exemptions. Official TOEFL scores must be sent directly to the Graduate Admissions Office.

Program Overview

Financial engineering is a fast growing discipline worldwide. It consists of quantitative finance (portfolio theory, derivatives, and risk management), mathematics (stochastic calculus and optimization), and computer science (financial programming and modeling of complex processes).

The Shidler College of Business at the University of Hawai'i at Mānoa (UHM) offers a master's program in financial engineering, in collaboration with the Department of Mathematics, the Department of Information and Computer Sciences, and the School of Ocean and Earth Science and Technology.

The program addresses the needs of local commercial banks in the field of insurance and risk management, and the needs of international investment banks and hedge funds to model financial innovations such as interest rate derivatives (futures, complex swaps and options), credit derivatives (credit default swaps), and collateralized debt obligations. The program also addresses new products in weather derivatives (temperature, hurricane and climate change modeling), as well as energy derivatives and real estate derivatives.

Graduates will possess the necessary knowledge and skill set to perform the following tasks:

To create their own corporations in the fields of insurance, risk management, and modeling of stochastic processes.
To analyze complex problems in financial mathematics.
To evaluate and correlate stochastic processes.
To forecast stochastic events in finance and related fields as weather (hurricanes, floods, volcanoes).
To program complex stochastic processes in finance and related fields.
To apply their knowledge in the insurance, risk management, and investment banking industry as well as in related fields.

Degree Requirements

All graduate students at UHM need to meet degree requirements set by the Graduate Division and their graduate programs. For general Graduate Division requirements, see Degree Requirements. Below is an overview of the degree requirements for this graduate program.

The program requires 30 credits.

Courses
To view a listing of courses offered, visit www.catalog.hawaii.edu/courses/departments/fin.htm

Related Program(s)

computer science, international management, mathematics, physics

Graduate Admissions Office
2540 Maile Way Spalding 354 Honolulu, HI 96822
Tel: (808) 956-8544 Fax: (808) 956-4261
Email: admissions@grad.hawaii.edu

2009-11-16

This Web site is intended solely to provide general information. The UHM Graduate Division makes no representation and accepts no liability for the accuracy, correctness or completeness of information found in this site. Viewers of this site are advised to contact the appropriate offices for the most up-to-date information.