RIT to offer MS degree in computational finance
Program combines strengths of Saunders College of Business and the College of Science
A. Sue Weisler
The Master of Science degree in computational finance is a collaborative effort of Saunders College of Business and the College of Science and starts in the fall.
Rochester Institute of Technology is offering a new Master of Science degree in computational finance for students this fall. Designed for qualified students interested in careers related to computational or quantitative science, the full-time, 17-month program is a collaborative effort of two RIT colleges: Saunders College of Business and the College of Science.
The new MS in computational finance program addresses a vital and growing career field. Also referred to as “quants” or financial engineers, employees in these positions use their strengths in business, modeling and data analysis to understand and use complex financial models, often involving differential and stochastic calculus.
“Finance has always been a quantitative discipline,” said Ashok Robin, professor of finance at RIT’s Saunders College. “But this program goes beyond standard finance programs and allows graduates to work in areas such as risk management that require complex mathematical modeling.
“Graduates can bring to bear data analytic skills and add value to employers confronted with reams of data about clients/products/markets yet having limited means to exploit the information for financial gain. As such this program presents a compelling combination of finance, mathematics and analytics.”
According to Bernard Brooks, professor in the School of Mathematical Sciences at RIT’s College of Science, graduates from the multidisciplinary master’s program will be poised to begin careers in banking and other industries.
“They can assume any position finance graduates would go except they will have a very strong math and data background. This MS in computational finance will give them a deeper understanding of the techniques. If you understand the math behind the models, you understand their limitations.”
For more information, call 585-475-6916, email gradbus@saunders.rit.edu, or go to the RIT Saunders College of Business: Master of Computational Finance webpage.
Recommended News
-
November 22, 2024
![a group of six students and adults stand in front of a sign bearing logos from R I T and other companies.]()
RIT expands research on circular economy in Southeast Asia with new funding boost
A $1 million grant from the U.S. Department of State will continue the work led by professors Clyde Hull and Eric Williams with entrepreneurships based on circular economy principles in member nations of the Association of Southeast Asian Nations (ASEAN).
-
November 21, 2024
![Various people put their hands together in a circle.]()
Americans agree more than they might think − not knowing this jeopardizes the nation’s shared values
An essay written by Lawrence Torcello, associate professor in the Department of Philosophy, published by The Conversation.
-
November 21, 2024
![an illustrated image of a pixelated face appears next to the words real or fake.]()
Detecting digital deception
Today, artificial intelligence is being used to manipulate media. At RIT, a team of student and faculty researchers is leading the charge to help journalists and intelligence analysts figure out what is real and what is fake. Their work has more than $2 million in funding from the National Science Foundation and Knight Foundation.
-
November 21, 2024
![two men sit at a table looking at a laptop. A third man leans over the table to look at the laptops screen.]()
In and out of Africa
Africa is rich in natural resources and contains one of the most diverse ecosystems across the globe. The Sahara Desert itself is larger than the continental United States. With all the unique landscapes, wildlife, and growing urban areas, more than 30 RIT faculty have recognized the importance of traveling to the continent, all backed by RIT Global.
