2011-2012 Bulletin – PDF - SEAS Bulletin - Columbia University

take one additional 3-point course.
Students must take at least 6
courses within the IEOR Department,
4 to 6 courses at the Business School,
and the remaining courses (if any) within
the School of Engineering, the School
of International and Public Affairs,
the Law School, or the Departments
of Economics, Mathematics, and
Statistics. Students in residence during
the summer term take 2 to 4 Business
School courses in the third (summer)
semester in order to complete their
program.
Graduates from this program are
expected to assume positions as analysts
and associates in consulting firms,
business analysts in logistics, supply
chain, operations, or revenue management
departments of large corporations,
and as financial analysts in various functions
(e.g., risk management) of investment
banks, hedge funds, credit-card
companies, and insurance firms.
M.S. in Financial Engineering
The department offers a full-time
only M.S. in Financial Engineering.
This program is intended to provide
a unique technical background for
students interested in pursuing career
opportunities in financial analysis and
risk management.
In addition to the basic requirements
for graduate study, students are
expected, on entry, to have attained a
high level of mathematical and computer
programming skills, particularly in
probability, statistics, linear algebra, and
the use of a programming language
such as C or JAVA. Work experience is
desirable but not required.
The program consists of 36 points
(12 courses), which can be taken over
a 12-month period of full-time studies,
starting with a Part II six-week summer
session (July 5–August 26, 2011).
Students may elect to complete the
program in May, August, or December
of the following year. The requirements
include eight required core courses and
additional elective courses chosen from
a variety of departments or schools
at Columbia including the Graduate
School of Business, International Affairs,
Computer Science, Statistics, and
Economics. A sample schedule is available
in the department office and on the
Required Core
Courses
Semi Core Courses
Management
Electives
At least two of the
following:
Analysis Electives
At least two of the
following:
Decision, Risk, and
Operations Electives
At least three of the
following:
M.S. in Management Science and Engineering (36 points)
IEOR website: www.ieor.columbia.edu.
The eight required core courses for
the financial engineering program are
IEOR E4007, IEOR E4701, IEOR E4702,
IEOR E4703, IEOR E4706, IEOR E4707,
IEOR E4709, and IEOR E4729.
In addition, students select two
semicore courses from a group of
specialized offerings in the spring term.
Electives are chosen with the approval
of an adviser.
IEOR E4004 Intro to OR: deterministic models (first [fall] semester)
IEOR E4106 Intro to OR: stochastic models (fall or spring semester)
IEOR E4111 Operations consulting (first [fall] semester,
continues in the spring semester till May)
(SIEO W4150 Intro to probability and statistics must be taken if student has
not taken the equivalent previously. first [fall] semester)
FINC B6302 Capital markets and investments (fall semester)
FINC B8301 Advanced corporate finance (spring semester)
IEME E4310 The manufacturing enterprise (fall semester)
IEOR E4505 Operations research in public policy (spring semester)
IEOR E4510 Project management (spring semester)
IEOR E4550 Entrepreneurial business creation for engineers
(fall or spring semester)
IEOR E4705 Studies in OR (fall semester)
IEOR E4721 Global capital markets (fall semester)
IEOR E4998 Managing technological innovation and entrepreneurship
(fall or spring semester)
IEOR E4000 Production and operations management (fall semester)
IEOR E4403 Advanced engineering and corporate economics (fall semester)
IEOR E4404 Simulation (fall or spring semester)
IEOR E4405 Production scheduling (spring semester)
IEOR E4407 Game theoretic models of operations (fall semester)
IEOR E4418 Logistics and transportation management (spring semester)
IEOR E4601 Dynamic pricing and revenue optimization (spring semester)
DRAN B9801/IEOR E4520 Computing for business research
(taught alternately each year by DRO and IEOR faculty)
OPMN B8833 Managerial negotiations (with game theoretical analysis)
(fall or spring semester)
OPMN B8811 Service operations (summer semester)
MRKT B8617 Marketing research (summer semester)
DRAN B8834/OPMN B5201 Decision models, II/Operations strategy
(summer semester)
DRAN B8832 Applied multivariate statistics (summer semester)
DRAN B8840 Enterprise risk management (fall semester)
OPMN B8815/IEOR E4210 Supply chain management (spring semester)
DRAN B8839/IEOR E4220 Demand and supply anlytics (spring semester)
Other Electives:
The remaining electives can be selected from the Business School, the School of Engineering, the School of
International and Public Affairs, the Law School, or the Departments of Economics, Mathematics, and Statistics.
The department requires that
students achieve grades of B– or higher
in each of the four fundamental core
courses offered in the first summer.
Poor performance in these courses is
indicative of inadequate preparation
and is very likely to lead to serious
problems in completing the program.
As a result, students failing to meet
this criterion may be asked to withdraw
from the program.
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engineering 2011–2012