Back to Financial Engineering and Risk Management Part I

4.6

1,573 ratings

•

281 reviews

Financial Engineering is a multidisciplinary field drawing from finance and economics, mathematics, statistics, engineering and computational methods. The emphasis of FE & RM Part I will be on the use of simple stochastic models to price derivative securities in various asset classes including equities, fixed income, credit and mortgage-backed securities. We will also consider the role that some of these asset classes played during the financial crisis. A notable feature of this course will be an interview module with Emanuel Derman, the renowned ``quant'' and best-selling author of "My Life as a Quant".
We hope that students who complete the course will begin to understand the "rocket science" behind financial engineering but perhaps more importantly, we hope they will also understand the limitations of this theory in practice and why financial models should always be treated with a healthy degree of skepticism. The follow-on course FE & RM Part II will continue to develop derivatives pricing models but it will also focus on asset allocation and portfolio optimization as well as other applications of financial engineering such as real options, commodity and energy derivatives and algorithmic trading....

Jul 12, 2017

I appreciate how this course not only discusses the concepts in technical detail, but actually delves into the mathematics of the subject matter, and teaches how to actually do the actual work inv

Jan 20, 2017

This course is amazing. The structure is very clear and coherent. It is very mathematically focused and the models are interesting. I would always recommend this course to my colleagues.

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By Hugo R M M

•Mar 05, 2019

Curso voltado para a precificação de ativos diversos, como ações fundos, swaps, etc... Houveram poucos exemplos durante as aulas, o que torna as provas bem difíceis. No início, vemos coisas próximas da nossa realidade, mas, depois da 3° ou 4° semana de curso, a entramos em um leque de ativos pouquíssimo conhecidos e utilizados na nossa realidade.

By harsheel

•Jul 06, 2019

Too difficult to understand for a beginner.

By Andrea R

•Oct 27, 2018

This course effectively provides an introductory overview of the basic concepts in financial engineering world (arbitrage, discounting, fair pricing etc). I would have prefer more mathematical insight, but indeed the use of basic mathematical tools was pointed out as intentional in the course presentation. Exercises at the end of each module are really helpful to clarify the concepts exposed during the lessons. Considering the limited amount of hours devoted to such complex arguments, this course fulfills its promises.

By Truquet O

•Jul 09, 2018

The explanations are not clear and only a few exercises presented in the quiz were covered in the course videos. There is no exercise book to prepare for the exercise of the quiz.

By Patrick M K

•Jun 03, 2018

This class is a total waste of time and money.

1-The presenter's English is not up to code, so to speak.

2-The examples are purely theoretical and lack any kind of real numbers. Greek characters proliferate unnecessarily, adding to confusion.

3-The course materials make no effort to explain formulas in a clear and concise manner.

Don't waste your time and money like I did.

By Ishaan K

•Dec 10, 2017

please help with questions given as test for better clearity.

By Yuqin L

•Nov 20, 2017

not sure about the whole course, but the week 1 training video is basically an instructor reading a script.

By Michael C M

•Jul 12, 2017

I appreciate how this course not only discusses the concepts in technical detail, but actually delves into the mathematics of the subject matter, and teaches how to actually do the actual work inv

By Gabriel Z

•Nov 18, 2016

I think the way it is taught is not very insightful, the lecturers clearly just read a script and make it difficult to follow. They assignment questions are often hard to understand. Most importantly, there is very little about the actual mechanism behind pricing financial instruments, instead they just state the formula.

By Syalom H

•Jul 15, 2019

it's quiet hard to do this course

By Oluwatobiloba A

•Jul 15, 2019

The course is the clearest and most informative content on FRM I have come across. Thank you University of Columbia for this opportunity

By ZHENG Z

•Jul 06, 2019

Very well organized course! A wonderful introduction to quantitative pricing models as well as some common financial derivatives (such as swap, swaption, CDS, CMO, etc). Very challenging, but very interesting!

By ujjwal j

•Jul 06, 2019

Very well covered concepts with easy to understand technique

By Priyanshu D

•Jun 16, 2019

Very helpful and very well taught course. Felt a bit short. I wish it also touched upon stochastic models for option pricing and stochastic calculus in its week 8 syllabus. Thank you for the course, overall it was a nice experience.

By DU Y (

•Jun 10, 2019

The instructor didn't make the his lesson easy to follow. The lecture materials were not reader-friendly.

By Cesar H C R

•Jun 07, 2019

Excellent professors and materials.

By Wanyuan X

•May 24, 2019

Very useful skills, need some basic knowledge of mathematics, hard to complete, but very deliverable.

By AYUSH M

•May 13, 2019

Dr Haugh and Dr Iyengar are really amazing teachers. Learnt a lot.

By Kobe G

•May 11, 2019

This course is really challgenging yet provides a very good overview of diffrent financial insturments. Higly recommend

By Jesus O

•May 10, 2019

Pretty hard course, but extremely rewarding. I received a foundational knowledge about derivatives pricing. Even though I dont plan to apply this knowledge right now, I'm sure that it will be useful in a near future, as I plan to pursue a career in the finance sector.

By Steven Y

•Apr 29, 2019

I enjoyed the course and it gave me a great introduction to financial engineering.

By Ezio L

•Apr 28, 2019

Good lectures and excellent exercises to test the understanding. Overall a very good course!

By Xiaoran L

•Apr 09, 2019

很好的课程！节奏紧凑，具有挑战性。从论坛学到了很多。

By Artem B

•Apr 06, 2019

Very good course. A lot of examples, great assignments

By Rohan T

•Mar 30, 2019

The material was excellent. Thank you for making this course and putting it on a public platform

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