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Financial Engineering and Risk Management Part I

Columbia University via Coursera

students interested
  • Provider Coursera
  • Subject Finance
  • $ Cost Free Online Course (Audit)
  • Session Upcoming
  • Language English
  • Certificate Paid Certificate Available
  • Start Date
  • Duration 8 weeks long

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Overview

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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.

Taught by

Martin Haugh and Garud Iyengar

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Reviews for Coursera's Financial Engineering and Risk Management Part I
4.3 Based on 11 reviews

  • 5 stars 45%
  • 4 stars 45%
  • 3 star 0%
  • 2 star 9%
  • 1 star 0%

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  • 1
Krassimir K
4.0 4 years ago
Krassimir completed this course.
The course gives an introduction to financial engineering, mainly with respect to valuation of derivatives in a binomial model framework. During the quizzes you will develop a nice set of Excel sheets illustrating the main concepts of derivative valuation. Excellent lecturers with practical insight!

It is too lightweight for people with knowledge in risk management. At the same time it's too heavy-weight for people who see the topic for first time.
9 people found
this review helpful
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Ibrahim U
5.0 2 months ago
by Ibrahim completed this course, spending 20 hours a week on it and found the course difficulty to be very easy.
Some courses might not have the “full course” option (i.e. the graded assignments are behind a paywall). In that case, the second option will show as “audit.” Select “audit” and then click on “continue” to sign up for free.Specializations pages do not allow you to sign up for their individual courses. If you click on the “enroll” button, you will only be given an option to pay for the Specialization.

To sign up for free, you need to find the individual course pages. Unfortunately, even though it lists the
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Zulqarnain S
4.0 4 years ago
by Zulqarnain is taking this course right now, spending 2 hours a week on it and found the course difficulty to be medium.
3 people found
this review helpful
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Matteo F
4.0 3 years ago
by Matteo completed this course.
1 person found
this review helpful
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Max M
5.0 2 years ago
by Max completed this course.
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Netanel M
4.0 3 years ago
by Netanel is taking this course right now.
1 person found
this review helpful
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Rohit M
5.0 3 years ago
by Rohit completed this course.
1 person found
this review helpful
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Macemers M
4.0 3 years ago
by Macemers completed this course.
1 person found
this review helpful
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John W
5.0 3 years ago
John partially completed this course and found the course difficulty to be very hard.
1 person found
this review helpful
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Donatien F
5.0 2 years ago
by Donatien completed this course.
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Mat W
2.0 3 years ago
Mat dropped this course.
1 person found
this review helpful
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  • 1

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