Volver a Financial Engineering and Risk Management Part I

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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....

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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por 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.

por 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

por harsheel

•Jul 06, 2019

Too difficult to understand for a beginner.

por 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.

por 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

por 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.

por 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.

por Ishaan K

•Dec 10, 2017

please help with questions given as test for better clearity.

por 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.

por 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.

por Yuqin L

•Nov 20, 2017

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

por Carlos D M R

•Dec 06, 2018

Great way to understand financial instruments valuation and risk management related with it.

por Haotian Z

•Jan 01, 2019

Challenging and rewarding. It contains the content of derivatives and it's very basic and relatively easy to understand with some math and finance background. After this course, I'm pretty looking forwards to being a member in Columbia University Financial Engineering.

por Anne

•Jan 04, 2019

extremely helpful and insightful! nice and compact, too! Also very helpful that there are many examples from fixed income / credit markets, as many options courses focus heavily on equity options only.

por Markos L

•Jan 30, 2019

Amazing course. Will register for the second part too

por يونس ع ع ع

•Nov 06, 2018

Very very cool

por Abraham R

•Nov 09, 2018

I found it to be a very interesting course and the teachers were very clear in their concepts, as well as an excellent didactic material to better understand the topics covered. I thank Coursera for the teachers and the monitors who were always very attentive to answer the questions and help solve the problems that arose in the preparation of the tasks.

The classmates were very supportive and gave light when one had problems to solve the tasks.

Thanks a lot to everyone.

por Lahiru C E

•Nov 14, 2018

I love the course. The course is rich with good content. I have a financial background but i am new to the financial engineering, so I had hard time to follow some financial models. I feel like it would be much enjoyable and easy to follow theories if the financial models can explain with examples. Other than that the course is great.

por Wu Z

•Feb 15, 2019

super helpful

por Sourav G

•Mar 11, 2019

An Excellent course which really tested my understanding of the subject matter through challenging questions and rigorous assignments. The course matter is also very relevant and engaging. Through this course I have improved my understanding of the pricing mechanism of securities and derivatives. Thank You.

por Chi Z

•Dec 30, 2018

Wonderful topics! Just suffered from EXCEL these days? It is better to provide some python or R codes.

Dars

por Yunis T

•Aug 11, 2018

This course is definitely for people who really like to use their math skills in finance. I admit that quizzes a little bit challenging and check the learners' understanding. After some practice I'll definitely take FE&RM II. My only feedback is that is would be better to add some more practical examples to slides instead of emphasizing only theory. Thanks a lot:))

por Dnyanesh D

•Jul 20, 2018

Good course to brush up basics when attempting to learn more complex financial theory

por Kliti Q

•Aug 26, 2018

Excellent course, great balance between theory, background concepts and practical examples; might be more challenging and take more time to complete for people without a quantitative/financial background.

por Siddharth V A

•Aug 26, 2018

This was an amazing journey into first attempt at understanding pricing. very well explained by the professors and excellent review questions / exercises.

Am looking forward to do the part 2 right away

Thank you professors for giving us an opportunity to learn from you

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