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Welcome to Financial Statistics & Risk Management (FSRM)

The Financial Statistics and Risk Management Program (FSRM) at Rutgers University offers a 30-credit Master’s degree in Statistics focused on the analysis and modeling of financial data and risk management. Students in the program receive core training in probability theory, statistical inference and advanced statistical and computational methods tailored to financial data analysis and modeling and risk management. They also receive supportive education in related financial concepts and market structure, operations, trading instruments and risk-related regulation.

Courses are taught by a faculty of experts in the mathematics of uncertainty and in statistical modeling and data analysis. Industry practitioners also contribute to instruction and training through workshops and seminars. Students benefit from a dynamic learning environment featuring internships, projects and case study assignments using real financial data, as well as attendance at practitioner seminars, industry events, career development workshops and mentorship opportunities. By bringing together a world-class faculty, Advisory Board and university located close to New York City, the FSRM program prepares students for a wide range of careers in the financial industry.

BIO PROFILES

Learning Goals and Program Assessment

 

Graduate Program in Financial Statistics and Risk Management

Master’s Degree Learning Goals and Assessment

Adopted November 2011

The Graduate Program in Financial Statistics and Risk Management trains Master of Science students at an advanced level in applications of statistical science to finance and risk management . The graduate program also meets the expectations and standards as outlined by the professional organization providing specialized accreditation for the discipline.

Learning Goal 1 for Students: Attain mastery of the essential aspects of practice and research in the field of financial statistics and risk management

Assessment of student achievement of Goal 1:  

  •   Grades in graduate courses
  •   Review by faculty of student progress with close advising and mentoring
  •   Comprehensive examinations assessing depth and breadth of knowledge or a capstone paper or project or a research thesis
    o   Assessment of student’s performance by committee of graduate faculty members
  • Continuation of graduate studies or placement in a professional position that requires an understanding of the norms and practices of financial statistics and risk management, as well as competency in the technical aspects of performing the work associated the field.

Roles of the program in helping students to achieve Goal 1:

  •   Close advising to assure that students are being prepared in a systematic and academically rigorous way
  •  Effective monitoring of student progress
  •   Evaluations of teaching effectiveness of instructors in graduate courses
    o   If effectiveness is below expectations, work with instructors to improve effectiveness
  •   Periodic review of curricular offerings, degree requirements and assessment tools
    o   By program faculty
    o   In consultation with the office of the dean of the graduate school and/or the unit dean

Learning Goal 2 for Students: Prepare to be professionals in financial statistics and risk management

Assessment of graduate student achievement of Goal 2:

  •   Participation in internships and other work tailored to career goals, assessed accordingly
  •   Collection of data on professional placement data or continuation of graduate studies
  •   Review by external advisory committees, both inside of and external to the academy.

Role of the program in helping students achieve Goal 3:

  •   Host professional development and career exploration activities
  •   Develop internship opportunities
  •   Host external advisory committees

The leadership of the financial statistics and risk management graduate program will regularly review the structure and content of the program and the feedback received from assessments and surveys. These reviews will be used to provide the best possible education to students that meet current needs for professionals in funereal sciences.  

Program Learning Goals and Assessment

Program Assessment and Learning Goals

Graduate Program in Financial Statistics and Risk Management

Master’s Degree Learning Goals and Assessment

Adopted November 2011

The Graduate Program in Financial Statistics and Risk Management trains Master of Science students at an advanced level in the aspects of statistical applications in finance and risk management related to statistical science. The graduate program also meets the expectations and standards as outlined by the professional organization providing specialized accreditation for the discipline.

Learning Goal 1 for Students: Attain mastery of the essential aspects of practice and research in the field of financial statistics and risk management

Assessment of student achievement of Goal 1:  

  •   Grades in graduate courses
  •   Review by faculty of student progress with close advising and mentoring
  •   Comprehensive examinations assessing depth and breadth of knowledge or a capstone paper or project or a research thesis
    o   Assessment of student’s performance by committee of graduate faculty members
  •   Continuation of graduate studies or placement in a professional position that requires an understanding of the norms and practices of financial statistics and risk management, as well as competency in the technical aspects of performing the work associated the field. .

Roles of the program in helping students to achieve Goal 1:

  •   Close advising to assure that students are being prepared in a coherent and academically rigorous way
  •   Effective monitoring of student progress
  •   Evaluations of teaching effectiveness of instructors in graduate courses

o   If effectiveness is below expectations, work with instructors to improve effectiveness

  •   Periodic review of curricular offerings, degree requirements and assessment tools

o   By program faculty

o   In consultation with the office of the dean of the graduate school and/or the unit dean

Learning Goal 2 for Students: Prepare to be professionals in financial statistics and risk management

Assessment of graduate student achievement of Goal 2:

  •   Participation in internships and other work tailored to career goals, assessed accordingly
  •   Collection of data on professional placement data or continuation of graduate studies
  •   Review by external advisory committees, both inside of and external to the academy.

Role of the program in helping students achieve Goal 3:

  •   Host professional development and career exploration activities
  •   Develop internship opportunities
  •   Host external advisory committees

The leadership of the financial statistics and risk management graduate program will regularly review the structure and content of the program and the feedback received from assessments and surveys. These reviews will be used to provide the best possible education to students that meet current needs for professionals in funereal sciences.  

TIME FOR REVIEW AND ASSESSMENT OF QUALIFYING PAPERS, THESES AND DISSERTATIONS

The Financial Statistics and Risk Management (FSRM) program maintains a culture of mutual respect between students and faculty members and excellent communication among them.   In particular, students will have sufficient time for faculty members to review and assess their work and faculty members will be as prompt as circumstances allow in responding to their students with such assessments.

FSRM program does not require students to complete a Master Thesis to graduate. Instead it requires a comprehensive project report which may be an extension of one or two course projects that the student has done during the study. The students are required to submit the project report to either the instructor of the course for which the project report is based on, or to Program Director or Deputy Director, four weeks before the deadline for the Master of Science graduation candidacy forms  to be completed and submitted. The instructor or the Program Directors will review the project report and approve or provide feedback to the students within two weeks, so adequate time is available to the students to improve and finalize the report.

The timeline of the graduate requirement and project report due day will be distributed to students, announced on program’s internal website, and a reminder will be sent to the graduating students two weeks before the project report due date.