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Revolution Sponsors Rutgers Center of Excellence For Financial Statistics and Risk Management

R specialist Revolution Analytics has become a sponsor of the Rutgers Center of Excellence in Financial Statistics and Risk Management (FSRM), a new initiative at Rutgers University in New Jersey. The center's mission is to serve as a central platform for interdisciplinary research and collaboration between academic researchers, students and practitioners in the financial industry. The inauguration of the center will take place at Rutgers Statistics for Financial Risk Management Conference on November 7. 

Revolution is a leading commercial provider of open source R, a statistical language with more than 2 million users worldwide. "We're pleased to support Rutgers' initiative, having already partnered with Dell and Intel to establish centers of excellence in Singapore and Kuala Lumpur," says David Smith, Vice President of Marketing and Community at Revolution Analytics. "Our support reinforces our corporate mission to establish R as the modern standard for statistical programming."

Financial institutions increasingly rely on sophisticated statistical methods to process massive amounts of data quickly and extract useful information from it. Statistical methods are used to explore arbitrage opportunities due to market inefficiency, automate the asset evaluation and selection process, optimise portfolios and evaluate risk exposure. 

"As the markets become faster and more interconnected, the ability to take and manage risk is a source of competitive advantage for financial institutions," says Neville O'Reilly,associate director of the FSRM master's degree program. "To this end, we see the need to advance research and practice through collaboration on studies, workshops and seminars, publication of technical reports and white papers as well as student training." 

To register for the conference, visit http://fsrm.eventbrite.com/

FSRM-GARP Academic Partnership

Partnership Objective:  GARP will provide Rutgers University - FSRM Master’s Program with consultation and support in aligning its risk management offerings with global industry needs and best practices, as well as a framework to integrate GARP’s world-class FRM certification program  into Rutgers University - FSRM Master’s Program degree risk management track offering. By providing those students who opt for the risk management track,  the opportunity to become well-qualified FRM candidates, Rutgers University - FSRM Master’s Program will join GARP in 

its commitment to advance risk management through education.
GARP web bkgrd 

Choose FSRM for Risk Management

Financial institutions  have access to enormous quantities of data but need powerful methods for extracting and analyzing quantitative information, particularly about volatility and risks.

Financial risk management uses sophisticated probablity and statistical methods to identify, manage and mitigate risk. If fact, because risk management is focused on volatily and tail risks, quantitative risk management is ALL about probability and statisitics - all the stuff you learn in the Financial Statistics and Risk Management program (FSRM). This contrasts with derivative pricing, for example,  where mathematical  partial differentail equation and advanced stochastic process modeling dominate.

In addition, the FSRM provides excellent preparation for the FRM (Finanical Risk Manager) certificate as it covers much of the required content allowing the FRM examinations to  be taken either simulataneously or subsequently.

Risk Management is also  in very high demand since the financial crisis.  Banks and other financial institutions are having to make risk management a central focus of their operations because of the beefing up of international  and national regulations since 2008.  Accordingly, these institutions are increasing their employment of skilled quantitive risk managers to satisfy their internal and external compliance requirements.  Regulators also have to augment their ranks of quantitative risk managers.  

If you are considering a graduate degree in risk management, they you owe it to yourself to take a hard look at the FSRM degree. START HERE!

Make Your Statistics Degree an FSRM MSc.

Financial engineers have access to enormous quantities of data but need powerful methods for extracting and analyzing quantitative information, particularly about volatility and risks.  The Financial Statistics and Risk Management program is a Quantitative Finance and Masters in Statistics on steroids. You learn all that you would in a standard MS in Statistics,  but also gain domain expertise in finance market concepts, financial data analysis and risk management at the same time. You make  yourself qualified for well paid  quantitative financial data analyst and risk management jobs where the demand for these skills is growing.  If you going to choose a specialist domain for your statistics degree, Financial Statistics or Risk Management is hard to beat for the potential payoff in future financial rewards and involvement in exciting domain applications. 

Risk Management, in particular, is in very high demand since the financial crisis.  Banks and other financial institutions are having to make risk management a central focus of their operations because of the beefing up of international  and national regulations since 2010.  Accordingly, these institutions are increasing their employment of skilled quantitative risk managers to satisfy their internal and external compliance requirements.  Regulators also have to augment their ranks of quantitative risk managers.  Financial risk management uses sophisticated probability and statistical methods to identify, manage and mitigate risk. If fact, because risk management is focused on volatility and tail risks, it is fundamentally based on probability and statistics modeling and data analysis. This contrasts with derivative pricing where mathematical  partial differential equations and stochastic process modeling dominate. 

If you are considering a graduate degree in statistics, they you owe it to yourself to take a hard look at the FSRM MSc. START HERE!

Master's Program in Financial Statistics and Risk Management

 

Now accepting applications for Fall 2017:  MS degree in Financial Statistics and Risk Management.

See Admissions Information for details about how to apply.