The MS in Financial Statistics and Risk Management (FSRM) at Rutgers University is a highly competitive program that attracts top students from around the United States and the world. Students typically have a highly quantitative background in mathematics, statistics, finance, engineering, computer science, or related fields and possess advanced coding and programming skills. The FSRM program is designed to be at the intersection of Data Science, Quantitative Finance, and Financial Risk Management. This makes the FSRM Program unique in emphasizing statistical tools and data analytics for measuring, monitoring, managing and mitigating uncertainty, risk and volatility. Students in the program receive core training in finance, risk management, 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 market structure, operations, trading instruments and risk-related regulation.
As a professional degree program, FSRM has a practical training component and requires all full-time students to participate in ongoing practical training immediately following their initial enrollment. This requirement is fulfilled with an internship or Co-op in a related field and meaningful research projects.
The department of Statistics has established the Office of Professional Programs to build and maintain relationships with corporate recruiters and to directly coordinate recruiting efforts of students in the FSRM program. The Office of Professional Programs can assist you with posting internship and full-time opportunities as well as providing you with up-to-date resume books. We can also assist you in posting opportunities to our growing group of alumni for positions that require a more extensive amount of experience.