Bachelor of Science in Financial Engineering course; Requirements, duration, job opportunities and universities offering the course

ABOUT THE COURSE

The financial industry has been relying on experts from various fields, e.g Statistics, Mathematics and Engineering in order to acquire necessary technical expertise to solve a specific problem. Generally, however, it has been recognized that people are much more trained to solve financial problems if they have additional knowledge in finance and economics enabling them understand the role of financial instruments within the broader economic and business context. Financial companies are calling on experts in the area of risk identification, risk modeling and mitigation to help them respond to increased regulation and public pressure to manage financial risk. Further, the industry expects future employees to be able to understand financial theory, to develop dynamic models and innovative products including programming their own developments. The advancement of the capital market
such as the digitization of the Nairobi stock exchange and plans to introduce derivatives such as options, futures and forwards will also require integrated knowledge in Statistics, Mathematics, Finance and economics.

COURSE DURATION

The Course takes the below specified time frames, depending on the type of student’s entry:

• The program will take a total of nine semesters.

CAREER OPPORTUNITIES

The program will prepare a student for a career as a Financial Engineer, concerned with the construction of models and application of financial theory and instruments in formulating solutions to financial problems as well as exploring financial opportunities. Students will use statistical methods to identify, quantify and develop various strategies to mitigate against financial risks. They will also study topics in areas of economics, marketing, mathematics of investment and finance, risk management, insurance and accounting. The program is interdisciplinary and the knowledge and skills developed by students are applicable in many business settings. Hence, the
graduates are expected to find employment in investment firms, commercial banking, insurance, employee benefits, pension, investment management, Risk management areas, management consulting or continue with postgraduate studies in the area.

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BACHELOR OF SCIENCE (FINANCIAL ENGINEERING) LATEST COURSE REQUIREMENTS AS SET BY KUCCPS