Background

The Stevens Institute of Technology is a private research university in Hoboken, New Jersey. Incorporated in 1870, it is one of the oldest technological universities in the United States and was the first college in America solely dedicated to mechanical engineering.

Program Outline

In this Coordinated Academic Program, students would receive separate degrees in the form of a Bachelor of Engineering/Bachelor of Science from USTC after completing a program of approximately four years and a Master of Science from SIT after completing a program of approximately one year.

In total, after approximately five years, students who have successfully completed this Coordinated Academic Program will have a bachelor's degree in either Engineering or Science from USTC as well as a master's degree in Science from SIT.

Students will apply to SIT for admission to this program during their third year of study at USTC. SIT will consider students for admission in accordance with SIT policies.

In their final year of study at USTC, students will take up to three classes offered by USTC for an SIT MS program with 30 credits, or up to four graduate classes offered by USTC for an SIT MS program of more than 30 credits, in each case which are consistent with their planned program of graduate study at SIT. Students must successfully complete each class by achieving a grade of at least“B” (equivalent to 75 out of 100 at USTC) to be eligible for transfer credit to SIT.

After USTC, accepted students will transfer to SIT where they will spend one yearcompleting no fewer than seven additional courses in order to fulfil therequirements of the master’s degree for one of the programs at SIT.

Am I Qualified?

USTC shall nominate USTC students for admission to SIT for the Coordinated Program. USTCwill supply the SIT Office of Graduate Admissions with a list of theprospective students’ names and email addresses before the students begin the application process on the SIT Graduate Admissions website. Prospective students will need to complete their application on the Graduate Admissions website by March 31st for those students applying for the Fall Semester, and October 15th for those students applying for the Spring Semester.

The admissions requirements for students to attend the SIT MS program are the same as those for students regularly admitted to other SIT graduate programs. Such requirements will include:

1.       Obtaining official transcripts

2.       Letters of recommendation from faculty

3.       A CV or résumé

4.       GRE or GMAT scores

5.       Undergraduate GPA of3.1 (equivalent to 81 out of 100 at USTC) or above

All non-native English-speaking students who apply to the SIT MS Program will be required to achieve a Test of English as a Foreign Language (TOFEL) score of at least 86 on the IBT (Internet Based TOFEL); or a score of at least 7 on the IELTS: in each case as part of the admissions approval process at SIT. Applicants who do not meet this English language requirements but received a TOEFL score above 74 may be considered for admission into the coordinated program. If these applicants are admitted. SIT will enrol them in English Language Communications (ELC) course(s) during their first semester upon arrival on-campus.

All international students must obtain a student visa to study in the U.S.A. USTC will use all reasonable efforts to support its students in preparing to apply for and applying for the necessary visas to participate in the Coordinated Program. SIT will provide accepted students with formal letters of admission and other such routine documentation as may be necessary to satisfy any visa or other similar requirements.

Possible Master's Degrees at SIT

1.       MS in Financial Engineering

2.       MS in Finance

3.       MBA

4.       MS in Business Intelligence and Analytics

There are three semesters offered in an academic year: at SIT, the fall semester usually runs between the end of August and the end of December. The spring semester usually runs between the middle of January and the middle of May. The summer A term usually runs between middle of May and middle of July.

Master of Financial Engineering

To receive the MS in Financial Engineering, a student must successfully complete 30 credits as follows: three courses (amounting to 9 credits) in Part 1 of the Coordinated Program delivered at USTC and 21 credits (seven or more courses) in Part 2 of the Coordinated Program delivered at SIT. While at SIT, in order to maintain the full-time status, a student must take a minimum of 9 credits per semester. Normally, a student will take between 9 and 12 credits per semester,and therefore, the 21 credits at SIT can normally be completed in two or three semesters, depending on the workload that the student takes and their knowledge of English.

Courses to be delivered for the students at USTC (3 courses, 9 credits total):

·        FE610 Stochastic Calculus for Financial Engineers

·        FE620 Pricing and Hedging

·        FE621 Computational Methods in Finance

Courses to be delivered for the students at SIT (21 credits total):

·        FE630 Portfolio Theory and Applications

·        FE680 Advanced Derivatives

·        FE800 Special Problems in Financial Engineering

·        FE900 Thesis in Financial Engineering

12 credits of elective courses (9 credits in case FE 900 is chosen above). Students can choose from graduate courses in Financial Engineering, Business Intelligence & Analytics, Finance, Management, Information Systems, Math or Computer Science,for example:

·        FE511 Introduction to Bloomberg & Thomson Reuters (1 credit)

·        FE515 Introduction to R (1 credit)

·        FE514 Introduction to SAS (1 credit)

·        FE535 Introduction to Financial Risk Management (3 credits)

·        FE541 Applied Statistics with Application in Finance (3 credits)

·        FE550 Data Visualization Application (3 credits)

·        FE595 Financial Systems Technology (3 credits)

·        FE635 Financial Enterprise Risk Engineering (3 credits)

·        FE646 Optimization Models and Methods in Finance

·        FE655 Systemic Risk and Financial Regulation (3 credits) or courses above the 500level with prefixes BIA, CS, FE, FIN, MA, MGT, or MIS

Master of Finance

To receive an MS in Finance, a student must successfully complete 36 credits as follows: four courses(amounting to 12 credits) in Part 1 of the Coordinated Program delivered at USTC and 24 credits (amounting to ten or more courses) in Part 2 of the Coordinated Program delivered at SIT. While at SIT, in order to maintain the full-time status, a student must take a minimum of 9 credits per semester. Normally, a student will take between 9 and 12 credits per semester, and therefore, the 24 credits at SIT can normally be completed in two or three semesters, depending on the workload that the student takes and their knowledge of English.

The Master of Finance program presumes that students have studied the following subjects during their undergraduate studies:

·        Financial and Managerial Accounting

·        Financial Management

·        Statistical Models

Students that have not completed these subjects during their undergraduate studies will follow a study plan that includes these subjects.

Coursesto be delivered for the students at USTC:

·        MGT606 Economics for Managers (Intro to Micro and Macroeconomics)

·        MGT700 Econometrics

·        FIN630 Corporate Finance

·        FE535 Introduction to Financial Risk Management

Courses to be delivered for the students at SIT:

·        FIN510 Financial Statement Analysis (3 credits)

·        FIN620 Financial Econometrics (3 credits)

·        FIN627 Investment Management (3 credits)

·        FIN629 Fixed Income (3 credits)

·        FE511 Introduction to Bloomberg & Thomson Reuters (1 credit)

·        FE515 Introduction to R (1 credit)

·        FE514 Introduction to SAS (1 credit)

Electivesor Concentrations: Students choose between the following three concentrations or select 9 free elective credits from Finance, Financial Engineering, Business Intelligence & Analytics, Management or Information Systems;

·        FIN530 Investment Banking

·        FIN626 Venture Capital and Private Equity

·        FIN629 Derivatives of Financial Analytics and Risk

·        FIN545 Risk Management for Financial Cybersecurity

·        BIA656 Statistical Learning and Analytics

·        MGT609 Project Management Fundamentals

·        MIS710 Process Innovation and Management

·        MIS636 Data Warehousing and Business Intelligence

Master of Business Administration

To receive a Master of Business Administration, a student must successfully complete 48 credits as follows: four courses (amounting to 12 credits) in Part 1 of the Coordinated Program delivered at USTC and 36 credits (amounting to twelve or more courses) in Part 2 of the Coordinated Program delivered at SIT. While at SIT, in order to maintain the full-time status, a student must take a minimum of 9 credits per semester. Normally, a student will take between 9 and 12 credits per semester, and therefore, the 36 credits at SIT can normally be completed in three or four semesters, depending on the workload that the student takes and their knowledge of English.

Courses to be delivered for the students at USTC:

·        FIN600 Financial and Managerial Accounting

·        MGT606 Economics for Managers

·        MGT620 Statistical Models

·        FIN623 Financial Management

Courses to be delivered for the students at SIT:

·        MBACore (8 courses, 3 credits each):

·        MGT612 Leader Development

·        MGT641 Marketing Management

·        MGT657 Operations Management

·        MGT635 Managerial Judgement and Decision Making

·        MGT663 Discovering & Exploiting Entrepreneurial Opportunities

·        MGT671 Technology and Innovation Management 

·        MGT699 Strategic Management

·        MGT798 Integration and Application of Technology Management

MUA Concentrations (Students choose one concentration of 4 Courses, 3 creditseach):

Business Intelligence & Analytics

·        BIA672 Marketing Analytics

·        BIA674 Supply Chain Analytics

·        BIA658 Social Network Analytics

·        BIA670 Risk Management: Methods and Applications

Finance

·        FIN638 Corporate Finance

·        FIN626 Venture Capital

·        FIN627 Investment Management

·        FIN628 Derivatives

InformationSystems

·        MIS620 Analysis and Development of Information Systems

·        MIS630 Database Systems and Decision Support

·        MIS710 Process Innovation and Management

·        MIS730 Integration Information Systems Technologies

ProjectManagement

·        MGT609 Project Management Fundamentals

·        MGT610 Strategic Perspectives on Project Management

·        MGT611 Project Analytics

·        MGT619 Leading Across Projects

Master of Business Intelligence and Analytics

Toreceive an MS in Business Intelligence and Analytics, a student must successfully complete 36 credits as follows: four courses (amounting to 12credits) in Part 1 of the Coordinated Program delivered at USTC and 24 credits(amounting to ten or more courses) in Part 2 of the Coordinated Program delivered at SIT. While at SIT, in order to maintain the full-time status, a student must take a minimum of 9 credits per semester. Normally, a student will take between 9 and 12 credits per semester, and therefore, the 24 credits at SIT can normally be completed in two or three semesters, depending on the workload that the student takes and their knowledge of English.

Courses to be delivered for the students at USTC:

·        FIN615 Financial Decision Making

·        MIS630 Data and Knowledge Management

·        BIA652 Multivariate Data Analytics

·        BIA654 Experimental Design

Courses to be delivered for thestudents at SIT:

BIA Core Courses (6 courses, 3 creditseach):

·        MIS636 Data Warehousing & Business Intelligence

·        MIS637 Knowledge Discovery in Databases

·        BIA650 Process Analytics & Optimization

·        BIA658 Social Network Analytics

·        BIA660 Web Analytics

·        BIA686 Practicum “Applied Analytics in a World of Big Data”

BIA Elective Courses (Choose 2 of thefollowing courses, 3 credits each):

·        BIA656 Statistical Learning & Analytics

·        BIA662 Cognitive Computing

·        BIA670 Risk Management: Methods and Applications

·        BIA672 Marketing Analytics

·        BIA674 Supply Chain Analytics

·        BIA676 Data Stream Analytics: Internet of Things

·        BIA678 Big Data Seminar