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The Major Business Engineering

This major trains engineers who will be able to mobilize IT resources to create suitable groundbreaking solutions for problems faced by international markets and financial companies. Thanks to processing power and modeling capacity, students will create programs to solve equations and calculate probabilities for risk assessment.

They will interface and integrate different environments between financial actors and brokers, as well as advise, diagnose or execute strategies. They will learn the importance of relationships and rationality in an uncertain world where finance is undergoing constant change. Studies of bank regulations and validation practices will be complemented by studying macroeconomic elements of monetary policies and rates.

Quantitative Methods for Risks

Risks and Regulations
Learn national and international frameworks of regulatory texts that govern the financial world and its activities: Basel I & II, Solvency II and corresponding supervisory bodies.

Credit Risk Modeling
Apply modeling techniques to banking activities in lending and borrowing, securitization, defaults.

Operational Risk Modeling
Apply modeling techniques to risk area such as fraud, litigation, physical damage to assets and business disruptions.

Advanced Mathematical Foundations

Stochastic calculus
Learn mathematical foundations for dealing with random based processes.

Statistics for Modeling
Estimation theory, maximum likelihood, Bayesian inference and Markov chain Monte Carlo.

Simulation
Discover Monte Carlo, Quasi Monte Carlo, Stratified Sampling and Importance Sampling for simulations.

Financial Products

Stock Options and Derivatives
Explore pricing, hedging and computation of risks for derivatives in stocks and shares, both vanilla and exotic.

Interest Rate Options and Derivatives
Explore pricing, hedging and computing risks for options derivatives and calibration of Libor Markets Models.

Loan Options and Derivatives
Study computation of CDO’s, CDS, CPPI and other products; introduces tranching techniques.

Financial Markets

Portfolio management
Learn strategies and theories about hedge funds as well as other funds.

Electronic Markets And Banking information Systems
Gain practical insights into the electronic platforms used in markets.