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Blending Knowledge, Skills and Experience in a Professional Science Master’s Program Presenter Paul W. Eloe Department of Mathematics Date: October 14 , 2011. Overview of Program.
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Blending Knowledge, Skills and Experience in a Professional Science Master’s Program Presenter Paul W. Eloe Department of MathematicsDate: October 14, 2011
Overview of Program • Comprehensive (Private) University (7000 undergraduate, 4000 graduate, College of A&S, Schools of Business, Engineering, Education and Law, very strong tradition of liberal arts & science) • MFM program (in Department of Mathematics, Finance delivered through MBA program, good cooperation between Math and Finance) • Intended to serve Financial Services industry regionally (Chicago Board of Trade, Actuarial Science, Banking, …) • Entrance requirements set to attract students from broad range of undergraduate majors • 11 course program of study (research is satisfied in a 3 credit hour course called Mathematics Clinic); feasible to enter in August and graduate in December, 15 months later. • Currently 33 active folders with at least 6 joining the program in January; support 3 on assistantships; domestic students, International students (Chinese, Saudi Arabian)
Knowledge • Analysis, Ito Calculus, Stochastic Processes (continuous time, discrete time) • PDE and Optimal Control in Finance • Statistics and Time Series • Numerical Analysis, deterministic and stochastic • Credit Markets, Pricing Models • Financial Derivatives and Risk Management • Interest rates, Fixed Income Models
Skills • Software applications to portfolio management, risk management, financial asset trading, hedging • Programming skills • Data Analysis • Portfolio Management • Communication skills (interface with clients, business partners) • Interviewing Skills
Experience • Work experience (internships) • Research experience • Hands-on experience with, say, case studies or projects
Challenges to Deliver -Assume a baccalaureate degree • Math major • Statistics major • Finance major • Computer Science major • Engineering major
Business Partners(current project) • A Business Partner; opportunities for internships (in Dayton), training provided by the Business Partner, research done in teams and data driven • Student obtains skills (interviewing, communication, data analysis, software package experience, programming, supervised team working skills) • Student obtains experience (internship, research, hands-on) • Goal to move this opportunity into the curriculum possibly with a three credit hour case studies course