Master of Science in Financial Engineering and Risk Management


The Master of Science in Financial Engineering and Risk Management degree is a cohort STEM program for students who want to learn the quantitative skills required to analyze financial information, engineer financial products, identify risks, and manage risks. The program is designed for students with or without a previous educational background in finance, but with a proclivity toward quantitative approaches to managerial issues.

Special tuition, fees and admissions requirements apply and the program is supported entirely by participant tuition/fees.

In addition to the academic coursework, the Jindal School offers a number of resources to enhance the learning experience. A finance trading lab offers you the opportunity to train and get certified using the Bloomberg Terminal. The lab also has access to several databases, including Thomson Reuters Eikon, S&P Capital IQ, SDC Platinum, Morningstar Direct and Wharton Research Data Services. The program also offers a series of workshops that prepare students for the workplace. These resources allow students to improve their quantitative and qualitative skills in analyzing financial data and managing risk. Beyond the lab, JSOM’s Career Management Center staff helps students to find internships and jobs and hosts guest speakers and events.

Program Information

School: Naveen Jindal School of Management

Program: Financial Engineering and Risk Management

Catalog page: MS

MS in Financial Engineering and Risk Management Fact Sheet

Application Requirements

Degree requirements: Bachelor's degree from an accredited institution in the United States, or its equivalent. An undergraduate business degree is not required; all undergraduate majors are welcome.

Test score required: Yes

A competitive GMAT score (GRE also accepted) that is less than five years old is required. Exceptions can be made to the GMAT/GRE requirement for any student with a 3.6 or greater GPA based on the last 60 credit hours at an Association to Advance Collegiate Schools of Business (AACSB) accredited undergraduate institution. These exceptions will be made based on a holistic review by the admissions committee of their work experience and academic performance.

International applicants must submit a TOEFL score of at least 80 on the Internet-based test that is less than two years old.

Letters of recommendation: Minimum of one

Applicants must submit at least one letter of recommendation from an individual who can judge the candidate’s probability of success in graduate school. Use the electronic request form in the graduate application to submit the letters. Contact the graduate academic program department if you have any questions.

Resume required: Yes

Admissions essay required: Yes

Deadlines: University deadlines apply.


Dr. Robert Kieschnick
Director, MS in Financial Engineering and Risk Management

Stefanie Wang
Associate Director, MS in Financial Engineering and Risk Management Program

The University of Texas at Dallas
800 West Campbell Road
Richardson, TX 75080-3021

Possible Careers

Financial data analytics and risk management are becoming two of the hottest fields in finance, and this program is designed to help students succeed in these areas. Career options include: Financial Data Analyst, Credit Analyst, Quantitative Credit Risk Analyst, Financial Analyst, Financial Engineer, Research Analyst, Risk and Insurance Analyst, Market Risk Analytics, Quantitative Risk Analyst, Chief Risk Officer, Risk Management Officer, Risk Management Analyst.

Salary Information

See Bureau of Labor Statistics for detailed salary information on these careers. Another great resource is the Occupational Outlook Handbook.