Finance with MIT
Skills Covered: Modern Finance, Capital Budgeting, Capital Asset Pricing Model (CAPM), Financial Accounting, Mathematical Methods, Quantitative Finance, Derivatives Markets, Advanced Modeling, Strategies, Arbitrage Pricing Theory (APT), Efficient Market Hypothesis, Probability Distributions, Time-Series models, Linear Algebra, Asset Pricing, Statistical Analysis, Econometric Analysis, Monte Carlo Simulation
ABOUT THIS MICRO MASTER
The skills and expertise required for a career in finance are in high demand across countless industries. From asset management, to corporations, to official institutions, the career opportunities for qualified finance professionals continue to grow and evolve. For example, demand for financial analysts is predicted to grow at a faster than average rate of 11% through 2026 (Source). And according to Glassdoor, the median salary of a quantitative financial analyst was $106,575. (Source)
The MITx MicroMasters® Program in Finance offers recent graduates, early to mid-stage professionals, and other individuals interested in pursuing a career in finance, an opportunity to advance in the finance field or fast-track an MIT Sloan Master of Finance through a rigorous, comprehensive online curriculum, delivered by the world-renowned MIT Sloan School of Management.
Drawn from the STEM-based curriculum taught on campus, all five online courses in this program mirror on-campus graduate-level MIT coursework and cover the following topics: modern finance, financial accounting, mathematical methods for quantitative finance, and derivatives markets. Learners who complete and pass each course in this online program may earn a MicroMasters program certificate in finance, and are considered affiliate members of the MIT Alumni Association. Those learners are eligible to apply to the MIT Sloan Master of Finance and upon acceptance, earn credit for the work performed online.
WHAT YOU WILL LEARN
- Comprehend the foundations of modern finance.
- Understand the basics of corporate finance, capital budgeting, real and financial options, capital structure, yield curve analysis, and corporate risk management.
- Apply financial decision making, the theory of efficient markets, valuation theory, financial securities, risk analysis, portfolio theory, derivatives pricing, hedging strategies based on duration and convexity, and asset pricing models.
- Identify the basic structure of financial reports and the process of recording transactions. Understand how investors, creditors, and other users analyze financial statements to assess corporate performance.
- Perform applied computational techniques in R and apply advanced mathematical topics in financial engineering and quantitative finance using linear algebra, optimization, probability, stochastic processes, and statistics.
- A recent report by IBM and Burning Glass states that the demand for data-driven finance positions accounts for 19% of all job openings in the finance industry.
- Quants can make anywhere from $125,000 to $500,000 + in the field of finance.
- Demand for financial analysts is predicted to grow at a faster than average rate of 11% through 2026.