FinTech and Big Data Analytics
The FinTech and Big Data Analytics Major (FBDA) is designed to meet an increasing need in the financial industry, as it rapidly embraces the use of cutting-edge technology for data collection, analysis, and decision-making.
This major includes a much more rigorous curriculum in math and programming than the typical finance degree and concludes with a capstone finance class that applies these technical skills to address emerging real-world financial problems. The major combines coursework from multiple disciplines in addition to the traditional finance curriculum.
What is FinTech?
FinTech is the integration of finance, computer science and computation modeling, and data analytics (CMDA) to solve very complex quantitative finance problems.
The application of computer science and CMDA to finance has created efficiencies and streamlined financial processes throughout many industries around the globe.
The finance industry has rapidly evolved in embracing FinTech/Quantitative Finance skill sets, and this major addresses’ the need for personnel who are adeptly trained in finance, computer science, mathematics, and statistics.
Student Knowledge Outcomes
- In-depth knowledge of finance and advanced analytical and computer science skills
- Technical, highly specialized industry knowledge (STEM)
Targeted Skill Sets
- Computational Modeling
- Financial Data Analytics
- Portfolio Analytics
- Risk Management Modeling & Analysis
- Structure Products Modeling & Analysis
- Algorithmic Trading
The first graduating classes of FinTech students have enjoyed a high percentage placement with the student finding employment in:
- Investment Banking
- Credit Analysis
- Financial Planning
- Large Corporations
Average salary range has been between $65,000-$85,000
Students in the FinTech option will typically find an externship the summer after their sophomore year, and an internship after their junior year. In many instances, the junior year internship will lead to a full-time placement.
Current students have been placed in a vast array of companies for their internships encompassing banking, consulting, government, investments, financial planning, and corporations.