Program content
In order to become a "Certified Financial Engineer", a case study must be completed under the Professional Excellence pathway. Under the Academic Excellence pathway a case study as well as either an oral or a written examination in the following subject areas must be completed:
- Financial engineering with options and futures
- Pricing of futures
- Binomial model, Black Scholes and Black Scholes Merton model
- Greeks
- Basic strategies
- Bullish, bearish and neutral option strategies
- Situational application of various strategies
- Financial engineering in risk management
- Skewness and kurtosis
- Moving volatility
- EWMA, ARCH, GARCH models
- Value at Risk and Conditional Value at Risk
- Extreme value theory
- Historical simulation and Monte Carlo simulation
- Financial Engineering in Corporate Finance
- Professional company valuation on perfect capital markets
- Identical company values with the WACC, total cash flow, APV and equity approach
- Professional company valuation on imperfect capital markets
- Modelling of risks in the business plan
- Simulation-based company valuation
- Simulation-based multiples