I have an engineering / numerics background and enjoyed this course very much. Good overview and comprehensive explanation of mathematical models of fixed income and equities as well as derivatives.
I appreciate how this course not only discusses the concepts in technical detail, but actually delves into the mathematics of the subject matter, and teaches how to actually do the actual work inv
By Joe L•
Excellent course. This course teach you on how to price options, futures, and other fixed income derivatives. It not only tell you how it works in simple and easy binomial model, but also provide hands-on spreadsheets to start with your homework. It should be easy to follow and learn if you have basic understanding of options, bond, forwards/futures, and some probability theory.
By Ronald O•
Im really fascinated with this course.
By the way, i think some quiz have few mistakes as the module about pricing swaptions in the calibration model. The answer the professor gave is not 13300 or 19400, but 1330 or 1940 respectively.
The quiz#6, the answer for the question 1 and 2 is multiple, its between a range and i cant complete it, please check the parameters again.
By Grzegorz L•
A lot of useful information in the course. If you've got some programming skills it has even greater impact if you actually write the code yourself to solve the quizzes (still comparing with the solution in Excel). I'd suggest this course to anyone who wants to get a glimpse of the complexities of what Hedge Funds and Front Office desks in Investment Banks actually use.
By Soubhik G•
Awesome...the concepts have been explained in a superb way, the contents are itself high class, he example computations are jist wonderful. Although I am yet to finish it, I am just enthralled with it and have been a fan of coursera big time!!
Expecting more detailed and rigorous course on financial engg which can be a testimony itself for an entry to the industry!!
By Yunis T•
This course is definitely for people who really like to use their math skills in finance. I admit that quizzes a little bit challenging and check the learners' understanding. After some practice I'll definitely take FE&RM II. My only feedback is that is would be better to add some more practical examples to slides instead of emphasizing only theory. Thanks a lot:))
By Jingxia Z•
I have a Bachelor's Degree in Economics and a Master's Degree in Financial Engineering. I got my Master's degree in 2016 while I did not continue to seek a career in this industry because something bad happened to my family. Now I am planning to build up a career in Financial Engineering and this course is really great to help me review the basic knowledge.
By Gleb S•
Very good course. Within only 8 weeks covers the approach to pricing of a wide range of key financial products. Very helpful for those people working in finance, but not directly involved in pricing products to learn more about that aspect. Exercises and spreadsheets help get hands on experience and understand the philosophy behind pricing approaches.
By Árpád B•
As the first serious encounter with financial engineering I found the course challenging but very rewarding. Very good theory-practice ratio. I would definitely recommend to somebody who is interested in the topic and willing to spend many hours with it. My experiences are based on 4 weeks of completed sessions, so please take it with a grain of salt.
By LE T T T•
In discussion forum, I saw that a few years ago, our mentors replied the questions of learners very quickly. However, recently I've seen that there are some questions that are not answered. I do not know why.
By the way, I am so grateful to our lecturers and mentors. Thanks to their guide, I could pass all of my assignments more straightforwardly.
By Charles D S•
The material covered in the course is highly relevant to the current job market. Professors Haugh & Iyengar were great at explaining the material and the quizzes were reasonably difficult. The learning spreadsheets were very good as well. Overall, it was a great learning experience and I will enthusiastically recommend it to my colleagues.
By Athanasios T•
Excellent approach, robust presentation, demanding but rewarding quizzes, overall a valuable course.
A slight drawback is of technical nature and is responsibility of the host platform: a couple of module videos contain wrong subtitles. Nevertheless, both teacher speak clear English, and it wouldn't be hard for most participants to follow.
By Manuel A V S•
This course introduces financial engineering and risk management very adequately. Even though the level is not that advanced, it teaches the mechanics of derivatives, fixed income securities and more complicated securities like MBS. The quizzes are achievable, but don't let the time run up until the deadline since they require attention.
By Lahiru C E•
I love the course. The course is rich with good content. I have a financial background but i am new to the financial engineering, so I had hard time to follow some financial models. I feel like it would be much enjoyable and easy to follow theories if the financial models can explain with examples. Other than that the course is great.
By Amos F•
Sufficient rigor for a course that is notoriously quantitative and challenging! Working with Excel models is the best way to get your feet wet with abstract price evolution theory which will ultimately be implemented in algorithms of C++ and Python! Kudos to team who is the best in the field educating this subject to the masses!
By Francesco M•
Martin Haugh and Garud Iyengar are knowledgeable and passionate about financial engineering. The result is a great course, useful and enjoyable. I learnt a lot, and I am going to use plenty of the tools in my job. Many thanks Martin and Garud – really a great job! (Week 4 and 5 are really really tough!)
By manish s•
Excellent course material to get to understand & apply the quantitative techniques. Fixed income and exotic options (swaptions) were very well explained. A highly recommended course for anyone who wants to build career in financial engineering /quantitative techniques and for practicing risk managers.
By MANOJ K M•
It is incredible to see that the quality education from a university as reputed as Columbia is made available to everyone. The Professor's explanation of relatively complex concepts with ease makes the hours spent worthwhile. The course offers the right mix of theoretical concepts and practical implementation.
By Sandeep J•
Truly excellent course! I really enjoyed learning through the guidance of Prof. Haugh and Prof. Iyengar. I loved the end of week quizes. For more details, please see my review of the Part II. I completed Part I in Oct 2016, and Part II in early Jan 2017. Very good beginning to the New Year! Time well-invested.
By Reuben K•
Was very educational, learn't a lot and the great thing was having to implement the theory learn't in the notes and lectures during the assignments. The "curve" ball questions were great too as it forced you to apply understanding thus teaching you to apply your knowledge based on the core principles learn't.
By Anupam K•
The teachers, Martin and Garud, were amazing. Clear speaking, both explained the concepts in detail without getting lost in theory. And the best part was the spreadsheets which helped to get a hands-on and a "real world" flavor of pricing and calibrating fixed income financial instruments. Loved the course!
By Sourav G•
An Excellent course which really tested my understanding of the subject matter through challenging questions and rigorous assignments. The course matter is also very relevant and engaging. Through this course I have improved my understanding of the pricing mechanism of securities and derivatives. Thank You.
By Vikram J•
The course goes into a reasonable depth of the area. I particularly like the excel models for pricing of various financial instruments. My only suggestion is to provide more supplementary material like open source books, research papers etc on the topic so that one can expand their knowledge even further.
By Hermon A•
Good explanations, good reviews of theory and good practical reviews with excel. The forums are also very useful and complement the content saw in videos for more complex questions not explained in videos.
I am now more exciting to learn about financial engineering after this course, Part II here we go!!
By Evan K•
A well put together course that is good for both those currently in finance looking to expand their quantitative skillset as well as anyone looking to just learn more about financial modeling. The lectures and notes are informative and engaging, and the quizzes are challenging but doable.
By Yang L•
It is a great entry-level course for engineering students like me who want to learn some basic finance. The assignment after each module did take me some time but it is quite worth it. And the last module of background materials that cover a lot of finance mathematics is very helpful too.