Program: Financial Engineering (MS)
Degree: Master's
Date: Fri Oct 29, 2010 - 4:04:00 pm
1) Below are the program student learning outcomes submitted last year. Please add/delete/modify as needed.
1: Graduates will be able to analyze complex problems in financial mathematics. Assessed in
FIN 651, FIN 654, FIN 657
Rubrics:
0 = No understanding of financial mathematics or complex problems.
1 = Partial development of mathematical approaches.
2 = Ability to analyze complex problems and apply a suitable financial mathematical process.
2: Graduates will be able to evaluate and correlate stochastic processes. Assessed in FIN 655
Rubrics:
0 = No understanding of stochastic processes.
1 = Understands what a stochastic process is but is not able to evaluate and correlate a
stochastic process.
2 = Is able to evaluate and correlate stochastic processes.
3: Graduates will be able to forecast stochastic events in finance and related fields as weather
(hurricanes, floods, volcanoes) Assessed in FIN 655, FIN 658
Rubrics:
0 = Does not understand and is unable to forecast stochastic events in finance and related fields.
1 = Understands but is unable to forecast stochastic events in finance and related fields.
2 = Is able to forecast stochastic events in finance and related fields by distinguishing what
approach can be used to forecast the particular stochastic event.
4: Graduates will have the computational skills to program complex stochastic processes in
finance and related fields. Assessed in FIN 652, FIN 659
Rubrics:
0 = Lack in understanding how to program or create a program of a complex stochastic process.
1 = Programming skill is adequate but is unable to program complex stochastic processes.
2 = Is able to program and program a financial process in finance or a related field.
5: Graduates will be able to apply their knowledge in the insurance, risk‐management, and
investment banking industry as well as in related fields. Assessed in FIN 653, FIN 656, FIN 661
Rubrics:
0 = Students are unable to identify and apply processes in the insurance, risk management, and
investment banking industry as well as related fields.
1 = Students are able to identify processes but do not have an understanding of the various
processes in the insurance, risk‐management, and investment banking industry as well as in
related fields.
2 = Students have a clear understanding of the process of the insurance, risk‐management, and
investment banking industry as well as in related fields
2) As of last year, your program's SLOs were published as follows. Please update as needed.
Department Website URL: Student Handbook. URL, if available online: Information Sheet, Flyer, or Brochure URL, if available online: UHM Catalog. Page Number: Course Syllabi. URL, if available online: Other: Other: 3) Below is the link to your program's curriculum map (if submitted in 2009). If it has changed or if we do not have your program's curriculum map, please upload it as a PDF.
4) The percentage of courses in 2009 that had course SLOs explicitly stated on the syllabus, a website, or other publicly available document is indicated below. Please update as needed.
0% 1-50% 51-80%
81-99% 100%5) State the assessment question(s) and/or goals of the assessment activity. Include the SLOs that were targeted, if applicable.
The MFE program was not assessed during the 2009-2010 academic year
6) State the type(s) of evidence gathered.
7) Who interpreted or analyzed the evidence that was collected?
Course instructor(s) Faculty committee Ad hoc faculty group Department chairperson Persons or organization outside the university Faculty advisor Advisors (in student support services) Students (graduate or undergraduate) Dean/Director
Other: 8) How did they evaluate, analyze, or interpret the evidence?
Used a rubric or scoring guide Scored exams/tests/quizzes Used professional judgment (no rubric or scoring guide used) Compiled survey results Used qualitative methods on interview, focus group, open-ended response data External organization/person analyzed data (e.g., external organization administered and scored the nursing licensing exam) Other: