Assessment Information

Department Mission Statement

The mission of the Mechanical & Industrial Engineering Department is to serve the State of Montana, the region, and the nation by providing outstanding leadership and contributions in knowledge discovery, student learning, innovation and entrepreneurship, and service to community and profession.

Financial Engineering Program Mission

The mission of the undergraduate program in Financial Engineering is:

To produce graduates well-grounded in financial engineering and data analytics knowledge and skills consistent with the land-grant mission of MUS; and prepare them to be productive citizens and contributors to the economic well-being of employers.

Program Constituencies

The primary constituencies for the Financial Engineering (EFIN) program are:

• Current EFIN students
• EFIN graduates 
• Employers
• Financial Engineering, economics and business graduate programs
• Financial Engineering affiliated faculty

Secondary constituencies are the faculties of progams that offer courses taken by EFIN majors, such as: business finance faculty, computer science faculty, and statistics faculty.

Although not listed as primary constituencies, the following groups are also constituency groups that we serve, and from whom we recieve feedback:

• Families of students
• Financial engineering External advisory Board
• Department of Agricultural Economics and Economics Advisory Committee
• Mechanical and Industrial Engineering Departmental Industrial Advisory Board
• Norm Asbjornson College of Engineering Advisory Council

Program Educational Objectives

In support of the program’s mission, the Financial Engineering faculty have established a set of educational objectives based on the needs of the program’s constituents.  Educational objectives describe, broadly speaking, what graduates are expected to attain within a few years after graduation.  The faculty-approved educational objectives in support of the program’s mission are that Financial Engineering graduates will:

1. Employ financial engineering, risk management and data analysis tools and knowledge in their chosen careen paths;
2. Employ effective communication;
3. Work in inter-professional teams;
4. Engage in life-long learning, including post-graduate education for some graduates;
5. Contribute to industry and society, including involvement in professional and other service activities; and
6. Demonstrate ethical leadership in design and operational activities that contribute to their organization and community.

Student Outcomes

Student outcomes describe what students are expected to know and be able to do at the time they graduate from the program.  They encompass the knowledge, skills and behaviors that students acquire as they progress through the program and which prepare them for professional careers and graduate study.  The faculty has defined the ten student outcomes that follow.

Students completing the Financial Engineering program will demonstrate:

1. an ability to apply knowledge of mathematics, science, economics, and financial engineering;
2. an abillity to design financial instruments and risk management strategies, as well as to analyze and interpret data;
3. an ability to fnction on inter-professional teams;
4. an ability to identify, formulate, and solve financial engineering problems from a systems perspective;
5. an understanding of professional and ethical responsibility; 
6. an ability to communicate effectively;
7. the broad education necessary to understand the impact of financial engineering and risk management solutions in a global, economic environmental, and societal context;
8. a recognition of the need for, and an ability to engage in life-long learning;
9. an ability to use the data analysis and modeling tools necessary for financial engineering and risk management; and
10. an ability to design, develop, implement, and improve integrated systems. 

EFIN Undergraduate Student Enrollment*

*Data taken from the Office of Planning and Analysis, Report G:   http://www.montana.edu/opa/enrollment/index.html 

EFIN Undergraduate Student Graduation for Last Four Years