Master of Science in Engineering Management Systems: Concentration in Risk and Revenue Management





Department: Industrial Engineering and Operations Research
Transcript Designation: Master of Science in Engineering Management Systems: Risk and Revenue Management
Program Advisor: Academic Questions: e-mail advisor@cvn.columbia.edu
Administrative Questions: e-mail cvn@cvn.columbia.edu



Program Description:

Master of Science program in Engineering Management Systems (EMS) provides students with a curriculum that emphasizes both technology and management perspectives in solving problems, making decisions, and managing risks in complex systems. Students pursuing this degree program are provided with a rigorous exposure to deterministic optimization and stochastic modeling, a basic coverage of applications in the areas of operations engineering and management, and an in-depth coverage of applications in the areas of the selected concentration.

Graduates from this program are expected to assume positions as business analysts in logistics, supply chain, revenue management, and consulting firms, and as financial analysts in risk management departments of investment banks, hedge funds, and credit card and insurance firms.

Admission Requirements:

Degree required for admission: Students admitted to the program must possess a bachelor's degree in engineering, science, mathematics, computer science, statistics, economics with a minor in mathematics, or other related field from an accredited academic institution. Applicants should have a strong undergraduate record to be competitive for admission.

GPA required: Minimum of 3.0

GRE requirements: General test required

Other application requirements: Two recommendation letters, transcripts, resume, and a personal-professional statement are required. TOEFL test scores are required of all students who received their bachelor's degree in a country where English is not the official and spoken language. All application requirements in the Graduate Application must be completed as specified in the application.


Breadth requirement: The prerequisites for the MS in Engineering Management Systems programs are completed courses in ordinary differential equations, linear algebra, probability theory, statistics, and in a programming language such as C or Java.


Degree Requirements:

Students must complete all required courses for a total of 30 graduate points of academic work with an academic average of 2.5 or better. All degree requirements must be completed within 5 years of the beginning of the first course credited toward the degree. This includes courses taken in the non-degree program.

Required Courses:

All four courses below:

IEOR E4004: Introduction to OR: Deterministic Models

IEOR E4106: Introduction to OR: Stochastic Models

IEOR E4601: Dynamic Pricing and Revenue Optimization

IEOR E4602: Quantitative Risk Management


At least three courses from the following:

IEME E4310: The Manufacturing Enterprise

IEOR E4003: Industrial Economics or IEOR E4403: Advanced Engineering & Corporate Economics

IEOR E4404: Simulation

IEOR E4510: Project Management

IEOR E4700: Introduction to Financial Engineering


And at least one course from the following:

IEOR E4407: Game-Theoretical Models of Operations

IEOR E4210: Supply Chain Management

IEOR E4307: Industrial Forecasting

IEOR E4418: Logistics and Transportation Management

IEOR E4505: Operations Research in Public Policy

IEOR E4550: Entrepreneurial Business Creation for Engineers

IEOR E4705: Studies in Operations Research


And two elective courses chosen in consultation with the IEOR Faculty advisor.


Transfer of credit:

Up to 6 credit hours (points) of acceptable graduate-level academic work from an accredited academic institution earned prior to enrolling at Columbia may be transferred to Columbia, subject to departmental approval. Students must request the transfer of credit while applying to the MS program. Credit will only be considered for transfer if the grades earned were at least 3.0 on the 4.0 scale. An official college transcript and copy of the class syllabus and/or course description from the school's bulletin must accompany the "Transfer of Credit Request" form. Please note that courses already used towards completion of another degree program cannot be re-used for transfer credit.