Master of Science in Engineering and 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, economics, statistics, 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.
Note that not all 4000 level courses are acceptable for graduate credit toward this degree.
Each student must file an advisor-approved study program before completing 15 points of credit. Changes may be
made at any time with the CVN program advisor's approval.
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:
IEOR E4003: Industrial Economics or IEOR E4403: Advanced Engineering & Corporate Economics
IEOR E4404: Simulation
IEOR E4700: Introduction to Financial Engineering
SIEO W4801: Introduction to Property: Liability Insurance Models
SIEO W4802: Introduction to Life Insurance and Aggregate Loss Models
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 E4409: Industrial Information Systems
IEOR E4418: Logistics and Transportation Management
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 can
not be re-used for transfer credit.