2014-2015
Academic Catalog

SSE Graduate Programs

Today's engineered systems are more complex than their predecessors, not only in the sophistication of elements from which they are constructed, but in the number and nature of the interconnections between those elements. System failures today, whether an automobile malfunction on a busy highway or the loss of a spacecraft on a distant planet, are much more likely to result from an unanticipated interaction between elements than from the failure of a single part.

Enterprises represent a special case of systems, one with enormous economic importance. While not traditionally considered within the same domain as technical systems, enterprises are increasingly viewed as representatives of a broader class of human designed systems, of which technical systems are only one example.

Stevens created the School of Systems and Enterprises (SSE) with the mission to provide interdisciplinary and trans-disciplinary education and research rooted in systems thinking. We focus on applying a "systems approach" to better understand the nature of problems and opportunities, and to conceive novel concepts and solutions that achieve breakthrough results.

The following graduate programs are offered by the SSE.

MASTER OF SCIENCE

Financial Engineering

The vast complexity of financial markets compels industry to look for experts who not only understand how they work, but also possess the mathematical knowledge to uncover their patterns and the computer skills to exploit them. To achieve success, banking and securities industries must come to grips with securities valuation, risk management, portfolio structuring, and regulation-knowledge embracing applied mathematics, computational techniques, statistical analysis, and economic theory. The goal of the degree is to produce graduate who can make pricing, hedging, trading, and portfolio-management decisions in the financial services enterprise. With sharply honed practical skills complimented by strong technical elements, graduates are in demand in the industries-investment banking, risk management, securities trading and portfolio management. Students wishing to enroll in any of the FE programs must have an undergraduate degree in an engineering or science discipline and strong quantitative background.

Software Engineering

The Master of Science degree in Software Engineering is a 10-course program emphasizing the understanding of software engineering principles and quantitative measurement. At Stevens, these are seen as critical to the successful management and completion of all software programs, including development, integration and acquisition programs, both complex and simple. Success in such software programs occurs only when the end systems produced perform correctly, reliably, securely and safely throughout their intended life.

Sociotechnical Systems

Sociotechnical Systems are complex large-scale technology-intensive systems with a large number of stakeholders, where technological complexity and social complexity need to be tackled in an integrated fashion. Examples include the internet (and its problems of security, privacy, and design), urban, regional and global transportation systems, regional and national power grids, telecommunication networks, the global financial system, environmental systems, national healthcare systems, cities and other large-scale projects with significant societal impact.

Systems Security Engineering

The Systems Security Engineering Program integrates topics in security requirements, secure system architecture, security system engineering, technology governance, and information assurance in order to provide a systems perspective on security issues. These issues span the lifecycle of secure systems, and are encountered via both classroom instruction and hands-on assignments intended to accelerate the student experience in the field of systems security. The four certificate courses provide the solid body of knowledge required to develop sound designs for secure systems, as well as to assess system security architecture.

MASTER OF ENGINEERING

Engineering Management

Many engineers find themselves at a decision point about five years after graduation, when they must choose either to continue with their technical specialty or to enter the ranks of technical management. Those who choose the latter often find themselves inadequately prepared for their new responsibilities, having little experience or training in management, accounting, business strategy team development and other vital management skills. Engineering Management fills these gaps in engineering and science education with studies in business, management and systems engineering by affording the traditional engineer with formal education in the human, financial, and management skills necessary to develop high quality, cost efficient, technically complex systems and products.

Space Systems Engineering

Astronomical! That might be the right word for the challenges and opportunities facing today's space programs. From the retirement of the Space Shuttle to the emergence of commercial resupply for the International Space Station; from the cancellation of NASA's Constellation program to the spectacular, game-changing discoveries emerging from Spirit and Opportunity, Kepler, LCROSS, and other unmanned missions; from the emergence of China and India as major space nations, to the rapid proliferation of space products and services into everyday life. Fundamental changes are afoot in the world of space.

Systems Engineering

The SSE Systems Engineering graduate program offers a multidisciplinary approach to engineering education by providing a blend of engineering, systems, and management subjects. Our graduates manage engineering and technology, are able to address systems integration, life cycle issues, and systems thinking at the system and enterprise levels, in a market where globalization, technology, quality, complexity, and productivity are the key business drivers.

Graduate Certificates

Acquisition and Management of Trusted Software Systems
Development of Secure Systems
Development of Trusted Software Systems
Engineering Management
Financial Engineering
Financial Risk Engineering
Financial Software Engineering
Logistics and Supply Chain Analysis
Sociotechnical Systems
Software Acquisition and Integration
Software Engineering
Software Engineering in Finance
Software Systems Architect
Space Systems Engineering
Systems and Supportability Engineering
Systems Engineering and Architecting
Systems Engineering Management
Systems Lens for Technical Leaders
Systems Security and Information Assurance
Systems Security Engineering

SET Graduate Certificates

SET Graduate Certificates are offered as part of a special program provided to a specific Government sponsor and are not offered outside of that program. There are currently four SET Certificates, as follows:

Modeling and Simulation
Software Engineering Fundamentals
Systems Engineering Foundation
Systems Security

INTERNATIONAL PROGRAMS

Nanyang Technological University (NTU)

The SSE in partnership with the School of Mechanical and Aerospace Engineering, Nanyang Technological University (NTU), Singapore, offers a dual degree program leading to Master of Engineering in Systems Engineering (through Stevens) and a Master of Science in Systems and Project Management (through NTU). The program mission is to prepare graduates in the twin competencies of systems engineering and project management, both sharing a common complex systems thinking and perspective. This dual degree program aims to broaden the participants' educational experience and prepare them for a successful career in leadership positions in delivering systems-based products, services and solutions to the industries, businesses and government especially with countries in or have interest in developing businesses in Southeast Asia, India, and China.

The program is designed to be a resident program with students spending a minimum of one semester at the non-host university. To meet the degree requirements, candidates must earn 30 course credits by taking five courses from Stevens and four courses from NTU, plus an independent study project. Students should take the following courses from the SSE:

SYS625 Fundamentals of Systems Engineering
SYS650 System Architecture and Design
SYS605 Systems Integration
EM612 Project Management of Complex Systems
SYS660 Decision and Risk Analysis or EM680 Designing and Managing the Development Enterprise

While studying at NTU, candidates must select four of the following System and Project Management (SPM) courses:

SPM21/M6141 Quality Engineering
SPM22/M6205 Systems Simulation & Modeling
SPM23/M6601 Human Factors Engineering
SPM25/M6925 Enterprise IT/IS Project Management
SPM26/L6103 Supply Chain: Strategy and Design
SPM29/M6929 Management of Complex Engineering Projects
SPM30/M6426 Management of Technology and Innovation
SPM31/M6930 Project Estimation and Cost Management

All students in the program are required to take M6588 Independent Study from NTU producing a three credit hour capstone project. Note that students wishing to pursue a graduate certificate in Systems Engineering Management through Stevens are required to take EM 680 and SPM22.

Applicants should apply to their perspective host university. Cohorts are accepted for both the fall and spring terms.

Buskerud University College (BUC)

The SSE in partnership with the Department of Technology at Buskerud University College (BUC) in Kongsberg, Norway, offers a dual degree program leading to Master of Engineering in Systems Engineering from Stevens and a Master Degree in Systems Engineering from BUC. The dual degree program aims to broaden the participants' educational experience and prepare them for a successful career in leadership positions delivering systems-based products, services and solutions to industries, businesses and government, especially with countries in or who have interest in developing businesses in Scandinavia and Northern Europe. Students should apply to their perspective host universities. The program is designed to be a resident program with students spending a minimum of one semester at the non-host university. To meet the degree requirements, candidates must earn 30 course credits by taking five courses from Stevens and four courses plus a Master Project from BUC.

National University of Malaysia (UKM)

SSE, in partnership with the National University of Malaysia (UKM), offers a dual degree program leading to Master of Engineering (ME) in Systems Engineering or Engineering Management from Stevens and a Master of Science (MSc) in Industrial and Technology Management from UKM. For candidates to gain this dual Masters degree they must fulfill a minimum of 33 credits by:

1. Completing 3 core courses at UKM and 2 technical elective, and

2. Completing 4 core courses in Systems Engineering at SIT and 1 technical elective, and

3. Completing 1 project-based UKM independent study.

Applicants should apply to their perspective host university.

Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM)

ITESM - Campus Guadalajara - is a research-intensive university with the mission to form persons with integrity, ethical standards and a humanistic outlook, who are internationally competitive in their professional fields; at the same time, they will be good citizens committed to the economic, political, social and cultural development of their community and to the sustainable use of natural resources. ITESM Campus Guadalajara has more than 7,600 High School, Undergraduate and Graduate Students.

Stevens and ITESM, in recognition of the value of international cooperation and student mobility, and as a supplement to any exchange agreement, have agreed to conjointly offer encompassing Dual Degree Programs involving:

Master of Engineering in Systems Engineering (MSE) at SIT and Master in Science in Quality Systems and Productivity (MCP) at ITESM.

Candidates take the following four Stevens Institute of Technology Systems Engineering courses:

SYS 625 Fundamentals of Systems Engineering
SYS 605 Systems Integration
SYS 650 System Architecture and Design
EM 612 Project Management of Complex Systems

And two additional courses from either:

SYS 645 Design for Reliability, Maintainability & Supportability
EM 680 Designing and Managing the Development System
SYS 640 System Supportability and Logistics

ITESM Masters in Quality Systems and Productivity candidates take the following courses:

GI5000 Research and Innovation Methods
GI4000 Leadership for Business Innovation (1.5)

And four out of the five following courses

IN4019 Quality Management and Competitiveness
MA4009 Statistical Methods
IN4016 Optimization Methods for Decision Making
IN4017 Production Engineering
IN4018 Supply Chain Management
GI5007 Thesis Project 1*
GI5008 Thesis Project 2*

*Students develop a Thesis/Project under guidance of ITESM-SIT Faculty

Master of Science in Financial Engineering (MFE) at SIT and Master in Finance (MAF) at ITESM, Master in International Business (MIB) at ITESM or Master in Business Administration (MBA) at ITESM

Candidates take the following Stevens Institute of Technology Financial Engineering courses:

FE 610 Stochastic Calculus for Financial Engineers
FE 620 Pricing and Hedging
FE 621 Computational Methods in Finance

And three out of the following electives:

FE 630 Portfolio Theory and Applications
FE 680 Advance Derivatives
FE 635 Financial Enterprise Risk Engineering
FE 655 Systemic Risk and Financial Regulation

ITESM Masters in International Business candidates take the following International Business courses:

GA 4044 Introduction to Economics
GA 4075 Managerial Accounting
GA 4076 Financial Accounting
GA 4081 Fundamentals of Finance
GA 4043 Interpersonal Skills for International Management
GA4048 Consulting Project I
GA 4053 Leadership for Sustainable Development
GA 4083 Introduction to Latin American Management
GA4084 Quantitative Methods
GA 4040 Marketing
GA 4045 NAFTA Business Environment
GA4042 Elective I
GA4047 Elective II

ITESM Master in Finance candidates take the following courses:

One course of the following ITESM courses:

AD4003 Business Policy, Ethics & Corporate Social Responsibility
DS4002 Leadership for Sustainable Development

And 7 of the following ITESM courses:

FZ5004 Finance Project
S 4009 Financial Econometrics
FZ4005 Financial Economics
FZ4006 Introduction to Corporate Finance
ZF4008 Investments
FZ5000 International Financial Management
FZ4007 Advanced Corporate Finance
FZ5003 Capstone Seminar in Finance

ITESM Masters in Business Administration candidates take the following courses:

One course of the following ITESM courses:

AD4003 Business Policy, Ethics & Corporate Social Responsibility
DS4002 Leadership for Sustainable Development

And 7 of the following ITESM courses:

EC4005 Managerial Economics
CD4000 Operations Management
MT4001 Marketing Management
RH4000 Leadership and Organizational Behavior
AD4004 Competitive Strategy and Business Design
AD4005 Entrepreneurship and Intrapreneurship
AD5000 Negotiations and Decisions in Multicultural Environments
AD5001 Seminar in Transnational Management and Corporate Strategy

Master of Engineering in Engineering Management (MEM) and Master in International Business (MIB) at ITESM or Master in Business Administration (MBA) at ITESM

Candidates take the following Stevens Institute of Technology courses: