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Center for Financial Studies
Fosters high-quality research and learning.
The Center for Financial Studies (CFS) of the Lally School of Management strives to foster highest-quality research and learning in the fields of financial engineering, risk management, corporate finance, financial intermediation, and capital markets. To that end, the Center produces industry events, hosts and participates in national competitions, provides professional training and data repositories, conducts workshops, and guides research opportunities.
Vision, Mission, and SMART Strategy
- Synergistic collaboration among Lally and non-Lally constituents, through CFS-based faculty affiliations and industry-partnered projects
- Meaningful dissemination and sharing of knowledge and discovery that can impact the best practices, through topic-specific workshops and CFS participation
- Advancement of the technological infrastructure of CFS (in hardware, software, and data access) to facilitate comprehensive solutions to financial problems
- Raising the awareness of CFS among all students to promote wider participation for industry exposure and knowledge discovery, and in leveraging existing technological skills in a wider student population
- Training, education, and certification of young talent in facing and mitigating tomorrow's challenges in the global financial landscape.
Research, Support, and Partnerships
- Workshops and seminars
- Interaction with industry and professional bodies
- A repository for financial data, software, and other research-related facilities at the Lally School
- Technology and computer lab
- Financial and statistics software
- Trading lab, access to a variety of financial databases, and literature
- Bloomberg terminal
- Professional organizations
- IAQF: International Association for Quantitative Finance
- GARP: Global Association of Risk Professional
- CQA Investment Challenge
- Industry speaker series
- Career fair (IAQF - end of October)
- GARP events
CFS Seminars: Research Series, Industry Speaker Series
- May 5, 2017 - Quantitative Finance and Risk Analytics Workshop 2017. In this one-day workshop, hosted by the Center for Financial Studies (CFS), attendees will learn and network with top academics and industry experts in the financial industry, specifically in the areas of quantitative investments and risk management. The event will be held in the Center for Biotechnology and Interdisciplinary Studies, Howard Isermann ’42 Auditorium, at Rensselaer Polytechnic Institute, Troy Campus. Register via the event page here.
CFS Research Series Seminars
- March 29, 2017 - “The Multilayer Structure of the Financial System," with Dror Kenett, Ph.D., U.S. Department of the Treasury, Office of Financial Research, Washington, D.C. The event will be held on the Rensselaer campus, Pittsburgh Building #4206, from 2:00 to 3:30 p.m.
- March 3, 2017 - "Credit Default Swaps and Bond Issuance Cost,” with Cihan Uzmanoglu, Ph.D., School of Management, SUNY Binghamton University, Binghamton, N.Y.
- February 22, 2017 - “Interest Rate Swap Market Complexity and Its Volatility Implication,” with Steve Yang, Ph.D., School of Systems and Enterprises, Steven Institute of Technology, Hoboken, N.J.
- February 17, 2017 - “Volatility Forecasting: The Role of Internet Search Activity and Implied Volatility,” with Marketa Wolfe, Ph.D., Department of Economics, Skidmore College, Saratoga Springs, N.Y.
- January 31, 2017 - "Real Activities Management and Volatility of Operating Cash Flows: The Impact of Enterprise Systems,” with Alfred Liu, Ph.D., School of Business, University of Albany, Albany, N.Y.
- November 10, 2016 - "A New Non-Convex Optimization Approach (HOPE) for High Dimensional Regression in Genomic Subset Selection,” with Professor Yuji Nakagawa, Faculty of Informatics, Kansai University, Osaka, Japan.
- November 10, 2016 - "Product Market Peers in Lending: Information Processing Efficiencies and Proprietary Costs,” with Gaetano Gus De Franco, Ph.D., B. Freeman School of Business, Tulane University, New Orleans, La.
- November 9, 2016 - “The Value of Hot News: Intellectual Property and the Sell-Side Research Industry,” with Jonathan E. Clarke, Ph.D., Scheller College of Business, Georgia Institute of Technology, Atlanta, Ga.
- November 2, 2016 - "CAP COM, A Case Study for Success," with Ms. Paula Stopera, President / CEO, CAP COM Federal Credit Union.
CFS Industry Speaker Series Seminars
- April 19, 2017 - “Energy Sector: Opportunities and Challenges in Electric Industry Sector is a Vital Part of Every Economy, ” with Ms. Narmada Nanjundan, Director of Risk, East Kentucky Power Cooperative, Winchester, KY. The event is from 2:00 to 3:00 p.m. in Low 3051, Rensselaer Campus.
- March 8, 2017 - “Holistic Cognitive Banking: Knowledge Digitalization is the Next Asset Class, ” with Mr. Paolo Sironi, FinTech Thought Leader, IBM Watson Financial Services, Frankfurt, Germany.
- March 1, 2017 - “Factor Models in Equity Portfolio Management,” with Dr. Vijay Chopra, managing director of international equities, Lebenthal Asset Management, New York, N.Y.
- October 26, 2016 - "Leveraging Modeling and Analytical Techniques for Credit Card Business,” with Mr. Sharad Kumar ’02.
- October 18, 2016 - "Preparing for a Risk Career," with Dr. Lisa S. Ponti, Head of Academic and Regulatory Outreach, Global Association of Risk Professionals.
CFS Training Opportunities
- Computer lab access - Gain knowledge and practice in the latest finance hardware and software
- Bloomberg terminal/training - Bloomberg terminal access/training helps enhance research practices and improve analysis of data and market-moving events for students from a wide range of disciplines. Students benefit from integrating theory with real-world practice.
- Certifications - Financial Risk Manager (FRM), Chartered Financial Analyst (CFA), Chartered Alternative Investment Analyst (CAIA)
Student Challenges and Competitions
- CFS Financial Modeling Competition
- IAQF Modeling Competition (National-level event)
- CQA Challenge (National-level event)
- GARP Masters Research Fellowship (International opportunity)
- CFA Research Challenge and CAIA activities
- The Buttonwood Debate
Affiliations: Faculty and Industry