Monday, December 14, 2020

UNAM de México opens specialization in Financial Engineering

Key facts:
The offer is aimed at graduates in mathematics, engineering or the like.
Topics related to cryptocurrencies, tokens and blockchains will be dictated.

The National Autonomous University of Mexico (UNAM) updated its academic offerings for graduate studies to include a specialization in Financial Engineering. The study center reported that the intention of the new program is to train professionals with a theoretical-analytical approach based on mathematical models.

The institution aims for graduates to be trained to analyze problems and provide solutions in the financial field, with "a critical spirit, professional ethics and awareness of the national reality," according to the university in a statement.

The program will last two semesters for full-time students and four semesters for part-time students. Applicants must complete 52 credits to qualify for the Financial Engineering degree.

According to the study center, the offer is aimed at students who have studied engineering, mathematics and actuarial science (statistical and mathematical models). Graduates of other related careers may also apply.

«Graduates will be able to evaluate the profitability of public and private companies, develop financing strategies; design, develop and implement innovative financial instruments and processes; design investment portfolios, measure financial risk, among others, "explained UNAM.

Although the statement does not speak directly about issues related to cryptocurrencies such as bitcoin or blockchains, a press report assured that the specialization will be the first to incorporate issues related to the bitcoin ecosystem.

The study plan was developed in conjunction with the Faculty of Engineering, the Faculty of Sciences, Law and Higher Studies. In addition, the university opened three other specializations on gender studies, groundwater, exploration and exploitation of geothermal resources.

UNAM is one of the most important universities in Latin America with more than 360,000 students. It currently has 41 graduate programs, 92 master's and doctoral study plans, and 42 specialization programs.

The specialization in Financial Engineering would meet a potential demand for professionals trained for a new reality that includes cryptocurrencies and the use of the so-called distributed ledger technology (DLT), better known as blockchain.

According to a study by the research firm Ponemon, 4 out of 10 companies in Mexico welcome the use of blockchains and cryptocurrencies, according to a report released in October by CriptoNoticias. The analysis determined that the interest shown in the Mexican case was higher than the results obtained on a global scale.

Potential use cases in the Aztec economy also include: wallets, identity projects, supply chain, the development of smart contracts (programmable transactions), asset management and transactions.