The mission of the Arditti Center is to promote excellence in teaching and research in the field of risk management and financial engineering. The Center is responsible for:
1. The design and implementation of a state-of the-art curriculum in risk management and financial engineering.
2. Maintenance and coordination of mutually beneficial relationships with the major players in the U.S. financial system.
3. Implementation of an applied research agenda for the Center, and the coordination of these efforts, in a manner that encourages innovations in the field of risk management and financial engineering.
The focal point of the Center is a curriculum well grounded in theory, applied in orientation and focused on problem solving. Consistent with Fred Arditti’s philosophy, the program will aim to produce graduates who are highly competent, well educated, and well-trained to “do things.” Further, consistent with Fred Arditti’s philosophy, the Center will play a pivotal role in bridging academia and practice. Therefore, and as part of its second mandate, the Center will conduct workshops on current topics and offer training programs in the field of financial engineering and for the benefit of the financial services community. Through its internship and cooperative programs, the Center will also act a clearinghouse to meet the needs of the industry and enhance the educational experience of the student body. The Center will also be responsible for the conduct, and coordination, of research activities. Consistent with Fed Arditti’s philosophy, the criteria for judging the Center’s success will consist of the degree of rigor, originality, and the potential for application in the research produced or sponsored by the Center.
Organizationally, the Center will consist of an endowed chairholder assisted by an associate director and an administrative assistant. Arditti Scholars, students selected to receive the Fred Arditti scholarship, will work closely with the chairholder on current research topics. The associate director will be responsible for outreach activities, scheduling events and coordination of Center programs.