From the Classroom to the Trading Floor

There is no single, clearly defined education path for entering the derivatives industry as professionals come from a range of academic backgrounds. Still, higher education plays a crucial role in preparing students for success in this complex and fast-evolving field. A strong foundation in finance, economics, and mathematics is essential. At the undergraduate level, students should prioritize courses in financial markets and institutions, investment analysis, corporate finance, and introductory derivatives. Just as important are courses in statistics and calculus, which help build the analytical and quantitative skills required for understanding pricing models, volatility, and risk management strategies. With the increasing reliance on algorithmic trading and quantitative research, a concentration or minor in applied mathematics, data science, or computer programming can provide a competitive edge. Where Futures Are Forged: DePaul Alumni making a footprint DePaul University boasts a strong track record of alumni who have gone on to hold prominent positions across the derivatives industry. Graduates of the MS in Finance program and related disciplines have built successful careers at leading exchanges, brokerage firms, hedge funds, and regulatory bodies. Many have advanced to leadership roles in trading, risk management, product development, and financial innovation. Their achievements underscore the strength of DePaul’s academic foundation, its strategic location in Chicago’s financial hub, and the university’s deep ties to the industry. The alumni featured below illustrate the caliber of DePaul graduates and the influence they have had across the derivatives landscape. DePaul alumni active in the Derivatives Industry Tom Anderson, ADMIS, Sr. Vice-President – BS (Accounting) 1987 Makenzie Billings, Marex, Director of IB Clearing – BS (Commerce) 2008 Joanna Cioromski, CME Group, Senior Sales Associate – BS (Finance) 2013 Kathleen Clapper, NFA, Managing Director, Head of Futures Compliance – MBA (Financial Management and Control) 2012 Yesenia Diaz, Liccar Fund Services, Sr. Tax Analyst – BS (Commerce/Acctg) 1998 Todd Fulton, R.J. O’Brien, Sr. Vice President – Philosophy/English 1986-1990 Tom Hennessey, Wedbush, Accountant – BS (Finance) 1985 Catie Lee, ADMIS, Director of Marketing – MBA, 1988 Dr. Carl Luft, Professor Emeritus, Finance – BSC 1977; MBA 1979 Rich Mackey, Prime Brokerage, CEO – BS (Finance) 1985 Daniel Manriquez, J.D., Daniel.Markets, Founder – BSC 2012; MBA 2018 Racha Mathur, Eurex, Executive Director, Sales – MA (Economics) 2000 Robert Pauly, Eurex, Intern, Sales – BA (Economics) 2025 Brian Poronsky, Katten Muchin, Partner – BS 2002 John Roe, Roe Capital, Founding Partner – BS 1998 Giancarlo Saraceno, EdgeClear, Senior Broker – BS (Finance) 2021 Melissa Schiffman, Michael Coglianese, CPA, Accountant – MBA (Finance) 2001 Dr. Mark Shore, CME Group, Economist – DBA (Business Administration) 2024 Ryan Turner, +500, Director of Sales – BA (Liberal Arts/Social Science) 2007 Preparing for a complex market At the graduate level, a Master's in Finance, Financial Engineering, or Mathematical Finance, can significantly enhance job prospects in the derivatives industry. These programs typically offer advanced training in derivatives pricing, risk-management, and econometrics. Familiarity with platforms such as Bloomberg, MATLAB, or Python-based quant libraries is increasingly expected in both trading and risk-management roles. Professional certifications, such as the CFA (Chartered Financial Analyst) or FRM (Financial Risk Manager), further strengthen a candidate's profile, particularly for roles in portfolio management, compliance, or risk control. DePaul University’s MS in Finance program aligns closely with this ideal educational trajectory. Located in the heart of Chicago’s financial district, the program offers students direct access to one of the world’s most active derivatives markets and proximity to key institutions like the CME Group and Cboe. The curriculum includes advanced coursework in derivatives, risk-management, investments, and corporate finance, while emphasizing practical applications through case studies, real-time trading simulations, and hands-on use of Bloomberg Terminals and financial databases. Elective courses provide further depth for students targeting careers in trading, risk analysis, or structured products. Moreover, DePaul’s strong ties with industry through the Arditti Center for Risk Management and partnerships with organizations like the National Introducing Brokers Association (NIBA) and the Global Association of Risk Professionals (GARP) provide valuable networking and experiential learning opportunities. The MS in Finance program not only equips students with rigorous analytical training but also offers pathways to internships and full-time roles in various organizations, making it an ideal launchpad for careers in the derivatives space. DePaul is committed to experiential learning and industry integration; hallmarks of a program designed to prepare graduates for high-impact careers in trading, risk management, and financial innovation. As part of this mission and building on the university’s longstanding relationship with the National Introducing Brokers Association (NIBA), DePaul is proud to host the NIBA Annual Symposium on July 17. This year’s symposium will spotlight the “CTA connection,” emphasizing the pivotal role Commodity Trading Advisors play in today’s evolving derivatives and risk management landscape. For students in the MS in Finance program, the event presents a valuable opportunity to engage with industry leaders, gain firsthand insights into market dynamics, and expand their professional networks, all in the heart of Chicago’s financial district. From theory to practice DePaul University bridges the gap between academic preparation and real-world impact. Whether through advanced coursework, exposure to leading industry voices, or the powerful network of alumni shaping the derivatives markets, students are immersed in a learning environment that reflects the pace and precision of modern finance. With Chicago as both classroom and career springboard, DePaul’s MS in Finance program offers more than a degree; it delivers a launchpad for future leaders in trading, risk, and financial innovation. Article Contributed by: Dr. Peter Westin Contact Dr. Westin

From the Classroom to the Trading Floor

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