Financial Engineering is a multidisciplinary field involving financial theory, engineering methods, tools of Mathematics and Programming. It uses mathematical techniques to solve financial problems and is sometimes referred to as quantitative analysis. Also known as Financial Mathematics, Mathematical Finance, and Computational Finance, Financial Engineering, unlike its name, does not belong to any of the traditional fields of professional engineering. Applied Mathematics, Computer Science, Statistics and Economic Theory are all tools that are applied in this field.
A Masters in Financial Engineering teaches you how this plays a key role in the customer-driven derivatives business which encompasses quantitative modelling and programming, trading and risk managing derivative products in compliance with the regulations and liquidity requirements.
Masters in Financial Engineering is a full time program which requires minimum 30 credit hours. We are going to list down the list of courses commonly taught across all universities; however, it should be kept in mind that exact curriculum may vary a bit depending on your school.
Financial engineering involves the application of the principles of Mathematics to tackle financial issues. Some of the core subjects include:
Masters in Financial Engineering requirements for most universities in the US and Canada include submitting a GRE score. Few universities from Germany require GRE scores for a MS in Financial Engineering. However, GRE is not required for admission to Australian universities. IELTS or TOEFL is compulsory for acquiring a student visa and as a proof of English proficiency.
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