Career as a Financial Engineer


Summary

The Financial Engineers are specialists making use of mathematical formulas, programming and engineering methods in financial theories, and analyses market trends to build data-backed financial models. Financial Engineer use computational and mathematical finance knowledge to determine the potential and risks of a financial investment instrument.

Companies often employ people with advanced degree in Financial Engineering and these specialists work as investment managers, bankers or traders using their financial engineering background to improve the quality of existing investment products.

Most of the Financial Engineers work in the field of financial risk management and as financial analyst with the knowledge of computer simulations and market trends, the engineer helps to develop profitable investment plans for individuals and companies. As a financial analyst, the financial engineer creates real-time financial simulations to predict the future behavior of the market.

The primary responsibility of a financial engineer is to have thorough knowledge of financial markets, its volatility and knowledge of financial theories. This knowledge is used by engineers to develop simulations and predict market behavior. Of course, the predictions aren’t always accurate, any unexpected issue may happen in the financial market but the risk potential reduces. Since a financial engineer knows about market trends and previous market performances, the knowledge is used to make future investment predictions.

Work Environment

Financial Engineer bears tremendous responsibility for the financial performance of an investment or corporate firm. Consequently, this is a high-stress job that requires fast decision making and utmost confidence. Most financial analysts work in typical corporate offices. They often spend considerable time on the phone calling experts, other analysts, and prospective trading partners. Some Financial Analysts also travel to meet with investment bankers, Clevel executives, and other professionals in the industry.

Entry Level Education

  • Bachelor of Computational Finance (BCF).
  • Bachelor's’ Degree in Engineering with specialization in Electrical, Computer Science or Mechanical, Operation Research, Applied Mathematics, Mathematics or Theoretical Physics.
  • Masters’ in Financial Engineering (MFE), M.Sc. in Financial Engineering.
  • Certificate in Financial Engineering & Risk Management (CFERM).

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