Stay ahead of digital transformation with a Master in Financial Engineering

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Technological advancements continue to weave themselves into the fabric of our lives with increased intensity. New and mature industries face disruption to their business models with the emergence of new technologies, requiring the expertise of professionals who can handle these 21st challenges of the century and meet the new requirements of the industry.

Along the same lines, professionals in banking, consulting, and other finance-related industries are witnessing an evolution in this changing global economy, with an increasing fusion of fields calling for talent capable of integrate the technological, human and global dimensions of finance. The rise of artificial intelligence, fintech and blockchain are among the new technologies that are disrupting the financial sector.

Professionals looking to give themselves a professional edge will want to prepare for the future with a relevant qualification, such as a postgraduate degree in financial engineering.

Your track to some of the most exciting jobs in finance

A financial engineering qualification is growing in importance and involves the practical application of mathematics to create new financial devices.

Investopedia describes financial engineering as “the use of mathematical techniques to solve financial problems”. The field involves a fusion of knowledge and tools from various fields such as computer science, statistics, economics and applied mathematics to solve current financial problems and design new and innovative financial products, whether in commercial and investment banks, insurance agencies, hedge funds. , or similar fields.

However, it is not just the financial sector that benefits from the skills and knowledge of financial engineers; almost every industry that uses financial transactions, from general businesses to e-commerce platforms, requires such expertise.

Graduates and professionals looking to explore opportunities in finance, data science, or technology may be interested in pursuing the University of California, Berkeley. Master in Financial Engineering (MFE), offered under the Haas School of Business. Here, students gain the skills, knowledge, and practical experience needed to succeed in the digital future.

Where curious minds thrive

Berkeley’s MFE program is among the highest ranked in the United States, also serving as a launch pad for student success. He was ranked first in the TFE Hours‘ Best Masters in Financial Engineering Programs and is among the top three MFE programs in the QuantNet Ranking of Masters in Financial Engineering, Quantitative Finance in North America for two consecutive years.

QuantNet provides details such as placement and admissions statistics for top programs in the region, as well as survey program administrators, recruiting managers, and quantitative finance professionals from financial institutions around the world. Its survey notes that the Berkeley MFE has an average GRE Quant of 168 among admitted students, with graduates earning a median first-year base salary of $124,000 or an average first-year total compensation of $160,083.

Financial Engineering - Haas School of BusinessThe one-year program serves as rigorous preparation for the real world. Students can expect to acquire relevant and up-to-date knowledge in financial engineering, while the school also provides students with a platform for experiential learning, which forms the core of the curriculum. For example, his 12 week internship program is a platform for students to apply the quantitative methods and theoretical frameworks learned. Whether students want to embark on a career in finance or data science, the school has successfully placed interns with leading companies such as Citibank, BlackRock, Goldman Sachs, Uber, Google, and Opendoor.

Following this, the students undergo a applied finance project which gives them hands-on industry experience. Much like a final thesis, each team writes and presents papers on their chosen topics. The project can be completed for three credits, with the project winning three credits winning a $5,000 prize for the Morgan Stanley Applied Finance Project.

Stellar program aside, the school is respected Faculty are among the thinking heads of finance. Many of them are thought leaders and practitioners of quantitative finance and data science, in addition to contributing to the development of financial instruments, software and strategies through their innovative research. Students benefit from faculty integrating their research or practice into the classroom by learning first-hand the theories and frameworks that will shape the future of industry.

Not surprisingly, Berkeley’s MFE program was ranked second in the nation last year for employment outcomes three months after graduation. Its graduates also earn among the highest starting salaries of any MFE program in the country.

Financial Engineering - Haas School of BusinessLearn from influential industry players

The MFE program is highly experiential and prospective students will have the opportunity to learn from industry experts. The school hosts weekly financial practices seminars where students can listen to speakers from renowned companies such as AQR, BlackRock, Citadel, Goldman Sachs, Opendoor, Unison, and Uber.

Seminars in the first term cover the types of jobs available to MFE graduates and the skills needed to contribute to a company’s mission, while the second term broadens the scope of students by exploring the transformations occurring in the sector. finance, developing products to meet new and evolving data and information systems needs.

Berkeley MFE students benefit from an unparalleled learning experience, with a degree that will prepare them for professional success and a global alumni network that will open doors for them around the world.

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