World leaders in financial engineering

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Financial engineering is a growing field that is coming out of its shell and gaining prominence.

Investopedia describes financial engineering as “the use of mathematical techniques to solve financial problems”. It uses a hybrid of knowledge and tools from several fields, including computer science, statistics, economics and applied mathematics, to solve current financial problems and design new and innovative financial products.

Financial engineering experts are already using their skills and knowledge in commercial and investment banks, insurance agencies, hedge funds, etc. They play important roles in risk management and investment strategywhich makes a Masters in Financial Engineering (MFE) an ideal field for undergraduate finance students or working professionals who wish to develop their expertise in the field or hope to advance their careers.

Not surprisingly, financial institutions are under pressure to adapt and evolve to meet the needs of the global technological revolution. For example, a McKinsey & Company report notes that as customer expectations rise, industries such as banking can expect changes due to technological developments and the emergence of new business models.

As financial engineering graduates are equipped with an array of skills, including the ability to solve financial problems, develop financial models, forecast stocks and other financial tools, among others, making it a valuable asset to various industries, especially those involving financial transactions. .

If your interest is piqued, here are four global universities that are leaders in financial engineering.

HAAS SCHOOL OF BUSINESS, UNIVERSITY OF CALIFORNIA BERKELEY – UNITED STATES

If you are looking to launch your career in finance, data science or technology, you may want to consider doing so at one of the most prestigious state universities in the world.

Berkeley MFE Program is offered by the Haas School of Business, which dominates the world rankings: it ranks first for the TFE Time‘ Best Masters in Financial Engineering Programs and ranked among the best schools in the QuantNet Ranking of Masters in Financial Engineering, Quantitative Finance in North America for two consecutive years.

This is not surprising as the MFE program is grounded in cutting-edge research and integrates theories, frameworks, and practical applications into a seamless learning experience. It also combines mathematical, statistical and computational methods, as well as the theoretical frameworks and institutional frameworks in which they are applied for an overall program.

To kick off, students also encounter, explore, and address real-world issues and challenges through a 12-week internship and capstone project.

Pursuing an MFE at Berkeley will prove to be a solid investment. According to QuantNet’s survey, the Berkeley MFE has an average GRE Quant of 168 among admitted students, while graduates earn an average starting base salary (excluding bonuses) of $118,322. They are also ranked second in the nation this year for employment outcomes three months after graduation.

IMPERIAL COLLEGE BUSINESS SCHOOL, IMPERIAL UNIVERSITY LONDON – UNITED KINGDOM

Imperial, ranked 9and in the Times Higher Education (THE) World University Rankings 2019is a spirited global education for graduate students.

The business school is one of the only one percent of business schools worldwide be accredited by some of the largest and most influential business school accrediting associations, including the Association to Advance Collegiate Schools of Business, the Association of MBAs, the European Quality Improvement System, and the award Athena Swan Bronze.

Imperial MSc Risk Management and Financial Engineering The program is a highly technical and quantitative one-year course that prepares students for careers in financial engineering and risk management.

Students will learn to put the latest academic thinking and business strategies into practice, led by leading practitioners and world-class faculty, while its London location and ongoing relationships with leading employers in the financial industry allow students to meet and network with leading global organizations. .

Recent examples of organizations that have supported the business school include Accenture, Amazon, Apple, McKinsey, Bank of America, Merrill Lynch, Microsoft, Morgan Stanley, etc. Proof of the prowess of the programs, no less than 91% of graduates are employed within three months of obtaining their diploma.

ROTMAN SCHOOL OF MANAGEMENT, UNIVERSITY OF TORONTO – CANADA

The University of Toronto is not only one of the best universities in Canadahe is also ranked among the best in the world at 21, according to THE World University Rankings 2019. The university one Rotman School of Management is a leading business school in Canada, ranking in the top 10 for faculty and research. They offer Risk Management and Financial Engineering as one of their majors under their MBA program.

The school notes that the Risk Management and Financial Engineering major opens up many career opportunities for students. Students will learn about the derivatives market, how to value a wide range of derivative instruments, and how instruments such as futures and options can be used for risk management.

Students will also learn about risk management from the following perspectives: a corporate treasurer who wants to hedge his exposure to interest rates, foreign exchange rates, commodity prices, etc. the point of view of a fund manager who wishes to modify the nature of his exposure to the financial markets; and the perspective of a financial institution that trades in derivatives and faces an increasingly complex regulatory environment.

Students also have the opportunity to put theory into practice through a four-month internship.

NANYANG BUSINESS SCHOOL, NANYANG TECHNOLOGICAL UNIVERSITY (NTU) – SINGAPORE

Students who wish to pursue their higher education at one of Asia’s leading universities might consider NTU. NTU is ranked 51st in the THE World University Rankings 2019 while the Nanyang Business School is considered one of the best business schools in the world, positioning itself as one of the most established and comprehensive business and management training providers In the region.

Prospective students will be encouraged to note that the school is accredited by the European Quality Improvement System (EQUIS) and the Association to Advance Collegiate Schools of Business (AACSB) – the most recognized quality assurance standards in the world. world for accounting and business education.

the MSc in Financial Engineering is an intense one-year program designed for those with a strong desire to break into the upper levels of the financial industry. The program allows students to learn from world-class faculty and seasoned industry professionals on how to implement solutions in areas such as risk management, product structuring, quantitative trading, quantitative research and financial information technology.

It is offered in conjunction with Carnegie Mellon University in the United States and helps students stay ahead of industry developments. Studying at the school means learning in an environmentally friendly campus and state-of-the-art infrastructure. Its 200-hectare campus of gardens has often been named among the 15 most beautiful in the world, notes THE.

*Some of the universities featured in this article are business partners of Study International

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