Financial Engineering Courses

The financial industry has become increasingly volatile and complex because of which it is highly crucial for the financial system to be efficient in order to stimulate economic development. Specialists and professionals with a strong analytical background along with the ability to understand the potential innovations required are in great demand. The Financial Engineering courses allow individuals to deal with the creation of new and improved financial models through creative design and amending the existing financial instruments. Moreover, it plays a very important role in increasing the finance source to meet the demand of investors.

But, before you directly jump into what all courses have to offer, it is necessary for you to first understand what exactly is this Financial Engineering, because this is something different than those traditional engineering courses like Computer Science Engineering, Electronics and Communication Engineering, Electrical Engineering, Civil Engineering, etc.

Also Read: About Finance

What is Financial Engineering?

Financial Engineering is a science-based multidisciplinary course offering the use of mathematical finance and computational knowledge to determine the potential risks of financial investment instrument and the ways to manage it. The study of financial engineering is applicable to financial regulation, portfolio management, trading, and structured products. Professionals in financial engineering, often known as “quants” use mathematical formulas, engineering, and programming methods in financial theories to analyze the market trends. With this, they are able to construct data-backed financial models.

Responsibilities of a Financial Engineer

The following are the responsibilities of Financial Engineer:

• Analyse the market behaviour and changing trends
• Create and develop real-time financial simulating models
• Generate accurate marketing prediction using the simulation model
• Build profitable investment plans for individuals and organisations.
• Advice and counsel governments with market economies.

Why Study Financial Engineering Courses

The field of finance attracts engineers because of its glamour and the high compensation packages it provides. Therefore it is interesting to identify the reasons for students to explore courses in financial engineering. Some of the reasons to pursue Financial Engineering courses are:

• Top universities and business schools are offering a world-class academic qualification in financial engineering. These educational foundations are globally recognised, making it easy for students to opt for developing courses.
• Financial engineers, who possess computer expertise and deep mathematical modelling skills are in demand because of the growing financial industries all over the world.
• The course offers students to develop advanced mathematical calculations and expertise in financial management.
• Knowledge of the world financial market, allows individuals to take advantage of improving their own financial health.

Financial Engineering: Essential Skills

There is a range of skills to develop in order to establish a lucrative career in financial engineering.

• Communication Skills: To move ahead in the career ladder, it’s important to have an articulate communicative nature. A financial engineer is supposed to be spontaneous, inquisitive and outgoing. You need not be someone who is a refined speaker, but all you need is to put your ideas and thoughts clearly. English is known to be the universal language for business and finance, therefore it is important to have a proficiency in the language.
• Programming: A financial engineer must have the knowledge and expertise in programming languages such as Hadoop, Java, .NET, C++, Python, Perl, C#, MATLAB etc which will help in grabbing better job opportunities.
• Mathematics: It is vital to have your mathematical concepts clear when planning a career in financial engineering. Expertise in linear algebra, spatial geometry, stochastic calculus, and differential equations are some of the major mathematical disciplines very important for a financial engineer in developing simulating financial models.
• Finance and Economics: These two courses aren’t really that important when it comes to quantitative trading, however, they definitely give a financial engineer a well-developed and constructive approach towards the finance market.
• Updated with Information: A financial engineer is required to understand the finance market and develop predictive financial models. Therefore, it becomes crucial for a professional to always be updated with the latest market trends through active reading and extracting information.

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Financial Engineering Courses

There are opportunities abound for students who are efficient with numbers and business and are aspiring to develop their skills and expertise in the field of financial engineering. Below is a list of major Financial Engineering courses that you can invest in:

Bachelor’s Degree

• BSc in Financial Engineering
• BSc (Hons) in Financial Engineering
• BBA in Financial Engineering
• Bachelor in Banking and Financial Engineering

Master’s Degree

• MSc in Financial Engineering
• MSc in Financial Engineering and Risk Management
• MBA in Financial Engineering
• MF in Financial Engineering
• Master in Financial Engineering
• MEng in Financial Engineering
• MA in Financial Engineering
• PhD in Finance
• PhD in Financial Management
• PhD in Accounting

Financial Engineering Syllabus

Syllabus for financial engineering could vary depending on the university. The basic topics in the syllabus are as follows:

• Asset Management
• Computation and Programming
• Computational Finance/ Trading Systems
• Derivatives
• Finance and Economics
• Financial Technology
• Machine Learning for Financial Engineering

Eligibility Criteria

1. The applicant must have completed 10+2 or equivalent.
2. A bachelor’s degree in business administration or an undergraduate degree in a related field of a recognized standing deemed equivalent by the program administration.
3. A minimum work experience of 2 years and an updated CV/resume. (* this may be preferred, but not compulsory in all the universities)
4. IELTS or TOEFL score
5. Cambridge CPE, PTE or CPA score (* this may vary from country to country and university to university)
6. GMAT/GRE
7. Transcript or certified copies of all the degrees.

Note: These are some basic requirement, which may differ in various universities. However, it is always recommended to check with the university page directly. In case you are still confused, you can reach to the experts at Leverage Edu, who will help you understand all the eligibility requirement in detail.

Top Universities for Financial Engineering Courses

Here is a list of globally recognised universities and colleges offering financial engineering courses to aspiring students across the world.

Universities QS World Ranking 2023
University of California, Berkeley 27
Imperial College London 6
University of California, Los Angeles 44
University of Manchester 28
University of Essex 465
Nanyang Technological University 19
University of Liverpool 190
Pace University N/A
York University 162
HEC Montreal N/A

Job Opportunities

The growth in the financial industry demands skilled professionals who can help in accurately determining the next big step in the investing practices. Therefore, gaining an academic qualification in financial engineering along with developed expertise, you can readily go for the following list of job opportunities:

Job Profile Avg. Salary
Account Manager 5.6 Lakh
Investment Banker 12 Lakh
Accountant 4 Lakh
Financial Analyst 4.5 Lakh
Risk Manager 8.8 Lakh
Asset Manager 9.2 Lakh

A career in financial engineering has immense potential because of the growing financial market worldwide. If you’re enthusiastic to use your mathematical and scientific knowledge in the finance industry, go for financial engineering courses. Also, the experts at Leverage Edu are here to help you choose a university perfect for your career in finance.