Business & Management

Financial Engineering & Services

Financial Engineering (FE) has become an important subject area in modern finance due to the complexity in financial products and technology advances in the financial industry.  FE serves a crucial function in financial services.  FE combines financial economics, information technology, and fundamental sciences such as physics, chemistry, biology and mathematics.  FE also uses tools from engineering (e.g. differential equation and Fourier transform) and statistics (e.g. distributions and probabilities).  As a result, to successfully carry out FE functions, we need integrated efforts from experts of many areas.

Today's FE is an essential part of the financial industry, as risk management has become an essential part of today's economy.   Large technology companies such as IBM now actively participate risk management businesses.  Top finance schools such as MIT offer special programs to train financial engineers.  As we move further into the 21st century, interdisciplinary and integrated knowledge is more important than ever. The need for FE is also stronger than ever.  We welcome expertises from all parts of science and engineering to participating this exciting and growing area.