MASTER OF FINANCIAL ENGINEERING - ABOUT
Modern Investment Finance is very much dependent on the implementations of the theories and techniques of financial engineering. Financial Engineering has emerged as a very prospective career prospect for people with strong mathematical background like those coming from engineering, mathematics, statistics, physics or econometrics background. The best of the global financial institutions like Investment Banks, Hedge Funds, etc. hire people having strong quantitative skills for "Quant" jobs.
This is also a very rewarding and exciting career option for such people as there is ample scope for applying their numerical and creative skills to design new things, be it like devicing new investment strategies or be it structuring new financial instruments or be it finding methods to value them.
The Master of Financial Engineering (MFE) program prepares students for technically sophisticated jobs with financial institutions, financial service providers, financial consulting services and financial software companies. The program is intended for students seeking comprehensive technical knowledge of vanilla and exotic derivatives pricing, hedging, trading and investment strategies and portfolio management in equity, currency, interest rates, credit, etc.
The combination of skills imparted through this program viz. understanding of complex financial theories, rigorous exposure to the underlying mathematical and statistical theories, practical financial modeling ability and computer implementation proficiency, is in high demand in the industry, and which the employers do not generally find in graduates of standard MBA programs.