Financial engineering is a multidisciplinary field that involves the application of technical methods, especially from mathematical finance and computational finance, in the practice of finance. It uses tools and knowledge from the fields of computer science, statistics, economics, and applied mathematics to address current financial issues as well as to devise new and innovative financial products. Financial engineering is sometimes referred to as quantitative analysis and is used by regular commercial banks, investment banks, insurance agencies, and hedge funds.

Key features of financial engineering include:

• Mathematical techniques: Financial engineering uses mathematical techniques to solve financial problems. It involves converting financial theories into practical applications in the financial world.

• Multidisciplinary approach: Financial engineering is a multidisciplinary field that integrates and utilizes information obtained from different fields, such as economics, mathematics, computer science, and financial theory.

• Innovative financial products: Financial engineering is used to develop new and innovative financial products, such as new methods of investment analysis, new debt offerings, new investments, new trading strategies, and new financial models.

Financial engineering graduates benefit from rapid job acceptances, and their strong math, data science, and programming skills are sought after in many industries. Financial engineers work in a variety of financial institutions, including hedge funds, banks, asset management firms, trading companies, and investment firms.