Diploma News

Financial Engineering/Financial Mathematics
1. Baruch College Financial Engineering; 2. 2. Carnegie Mellon University, Computational Finance; 3. Princeton University, Finance; 4. Columbia University, Financial Engineering; 5. University of California, Berkeley, Financial Engineering; 6. Financial Engineering, Cornell University; 7. Financial Mathematics, Columbia University; 8. New York University, Financial Engineering; 9. University of Chicago, Financial Mathematics; 10. Georgia Institute of Technology, Quantitative and Computational Finance.

Financial Engineering/Financial Mathematics (hereinafter referred to as "metalworking") is a discipline that builds financial models to solve financial problems on the basis and tools of mathematics and computer knowledge. Metalworking is a combination of finance, mathematics, and computer science. It is usually taught by faculty from the business School, the mathematics department of the College of Arts and Sciences, and the College of Engineering, with a focus on finance. Many metalworking projects are called 'Quantitative Finance' or 'Computational Finance' by other names, but the essence is the same.
Not many schools offer financial engineering, with just over 30 of the top 100 schools in USNEWS offering it. Some financial engineering is set under the school of Engineering, some under the business school, some in the college of arts and Sciences, but the requirements for students are similar, they all require students to have relatively strong mathematical and computer skills. Most schools generally require students to have taken linear algebra, advanced calculus, differential equations, probability statistics, C++, MATLAB, etc. Some schools also have requirements on learning time and scores, which shows that the metalworking course requirements are relatively high. On the whole, the admission rate of financial engineering is low, and the requirements for students' abilities in all aspects are high.
Financial engineering students can choose from a wide variety of jobs after graduation, and the starting salaries are very high, with graduates from elite universities earning up to $100,000. At present, we choose more mainly some well-known consulting companies such as Bain Consulting; Banks such as Citibank; Other companies, such as insurance companies, government agencies, etc., also have many metalworking students.