What Is Financial Engineering?

• Financial engineering is the application of mathematical methods to the solution of problems in finance.
• It is also known as financial mathematics, mathematical finance, and computational finance.
• Financial engineering draws on tools from applied mathematics, computer science, statistics, and economic theory.
• Investment banks, commercial banks, hedge funds, Fintech companies, insurance companies, corporate treasuries, and regulatory agencies employ financial engineers.
• These businesses apply the methods of financial engineering to such problems as new product development, derivative securities valuation, portfolio structuring, risk management, and scenario simulation.
• Financial Engineers, having built a very strong foundation of skills, are also able to succeed in Data Science, ML/AI and Developer roles. 
• Quantitative analysis has brought innovation, efficiency and rigor to financial markets and to the investment process.
• As the pace of financial innovation accelerates, the need for highly qualified people with specific training in financial engineering continues to grow in all market environments.