<p>Do you need an undergraduate degree in some sort of businiess? I looked at the prerequisite requirement for Master's in Financial engineering at several schools and it seems like you only need some knowledge of Calculus, probability, statistics, linear algebra and such. Do many people do this? How's the job outlook?</p>
<p>Financial engineering is not a type of “real” engineering.</p>
<p>yep I’m an idiot haha… just posted this in a different forum
I can’t delete this thread? :(</p>
<p>From what I hear, the most prefer Math and CS undergrads. Also, the job outlook from around the top 15 schools is great, and then after that not so much (again, just what I’ve heard). The top 15 schools are also very selective though. Generally 3.6+ GPAs from top undergrad schools with degrees in Math, CS, and Engineering, 800 Quant GRE, and straight As in Math courses.</p>
<p>^ lol 4/5’s not bad, right?</p>
<p>Ever heard of the subprime crisis? How about a financial derivative? Credit default swaps?</p>
<p>All, courtesy of your finest financial engineers.</p>
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<p>… playing withing the sandbox defined by the political class</p>
<p>“^ lol 4/5’s not bad, right?”</p>
<p>What did I say wrong?</p>
<p>financial engineering, what a joke. why do they even call this engineering? engineering is based on concrete concepts. financial engineering is mostly about creating mathematical models trying to beat/predict/play the market. oh and don’t forget to thank this “field” for the current crisis.</p>
<p>Check out this book called Quants on amazon :rolleyes:</p>
<p>“What did I say wrong?”
- Nothing. I was just somewhat self-depreciatively implying that my institution, Auburn University, is not very well ranked, although the other criteria you mention apply to me. In hindsight, you guys don’t know enough about me to have got that “joke”, so I humbly retract the aforementioned attempt at humor.</p>
<p>Really I think that “financial engineering” has every right to be called engineering unless there is some real objection to it. Why is what “financial engineers” do not “engineering”? It seems like you could at least roughly call financial engineers “engineers” in the sense that they apply a science, economics, to make complex products and develop complex processes… how are they so different from industrial engineers, for instance?</p>
<p>I guess one could argue that industrial engineers, software engineers, and financial engineers aren’t engineers because they don’t weld, solder, or mix cement (mech/aero, elec/comp, cive) but that definition of engineering seems pretty narrow.</p>
<p>Regardless what a “financial engineer” does, there is NOTHING weak about the study of stochastic calculus and martingales.</p>
<p>janitors need to be called sanitation engineers :D</p>