Masters in Financial Engineering

[snickerd3]

Just got an email from my almamater about a new program for a masters in financial engineering. From the curriculm list it looks like the college of engineering's version of an MBA.

 

[benbo]

I am not sure how the Eng department would do this differently than the IS, Op Research, Managmeent, Finance, or Math department.

http://en.wikipedia.org/wiki/Financial_engineering

 

[Road Guy]

financial engineering?

sounds like what enron was doing..

 

[Dexman PE]

no, Enron was playing Martha Stewart and cooking the books.

Engineering them is 100% legal... I think.

 

[SSmith]

Financial Engineering is about using computer processing capabilities to inform investment decisions. Think thinks like: options pricing, risk valuation, quants, et al.

It's a very real field with lots of money for those who are good at it. (Even more if you are bad at it based on the causes of this recession.)

 

[SSmith]

Financial Engineering is about using computer processing capabilities to inform investment decisions. Think thinks like: options pricing, risk valuation, quants, et al.
It's a very real field with lots of money for those who are good at it. (Even more if you are bad at it based on the causes of this recession.)

And finally I have put my MBA to use somewhere besides my wall.

 

[rppearso]

Oh this sounds cool, I might have to look into this, of course its pretty useless unless you can get seed money....from your engineering job lol. Once you have a seed money level job this would be good information to have.

 

[FLBuff PE]

Oh this sounds cool; I might have to look into this. Of course it's pretty useless unless you can get seed money....from your engineering job lol. Once you have a seed money level job, this would be good information to have.

Corrected.

 

[Guest]

I see what you did there. Funny.

JR

 

[NEED2009]

what school is (are) offering this degree?

 

[snickerd3]

what school is (are) offering this degree?

University of Illinois Urbana Champaign

 

[TranspoVA]

I used to work with a guy who got a masters in Engineering Management, kind of like an MBA...which begs the question why not just get an MBA...

 

[wilheldp_PE]

I used to work with a guy who got a masters in Engineering Management, kind of like an MBA...which begs the question why not just get an MBA...

I have an MEM, and it is quite different than an MBA. I had courses in project management, cost accounting, operations research, process analysis, etc. I took one economics class at the business school as an elective and I was in there with a bunch of MBA students. I wouldn't have enjoyed the MBA degree courses if they were all full of people like that econ class. They have a completely different mindset.

 

[RIP - VTEnviro]

^ I started MBA classes this term. It's nowhere near as hard technically as grad school for engineering was, but I find myself learning a lot. I actually like the large cross section of students there. A sales person vs. an MD vs. an engineer look at the same problem a lot differently and it helps you see things differently.