My dad wants me to go into financial engineering after I’m done economics I’m not a math guy but I’m down to work hard at it and improve my math skills
Hi, i hope my question finds you well. I’m about to major in accounting and finance in an undergraduate program in Australia, and unlike USA the program only run for 3 years. Although our school does provide us a chance to take some quantitative subjects (mostly statistical, econometrics 1 & 2), we are not required to take the “hard” maths subjects (cal 1&2, linear algebra, statistic and probability). Therefore depending on my circumstances, do you think i could get into MFE just by completing the “soft” maths subjects? Or alternatively by completing all the “hard” maths subjects. BTW I’m currently self-studying python so ; )
haha courses materials in the program is kind of confidential, but you can certainly find the program structure from the official website. For example the program for UCB can be found at mfe.berkeley.edu/
Yes definitely , the course which I am about to talk about by IIQF is for programmers as well as non programmers. All you need to have is the -willingness and zeal to learn. Since, modern investment finance is heavily reliant on the application of financial engineering theories and techniques. Financial Engineering, also known as Quantitative Finance, is a multidisciplinary field that involves the application of theories from financial economics, physics, mathematics, probability, statistics, operations research, and econometrics to solve investment finance problems using engineering methods and tools and computer programming practice. C++ has traditionally been the language of choice for Quant implementations, along with tools such as Matlab, Mathematica, Stata, and others, but Python has recently gained popularity. Financial engineering has emerged as a very promising career path for people with strong mathematical backgrounds, such as those with degrees in engineering, mathematics, statistics, physics, or econometrics. The best global financial institutions, such as Investment Banks and Hedge Funds, hire people with strong quantitative skills for what are known as "Quant" jobs in the industry. This is also a very rewarding and exciting career option for such people because there is a lot of room for them to use their numerical and creative skills to design new things, whether it's devising new investment strategies, structuring new financial instruments, or determining how to value them. Furthermore, if you have a strong mathematical bent of mind and are bored with your regular finance or IT jobs, these are jobs that involve high-end analytics and will always allow you to do research-oriented, exciting, and intellectually challenging jobs in International Banks and Hedge Funds. The Certificate Program in Financial Engineering (CPFE) is one of the most comprehensive certificate programs available globally, covering a wide range of topics in depth both theoretically and practically. This course covers comprehensive theory as well as practical model building in Python for machine learning, derivative instrument pricing, and financial risk. So, whether you are a beginner looking to break into Quantitative Investment Banking or Risk Management, or a seasoned professional looking to learn the domain in depth to advance your career, this is the program for you. Most general finance courses focus solely on corporate finance and do not cover Financial Engineering or Risk Management topics, leaving a significant gap between industry requirements and available trained resources. This course, with its extensive coverage, aims to close this gap. Besides this being a weekend course, it is ideal for working professionals who want to continue their education without having to leave their current jobs. Visit website for more details on course: www.iiqf.org/courses/certificate-program-applied-mathematical-finance-engineers.html
Is the course at IIQF provides the competance and is that good as i want to pursue the course in Quantitative finance or Actuary Finance for which course i should go and which institute is best.I have done Masters in Mathematics and Scientific Computing in 2021.
Hello, I have been searching programs for financial engineering and I came across something called Fintech...Could anyone tell me if fintech is different from financial engineering ? if yes, how?? I am not from finance background.
"There're are more programming towards algorithms and calculations like a statistician" . Just checking, when you say "There're", do you mean "They are" (They're)? Just curious and helping you with the video edits! :)
Thanks bud for the video,gave me a good insight into MSFE. I have graduated in Electronics Engg.Most of the calculus courses(applied Mathematics) u mentioned have been covered in my Engineering program,will it suffice?Or do I need to do these courses separately,also I haven't scored much in these maths courses while in engineering, kinda have a low GPA Next thing ,I have got a job in IT in a service based company (more like software engg). Will this experience count for me to get into MSFE program?will it make my profile any stronger? I still haven't joined the company. should I go for masters directly,or do the job for a while and then Masters?
Sounds cool, is this the 'quant,' scraping pennies on wall street job? Almost sounds like data science, does everyone build bots for stocks? How often does it work?
Hey Kevin, as far as math and programming go in your experience with your MFE program, how often did you program, apply Calculus (partial integrals, series, etc), and Statistics/Econometrics? I work in structured finance now and want to enroll in a MFE program, but I know I'm a bit weak on the calc side while having a strong background in stat and programming. Because I graduated with an econ degree rather than engineering or math, I've been taking calculus courses and now taking linear algebra, but I'm still a bit concerned because I seriously struggled through calc II.
When I was in MFE, I program all the time. Using Matlab/Python/R/C++ to write codes and implement algorithms. So you do need to get comfortable with basic programming. I had an econ degree too but I was taking many math/stat courses.
Hey Kevin, that was very helpful.. I hope you can help me I was searching for program which would help me to get into equity research....I did not found this program so relevant to that... Could you suggest me any program for that?
Hi Kevin, thanks for the video. I am looking to enter into a Electrical and Computer Engineering Undergraduate program. Do you think I need to take a finance minor to supplement the B.S. in engineering if I want to apply to an MFE program such as Columbia? I've worked at a small retail brokerage firm for 12 years. Thanks!
I think getting a finance minor certainly helps. You need an understanding of both finance and math/stat/programming to make a strong profile. Good luck!
Hi Kevin, I'm currently studying physics and I did a course on C++ but I just managed to passed it, other than that I excel in math and the rest of my course. My question is whether it's possible for me to still pursue this course even though I have such a poor command towards these computer languages?
you should be picking up programming skills along the way in the program, and it's not the software engineer type of programming. Instead it's more on implementing algorithms in a computer program, so don't worry too much about it
I have completed my Bachelors in Engg, Now i am planning for CFA Level 1 and after that I am planning to learn Programming languages too. Will job experience in IT field as a developer will boost my profile? Please guide me.
Great video! I'm interesting in financial engineering, currently getting a BSC in Economics with a minor in Math, as well at least some level of CFA, will thus suffice?
I think you need to work more on your analytical background. A minor in math may not be enough. You might need to take more advanced math/stat courses and get some programming background. Good luck!
Kevin Yang I see, would a physics major be better perhaps? I have the summer to decide my major, and I really like physics as well, but it's pretty hard but it would give me the analytical background needed.
haha Physics would help for sure. I had a classmate of mine majoring in physics who get admitted to MFE program. But be aware to keep yourself well-rounded between math/stat/programming/finance.
Hey, econ grad here from UMD-College Park, currently working in structured finance and preparing for a financial engineering program. I have previously taken econometrics and lots of statistics courses with some programming e.g. R programming and C++. Now I am taking prereqs for an MFE program which include Calc III, Diff EQ, and Linear Algebra. It's definitely been a struggle for me to get to this level as my only calc experience in undergrad was business calculus, but luckily, with some persistence and being pretty decent at math, I'm almost done with my prereqs. I agree with Kevin that coming from math heavy majors like engineering, math, and physics will help you tremendously. Had I decided to go for the financial engineering field while in undergrad, I definitely would have signed up for more calculus courses
to be frank, the program is just getting you started. There are 80% more things to learn once you land a real job in finance. Never stops learning! only after I graduated did I realize how little I knew...
Hi Kevin, I am a CPA from NZ working with a big four at a process improvement consulting role. I have a BBA majoring in finance and hold a minor in economics. Do you think my background is sufficient for a full-fledged course and career as a financial engineer? My concern stems from the fact that most FinEngg belong to a more quant-heavy background. I wish to join a bank or fund manager in Singapore or Sydney after completion since the financial services sector still premature in NZ. Thanks in advance!
Yes you would need to prove you are prepared for a quant-heavy study. However to become a fund manager or working in a bank, it may not require that much of a quant skill. You may also check out some other master's program that's not so quant-heavy, such as MIT's master's in finance. Good luck!
Hello kevin, I am a commerce student and a CFA level 1 candidate and don’t have much of analytical background so far , i am interested in financial engineering , will i be able to cope with the program ?
Hey Jugal, just a FYI, the CFA is not the same as financial engineering nor is the CFA as math heavy as financial engineering from my studies and research so unless you have a background in taking advanced math courses, it's hard to conclude whether or not you could cope with any engineering program
Hi Kevin, I've zero knowledge of accounting, but i'm a computer science graduate. Also, I'm not interested in learning accounting, so is it possible for a guy like me to pursue this course? Basically, what i'm asking is, if the program requires any accounting concepts at all, and if it does, could u just give an example of the level of accounting knowledge required. Thanks.
Hi deshu k, great question. In our program we do have one course in accounting specifically designed for derivatives accounting. That being said, understanding the basics of accounting is essential to understanding derivatives accounting. Although accounting isn't the focus of the program, knowing that certainly helps not just your GPA, but your future work in finance as well. Since the MFE program is challenging for most people, why not take accounting as one challenge? Good luck!
Hey Deshu, just adding my 2 cents to confirm what Kevin is saying, almost everyone I work with has a decent understanding of accounting as it applies to the business. The accounting discipline itself is not just about debits and credits, but about financial reporting and how to interpret business transactions. If you can't do that, you could have a hard time explaining your models and justifying them to managers and business execs despite having any math expertise you might have. Currently, I work in structured finance, despite not being a quant myself, I do work with colleagues who do all the modeling while I take care of the accounting side of derivatives as well as managing some portfolios of assets. I am currently trying to get into financial engineering myself
Hi Kevin Yang It’s a great video I am in a program named Mathematics and Computational Finance. Do you think this as a good program for learning financial engineering in the future?
Hi Kevin, thank you for the video. I'm just wondering how much math do we need for FE? I'm a CFA level 3 candidate and so far have no problem with the maths in the CFA curriculum and in finance in general, but not sure if it is any different from the one required for FE profession?
There's quite a lot of math involved. It'd be helpful if you are coming from an engineering/science background. Watch my video in full as I already put math requirements there. Good luck!
You're beautiful. Don't let anyone tell you anything else.
My dad wants me to go into financial engineering after I’m done economics I’m not a math guy but I’m down to work hard at it and improve my math skills
did you do it??
Really interested to see if you did it
Thanks for this video, it is just in time for me personally because I'm gonna apply for this graduate program. Look forward to more videos from you!
Hahah cool. Good luck on ur application!
Very good video. Thank you Kevin!
I actually have to take a class in financial engineering for my major. LOL
Good job Kevin keep the spirit
Thanks Kevin for the info.
Hi I wanted to know the difference in quantitative finance masters and mfe.
Same shit
New subscriber genuinely think your content is very helpful! Thank you!
thank you very much!
Hi, i hope my question finds you well. I’m about to major in accounting and finance in an undergraduate program in Australia, and unlike USA the program only run for 3 years. Although our school does provide us a chance to take some quantitative subjects (mostly statistical, econometrics 1 & 2), we are not required to take the “hard” maths subjects (cal 1&2, linear algebra, statistic and probability). Therefore depending on my circumstances, do you think i could get into MFE just by completing the “soft” maths subjects? Or alternatively by completing all the “hard” maths subjects. BTW I’m currently self-studying python so ; )
Hello, I'm just about to complete my Bsc in mathematics and physics, am I eligible for Msc in financial engineering
Thank you very much
Thanks for the video, it is very helpful.
Thank you so Much for this introducton , could you show us more courses about financial engineering .
Do you mean courses taught in financial engineering or more pre-requisite courses before you study financial engineering?
I mean courses taught in financial engineering , if YOU can of course , many THANKS
haha courses materials in the program is kind of confidential, but you can certainly find the program structure from the official website. For example the program for UCB can be found at mfe.berkeley.edu/
Am an undergraduate and i want to do Financial Engineering but am not sure what programs to take at Varsity
Yes definitely , the course which I am about to talk about by IIQF is for programmers as well as non programmers. All you need to have is the -willingness and zeal to learn.
Since, modern investment finance is heavily reliant on the application of financial engineering theories and techniques. Financial Engineering, also known as Quantitative Finance, is a multidisciplinary field that involves the application of theories from financial economics, physics, mathematics, probability, statistics, operations research, and econometrics to solve investment finance problems using engineering methods and tools and computer programming practice. C++ has traditionally been the language of choice for Quant implementations, along with tools such as Matlab, Mathematica, Stata, and others, but Python has recently gained popularity.
Financial engineering has emerged as a very promising career path for people with strong mathematical backgrounds, such as those with degrees in engineering, mathematics, statistics, physics, or econometrics.
The best global financial institutions, such as Investment Banks and Hedge Funds, hire people with strong quantitative skills for what are known as "Quant" jobs in the industry.
This is also a very rewarding and exciting career option for such people because there is a lot of room for them to use their numerical and creative skills to design new things, whether it's devising new investment strategies, structuring new financial instruments, or determining how to value them.
Furthermore, if you have a strong mathematical bent of mind and are bored with your regular finance or IT jobs, these are jobs that involve high-end analytics and will always allow you to do research-oriented, exciting, and intellectually challenging jobs in International Banks and Hedge Funds.
The Certificate Program in Financial Engineering (CPFE) is one of the most comprehensive certificate programs available globally, covering a wide range of topics in depth both theoretically and practically. This course covers comprehensive theory as well as practical model building in Python for machine learning, derivative instrument pricing, and financial risk.
So, whether you are a beginner looking to break into Quantitative Investment Banking or Risk Management, or a seasoned professional looking to learn the domain in depth to advance your career, this is the program for you.
Most general finance courses focus solely on corporate finance and do not cover Financial Engineering or Risk Management topics, leaving a significant gap between industry requirements and available trained resources. This course, with its extensive coverage, aims to close this gap.
Besides this being a weekend course, it is ideal for working professionals who want to continue their education without having to leave their current jobs.
Visit website for more details on course:
www.iiqf.org/courses/certificate-program-applied-mathematical-finance-engineers.html
Is the course at IIQF provides the competance and is that good as i want to pursue the course in Quantitative finance or Actuary Finance for which course i should go and which institute is best.I have done Masters in Mathematics and Scientific Computing in 2021.
Hello, I have been searching programs for financial engineering and I came across something called Fintech...Could anyone tell me if fintech is different from financial engineering ? if yes, how?? I am not from finance background.
Hello! Could you help me solve some applications in financial engineering?
"There're are more programming towards algorithms and calculations like a statistician" .
Just checking, when you say "There're", do you mean "They are" (They're)?
Just curious and helping you with the video edits! :)
haha thanks for your kind help. I think what I meant was "There are"
Thanks bud for the video,gave me a good insight into MSFE.
I have graduated in Electronics Engg.Most of the calculus courses(applied Mathematics) u mentioned have been covered in my Engineering program,will it suffice?Or do I need to do these courses separately,also I haven't scored much in these maths courses while in engineering, kinda have a low GPA
Next thing ,I have got a job in IT in a service based company (more like software engg).
Will this experience count for me to get into MSFE program?will it make my profile any stronger?
I still haven't joined the company. should I go for masters directly,or do the job for a while and then Masters?
Sounds cool, is this the 'quant,' scraping pennies on wall street job? Almost sounds like data science, does everyone build bots for stocks? How often does it work?
Hey Kevin, as far as math and programming go in your experience with your MFE program, how often did you program, apply Calculus (partial integrals, series, etc), and Statistics/Econometrics? I work in structured finance now and want to enroll in a MFE program, but I know I'm a bit weak on the calc side while having a strong background in stat and programming. Because I graduated with an econ degree rather than engineering or math, I've been taking calculus courses and now taking linear algebra, but I'm still a bit concerned because I seriously struggled through calc II.
When I was in MFE, I program all the time. Using Matlab/Python/R/C++ to write codes and implement algorithms. So you do need to get comfortable with basic programming. I had an econ degree too but I was taking many math/stat courses.
Hello kevin..
I am doing bba in india
Am i eligible to study?MFE
Hey Kevin, that was very helpful..
I hope you can help me
I was searching for program which would help me to get into equity research....I did not found this program so relevant to that...
Could you suggest me any program for that?
Why you have chosen Medvedev for the last slide ?
Hah, surprised me too
Can u please tell me that what should I opt between financial engg Aur finance in mba
你好，你还在吗？会中文不？我明年想在复旦大学学习financial engineering. 作为一个老外，你觉得怎么样？
Do you speak Chinese?
You are nice, bro
I am persuing enviourmental engineering from a top college in India. Can I do Ms in financial engineering (USA) will it be worth changing my stream??
Scope of free MSFE course from worldquant??
Hi Kevin, thanks for the video. I am looking to enter into a Electrical and Computer Engineering Undergraduate program. Do you think I need to take a finance minor to supplement the B.S. in engineering if I want to apply to an MFE program such as Columbia? I've worked at a small retail brokerage firm for 12 years. Thanks!
I think getting a finance minor certainly helps. You need an understanding of both finance and math/stat/programming to make a strong profile. Good luck!
Yes, I think it should help if you take a finance minor. But do consult with Columbia's admission first as this is just my personal opinion
Hi Kevin, I'm currently studying physics and I did a course on C++ but I just managed to passed it, other than that I excel in math and the rest of my course. My question is whether it's possible for me to still pursue this course even though I have such a poor command towards these computer languages?
you should be picking up programming skills along the way in the program, and it's not the software engineer type of programming. Instead it's more on implementing algorithms in a computer program, so don't worry too much about it
is there a way we can ask you question privately on an email?
Sure, email me at yksubscribe@gmail.com
I have completed my Bachelors in Engg, Now i am planning for CFA Level 1 and after that I am planning to learn Programming languages too. Will job experience in IT field as a developer will boost my profile? Please guide me.
probably, if it's a IT job in a financial institution it maybe more relevant
Great video! I'm interesting in financial engineering, currently getting a BSC in Economics with a minor in Math, as well at least some level of CFA, will thus suffice?
I think you need to work more on your analytical background. A minor in math may not be enough. You might need to take more advanced math/stat courses and get some programming background. Good luck!
Kevin Yang
I see, would a physics major be better perhaps? I have the summer to decide my major, and I really like physics as well, but it's pretty hard but it would give me the analytical background needed.
haha Physics would help for sure. I had a classmate of mine majoring in physics who get admitted to MFE program. But be aware to keep yourself well-rounded between math/stat/programming/finance.
Hey, Kevin, what about a Bsc in Actuarial Sciences?
Hey, econ grad here from UMD-College Park, currently working in structured finance and preparing for a financial engineering program. I have previously taken econometrics and lots of statistics courses with some programming e.g. R programming and C++. Now I am taking prereqs for an MFE program which include Calc III, Diff EQ, and Linear Algebra. It's definitely been a struggle for me to get to this level as my only calc experience in undergrad was business calculus, but luckily, with some persistence and being pretty decent at math, I'm almost done with my prereqs. I agree with Kevin that coming from math heavy majors like engineering, math, and physics will help you tremendously. Had I decided to go for the financial engineering field while in undergrad, I definitely would have signed up for more calculus courses
Hi Kevin how much further studying did you need after the program ? Are you happy where you work now ?
to be frank, the program is just getting you started. There are 80% more things to learn once you land a real job in finance. Never stops learning! only after I graduated did I realize how little I knew...
How many girls are in this field?
Asking the real questions!😅🤣
Theculber 2. And you don’t want either of them
"Thank GODDD he removed his webcam jesus christ" - said noone :D
Hi Kevin,
I am a CPA from NZ working with a big four at a process improvement consulting role. I have a BBA majoring in finance and hold a minor in economics. Do you think my background is sufficient for a full-fledged course and career as a financial engineer? My concern stems from the fact that most FinEngg belong to a more quant-heavy background. I wish to join a bank or fund manager in Singapore or Sydney after completion since the financial services sector still premature in NZ.
Thanks in advance!
Yes you would need to prove you are prepared for a quant-heavy study. However to become a fund manager or working in a bank, it may not require that much of a quant skill. You may also check out some other master's program that's not so quant-heavy, such as MIT's master's in finance. Good luck!
Cheers, Kev!
Hello kevin,
I am a commerce student and a CFA level 1 candidate and don’t have much of analytical background so far , i am interested in financial engineering , will i be able to cope with the program ?
Hey Jugal, just a FYI, the CFA is not the same as financial engineering nor is the CFA as math heavy as financial engineering from my studies and research so unless you have a background in taking advanced math courses, it's hard to conclude whether or not you could cope with any engineering program
Hi Kevin, I've zero knowledge of accounting, but i'm a computer science graduate. Also, I'm not interested in learning accounting, so is it possible for a guy like me to pursue this course? Basically, what i'm asking is, if the program requires any accounting concepts at all, and if it does, could u just give an example of the level of accounting knowledge required. Thanks.
Hi deshu k, great question. In our program we do have one course in accounting specifically designed for derivatives accounting. That being said, understanding the basics of accounting is essential to understanding derivatives accounting. Although accounting isn't the focus of the program, knowing that certainly helps not just your GPA, but your future work in finance as well. Since the MFE program is challenging for most people, why not take accounting as one challenge? Good luck!
Hi Kevin, ur response was quite informative, but i still have certain doubts. So can i've ur email id?
Hey Deshu, just adding my 2 cents to confirm what Kevin is saying, almost everyone I work with has a decent understanding of accounting as it applies to the business. The accounting discipline itself is not just about debits and credits, but about financial reporting and how to interpret business transactions. If you can't do that, you could have a hard time explaining your models and justifying them to managers and business execs despite having any math expertise you might have. Currently, I work in structured finance, despite not being a quant myself, I do work with colleagues who do all the modeling while I take care of the accounting side of derivatives as well as managing some portfolios of assets. I am currently trying to get into financial engineering myself
Great explanation, thanks for the comment!
Hi Kevin Yang
It’s a great video
I am in a program named Mathematics and Computational Finance.
Do you think this as a good program for learning financial engineering in the future?
Of course, I won't be concerned too much about the name of the program, as long as you learn the essential skills to become a financial engineer
can i go it in master degree I have bacholar bachelor of banking and finance.....
Of course, you just need to hone your analytical skills and you will have a good chance
its you who made the quantitative trading book? you're real name is yi yang?
lol I'm not yi yang, which book are you referring to?
Hi Kevin, thank you for the video. I'm just wondering how much math do we need for FE? I'm a CFA level 3 candidate and so far have no problem with the maths in the CFA curriculum and in finance in general, but not sure if it is any different from the one required for FE profession?
There's quite a lot of math involved. It'd be helpful if you are coming from an engineering/science background. Watch my video in full as I already put math requirements there. Good luck!
you chinese are really brilliant people
LMFAO This is the classic asian quant