This pleasant surprise may reflect the change in perspectives of
university educators toward the trading arena for the last few years. A
new discipline called “Financial Engineering” has appeared due to the
demand from the financial services industry and economy as a whole.
The explosive growth of computer technology and today’s global
financial transaction have led to a crucial demand of professionals who
can quantify, appraise and predict increasingly complex financial issues.
Some universities (mostly in the U.S. and Canada) are beginning to offer
M.Sc. and even Ph.D. programs in financial engineering. Computing
and trading laboratories are set up to simulate real life situations in the
financial market. Students learn how to employ mathematical finance
modeling skills to make pricing, hedging, trading, and portfolio
management decisions. They are groomed for careers in securities
trading, risk management, investment banking, etc.