What is Financial Engineering:
Financial Engineering is broad & multidisciplinary field that uses applied mathematics, statistics, computer science, financial theory and economics to develop model and techniques to;
- Develop & test new financial products for individual investors and institutions
- Develop & test new investment strategies
- Manage Risks
- Conduct quantitative analysis of financial market
In Financial Engineering, engineering approach and methodology is applied to the world of finance. It focuses on developing, testing, and improving models and techniques that are prevalent in quantitative finance and also helps in data driven decision making in finance.
Career Prospects (Scope) for Financial Engineers:
There are multiple opportunities for financial engineers in different firms around the world in the financial service industry. Employment opportunities are available for financial engineers in;
- Commercial Banks
- Insurance Agencies
- Hedge Funds
- Consultants to Financial Industry
- Corporate Treasuries
- Regulatory Agencies
- Economic Sector
- International Quasi Government Organizations like World Bank
- Rating Agencies
Prerequisite for Career in Financial Engineering:
To start a master in financial engineering, a student must have a strong background in calculus, probability & statistics, computer programming & economics at the undergraduate level.
Master (MSc) in Financial Engineering Offered by UK Universities
Since its inception as a separate field of study in 1990, multiple universities in the world are offering degree programs to provide a pipeline to the industry.
Most of the programs being offered are accredited by the International Institution of Quantitative Finance & International Association of Financial Engineers
Following universities in the United Kingdom (UK) are offering master programs in Financial Engineering.
MSc Risk Management & Financial Engineering at Imperial College London:
Imperial College London ranks 2nd as per QS Ranking 2025 with 93% ratio of student employability in first 6 months after graduation. Duration of the program is 12 months with September intake every year.
MSc Risk Management & Financial Engineering will equip you with analytical & risk management skills and insights needed to succeed in your career as Financial Engineer.
MSc Risk Management & Financial Engineering offered by the Imperial College London is accredited by Professional Risk Managers International Association (PRMIA).
Click Here to Apply for Next Intake at Imperial College London
MSc Financial Engineering at University of Birmingham:
University of Birmingham is included among top 100 universities in the world as per QS Ranking 2025. The University offers MSc in Financial Engineering as a taught full time one year program. This program will develop skills of the students in most advanced computational and programming techniques. This program equips the students with strong skills not only in quantitative finance but also in data science.
Click Here to Apply for Next Intake at University of Birmingham.
MSc Financial Engineering at University of Glasgow:
University of Glasgow ranks among top 100 universities as per QS Ranking 2025. The university offers MSc Financial Engineering as a full time program. The duration of the program is one year.
Click Here to Apply for Next Intake at University of Glasgow
MSc Financial Engineering at University of York:
University of York is among top 200 universities as per QS Ranking 2025. The University offers MSc Financial Engineering postgraduate taught program with September intake every year.
Click Here to Apply for Next Intake at University of York
MSc Financial Engineering & Risk Management at University of Essex:
University of Essex ranks among top 500 universities as per QS Ranking 2025. The University officer MSc Financial Engineering & Risk Management with October intake every year with full time study mode.
Click Here to Apply for Next Intake at University of Essex
Conclusion:
Degree in Financial Engineering from the UK Universities will equip you with the skills to set you up for career success in the field of Financial Engineering.