Financial engineering is the phrase used to represent the study of finance and the development of financial products. The ever changing field of finance and financial services industry constantly give room for more and more financial products are developed. Those that engage in this process is called financial engineering.
HOW TO BECOME A FINANCIAL ENGINEER?
You don’t need physical tools to become a financial engineer unlike other fields of engineering. All you need to become a financial engineer is to acquire the right knowledge that will enable you tweak derivatives and already existing financial products.
Some of the knowledge to become a financial engineer can be found in this blog. So I will encourage you to always visit this hub as I will be sharing my over 6 years financial engineering experiences.
CAREER OPPORTUNITIES IN FINANCIAL ENGINEERING
There are lots of career opportunities that all and sundry can easily tap into. You will agree with me that finance is the hub of every economy.
Risk analyst: the bulk of what you will learn as a financial engineer is based on the study of risk. After all, a derivative which is the backbone of financial engineering is all about risk analysis and management.
Financial analyst: the training you get from the rigorous studies of financial engineering will make a better financial analyst.
Commodity trader (stocks, FOREX, gold, silver, etc): you can decide to be an independent trader of commodities. This is really cool as you don’t have to work for anyone. You go to work whenever you feel like, though caution needs to be your watch word while doing this.
Independent consultant: the knowledge you have as a financial engineer is a highly sought after skill that people are looking for, so try as much as possible to monetize it.
Lecturer / speaker: your consulting engagement can warrant that you pick up a lecturing appointment or speaking engagement.
So, wouldn’t you rather become a financial engineer?