Financial Engineering Career

Thursday, 3. December 2009


Financial engineering or Computational finance is a multidisciplinary field involving financial theory, the methods of financing, using tools of mathematics, computation and the practice of programming to achieve the desired end results. It is normally used in the securities, banking, and financial management and consulting industries, or as quantitative analysts in corporate treasury and finance departments of general manufacturing and service firms. It is a cross-disciplinary field which relies on computational intelligence, mathematical finance, numerical methods and computer simulations to make trading, hedging, investment decisions and risk management decisions.

Eligibility, Entrance Exams and Courses:

Generally, individuals who fill positions in computational finance are known as “quants”, referring to the quantitative skills necessary to perform the job. Knowledge of the C++ programming language, as well as of the mathematical subfields of stochastic calculus, multivariate calculus, linear algebra, differential equations, probability theory and statistical inference are often entry level requisites for such a position.


Many computer programmers enter the field from other fields of software engineering with specialization in Artificial Intelligence and Computational Fluid Dynamics.

In order to pursue a B.E. or B.Tech Course in Software Engineering, candidates must qualify in the higher secondary examination with Physics, Chemistry and Mathematics as compulsory subjects.

IIT-JEE is one of the important entrance examinations for Software Engineering.

A candidate must fulfill each of the following conditions:

  • Can attempt JEE only twice, in consecutive years.
  • Should have passed (10+2) or equivalent qualifying examination in 2008 or should be appearing in 2009, and secure at least 60% (55% for SC/ST & Physically disabled )
  • Minimum age limit of 25 yrs as on 1st October (30 yrs for SC/ST and PD candidates).

Each State has its own particular eligibility criteria and entrance exams. Some famous Engineering Institutions have their own entrance exams like EAMCET for A.P, KCET for Karnataka and TCET for Tamil Nadu which are usually conducted in the month of May-June. Candidates should ascertain precise details directly from these Institutions.

Top Colleges offering Computer Engineering Course:

  • Indian Institute of Technology, Chennai-600036, Ph: 044-22238560
  • Indian Institute of Technology, Kanpur-208016
  • Indian Institute of Technology, Kharagpur-721302
  • Indian Institute of Technology, Delhi,Hauz Khas, New Delhi 110016  Ph: 011-26582020, Fax 011-26857659-BE/Btech
  • Indian Institute of Technology, Mumbai,Powai, Mumbai,Maharashtra – 400076  Ph: +91-22-2572-2545, Fax:+91-22-2572-3480
  • Indian Institute of Technology, Guwahati, Guwahati 781001 (Assam) Ph: 0361-2697088

Website:www.iitg.ac.in

  • Indian Institute of Information Technology, Allahabad
    Deoghat, Jhalwa , Allahabad, India 211012
    Phone: 91-532-2922000
    Fax: 91-532-2430006 ;Email:contact@iiita.ac.in
    Website: www.iiita.ac.in
  • National Institute of Technology, Jamshedpur, (Deemed University)
    NIT Campus,
    P.O. RIT Jamshedpur,
    Jharkhand 831014, India

A basic B.E/B.Tech degree in Computer engineering will not be adequate to secure a highly paid job in Financial engineering in a reputed company. In addition, an aspirant needs to do a Doctoral Programme in the specializations of Artificial Intelligence, Computational Fluid Dynamics, Fuzzy Logic, Gaming Theory etc in a well known institution such as Benares Hindu University Dept of Technology, Varanasi or any of the Indian Institutes of Technology.

Career Opportunities and Job Prospects:

Bright career prospects are available to the above-qualified candidates in highly paid specialist jobs which have great demand in banking, securities trading, insurance and engineering consultancies.

Salaries:

Financial engineering careers are specialist jobs which are highly paid by Insurance companies, Stock Exchanges and Engineering consultants such as JP Morgan, AIG Insurance, Stanley Morgan, LIC, HDFC etc. Depending on the qualifications and expertise of the candidates, they are likely to be offered remuneration in the range of     Rs 50,000/- to Rs 60,000/- per month plus perks.

5 Responses to “Financial Engineering Career”



  1. Heather DOris Says:

    Looking forward to more posts like this one. Many thanks



  2. Computer Software Engineer Says:

    Hi, I found this article while looking for info Computer Software Engineer. Im looking job. Trying to find info about it. Please if u have info, write it at Please advice. Thank you



  3. Rajesh Says:

    Guyz..i have one doubt..i am asking information about financial engineering. why have you mixed up information on financial engineering and comupter engineering.. are both of these one and the same?



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