It seems to me that Financial Engineering is taking a stronger part in business in many areas on a monthly basis. I personally do not have a great knowledge in this area as you would I suspect need to have very good maths and I am afraid I fall short. I am interested to know more about this and would like some input from others.
The degree that I have spotted is run by Henley Business School at the ICMA Centre’s and is a financial engineering degree that is highly respected by quantitative analysts and their employers. The credit crunch and subsequent events have emphasised the need to develop better pricing and better hedging models for all complex products. The practical and quantitative skills that you will develop will be a great support to your employers in my view.
The compulsory modules provide a firm grounding in probability theory, stochastic calculus, derivatives pricing, quantitative and numerical methods, structuring products, volatility analysis, and the modelling of credit, equity, foreign exchange and interest rate derivatives. Also provided are a thorough training in C++ and other programming tools. Optional modules will allow you to focus on risk analysis, portfolio management, designing trading strategies or econometric analysis.
To my mind this is a most challenging degree and will appeal to a narrow section of students but appears to have great possibilities for postgraduates. I would appreciate input on this area.