Financial Engineering

Every year, around tax time, you probably start thinking, "can this stuff get any more complicated?" Well, financial engineering is here to say, "sure it can."

The field is a multidisciplinary approach to solving financial problems. It borrows from subjects like computer science, economics, and mathematics. Financial engineering puts together a dream team of nerd pursuits to tackle issues related to finance using high-end math.

Part of the practical output of financial engineering is to develop new financial products. This bit of development has been a mixed bag, with the infamous mortgage-backed securities (the main disaster vector of the 2008 financial crisis) as one well-publicized result of financial engineering.