Financial engineering is a cross-disciplinary field combining financial theory, mathematics and computational tools to design and develop new financial or actuarial products, portfolios and markets. It also has an important role to play in the financial industry's regulatory framework. Financial engineers manage financial risk, identify market opportunities, design and value financial or actuarial (insurance) products, and optimise investment strategies. To carry out these tasks, financial engineers develop mathematical and statistical models, and the computational tools to implement them.
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Mathematics and Statistics graduates are widely employed in industry, commerce, government departments and teaching, but job opportunities exist in many less obvious fields. Many jobs require specific mathematical or statistical skills while others require the ability to think precisely and reason logically - skills your mathematical studies will hone. A broad background and interest in a variety of mathematical areas, computation and science will make you highly employable, so you should aim to take papers in subjects that will expand your knowledge of applications of Mathematics and Statistics - for instance in Accounting, Biology, Computer Science, Economics, Engineering, Management, and Physics. There are very good job opportunities in financial mathematics and in computing combined with Mathematics, and new opportunities emerging in the field of Data Science. The demand for Statisticians has also burgeoned in recent years.