<p>I hear it alot but i have no clue what it is.</p>
<p>I think it means an economics major.</p>
Financial Engineering is a multidisciplinary field integrating financial theory with economics, methods of engineering, tools of mathematics and practice of programming. The concentration is designed to provide training in the application of engineering methodologies and quantitative methods to finance. Students graduating with this concentration are prepared to enter careers in securities, banking, financial management, consulting industries, quantitative roles in corporate treasury, and finance departments of general manufacturing and service firms.
<p>At Columbia, it's a concentration within the Industrial Engineering & Operations Research major.</p>
<p>Berkeley has a prestigious Financial Engineering grad program. It's uber-competitive for admission and most are former engineering/computer science majors...you need top-notch analytical skills.
MFE</a> Prospective - MFE Home - Haas School of Business</p>
<p>Financial engineers made up the "collaterallized debt obligations" (CDOs) and "structured investment vehicles" (SIVs) that are currently causing so much turmoil in the credit market because no one knows how to price 'em.</p>
<p>Thanks UCB booster...</p>