<p>I hear it alot but i have no clue what it is.</p>
<p>I think it means an economics major.</p>
<p>
[OR:</a> Financial Engineering](<a href=“http://www.ieor.columbia.edu/pages/undergraduate/financial_eng/index.html]OR:”>http://www.ieor.columbia.edu/pages/undergraduate/financial_eng/index.html)</p>
<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](<a href=“http://mfe.haas.berkeley.edu/]MFE”>http://mfe.haas.berkeley.edu/)</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>