Financial mathematics is an undergraduate major in Chinese universities. Its main employment direction is financial analysis, financial modeling and financial product design. Financial engineering refers to the design, development and implementation of innovative financial tools and financial means, as well as creative solutions to financial problems. Financial engineering majors mainly use computers to realize mathematical models, thus solving financial related problems. Therefore, financial engineering is different from MBA and MSP. It mainly trains skilled workers in the financial field, also known as financial engineer -Quant. Quant's positions are mainly concentrated in investment banks, hedge funds, commercial banks and financial institutions.

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