What most people who study financial engineering in China do are actually similar to what people with master's degrees in finance do. Because China does not have any derivatives or advanced financial products at all (advanced financial products first require an active market, and then require laws to allow people to design these products. The Chinese government should have insufficient regulatory capabilities, so it has not dared to let go. Overly strict and repressive regulatory policies that open up financial markets) The quantitative departments of China’s investment banks are either doing things that cannot be regarded as traditional financial engineering at all, or they are reserve personnel waiting for the day when regulations are relaxed before they can make a difference. . Now let me answer your question:
What financial engineers do basically has nothing to do with financial statements. Some people may apply quantitative techniques to corporate finance, but this is definitely not the mainstream of financial engineering. For example, El Ni?o will cause rainfall to drop in Africa, and Africa is a major exporter of metals. Mining metals requires a lot of water, so El Ni?o will cause global metal futures prices to rise. People in financial engineering will use various regression analysis, partial differential equations, or time series regression and machine learning (statistical learning) and other technical areas to estimate the probability of El Ni?o, and then use quantitative models to analyze the impact of El Ni?o on global metal futures The size of the impact. Or how to price a new financial product; or a financial product: for example, what are the rules of price trends of options, etc., what are the characteristics of implied volatility, what are the rules of volatility curves, etc. Financial engineers generally don't study such micro things as companies. . . The revenue curve decision-making you are talking about is something done by people in financial management or management accounting. . My undergraduate degree was in financial management. .
Most of the things you do when you come out with a master's degree in finance are the same. At most, you may be a little more solid in mathematics and statistics. . There are still very few serious financial engineering positions in China, and they have not developed at all.
It is indeed not practical. . The vast majority of teachers have never even tried the financial engineering products themselves (because there are none in China, so we can’t blame them...). They completely rely on themselves to learn things from books and then teach students. . Moreover, many domestic financial engineering projects are not professional, and the teaching content is relatively superficial. . If you go to study abroad, you must at least be able to stay in the United States. There are a lot of financial engineering positions in the United States, and it's just a shame for you to find a job with so few positions back home. . The financial crisis is something you cannot control, and no one can accurately predict it. But I personally think it won’t happen until at least 2020. . Now most countries have not emerged from the shadow of the last time, especially China, whose economy is in a mess and has not yet recovered.
The National People’s Congress will be more focused on traditional finance. . So not recommended. Other schools don’t understand and dare not speak nonsense. In addition, C++ is a basic skill necessary for financial engineers, and strong mathematical and statistical skills are also necessary. . Generally speaking, C++, java, Python, R, and matlab are the five basic languages ??necessary for American financial engineers.
I wrote an article on the reverse side of financial engineering not long ago and posted it on my Baidu space, right at the top of the article. You can go take a look and find out what a financial engineer does, what the main directions are, what skills are required, etc. .