The difference between finance and financial engineering
Financial engineering and traditional finance are still very different. Financial engineering is the product of financial innovation in a greater sense. It combines modern financial theory, information technology and engineering technology, and adopts cutting-edge technologies such as mathematical analysis technology. Traditional finance mainly takes basic variables as research objects and basic tools, such as interest rate, exchange rate and money supply, while financial engineering mainly relies on financial derivatives, such as futures options and forwards. Interchange, etc. Financial engineering pays more attention to mathematical technology, and finance pays more attention to economic knowledge. Financial engineering is very popular and promising in the past two years. However, the cutting-edge technology is still abroad. If you want to dig the gold in China's financial market, you should not only rely on good technology, but also study China's national conditions. The development of China's capital market is still far from perfect, and few disciplines with such high technical content can be used temporarily in China. So if you are good at math, financial engineering certainly has an advantage. But now in foreign countries, the direction of finance itself has adopted quite a few mathematical models. If you have the opportunity to study for a doctorate abroad, you will know that it is unthinkable for people who are not good at mathematics to learn finance well.