What is the difference between finance and financial engineering? What are the employment directions?
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 mathematical analysis technology, computer telecommunications technology, automation and system engineering, and even cutting-edge technologies such as operational research, simulation technology and artificial neural network. Traditional finance mostly takes basic variables as research objects and basic tools, such as interest rate, exchange rate and money supply. And financial engineering mainly relies on financial derivatives, such as futures options and forward swaps. In terms of specialty setting, financial engineering pays more attention to mathematical technology, and finance pays more attention to economic knowledge. Financial engineering has strict requirements on mathematics, which basically belongs to microfinance. Like most other disciplines in the early stage of development, financial engineering has many different backgrounds, including commercial bankers, investment bankers, corporate finance directors, corporate recruiters and financial engineers. Many of them are top figures and respected authorities in this field. Judging from the employment situation in recent years, graduates majoring in finance usually have several destinations: First, commercial banks, including the four major banks, joint-stock firms and domestic branches of foreign banks. . Second, securities companies include fund management companies. Third, trust and investment companies, investment consulting companies, four major asset management companies, financial leasing and guarantee companies. Judging from the employment situation in recent years, graduates majoring in finance usually have several destinations: First, commercial banks, including the four major banks, joint-stock firms and domestic branches of foreign banks. . Two. Securities companies include fund management companies. Trust and investment companies, investment consulting companies. Four major asset management companies, financial leasing and guarantee companies v. insurance companies VI. Central Bank, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission. . This is the financial regulator. Seven. Policy banks such as China Development Bank and China Agricultural Development Bank. Social security fund management center (or social security bureau, generally in the direction of insurance) IX. Sequence of national civil servants. . Government administrative agencies such as finance, auditing and customs; Teachers majoring in finance in colleges and universities; Research institutions, researchers. Ten, listed (or to be listed) joint-stock company securities department, finance department, securities affairs representative, secretariat of the board of directors, etc.