What Careers are Available with a Master’s in Financial Engineering?

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If you are planning to enroll in a graduate program to earn your Master's in Financial Engineering (MFE), it is important to be sure that this degree matches the path that you have chosen during career planning. When you are studying advanced curriculum in Financial Engineering, you will learn how to integrate your mathematical modeling skills and your expertise in computation to solve very complex problems that arise in the domestic and international financial markets. With an MFE degree, you will be equipped to enter the financial, business or educational sectors in a number of different capacities. Read on, and find out more about the diverse career paths that you can choose from as an Master's in Financial Engineering alumni.

Careers That You Can Pursue in Finance

The most common sector that MFE graduates work in is the finance sector, but that does not mean that you would be limited to this sector if you attained your degree. There is a long list of finance jobs where you can use the practical skills that you attain in school. Some of the finance jobs that you might be interested in include: Proprietary Trading, US Treasury Regulatory specialists, data analytics, hedge funds, accounting, financial consulting, sales, trading, private equity, money management, derivative pricing, and operational areas of corporate finance.

Careers That You Can Pursue in Business

You will also be prepared to work with businesses as an in-house specialist or as an consultant who specializes in risk management. More and more, mid-sized organizations and large corporations alike are looking for ways to mitigate risk. By mitigating risk, the company can reduce areas where they are losing money and stay profitable. With your MFE, you can become an enterprise risk manager, a risk analyst, a risk management consultant, a director of corporate risk management, or even a Chief Risk Officer. In order to hold any of these titles, you should consider using your degree to qualify for Certified Fraud Examiner credential. This credential shows that you are an experience professional with the knowledge needed to deter fraud in business operations.

Careers That You Can Pursue in Education

There will always be a need for experts who can teach students about a field like Financial Engineering. If you would prefer not to work in business or in the finance world, you do have the option to work in academia. You can become an industry trainer, participate in research that helps with advanced in the field, or instruct financial theory in a higher education institution. If you have always had a passion for teaching but are very talented with modeling and computation, this could be a good hybrid between both fields.

As you compare all of the different degree programs that are offered by universities onsite or online it is important to choose only the programs that are reputable. The best way to learn high-quality curriculum is to stick with programs that are accredited by associations like the Professional Risk Managers' International Association. By earning a degree from a school with a risk accreditation, you will be able to earn specific credentials that will make you a much more valuable asset. If any of these careers are careers that you would like to pursue, move on with your selection and enter a Master's in Financial Engineering program.