subject area 
kind of studies  
university type - Poland  
university status  
Poznań, Poland

Financial Engineering

Inżynieria finansowa

Language: PolishStudies in Polish
Subject area: computer science
Kind of studies: full-time studies
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Engineering is the creative application of science, mathematical methods, and empirical evidence to the innovation, design, construction, operation and maintenance of structures, machines, materials, devices, systems, processes, and organizations. The discipline of engineering encompasses a broad range of more specialized fields of engineering, each with a more specific emphasis on particular areas of applied mathematics, applied science, and types of application. See glossary of engineering.
Financial Engineering
Financial engineering is a multidisciplinary field involving financial theory, methods of engineering, tools of mathematics and the practice of programming. It has also been defined as the application of technical methods, especially from mathematical finance and computational finance, in the practice of finance. Despite its name, financial engineering does not belong to any of the fields in traditional professional engineering even though many financial engineers have studied engineering beforehand and many universities offering a postgraduate degree in this field require applicants to have a background in engineering as well. In the United States, the Accreditation Board for Engineering and Technology (ABET) does not accredit financial engineering degrees. In the United States, financial engineering programs are accredited by the International Association of Quantitative Finance.
Engineering is too important to wait for science.
Benoît Mandelbrot As quoted in "Fractal Finance" by Greg Phelan in Yale Economic Review (Fall 2005)
Engineering: The art of organizing and directing men, and of controlling the forces and materials of nature for the benefit of the human race.
Henry Gordon Stott. Presidential address, 1908, to American Institute of Electrical Engineers. Cited in: Halbert Powers Gillette (1920) Engineering and Contracting. Vol. 54. p. 97
There are two laws discrete,
Not reconciled,—
Law for man, and law for thing;
The last builds town and fleet,
But it runs wild,
And doth the man unking.
Ralph Waldo Emerson, Ode, Inscribed to William H. Channing
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