Lausanne, Switzerland

Financial Engineering

Master's
Language: EnglishStudies in English
Subject area: engineering and engineering trades
University website: www.epfl.ch
Engineering
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
Only among those who were engaged in a particular activity did their language remain unchanged; so, for in­stance, there was one for all the architects, one for all the carriers of stones, one for all the stone-breakers, and so on for all the different opera­tions. As many as were the types of work involved in the enterprise, so many were the languages by which the human race was fragmented; and the more skill required for the type of work, the more rudimentary and barbaric the language they now spoke. But the holy tongue remained to those who had neither joined in the project nor praised it, but instead, thoroughly disdaining it, had made fun of the builders' stupidity.
Dante Alighieri, De vulgari eloquentia, Chapter VII
Engineering
Engineering is the conscious application of science to the problem of economic production.
Halbert Powers Gillette (1910). cited in: T.J. Hoover & J.C. Lounsbury Fish. The Engineering Profession. Stanford University Press, 1941. p. 463
Engineering
Architects and engineers are among the most fortunate of men since they build their own monuments with public consent, public approval and often public money.
John Prebble, in Disaster at Dundee, 1956. p. 16
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