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WallStreetOasis.com » Forums » I-Banking Bullpen

Financial Engineering Forum's RSS Feed

ChemEtoVC's picture
by ChemEtoVC User's RSS Feed (Baboon, 140 Banana Points Points) on 9/29/06 at 1:59pm

I remember being on north campus (Michigan) in the media union wondering what the hell that strange room was for with all the stock tickers on the walls....what I didn't know then was that this cold dark room was used for the financial engineers.

All I know is that it was always empty...

I remember thinking how silly and strange a major that must have been, and continued walking back to join my fellow bleary eyed chemE's as we attempted to simulate a three effect evaporator in excel (read: do shit that in excel that would cause many of my coworkers' heads to explode)....but I digress....

So, what is one to make of this strange beast "financial engineering"? Anyone go through it as an undergrad? A friend of mine has a son who wants to go to the big block M to be an engineer and he was asking me about it the other day.....I didn't really know what to tell him about it.

Any input?

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aspiringmonkey's picture

http://en.wikipedia.org/wiki/Financial_engineer

by aspiringmonkey User's RSS Feed (King Kong, 1398 Banana Points Points) on 9/29/06 at 2:11pm

http://en.wikipedia.org/wiki/Financial_engineer

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ChemEtoVC's picture

Okay, that's a start, I was

by ChemEtoVC User's RSS Feed (Baboon, 140 Banana Points Points) on 9/29/06 at 2:19pm

Okay, that's a start, I was more looking for qualitative input as to how well received this major typically is.

I mean, Michigan is a great engineering school, but frankly our econ department has the combined IQ of a raisin

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ChemEtoVC's picture

Then again, I keep

by ChemEtoVC User's RSS Feed (Baboon, 140 Banana Points Points) on 9/29/06 at 2:47pm

Then again, I keep forgetting that all you Ivy kids were soc majors and such and thus have no idea what I'm talking about....

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IBAspirant's picture

Chem, if the kid

by IBAspirant User's RSS Feed (Senior Monkey, 81 Banana Points Points) on 9/29/06 at 3:46pm

Chem, if the kid enjoys math and is thinking about a career in finance, that's probably the best route he can embark on.
There are many shops (read hedge funds) that look for such people. Though I'm not a quant, I've always been drawn to that world. The people are very smart and not usually a superficial bunch doing the hyped-up subtraction/addition jobs, shuffling papers around and thinking about watches, cufflinks, etc. (no slight toward other memebers intended).

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ChemEtoVC's picture

Heh!! Good one IBA, I

by ChemEtoVC User's RSS Feed (Baboon, 140 Banana Points Points) on 9/29/06 at 4:18pm

Heh!! Good one IBA, I couldn't agree with you more. Unless the lad has interests that lean more toward the LSA side of life, I think that he should just pick any engineering major he would like and go for it, if for the excel skills if nothing else!

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