Are Financial Engineers real engineers?

[AccruedExpenditure]

"Financial engineering is the application of science-based mathematical models to decisions about saving, investing, borrowing, lending, and managing risk. The term financial engineering came into use after the discovery of the Black-Scholes-Merton option pricing model in the early 1970s. Their scientific breakthrough led to a new way to solve practical financial problems by designing custom contracts and replicating them dynamically using instruments traded in markets. In recent years the rise of many new organized markets for futures and swaps and innovations in telecommunications and computer technology have dramatically reduced the cost of trading standardized financial instruments. This has vastly increased the scope of financial engineering. As a result it has become possible to produce at reasonable cost customized financial contracts that address a broad range of investment and risk management needs faced by firms, governments, and households around the world."
-Zvi Bodie

 

[DVK916]

-1/10

 

[natto fire]

Next one will be: Are custodial engineers real engineers, with poll!

 

[J0hnny]

Originally posted by: Captain Howdy
Next one will be: Are custodial engineers real engineers, with poll!

You mean the super?

 

[MasterAndCommander]

The only real engineers are the ones that drive trains.

 

[her209]

Originally posted by: MasterAndCommander
The only real engineers are the ones that drive trains.

How do you drive a train if its on tracks though?

 

[ElMonoDelMar]

0/10

 

[JinLien]

Originally posted by: her209

Originally posted by: MasterAndCommander
The only real engineers are the ones that drive trains.

How do you drive a train if its on tracks though?

The reason that they are call engineers is because they work so near to engines.

 

[RedCOMET]

slow night in OT

 

[Hyudra]

financial engineering... jeezus... a ton of math-- so ya I would think it could be considered engineering. You need like a math degree just to even be considered or get your masters in it.

im sure financial engineers make a ton more than real engineers.

 

[Eeezee]

I was going to suggest that men who work in factories that make micrometers are real engineers, but your parody post was so stupid that I felt no need to post mine.

 

[HamburgerBoy]

No.

 

[Alkesh]

Originally posted by: Eeezee
I was going to suggest that men who work in factories that make micrometers are real engineers, but your parody post was so stupid that I felt no need to post mine.

Its not stupid when you can get a Masters in Financial engineering (MFE). Unless you didn't know that and assumed accrued made up the term.