Financial engineering has two concepts: narrow sense and broad sense. Narrow financial engineering mainly refers to the use of advanced mathematics and communication tools, on the basis of existing basic financial products, to carry out different forms of combination decomposition, in order to design new financial products that meet customer needs and have specific profit and loss characteristics.

Financial engineering in a broad sense refers to all technological developments that use engineering means to solve financial problems. It includes not only financial product design, but also financial product pricing, trading strategy design, financial risk management and other aspects. This paper adopts the broad concept of financial engineering.

Xiao Si introduced the top ten schools in the United States and their financial engineering majors to the students:

Baruch College of City University of new york

Bernard M. Baruch College (CUNY) is a well-known public university, located in the iron district of Manhattan, new york, USA, and a member of CUNY, the City University of new york.

University of California at Berkeley

University of California, Berkeley (UC Berkeley) is a prestigious public research university in the United States and the oldest university in the university system of California.

Carnegie Mellon University

As one of the four famous CS schools in the United States (MIT, CMU, Stanford and UCB), its MSCF program is jointly taught by four colleges (Tepper Business School, Mathematics Department, Statistics Department and Heinz College), focusing on the three cornerstones of mathematics, programming and finance, so applicants need to have solid basic skills in these three fields.

MSFE Columbia University

Columbia University attracts students from all over the world for further study with its excellent teaching quality and many well-known alumni. With the rapid development of the financial industry, students who intend to engage in the financial industry in the future have turned their attention to Columbia University.

Princeton University

The Master of Finance program of Princeton University is located under the financial center of Bendheim Financial Center (BCF), which provides a very holistic and interdisciplinary course, focusing on mathematical calculation, spanning economic, financial and financial engineering fields, and teaching in reasonable small classes.

New York University

New york University (NYU), located in the bustling Brooklyn, was founded in 183 1. It is one of the largest private universities in the United States and the only prestigious school in downtown new york.