Research / Research AreasFinancial Engineering
Financial engineering is the application of engineering methods and the engineer's problem-solving skills to important problems in finance. This interdisciplinary field integrates methods and knowledge from mathematics, statistics, economics, operations research, and computer science.
Financial engineers develop mathematical and statistical tools to manage financial risk, optimize investment portfolios, and design and value financial products. Financial engineers also devise computational algorithms to implement the tools and calibrate them to financial market data.
McCormick faculty members' current research in financial engineering is focused in three major areas:
Faculty members in financial engineering include: