Some international universities (e.g. ones in europe) have different masters degrees for financial engineering vs. financial maths. A difference in the course structure is that the financial engineering program includes econometrics courses, while fin math program includes stochastic calculus courses. Can some experienced quant explain to a layman here (i.e, engineer with no finance experience) how the finance career options differ for someone who knows econometrics vs. stochastic calculus (I basically don't know much about either area)?
Financial engineering vs. financial mathematics
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Stochastic calculus is the core courses in many of the MFE, MSMF, MSFM programs in the US. Econometrics courses are sometimes electives or builtin core courses for MS Finance degree.
Different career path for someone with those courses? Forgetaboutit.
Unless you have a PhD in those topics and spend years doing research, you most likely will have a vague idea of the topic after a course or two.
Knowing C++/SQL/C#/VBA will have greater impact on your career path.
An interesting perspective from this The Coming Glut of Financial Engineers - Quant Network
Different career path for someone with those courses? Forgetaboutit.
Unless you have a PhD in those topics and spend years doing research, you most likely will have a vague idea of the topic after a course or two.
Knowing C++/SQL/C#/VBA will have greater impact on your career path.
An interesting perspective from this The Coming Glut of Financial Engineers - Quant Network
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