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Education Committee: Leadership
Co-Chairs
Steve Allen, New York University
Barry Schachter, Moore Capital Management
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Mission Statement
November 2002
During the past decade
advances in technology and telecommunications have allowed financial
firms to employ quantitative and the mathematical and computational
methods of asset pricing, portfolio management and risk control to
better manage their core businesses. Responding to this demand, dozens
of mathematics departments in elite universities around the world have
formed professional degree programs — called variously financial
mathematics and financial engineering — designed to give students a
rigorous quantitative and computational background in finance. The
increasingly sophisticated methodologies employed to trade in global
financial markets have been met with an increasingly sophisticated set
of students.
The IAFE Education Committee seeks to be a
collaboration between industry and academic representatives defining
the core set of knowledge that comprises financial mathematics and
financial engineering while increasing awareness within industry and
academia of the existence of the many financial engineering programs available to students.
Awareness
We
seek to build awareness with human resources personnel, business group
heads and educators about the field of financial mathematics and
financial engineering and the academic opportunities available in
Masters Degree programs offering degrees in Financial Engineering and
Financial Mathematics.
Of particular interest will be building
awareness among undergraduate students of the possibility of continuing
education in financial mathematics and financial engineering degree
programs and among recruiters and human resources personnel concerning
recruiting from such programs.
Quality
The
Education Committee will seek to recommended core curriculum and
knowledge to be included in financial mathematics and financial
engineering programs covering the key areas of
a. Financial theory
b. Mathematical and statistical theory
c. Computing theory and techniques
d. Core product and business knowledge
In
seeking to fulfill its mission, the Education Committee has already
designed a frequently asked questions document for students, educators
and employers, to answer basic questions about the field of financial
engineering/financial mathematics.
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| Frequently Asked Questions |
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