%0 Electronic Article %A Ng Kah Hwa %A J. Ng %K engineering schools %K rocket scientists %K postgraduate course %K career prospects %K financial engineering %K financial products %K multidisciplinary courses %K advanced science degrees %K postgraduate degree holders %K financial engineers %K professional affiliations %K financial engineering models %K university mathematics departments %K finance %X In the past, rocket scientists-people with advanced degrees in sciences-have been employed in Wall Street to develop new financial products by using financial engineering models. Today, these people are called financial engineers. Engineering schools and mathematics departments in universities are conducting multidisciplinary courses in subjects that apply science and engineering concepts to finance. Many postgraduate degree holders in engineering choose to study financial engineering on a further postgraduate course. Financial engineering is becoming increasingly important in the new economy. The article explains what financial engineering is, discusses career prospects and professional affiliations, and presents the profiles of students who have enrolled on financial engineering courses. %@ 0963-7346 %T From rocket scientists to financial engineers %B Engineering Science & Education Journal %D February 2002 %V 11 %N 1 %P 25-28 %I %U https://digital-library.theiet.org/;jsessionid=3nf0dkw4vl6gr.x-iet-live-01content/journals/10.1049/esej_20020104 %G EN