this post was submitted on 26 Apr 2025
56 points (95.2% liked)

[Migrated, see pinned post] Casual Conversation

3408 readers
11 users here now

We moved to [email protected] please look for https://lemm.ee/post/66060114 in your instance search bar

Share a story, ask a question, or start a conversation about (almost) anything you desire. Maybe you'll make some friends in the process.


RULES

  1. Be respectful: no harassment, hate speech, bigotry, and/or trolling.
  2. Encourage conversation in your OP. This means including heavily implicative subject matter when you can and also engaging in your thread when possible.
  3. Avoid controversial topics (e.g. politics or societal debates).
  4. Stay calm: Don’t post angry or to vent or complain. We are a place where everyone can forget about their everyday or not so everyday worries for a moment. Venting, complaining, or posting from a place of anger or resentment doesn't fit the atmosphere we try to foster at all. Feel free to post those on [email protected]
  5. Keep it clean and SFW
  6. No solicitation such as ads, promotional content, spam, surveys etc.

Casual conversation communities:

Related discussion-focused communities

founded 2 years ago
MODERATORS
 

Trip away? House deposit? Rainy day? Tell us below!

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 2 points 1 month ago (1 children)

Traditionally, financial engineers are people who create financial instruments, like contracts. Say you want to get a mortgage but instead of just paying interest you want to make it spicier somehow, something like "if the value of a home in this part of town is so and so, I'll pay this, if not then that", or something to that effect. A bank would come in with pricing, risk analysis, etc. for such a contract, done by people with knowledge in financial engineering. Nowadays the degree is chased mostly by people who want to get into investing, though, and they get an advantage in that due to the heavy quantitative focus of the program.
Econometrics is an area of statistics that is concerned with studying causality, particularly in economical and financial data. Say you think tariffs cause inflation (very topical lol), you would not only want to have theoretical basis for that, but an empirical foundation too, which is established by an econometric study.
I'm targetting financial engineering because it's harder to get into, thus salaries are better, but would settle for econometrics because I can get similar opportunities if I play my cards right

[–] [email protected] 1 points 1 month ago

Great ideas! Hope it goes well