Financial engineering

Dear Ravi, Financial engineering is a discipline at the intersection of finance, quants and technology which aims at risk managemett or portfolio optimisation or asset pricing. You would not hear many people knowing or working into this domain as qualifications required to persue is really difficult to attain and this is proved by the fact that it took you nearly 8 months to get a reply for your question.

Most common profile for FE is to calculate market risk and hedge them to avoid crisis like credit crisis in 2008. Its out and out mathematics and statistics which play a pivotal role all such calculations. Strangely the most successful people in this domains are the one who are phd in physics.

for out Berkely MFE program for more info.