what's the scope of financial engineering v/s icwai in near future...?plz reply...

Hi, Both are dignified courses and can offer excellent career opportunities . 1. Financial engineering is the application of mathematical frameworks to decisions about saving, investing, borrowing, lending and managing risk in the fields of investment management in general. After successful completion of Financial Engineering program one can find excellent opportunities that are prevailing in the banking and insurance sector, engineering consultancies and security trading. The pay scale will be purely based on the caliber and performance. In addition to other allowances, you may get high salaries of about Rs. 50000/- to 60000/- per month. 2. Generally ICWA candidates can serve the private companies or government departments in India. Also there is a major scope in the sector of Insurance or private banking as well as government banking. ICWA is a recognised qualification from all of the government universities in India. ICWAI (ICAI) passed candidates can hold top management positions, Viz. Managing Director, Finance Director, Financial Controller, Accountant, Cost Controller, Finance Manager, Chief Internal Auditor etc. in public and private sector organisations. Feel free to revert. In case it resolves, appreciate by liking it or marking as best. Good Luck.

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Financial Engineering is highly mathematical and statistical oriented. If you have strong background in Mathematics (particularly differential and integral calculus) and Advanced Statistics (Multi-variate Data Analysis), you can choose Financial Engineering. Unfortunately, the scope for Financial Engineering is limited, because of prolonged economic recession. The recession is attributed to some of these Financial Engineers who worked in reputed Companies and brought down the global economy (though they alone are not the main cause). F.E. as such revolves around generating strategies for investment, portfolio management, handling uncertainties, risky contexts etc., Those with ICWAI qualification are sought after by the industry and corporate world consistently. Demand for such people does not diminish. Only they need to update their skills. all the best

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