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Financial Engineering is an emerging interdisciplinary field that emphasizes the design, analysis and testing of financial instruments to manage risk, create strategic business opportunities, lower costs, & access new markets.

Financial Engineers apply economics and engineering problem-solving to risk management, an increasingly important business function in today’s highly leveraged, global  environment. Successful market, credit, and production risk management requires complex financial economic modeling and analysis skills.  

The objective of the program is to provide students with the necessary tools to assess and manage a business’s financial risks.  In keeping with this objective, financial engineering majors undertake rigorous training in economics, engineering mathematics, & actuarial methods.                                                                                                                  

Specifically, the program combines:

  • The Mathematics and analytical core from Industrial and Management Systems engineering.
  • Economics with a solid background in classical economic theory and markets (capital, commodity, and derivative); and 
  • Software engineering and modeling.
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Financial engineers are commonly employed in banking, corporate finance, securities, insurance, manufacturing, agricultural businesses, and other industries that require sophisticated financial management skills. To remain competitive, regional industries as well as national and international firms will employ financial engineers because of the increased complexity and sophistication of business risk management.

You can view class pictures from past years of graduates from this up and coming, successful program.

Due to their rigorous training, the demand for financial engineering graduates is high with a strong growth rate projected by the Occupational Outlook Handbook.

This innovative program is offered jointly by the Department of Mechanical and Industrial Engineering and the Department of Agricultural Economics and Economics.    

The program consists of a major and minor in Financial Engineering.  For course requirements, please see the course catalog by following the links below:


More Information

For more information, please contact one of the Financial Engineering advisors:

William Schell, Ph.D.
Department of Mechanical & Industrial Engineering
253H Norm Asbjornson Hall
(406) 994-5938

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Joe Atwood, Ph.D
Department of Agricultural Economics and Economics
208B Linfield Hall
(406) 994-5614

 Program questions can be directed to [email protected].