"The MIT Sloan MFin program is an education that is broad and has a large selection of courses, allowing you to focus in areas such as asset management or corporate/quantitative finance.”
Lab for Financial Engineering
The MIT Laboratory for Financial Engineering (LFE) is an MIT research center created as a partnership between academia and industry, designed to support and promote quantitative research in financial engineering and computational finance.
Spurring Advances in Financial Engineering
The principal focus of the LFE is the quantitative analysis of financial markets using mathematical, statistical, and computational models. The goal of LFE is to spur advances in financial engineering and to develop better ways to teach students and executives how to apply financial technology in corporate settings.
Current research projects include the empirical validation and implementation of financial asset pricing models, the pricing and hedging of options and other derivative securities, risk management and control, trading technology and market microstructure, nonlinear models of financial time series, neural-network and other nonparametric estimation techniques, high-performance computing, and public policy implications of financial technology.
Focuses on the mainstream of financial engineering: the pricing and hedging of financial securities, the determinants of capital market equilibrium, and the empirical and econometric analysis of financial market data.
Focuses on the entire spectrum of issues surrounding the process of rational decision making under risk.
Focuses on various methodological aspects of financial engineering: mathematical, statistical, computational, and visual.
The sponsored activities of the LFE include financial support for basic research in financial engineering; the purchase and maintenance of computing hardware, software, and financial databases for academic study and teaching applications; the dissemination of research findings in the form of technical reports and preprints; and occasional seminars and conferences on selected research topics.
Industry sponsorship provides both the resources with which to tackle complex problems and invaluable sources of advice and expertise on the more practical aspects of such problems. Sponsors benefit from unique and timely access to state-of-the-art research in financial engineering, as well as broad exposure to world-renowned finance faculty and diverse students through LFE conferences, campus visits, and specific project-related collaborations.
The LFE is a research lab for currently enrolled students and faculty, and we do not offer any degree programs.
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“You could talk about watershed management and conservation of energy all you want. But until you put numbers to it and financial analysis to it, you’re not going to get much done. I came to business school to speak that language, speak with people in terms of numbers, financial numbers so that I can get projects done.”
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“It was really rewarding that they wanted to know what we thought. We left there being fairly certain that they will do some of the things that we suggested.”
“As the world begins to rebuild its financial infrastructure from the ashes of this economic crisis, I believe MIT is primely positioned to play a leadership role in shaping the future through its research and educational programs.”