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Daniel Prince 6mo ago

MISSING:

- Financial engineer.

For a reason.

"Here is a list of various engineering jobs across different disciplines:

1. Aerospace Engineer: Designs and tests aircraft, spacecraft, and missiles.

2. Agricultural Engineer: Applies engineering principles to agricultural systems and technology.

3. Automotive Engineer: Focuses on the design, development, and manufacture of vehicles.

4. Biomedical Engineer: Combines engineering principles with medical sciences to develop medical equipment and devices.

5. Chemical Engineer: Designs and manages processes for producing chemicals, fuels, foods, and other products.

6. Civil Engineer: Plans and oversees construction projects such as roads, bridges, and buildings.

7. Computer Engineer: Specializes in the design and development of computer systems and software.

8. Electrical Engineer: Works with electrical systems, components, and devices, including power generation and transmission.

9. Environmental Engineer: Focuses on solving environmental problems, such as pollution control and waste management.

10. Industrial Engineer: Optimizes complex systems and processes, often in manufacturing and production environments.

11. Marine Engineer: Designs and maintains ships, boats, and other marine vessels and their systems.

12. Materials Engineer: Studies and develops new materials for use in various industries, including metals, ceramics, and polymers.

13. Mechanical Engineer: Designs and analyzes mechanical systems, including engines, machines, and heating/cooling systems.

14. Mining Engineer: Plans and supervises the extraction of minerals and metals from the earth.

15. Nuclear Engineer: Works with nuclear energy, including the design and operation of nuclear reactors.

16. Petroleum Engineer: Focuses on the exploration and production of oil and gas reserves.

17. Software Engineer: Specializes in the design, development, and maintenance of software applications and systems.

18. Structural Engineer: Focuses on the design and analysis of structures, such as buildings and bridges, to ensure they can withstand various loads and forces.

19. Systems Engineer: Integrates and manages complex systems, ensuring they work together effectively.

20. Telecommunications Engineer: Designs and maintains communication systems, including telephone networks, fiber optics, and wireless systems.

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keeth 6mo ago

The purpose of engineering is primarily to design something that performs safely, within spec, under known constraints, that can be constructed within a desired budget. But it seems when people refer to “financial engineering” they generally just mean that someone found a way to make more profit at equal risk. This implies free lunches, perpetual motion, fairy dust.

In reality, most financial “engineering” is simply exploiting a flaw in an existing spec to your own advantage. In this way, financial engineers are more like contractors that pretend to be engineers. And it might work for a while under very specific, static conditions. But entropy is a thing.

But most contractors don’t consider all the constraints they should. Maybe they don’t use proper safety factors to account for material flaws (poor internal risk assessment), maybe they don’t consider temperature changes (poor political risk assessment), maybe they don’t consider changes in load (leverage), or fatigue (human nature, emotions). This usually leads to bad things happening.

It may be better to call financial engineering something else: financial inventing/tinkering. Inventions are almost always, by definition, not fully engineered yet. They do however have the highest potential for benefit as they produce something that didn’t exist before. They also have the highest probability for failure. And most inventions do not produce enough lasting benefit to warrant mass adoption and change.

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JOSE BAM 6mo ago

Financial astroturfing

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Micael 6mo ago

This is a joke right? RIGHT?

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Micael 6mo ago

Financial engineers blew up the economy in 2008 and turned our financial system into a complex derivatives casino. We don’t need financial engineers, we just need a money that they CANT engineer.

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JOSE BAM 6mo ago

It's missing because it the only "engineering" that has a greater chance of ending in disaster when applied to a subject.