Undergraduate studies in mathematics at NCSU can prepare students for the MFM program, or for other business-focused careers.

 

Financial engineering involves the development and creative application of financial theory and financial instruments to structure solutions to complex financial problems and to exploit financial opportunities. Financial engineering is not a tool. It is a profession that uses tools, of which derivatives are one.[1]

...advanced [mathematics] give formulas for the price of [financial derivatives], and also to justify these formulas by producing a replication strategy, so that given a starting capital, one could perfectly hedge the option, removing all risk.[2]

NCSU's Accelerated BS/MS Applied Mathematics/Financial Mathematics Program, can prepare you for a career as a quantative analyst. (sample courses)

Partnerships between mathematicians and computer scientsts are bulling into whole new domains of business and imposing the efficiencies of math.[3]

Mathematics and Economics double-degree prepares you for a career in business, or advanced study in either field. (sample courses)

Actuaries are professionals who have be rigorously tested and trained in the pricing, valuation, analysis and management of risk.[4]

Mathematics and Statistics double-degree prepares you for a career in Acturial Science or advanced study. (sample courses)

References

[1] from Jack Marshall, Ph.D. Co-Founder of the International Association of Financial Engineers (IAFE)

[2] Formulas and Numerics, P. Protter, Financial Engineering News, July/Aug 2006.

[3] Math Will Rock Your World, S. Baker and B. Leak, BusinessWeek, 23 January, 2006.

[4] Actuaries: The Best Kept Secret in Business, C.L. Bilbert, Financial Engineering News, Jan/Feb 2006.