ANSWER

YES . there is importance of learning mathematics of finance in engineering

Financial mathematics describes the application of mathematics and mathematical modeling to solve financial problems. it is sometimes referred to as quantitative finance, financial engineering, and computational finance. The discipline combines tools from statistics, probability, and stochastic processes and combines it with economic theory.

Prominence of Financial Mathematics

The use of mathematics and statistics within the field of finance has been increasing substantially in the past, and such a trend is expected to continue. Various types of organizations and financial service providers utilize financial mathematics as part of their core operations, such as:

• Investment banks
• Retail and commercial banks
• Hedge funds
• Investment management companies
• Corporate treasuries
• Regulatory bodies

In addition, financial mathematics is applied considerably to solve problems, such as:

• Derivative security pricing and valuation
• Portfolio creation and structuring
• Quantitative investing strategies
• Risk management

BRANCH OF ENGINEERING USAGE

For example, the Black-Scholes-Merton (BSM) Model is a mathematical model that is used for pricing options. Options are a particular form of derivative, which is a financial asset that derives its value from the price of another underlying asset.