The unique inter-disciplinary Dual-Degree program in Financial Engineering was introduced by IIT Kharagpur in the year 2010. The program leads to B.Tech (Hons) in any Core Engineering and M.Tech in Financial Engineering. A student pursuing this program takes a total of 5 years to earn the B.Tech (Hons.) in core engineering and M.Tech in Financial Engineering.

The main objective of this program is to train students to develop strong fundamentals knowledge and expertise in the field of quantitative finance. Accordingly, the course equips the students with required skill set for careers that involve the quantitative analysis of financial instruments and financial risks. The financial engineering program is based on four key areas: (a) mathematics and statistics, (b) economics and econometrics models, c) computer and information systems(d) finance concepts, risk management tools &techniques applicable to financial institutions and financial products.

Students and faculty of Financial Engineering have access to cutting edge infrastructure provided by IIT Kharagpur needed for this program. They have access to the Central Library which is one of the largest libraries in Asia having diverse collection of online and offline resources. Computer laboratories used for this course have up to date hardware and software with many financial databases such as CMIE-PROWESS, ACE-EQUITY and CAPITALINE. IIT Kharagpur also has acquired BLOOMBERG terminals that have made the learning experience of financial engineering students more practical oriented and has facilitated access to worldwide financial data. The campus guest houses and Kolkata guest houses, which are well-equipped with all modern facilities, serves as a pleasant haven for the institute guests from various fraternities. Students and faculty reside in the campus which is equipped with high-speed wireless connectivity