The International Association for Quantitative Finance (IAQF), formerly the International Association of Financial Engineers (IAFE), is a non-profit professional society dedicated to fostering the fields of quantitative finance and financial engineering. The IAQF hosts several panel discussions throughout the year to discuss the issues that affect the industry from both academic and professional angles. Since it was established in 1992, the IAQF has expanded its reach to host events in San Francisco, Toronto, Boston, and London.
The educational arm of the IAQF is the Fischer Black Memorial Foundation (FBMF). While the IAQF focuses on the profession of financial engineering, the FBMF aims to expose students to the financial engineering field and help them work towards a career in the industry. Financial engineering is often underrepresented on university campuses and the FBMF tries to bridge the gap between academia and the professional world. The main tool of the FBMF is the very successful "How I Became a Quant" event series that bring professionals to college campuses to tell students about their experiences getting into the field. The FBMF also co-hosts (along with SIAM and New York University) an annual career fair that draws students from all over the country to meet with the premier hiring companies in the industry. This is one of the only career fairs that is specifically for financial engineering and it is hugely popular with both the students and companies.
The IAQF is known for the quality of its events and the prestige of the panelists who present. Often, these events are evening panels with 3–4 speakers; both practitioners and academics typically sit on these panels. Much of the information presented at these events is available afterward on the IAQF website.
Every year, the IAQF honors one member of the financial engineering world with its Financial Engineer of the Year (FEOY) award. The winner is selected through an exhaustive nomination and voting process and the list of former winners illustrates the high standards that the nominees must meet. Former FEOY recipients continue to serve the IAQF as Senior Fellows and include such notable names as Myron Scholes, Robert Merton, William Sharpe, and Jonathan Ingersoll.