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thestressed84's picture

MBA vs. MFE

In comparing the MBA and the Masters in Financial Engineering which one of the two will provide higher chances of placement into a front office trading position (not as a quant)? Also, which program will enable you to sustain a competitive advantage as a trader? Any thought?

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ValueAdd's picture

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This topic has been discussed quite a bit in the past. Try doing a search in the archived forums and you should get plenty of advice.

mp2437's picture

I would like to know too,

I would like to know too, but as far as I know, MBA is accepted all-around, whereas it depends on the manager of the desk as to what he/she leans to. MFE is definitely better for quant trading positions though.

thestressed84's picture

Wouldnt it make sense...

to hire an MFE rather than an MBA for a trader/quant trader position? I feel that an MFE from a top tier program would be more beneficial to the firm rather than an MBA from a top tier. Right?

mp2437's picture

yes, as I said MFE is better

yes, as I said MFE is better for those positions, and the managers on quant-related desks almost always favor, math, physics, and MFE grads. MBA has exposure throughout all different branches and is very versatile, whereas if you get MFE, you are aiming for the quant-related trading, though even if you were not to do quant stuff, you could land a job in a non-quant trading desk. Like I said, it all depends on the manager of that desk and how favorable he/she views the degree you get. In my opinion, MFE is definitely better for trading, and the numbers of MFE students landing trading roles have significantly increased, and I would expect it to be so.