How good is Tulane's Masters in Energy Management for getting an Energy Trading gig?
Are there better graduate degrees out there? I'm worried even if I applied to a program like this I wouldn't get a trading job, because I don't have any internship experience with big firms.
A little bit about myself:
I've been going for my MS in Mathematics from a non-target part time while trading stocks at a prop shop (I put up capital and they give me leverage). I make money, but not much and I'm thinking about trying something different while still staying in trading. I'd like to go somewhere to learn from great traders. Last year I applied to Jane Street and could only make it to the 3rd round. I don't have any internships (just have been prop-trading for a little over a year) and my SAT's weren't great (for some reason they care about these even though I'm 24 now) so I can't find anybody willing to take a chance on me and teach me even though I'm capable of understanding really complex things.
Can some Tulane MMG/Energy grads or students sound off? (Originally Posted: 01/30/2013)
Curriculum, placement, recruiting and industry connections all look rock solid. Any students or graduates of the program want to discuss it?
Do you think the recent USNews stuff will hurt Tulane's placement or recruiting next year?
thanks guys
I'm not qualified to speak on this topic, but this is my opinion...
I didn't know what happened with Tulane and US News until this topic prompted me to Google search. Similarly, if Tulane recruits already have a good showing on the street it is not because of its US News World Ranking--it is because Tulane students are good hires. I really doubt a MD, or whoever is interviewing you, has any idea what is going on with Tulane and US News. My .02c.
Here is the issue with Tulane.
Tulane was always kind of the energy focused MSF program. They had the dominant position in the Gulf/Texas as the only other MSF programs in the area were night time professional programs or not really huge/prominent.
Joe LaBlanc was the driving force within Tulane and the energy space. So if you wanted to do energy in Texas, Tulane was the place you would want to go (within the MSF universe).
But Joe wanted something much more energy focused and Tulane agreed. They created this MEnergy masters which was entirely energy focused. So all the kids who knew they wanted energy went to this program instead of the MSF. So what was the MSF going to do now? On top of this Joe left a year or two ago. So now you have a bifurcated masters program with the leading force gone.
Add to that UT Austin coming out with an MSF and there are some serious issues. UT Austin is the powerhouse within Texas. IMO, not a good situation for Tulane to be in.
Going forward I could see Rice rolling out an MSF program and Texas A&M throwing more weight behind their current MSF offering. That would make things real competitive, but still, Tulane would be in a tough spot. Frankly, I think they should kill the MEnergy, roll it into the MSF and make their MSF an energy focused masters to differentiate themselves from UT Austin and other programs.
.
Leblanc left? His linkedin and tulane page still list him.
Would you not recommend the program even for someone whose goal is energy trading in the south/houston?
I am current Tulane MNRG student and Joe Leblanc is still here (I am in his Advanced Trading class).
Thanks for the insight guys. I heard he had left to do his own consulting. Really good to hear that he is still on board.
Tulane Energy Trading Program (Originally Posted: 10/30/2010)
more info
http://www.freeman.tulane.edu/programs/mgmt/default.php
I'm guessing this places best into Texas?
it has not started so no clue. just info
well im going to assume its going to pull the majority of the weight from what the MFin students who currently go into energy trading from tulane and going to also build out the energy trading niche further.
I have had bad experience with this program. Tried to call for two weeks straight to get in contact with someone about signing up for their energy trading competition in September as well as emails. Never got a response.
really? I have got a reply within 24 hours on most things.
How is Tulane's Energy Management program for job placement? (Originally Posted: 01/17/2013)
Hello,
I was just wondering from students how the job placement out of this program is? I would like a career in trading. I'm open to whether its equities, derivatives, or physical commodities. I'll be applying to schools for finance graduate degrees in the fall.
Not that impressive to be honest, expect a lot of prop shops
http://www.freeman.tulane.edu/cmc/docs/2012_MNRG.pdf
Thanks. Doesn't look too bad. $62,500 median base and 90% got jobs. Some big names listed: C, MS, WF, BP. 55% got jobs in the southwest, mostly Houston is my guess.
Yeah not too shabby.
I'd imagine 90% of these are in/around Houston.
Tulane Masters in Energy Management Career Opportunities (Originally Posted: 04/16/2012)
Will be enrolling in Tulane's Energy Masters program in the summer. With an undergrad degree in finance (gpa 3.6), a CFA Level 1 designation, one summer analyst internship at a commercial bank, and eventually a master's degree in energy finance, I am looking for advice as to what sort of careers would fit that mold. I am interested in energy banking more than trading for what it's worth. Any input is appreciated.
From the research I've done on Tulane, you're most likely going to have to network to land an IB position. Tulane is respectable in NO and Houston. I'm sure through good grades and strong network you'd be able to land a decent boutique position out of Tulane.
If you're serious about banking then I would consider working for a few years in energy (corp fin) and then going for a good MBA program that is geared towards Energy.
Tudor Pickering and Holt recruit a lot from Tulane but they're in Houston.
Masters in Energy at Tulane (Originally Posted: 10/30/2010)
http://www.freeman.tulane.edu/programs/mgmt/default.php
That looks pretty cool... What do you think the stats are to get in?
Awesome, great to see the program officially announced.
Anthony how do you think this will effect the "traditional" MFin program they have?
Mixed feelings. If you want me to be blunt, I think the energy program is going to gut the MSF program. Tulane is a huge energy school. Their average starting salary is pretty low, probably the average of decent energy placements with some lower placements. By taking all of the hardcore energy guys out of the program you are going to have some mediocre placements, IMO. Tulane is just too far from the scene to place in NYC, etc. Maybe they will be able to get some TX IB jobs, but you are completing with UTA, Rice, UH MSF, Tulane UG's, all the other top schools who might look down south AND now you are competing with your own brethren, the energy MSF kids.
I would have kept the MSF program, but offered an energy specialization or maybe incorporated energy into the whole program. MSF degree's need to offer a niche, something to make them stand out. This could have been their thing.
OH YES
THERE WILL BE BLOOD
Warwick has a Global Energy MBA program - if you wanted to get an MBA while focusing on Energy and its future.
Here is a recent interview with one of Warwick's Professors: http://www.businessbecause.com/mba-faculty/wbs-energy-excitement-about-…
@anthony- Agreed. It seemed like energy placements were about the one thing their MSF had going for it post crisis, and now it looks like their divesting the value of it into this other degree. I was honestly considering the Tulane MSF for the exit opportunities I could get to energy research programs, but now that recruiting's being split...I'm not sure.
so why not just go for the MENERGY msf hope?
I would still consider it if I had a bit more information. For instance: How OCR will be handled, if the programs like Burkenroad research report will be available to the new degree, what they've done with industry contacts specific to this program, etc.
I'm still interested in Tulane as a school, I just don't quite get why they felt like they needed to spin this off of their MSF when energy/trading was mostly why people went there in the first place. Looking forward to more info on it.
are you looking to do energy finance or investment finance in the energy sector? only reason id see burkenroad is for the latter
they made this degree BECAUSE they knew people wanted more energy and trading and thus it is more tailored to that.. the old degree was filled with a bunch of finance 101 stuff
Yeah the latter. Obviously not set on this as I'm still in ugrad, but a lot of factors make working in Houston in that sector fairly interesting.
I know Tulane's wasn't near the level of Princeton or MIT or anything as far as "prestige" goes but is the perception of it still ".. the old degree was filled with a bunch of finance 101 stuff"?
so why do you need the msf if youre in undergrad still? the msf was good for energy trading and whatnot but much better to focus purely on the energy trading and build it out.. dont need equities classes if ur focused on etrading
PM'ed you
Considering Tulane's Master of Management in Energy (Originally Posted: 04/13/2014)
I desperately want to break into trading and I'm going for my MS in Math at a non-target. I have zero internship experience, but have experience day trading equities at a put up your own capital prop shop. I am net positive doing so, but I don't have the capital or knowledge to really make a living at it. I might be able to finish my MS in Math in early July instead of December like I originally thought and I was wondering if it would be worth enrolling in Tulane's Master in Energy Management? I really like the curriculum, but it's going to end up costing like $80k and I'll need to borrow money, so I need to be pretty sure I'll be able to get a job in energy trading if I do this. What's killing me is a lack of internship experience and getting an internship is tough, because a lot of companies won't take me as a graduate student. How will this degree be perceived by banks and major energy companies without an internship to go with it? Am I screwed?
http://www.freeman.tulane.edu/cmc/docs/2013_MNRG.pdf
Starting base at $72k is nice, but that's only 6/29 students who listed salaries. There's some top names listed and some names I'm not too familiar with. I'm also not sure of what positions took at those quality names. I'm looking for a path to become a trader, not get stuck in a back office. Any insights from program graduates or people who know any graduates would be greatly appreciated. $80k would be a complete waste if it doesn't translate to an energy trading job.
MSF is prob your best shot. At this point, you still have a gap between others internship experience and yours, otherwise you'd beat out a lotta sub-50 USNWR school guys. If your a domestic, all you pretty much have to do to get into a lotta MSFs (Tulane, Brandeis, OSU, etc) is take the GMAT, tho with the top MSFs like Vandy, MIT, Princeton, you'd need a legit score.
Thanks for your reply. I can ace the Math section, but I suck at the Verbal. I happened to be in Boston and went to an info session for MIT's MFIN. The admissions lady said my GRE Verbal (in the 400's) would be competitive with the international applicants. I looked at the statistics and profiles of kids attending the school and didn't even bother applying, they all blew me away. I think I would like to trade energy financials instead of physical. I just don't know how a company like BP, Shell, or the banks would perceive my experience day trading considering I wasn't able to make a living. A big problem with Tulane's Masters of Management in Energy is that it starts in the summer so there's no chance to get an internship for this year, unless I can get one during the year. What it does have is an awesome curriculum with applications that a MSF program just doesn't have.
I went to Joe LeBlanc's Linkedin page, and apparently he's no longer with Tulane. People on this forum have said that as a respected ex-energy trader with Shell he was the driving force behind the program. The listed curriculum is still awesome, but I don't know what else from the program has left with him. Does anybody have an opinion on what's better for breaking into energy trading...Tulane MNRG, SMU MSF, or UTA MSF?
Bump for mastertrader's question. Just admitted to Tulane's MNRG and it looks really cool from student reviews and their website. But I'm reading super mixed reviews on this site.
While the curriculum looks pretty awesome it's not very selective and I've heard some bad things: 1. It's summer-spring so you can't get an internship 2. The professor with the most connections left a couple of years ago, I don't know if that void has been filled 3. They haven't put up their placement stats and I wouldn't do anything without seeing those first, if I remember correctly last year's placement stats weren't very good
Tulane MS Energy program... what's placement like? (Originally Posted: 11/08/2012)
From what i've seen everyone raves about it if you want energy trading, but this:
tulane-university-masters-in-energy
(can't post links yet, just add it after /forums in the URL)
Really terrifies me. A couple of very, very disgruntled students there THOUGH they were MSF students and not Energy students, and of course they might not be representative. Can anyone with familiarity speak on the subject? I recognize that other topics exist- i've read them- but this is such a new program that I think grapevine rumors about placement and potential placement is justified.
Bumping, any rumors or input from current students appreciated!
was wondering the same thing. They've only had one class graduate though, right? I know that the program is relatively new.
Tulane Masters Energy Trading (Originally Posted: 02/23/2011)
Hey does anyone info on the new Masters of Management - Energy Finance and Trading?
http://www.freeman.tulane.edu/programs/mgmt/default.php
I know this is the first year for it so theres not much out there but the website is pretty bare. Has anyone applied? Talked to Admissions? I requested info but haven't heard back. I was wondering if they were looking for people with work experience or is it more for someone right out of undergrad? Gmat Score? If you went to work at a large bank would you be looking at analyst or associate jobs?
Its little no to work experience. I got in with a 680 and other people I know had scores around there or better
Taking into account its MSF and other similar programs (Vanderbilt,Villanova,new OSU program),it should be with little WE.But its seems way too concentrated.I mean,what else can you do with this degree beside energy trading?You dont learn corporate finance,Asset Management,and even in trading you are restricted to energy,No equities,no FX,no fixed income (which is by far the most commonly traded sector).Even in commidities,you are restricted,no metals & minerals,just oil...
Yea I had the same concern, I think it would be great if it had a program more like Cass in London.
Tulane's MS of energy (Originally Posted: 03/19/2012)
I've been admitted by Tulane's Master of energy management and Maryland's MS finance program. I'm personally inclined to go to Tulane, because Tulane seems to do well in the energy field.
The problem is that this is a new program, so I can find little information about it. Is there anyone can share more information?
BTW, I'm an international student. My goal is to find a job(or internship) in banks, consulting firms in America. Is Tulane a good choice for me?
Thx so much!
They spoke about this briefly at this year's Energy Rodeo and to me it sounded like a solid program. I remember being impressed with their trading program / faculty they had teaching the courses.
Know a lot of people who went to Tulane and work in IB and S&T if that is your end goal, especially if you want to be on the energy side of things pretty solid school. As far as the program itself goes not sure about it. The people I know either had their undergrad or MBA from Tulane can't imagine recruiting would be much different for someone with an MS of Energy.
Tuition fees are too damn high.
Tulane is solid and I think their M.Energy program will be very sought after, especially in the Houston/Texas area. Lot of great banks down there with a nice work/life balance.
omg to that tuition
Pricey, but I guess if it lands you a job in energy it could be worth it.
Thx to all of you~
I was accepted into the MNRG program and have already sent in my acceptance letter. I am really excited about this program and think very highly of the future opportunities that will become available. Have you made any further decisions regarding your choice of institution?
I was accepted into the MNRG program and have already sent in my acceptance letter. I am really excited about this program and think very highly of the future opportunities that will become available. Have you made any further decisions regarding your choice of institution?
http://www.wallstreetoasis.com/forums/tulane-university-masters-in-ener…
sector fairly interesting.
Tulane's New Master of Energy Program presenting at Energy Rodeo (Originally Posted: 01/19/2011)
They confirmed this morning.
Great news. I am familiar with this program and it is developing into the top program for energy/trading. Should be interesting.
That's awesome man, congrats.
Damn man, making waves with that BSD haha. I wish I could be there, keep kickin @ss!
This is good news!
Will anyone be at this and can post about it? Im up in Canada and really interested in this program for next year...or anyone have thoughts on it? If its only been going for one year, how has it developed into a top trading program? Thanks....
It's a spinoff from the normal Tulane MSF--which has excellent placement into energy. If you ask me, the normal MSF's job placement stats will probably drop considerable once Energy placement stats start going to the energy MSF.
it has not had a class yet and starts next fall. I will post all details and you can PM me for more
Cool, thanks Monty.
Great...Excited to hear about what their program is gonna look like...Thanks Monty
Tulane Master of Energy Application Deadline extended to May 1 (Originally Posted: 03/17/2011)
Just had a meeting with Tulane and deadline has been extended
Extended the Apri 1st deadline til when?
read above
i had been getting emails sent to me from when i said i was interested many moons ago might not have gotten enough people for inaugral class ;x
class has gone from 28 to 40 spots.... program is slightly behind on getting info to people applying and already accepted..
Are there more applicants than they expected, is that why the class got expanded? Do you know when the program information is going to be put on the freeman admitted student's website?
I will ask Joe and get back to you
muchas gracias
Im sure this has been asked before but how do you think this program will place? Wil their be ocr for energy bb's, oil majors and energy prop shops?
My guess is they're looking to fill more spots. It's too bad the program doesn't provide ANY kind of aid. I'm sure that would make it a lot more attractive.
Tulane Ms Energy admissions (Originally Posted: 10/11/2011)
Curious if there is anybody applying this year, or students from this past year who can shed some light on the admissions stats and competitiveness (gpa, gmat, etc.) Thanks in advance guys.
go to energy rodeo in February.
Tulane admissions head was there last year. In fact one of the monkeys on the site here, talked to him and ended up getting in, even though he decided to go elsewhere.
Fact. I'd highly recommend attending the rodeo and speaking with Joe.
if there anyone applying this year?
my background: I'm from China. G730, TOEFL 109, gpa of Double bachelor (finance 3.52, chemistry 3.11), some internship in commercial bank.
Do I have chance?
I have recently been accepted to study for Tulane's Master of Energy program. I highly encourage you to apply, as your scores are very impressive and you have intern business experience.
I am from the United States, with undergraduate Bachelor's in Accounting; gpa 3.65 and 2 years accounting internship experience; GMAT score 630
Speaking with Joe LeBlanc is a good way to introduce yourself, as he is very important to the success of this program! I met with him and watched one of his lectures on campus while my application was pending. I was very impressed.
Tulane MERG? (Originally Posted: 12/12/2012)
Looking into MS programs for the fall, and saw Tulane's MERG program? I would LOVE to work in Energy IB/ST down south. BB/IB/Boutique, anything. Would this program help me get there? According to MERG site, their average GMAT is 620, but average work experience is 1.5 years. I have no fulltime work experience, but my GMAT is 670. Chances?
Thanks!
Anyone?
Youre In
Can you expand on that?
I think you get big chance in MSF
?
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