How safe of a bet is a top MFE/MFin (MIT/Princeton/CMU/Columbia/etc) for a position as a quant?
Do these programs regularly place into top quant funds (Two Sigma, Shaw, etc.)?
Also, would doing an MFE/Mfin straight out of undergrad allow you to go straight into a HF?
MIT M. Fin. is not a quant program.
A program like Princeton M. Fin. will make you eligible for a job at any top quant fund (excluding Ren. Tech., for obvious reasons).
MIT's pre-reqs are all quant based and it has a FE concentration, so isn't it almost the same thing?
Does it? I was under the impression that MIT doesn't have a quant finance program. I could be wrong.
Every MIT MFin student ends up in a quant role. It's why the salaries are slightly higher. And they just qualified for the STEM consideration for visas.
master in finance can work in quant analysis? (Originally Posted: 10/01/2014)
hi
i am looking my options since i will soon need to seek for internships and masters (i am still in undergrad, but doesnt hurt to know some stuff)
i am in accounting and finance bachelor and i was looking some ads in a famous sites, i am not posting cause i think it might be against of terms and conditions i looked for credit analysis jobs and similar My question, when in the desired skills, you have something like that
" Master degree in Statistics, Mathematics, Econometrics, Engineering, Economics, Information Technology or other related field with strong quantitative focus. Ph.D. will be considered an asset. Up to 10 years of professional experience, with focus on the following areas: Ability and comfort in researching client inquiries and emerging issues, including regulations, industry practices, emerging trends, new technologies and methodologies. Strong analytical, problem solving and critical thinking skills."
I dont see finance in it, while i see economics, econometrics and so on IS it just the obvious that finance is related with economics so they dont put in or indeed job market has a think like econ> finance or vice versa?
can you substitute a master in econ with a finance master in those kind of jobs? (financial and quant analysis, in risk management and so on)
i was under the impression, that econ and finance, use similar math (i mean both use econometrics, right? )
http://ey.jobs/virtual-grc/experienced-professional-in-credit-risk/995C…
Looks like they're looking for strong CS skills..
Some programs are quanty (WUSTL Quant track, CMC, Baruch, MIT) and others aren't.
they just need someone who's handy with numbers and large data. the finance aspect can be learned on the job.
This is incorrect, at least in my experience.
Employers expect MSF graduates to be familiar with risk and credit modeling along with statistical programs and languages. I have been asked, on multiple interviews, about how familiar I am with credit models (KMV-Merton, Black-Cox), risk models (mainly VAR), Java, Rstudio, Matlab, Crystal Ball, etc. I have been asked about auto-regression, ARCH/GARCH, stochastic volatility, time varying Beta's etc.
As an MSF grad you're generally not applying to entry level positions and it's difficult to break into traditional IB, especially if you lack the relevant experience during recruiting. At the end of the program you're basically left applying to small boutiques that are highly specialized and that demand a lot from you. They also don't train.
most MSF do not focus on math or programming. but there are a few MSF programs do, such MIT and princeton. you can also look at master in financial engineering.
Confusing post. MSF programs in general are corporate finance focused. Banking, credit analysis, Asset Management, etc. If you want a quant program I would suggest a degree that is focused in math, programming, stats, risk management, etc.
so if i just go an "Applied Economics and finance" program i will have both pools? and corporate finance/ banking and the quant jobs?
most of MSF programs are just not designed for quant.
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