Factor of undergrad Prestige in becoming a Quant

I understand that becoming a quant requires at least a masters and Ph.D and that risk analysis and similar desk analyst roles are completely different jobs than investment banking, but is there a similar "target school/semi-target/non-target" attitude in which getting a quant job is largely dependent on the amount of recruiting or interview spots for one's undergraduate college, or is it similar to a programming/computer science job in which roughly everyone is paid on a similar scale (except for a handful of elite) with a lot of upward mobility for salary, and undergraduate institution doesn't play as big of a role as it would for IB, and instead grad school is what matters most? Also, is it possible to get into a good MFE grad school with hard work in undergrad?

Sorry this is probably an extremely basic question but I'm not very familiar with the general field and couldn't find detailed answers online for these specific questions. I'd greatly appreciate anyone taking the time to clear up a few of these questions for me!

Comments (7)

 
Learn More

814 questions across 165 hedge funds. 10+ Sample Pitches (Short and Long) with Template Files. The WSO Hedge Fund Interview Prep Course has everything you'll ever need to land the most coveted jobs on the buyside. Learn more.

 
12/31/69

MIT?

"You stop being an asshole when it sucks to be you." -IlliniProgrammer
"Your grammar made me wish I'd been aborted." -happypantsmcgee

 
12/31/69

Princeton and LSE have great reputations for their MSF programs.

 
12/31/69
 
12/31/69

http://rankings.ft.com/businessschoolrankings/mast...
...bs rankings but could give you some ideas if you're looking outside the US

 
12/31/69

I'd guess Princeton's MSF, Berkeley's MSFE, and CMU's MSCF would be your best bets. I think Columbia and Cornell have pretty good programs too. I'm sure there are also some "Financial Mathmatics" type programs out there that can get the job done - think NYU has a good one.

 
12/31/69

1-Click to Unlock All Comments - 100% FREE

Why do I need to be signed in?
WSO is a knowledge-sharing community that depends on everyone being able to pitch in when they know something.
+ Bonus: 6 Free Financial Modeling Lessons with 1-Click Signup ($199 value)