15 Comments
 

Depends from where. I have an "advanced non-MBA degree" and several of us went into hedge funds.

Of course, if it is a degree from Dakota State University...

 
maxcanadaDepends from where. I have an "advanced non-MBA degree" and several of us went into hedge funds.

Of course, if it is a degree from Dakota State University...

In what?

 
maxcanadaDepends from where. I have an "advanced non-MBA degree" and several of us went into hedge funds.

Of course, if it is a degree from Dakota State University...

In what?

 

I have never heard of a degree in financial economics. Maybe you mean econometrics or something.

Basically you have a Masters in Finance and a Masters in Financial Engineering/ Financial Math.

MIT, Princeton, CMU are probably the elite schools awarding this degree. Outside of this you have solid regional schools. The above mentioned schools will undoubtedly open doors for you, but by and large a non MBA masters degree will place you in a gray zone with companies and recruiters. Does this mean it isn't a worthwhile degree? No, but it means you have to be prepared to sell yourself and your decision.

 

The degree looks to be pretty common in Europe and overseas. In the states it is usually called a Masters in Economics.

As far as being "the quintessential investing degree" that might be the case overseas, but not here. MBA still holds the reigns. Non degree options are primarily focused on the CFA.

 
Best Response

All PhDs in finance are, by definition, PhDs in financial economics. A master in financial economics is essentially a lightweight PhD in finance, unlike a master in finance which is usually just a professional degree with much less theoretical content. Unlike mathematical finance programs like the Chicago one, financial economics programs are not meant to prepare you to be a sell-side desk quant. However, they are a perfectly good fit for client-facing sell-side or buy-side quant research/strategy roles. It is meant for those who want to do financial research in the industry as opposed to academia.

Hope this helps...

 

im in the same position after being in finance for two years. trying to decided whether an msc or mba will be more beneficial for PE or M&A. according to some job posts, lots prefer people will 1-3 yrs experience, no MBA. thats if u want to get into IB analyst roles.

P
 

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