MS Financial Mathematics (Heavy Quant) or MS Finance - or where are the most money?

DrPhs's picture
Rank: Senior Chimp | 28

Eternal question I guess...a degree in heavy quant finance...i.e financial mathematics, quant finance, financial engineering, probabilities and finance OR MS in Finance

which pays out the most ? Front or Back office in IB.

I guess the above are questions of many of us in this group forum!!

Many Thanks!

Comments (13)

Mar 18, 2011

math = trading
msf = ibd

Mar 20, 2011
GutShot:

math = trading
msf = ibd

I am no expert but, is it really so cut and dry? I reviewed a ton of S&T arms of everything from boutiques to BB and everything in between and have seen every kind of degree and at that maybe one or two out of 10 are quant related.

Mar 20, 2011
GutShot:

math = trading
msf = ibd

Not really, people who do math/MFE masters gravitate towards trading, but for an Msf it depends on the persons interests.

Mar 18, 2011

From what I've heard, a MFE allows you to break into high positions right away.

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Mar 20, 2011

depends where

Mar 20, 2011

you'll definitely find a place in a mutual fund.......

Well, MS in finance math is sometimes looked at like completed a CFA charter, but with more quantitative than qualitative specialization.

Mar 20, 2011

If you get the degree at NYU, Columbia, Berkeley, Princeton, Carnegie Mellon, U Chicago or perhaps University of Toronto or Stanford you will definitely be actively recruited. If you do the program at a decidedly second-tier school probably not.

Mar 20, 2011

The degree is definitely highly regarded by BBs, but not for IB. It's more research and quant-oriented types of positions. You'll be better fit on the trading floor. I know people that have worked at Soros, Tudor, and SAC to name a few. These people went to NYU and Chicago for their programs. It's a very tough degree though compared to an MBA.

Mar 20, 2011

Here are the type of jobs you will get with a masters in finance...
http://www.princeton.edu/~bcf/mfaqapply.htm

Mar 20, 2011
Mr. Determined:

Here are the type of jobs you will get with a masters in finance...
http://www.princeton.edu/~bcf/mfaqapply.htm

be careful about looking at placement data. the people in those programs that get the really good jobs came into the program with some relevant experience

Mar 20, 2011

Does anyone know what the acceptance rates are at top schools such as Chicago or Princeton? I searched for it online but couldn't find this information.

Mar 20, 2011
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