Profile check for MIT MFIN, Princeton MFIN, other top MFINs

srivats's picture
Rank: Chimp | banana points 7

I am looking to apply for MFIN programs in US.

My brief profile
Undergrad: BA Economics from top school in India (70%: top 10% in University; no GPA out of 4.0 in India)
Post Grad: General MBA, IIM, India (top business program in India) mediocre GPA 3.0/4.0 but does GPA in MBA program matter?
GRE: Quant: 166, Verbal 162
Work ex: will be five years while entering. All five years working as FX and derivative sales for different banks in India
Programming knowledge: Nil so far but will do a certificate course in MATLAB before application
Reason for applying: move to a more sophisticated market like NY, Londonin similar roles. currently engaging in basic vanilla derivative products. n

Q1: What are my chances in top MFIN programs?
Q2: What improvements can I bring to enhance my application?

Comments (13)

Apr 9, 2015

MFin are typically for career starters- they can bring you for a "diversity", but you probably wont be heavily recruited by them. Plus you had a MBA already--top MFin are used to substiute MBA for a while in Finanila industry.

Apr 8, 2015

Thanks @shuang19" You mean to say not good chances of recruitment after Mfin? I understand that Mfin is mostly a substitute for MBA but I want to do it to get access to sophisticated markets like London, NY. And move more towards product side/structuring.

Apr 9, 2015
srivats:

Thanks @shuang19 You mean to say not good chances of recruitment after Mfin? I understand that Mfin is mostly a substitute for MBA but I want to do it to get access to sophisticated markets like London, NY. And move more towards product side/structuring.

you may find alums from those programs to be helpful. I'm sure if it's some easy-to-get MFin, it doesnt help you much other than relocation

the key is everyone is different--how to establish your advantage among other applicants. when others see that MFin are typically fresh UG with

Apr 8, 2015

Thanks once again @shuang19" I will try to get in touch with some alum to get more perspective.
I think Mfin can help me a lot in terms quant skills. Since my MBA was general where I took whole lot of courses even from marketing, strategy etc apart from finance.

Apr 9, 2015
srivats:

Thanks once again @shuang19 I will try to get in touch with some alum to get more perspective.
I think Mfin can help me a lot in terms quant skills. Since my MBA was general where I took whole lot of courses even from marketing, strategy etc apart from finance.

then targetting MFE is more consistent. Princeton MFin is like a MFE on UCLA or UC Berkeley; MIT MFin is said to be the most quanty MFin among most MFin programs

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Apr 8, 2015

Thanks. Really appreciate your suggestion. Also I am trying to figure out which mfin/mfe has highest proportion of students with business/commerce/economics undergrad.

Apr 9, 2015
shuang19:
srivats wrote:

Thanks once again @shuang19 I will try to get in touch with some alum to get more perspective.

I think Mfin can help me a lot in terms quant skills. Since my MBA was general where I took whole lot of courses even from marketing, strategy etc apart from finance.

then targetting MFE is more consistent. Princeton MFin is like a MFE on UCLA or UC Berkeley; MIT MFin is said to be the most quanty MFin among most MFin programs

No. The MIT's MSF is not inherently the most quanty MSF program in the country. It's a myth derived from the school's reputation.

Apr 9, 2015
Esuric:

shuang19 wrote:

srivats wrote:
Thanks once again @shuang19 I will try to get in touch with some alum to get more perspective.
I think Mfin can help me a lot in terms quant skills. Since my MBA was general where I took whole lot of courses even from marketing, strategy etc apart from finance.

then targetting MFE is more consistent. Princeton MFin is like a MFE on UCLA or UC Berkeley; MIT MFin is said to be the most quanty MFin among most MFin programs

No. The MIT's MSF is not inherently the most quanty MSF program in the country. It's a myth derived from the school's reputation.

My statement may not have been the most accurate--
Among MFins that are corporate focused, I think MIT MFin is quanty.

For the MFins like Princeton (essentially MFE), then they're even more quanty and probably fit for FX, Derivative or for FRM designations..

That's what I have heard, but I'm open to your thoughts :)

Apr 8, 2015

sorry for asking very basic stuff. But what do you guys mean by "more quanty" . More math ? More programming? or more stats modelling ?

Apr 9, 2015
srivats:

Thanks once again @shuang19 I will try to get in touch with some alum to get more perspective.
I think Mfin can help me a lot in terms quant skills. Since my MBA was general where I took whole lot of courses even from marketing, strategy etc apart from finance.

I don't think this may help you much.
MFE/MSF are highly flexible; if you know probability and coding, you can do fine in MFE. If you have some Calculus 1,2,3 background, MSF will also be fine for anyone. It really doesnt require much other than intensive training during the program.

So much of the industry is filled with Math, Engineering, Comp.Sci, Statistics, Physics type of UG majors, and Econ is neither a strength nor weakness. Plus you've been out of school for many years (we forget things back from college! lol)

Apr 8, 2015

I agree. forgotten school stuff. Will put in effort to go through college textbooks before starting school.
Sorry for throwing in more queries: Bu t what are chances of landing a job in NY if I do a non US MFIN/MFE for e.g. LBS Master in Finance ( I checked and I have decent credentials to apply there based on requirements on their website).

Apr 9, 2015
srivats:

I agree. forgotten school stuff. Will put in effort to go through college textbooks before starting school.

Sorry for throwing in more queries: Bu t what are chances of landing a job in NY if I do a non US MFIN/MFE for e.g. LBS Master in Finance ( I checked and I have decent credentials to apply there based on requirements on their website).

first, for your question about quanty to the other friends--i throw in my two cents
statistics: maybe but probably applied sense; programming--yes, checkout CUNY Baruch PreMFE or Berkeley MFE bootcamp. Code lines: you betcha. Industry for Quanty ones--IB (few), usually Asset Management; Credit Analysis; FRM, Insurance modeler

Everyone wants to be in NY, and it will take the best---rest to be oursourced in anywhere in the U.S. or the world. LBS isnt bad, but it isn't a guarantee--even if you're H/S/W, you'll need extra efforts to be in those places--including researching. That means you should research some more too--asking question is fine, but asking easy ones won't help you at all.

Apr 9, 2015