I’m contemplating applying for Masters in Financial Engineering. The main reason for this is that it doesn’t need work ex though they’d prefer people with some work-ex. I’ll be applying for next May/June and in the meanwhile I do hope I get some relevant work-ex. MFE is a 1 yr hard core quant course as opposed to an MBA which is a two year course of which most of the 1st year courses would be covered if I take my CFA Level-II. So, a 1yr niche course with decent knowledge in other Financial instruments is what attracts me to MFE. The question I wanted to ask is, how is the job market in the US and are quants still “in demand”? Also, if you’ve have any gripes about MFE what are they and why would you not want me to do it. PS: Be as blunt and hard as you can if you wish to discourage me from opting for an MFE. The thing is I’m quite good with the quant part and I’m a bit desp to hit a decent job and I’ve taken the age old “good school = decent job route” to land that decent job. Should I wait? Should I take up MFE. Are there any other possibilities? Shoot them now!
Erm, that doesn’t add much to my question(s)
Er, that long word broke the forum… Anyway, OP, most MFE programs post employment reports for their recent graduates. They look like this: http://mfe.berkeley.edu/careers/placement2010.html So, I would encourage you to look at the websites for the programs that you are applying to. This is probably the best way to gauge demand for new MFE graduates.
Ohai, I only got relevant info on MIT Sloan’s and Haas’ websites. I tried a bit on other sites too like Baruch,Columbia etc but it wasn’t of much help. I was asking about the general perception there in the US about Quants/MFE’s and how the hiring scenario is. Btw what’s with all the Engggggg posts? I don’t get it!
I think the “Engg” is because you wrote that in the subject header. Anyway, the answer to your question really depends on what program you are thinking of attending. Evidently, the job prospects for graduates of highly-ranked programs like Berkeley or MIT are pretty good. If you are thinking of less established programs like Baruch, there will be much more uncertainty. Not all MFEs are equal, just like not all MBAs are equal.
Agree with the last sentence. I’m yet to tale the GRE/GMAT. Just looking at the course. My GPA is pretty low so I guess a very high GRE/GMAT score could offset it a bit.
But on a serious note, shouldnt engineering be abbreviated eng
I say go for it as long as you think you have what it takes to finish (those are very challenging course loads). Most of those programs are well respected and place well. Although, much of that has to do with your current prospects and background (which we don’t know based on the post). If you’re already where you want to be then never mind.
eng.
Friend told me CMU’s endowment is hiring…free tuition.
Regarding the “Engg” part, well it’s a cultural thing. We abbreviate Engineering as “Engg” as in the first 3 alphabets ‘Eng’ + the last alphabet ‘g’. It’s the same with “special” too, we write “spl”. Yea I know CMU is pretty good too but I haven’t found any placement data there. My top-4 are Haas,Sloan,CMU and Columbia. Any colls better than these that I missed?
Hey_I_am_the_Dude_man Wrote: ------------------------------------------------------- http://lmgtfy.com/?q=top+mfe
Oh bruvva bruvva I do know how to google! I was asking people here coz I thought they might have some peers in MFE who know which colls are “the deal”
Where are you from?
Curry land!
Love curry. Don’t say “alphabet” instead of “letter”. “3 alphabets” are, for example, Arabic, Latin and Cyrillic alphabets.
Hey_I_am_the_Dude_man Wrote: ------------------------------------------------------- i think it depends what “deal” you are looking for just -> http://lmgtfy.com/?q=top+mfe to -> http://www.global-derivatives.com/forum/index.php?topic=3460.0