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I just recently finished one of these MFE programs. I would not recommend it unless you can program and actually enjoy programming.
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Jan 31, 2011 02:00
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LactoseO.D.'d posted:How are your job prospects? Not that great as I'm still looking for a job at the moment. I’m trying to get into trading. The problem is most people don’t want to be quants after doing the program.
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Jan 31, 2011 06:00
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LactoseO.D.'d posted:That is incredibly ironic considering most people enter wanting to become quants. I guess making term sheets for exotics all day isn't as riveting as people think it will be. I've gone through all of Wilmott's stuff and its certainly not something I'd ever want to do. Props to you for finishing. The job market is really bad for quants right now. Right now the market for structured products/OTC exotic products is pretty much dead. Regulators looking to push these things to the major trading exchanges means much lower profit margins. Another problem is that schools are producing too many MFE graduates. Almost every MFE program in 2007/2008 had 100% placement, because admissions was really competitive. The top tier programs like Berkeley, CMU, NYU, etc would only admit about 70 students each. Second tier programs like Rutgers and Kent State would admit like 10 students a year. Now many of these schools have several different masters programs that are almost identical to their flagship MFE.
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Feb 1, 2011 20:10
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5436 posted:Whats my best path to a MFE if I had a low undergrad GPA? I would find a MFE program that you really want to go, and just take courses as a non degree student. Try to get at least a 3.6. Most of these programs will let you transfer the course credits you took as a non degree student to your masters if you're later admitted into the program.
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Feb 1, 2011 20:19
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