Financial Engineering masters programs

Sterling · Apr 8, 2004

HI All

If your smart enough to get into University of Chicago why in hell would u waste your time on a masters degree in financial engineering??? Havnt u heard about offshoring? They'll be able to hire Indians with PHds for peanuts. U need to get into a field where u can control your own destingy like med School, dental school or law school.

barsik · Apr 8, 2004

Quote from Copernicus:

doesnt u chi have a 12 month prep course for their degree?
and even that doesnt guarantee u get a spot in the program i heard.

It was my feeling that the admission is biased
towards people with math/physics background
(vs. finance industry/trading); recommendations from your math/physics professor would help a lot.
Getting in is not easy, and the amount of workload is quite high (I think it would be impossible to combine full-time studies with a full-time job).

PM me if you have more questions.

barsik · Apr 8, 2004

Quote from Sterling:

HI All

If your smart enough to get into University of Chicago why in hell would u waste your time on a masters degree in financial engineering??? Havnt u heard about offshoring? They'll be able to hire Indians with PHds for peanuts. U need to get into a field where u can control your own destingy like med School, dental school or law school.

Nothing is immune, not even medicine, although
it would be hard to offshore emergency rooms.

sammy12 · Apr 8, 2004

Even Medicine is not immune. Most of the Radiologist work (Like X-Ray and CAT scan Reading) is already being off-shored

Copernicus · Apr 8, 2004

Quote from riskarb:

I don't know, but I wouldn't be suprised. It's very tough to get into even with a very solid math and/or physics background. A buddy of mine went thru the program and was hired by Citadel(hedge fund).

I've a hard-science background but I was floored by the work, sat thru a lecture by Dr. Tsay last year. Super-fast pace...

The top schools are really for maths/physics undergrads.

riskarb

Yeah i can imagine, Dr. Tsay has to be awesome, London school of economics is using his book on analysis of financial seeries.

Copernicus · Apr 8, 2004

Quote from Sterling:

HI All

If your smart enough to get into University of Chicago why in hell would u waste your time on a masters degree in financial engineering??? Havnt u heard about offshoring? They'll be able to hire Indians with PHds for peanuts. U need to get into a field where u can control your own destingy like med School, dental school or law school.

I dont know sterling, but in my opinion trading the markets is the ultimate "control your destiny profession" how do u control your destiny being a doctor, a lawyer? all u can do is work more hours. besides, even with a masters in financial engineering and a corporate job at an IB u make more starting out than 75 % of doctors with a 10 yr practice.

bungrider · Apr 8, 2004

Quote from Copernicus:

doesnt u chi have a 12 month prep course for their degree?
and even that doesnt guarantee u get a spot in the program i heard.

kinda defeats the purpose of the "1 year degree," yes yes??

bungrider · Apr 8, 2004

Quote from Sterling:

HI All

If your smart enough to get into University of Chicago why in hell would u waste your time on a masters degree in financial engineering??? Havnt u heard about offshoring? They'll be able to hire Indians with PHds for peanuts. U need to get into a field where u can control your own destingy like med School, dental school or law school.

because there will ALWAYS be rich people to take money from...

AND the punjabi institute of technology does not carry the same name recognition as the U of C.

riskarb · Apr 8, 2004

Quote from Copernicus:

Yeah i can imagine, Dr. Tsay has to be awesome, London school of economics is using his book on analysis of financial seeries.

Yes, an incredibly quick mind, from what I could gather from a single lecture. I have one of his books gathering dust on the shelf.

riskarb

riskreward · Apr 8, 2004

I looked into these programs. Carnegie Mellon is good. They also offer a non degree certificate program which might be worthit. They are the only school that has shown placement stats. Look very carefully into all these programs. Not all show placement stats. A lot are just cobbled together from different departments and maybe too theoretical. Another option worth looking into that might be easier to get into but w/ good placement is the oregon institute of tech. Still tough to get in but easier than Carnegie Mellon.