discussion on second rated mfe programs _ page 2 _ quantnet community

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 2/ 18 /2 01 5 DI SCUSSION on secon d ra te d MFE p ro g ra ms | Pa ge 2 | QuantNe t Co mmun it y ht tps:/ /www. q ua nt ne t.com/th rea ds/d iscussion-on-se co nd -rate d-mfe-p rograms. 1 20 6/ pa ge -2 1 /1 3  C++ Programing for Financial Engineering Online Certicate .  Appro ved for 15 CPE credit hours by GARP  < Prev 1   17 Ne xt > DISCUSSION on second rated MFE programs charlieLuo said: I disagree with this. You appear to be looking at this from the viewpoint of someone who is attending or has graduated from a "1st tier" school. If so,  your viewpoi nt repre sents a minority of all involved (t he schools, oth er aspiring students, headhunters, and employers). Take my self a s an example. I am a recently married teacher, and am thus stuck in  the m etro  area for a considerable amount of future time. I happen to want to change careers. If a program costs 40k (i.e. Fordham) but gets me a starting salary of 60k with raises that will average out to greater than 5% each year,  then attending t he lower tier program is a mu ch b etter financial decision than sticking around as a teacher. In a matter of 5 years I  will have more money th an if I continued to teach. Faced with this conclusion, I am more than willing to attend a non 1st tier school as long as I will receive a competent education. Of course I would prefer a 1st tier, but I am realistic. I do not think that "if can not get into a FACEBOOK TWITTER 3 4 5 6 2 Carl Member The first tier programs  think it makes a lot more sense to gure out "the rst tier programs" others are those who do not have good placement. if so it does not worth the $$$$$$. so simply avoid em. no need to learn more about them. if can not get into a rst tier, do something else maybe is a better idea. this is similar to MBAs. anything 2nd tier or lower has much lower value than the rst tier.  Click to expand...

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  • 2/18/2015 DISCUSSIONonsecondratedMFEprograms|Page2|QuantNetCommunity

    https://www.quantnet.com/threads/discussiononsecondratedmfeprograms.1206/page2 1/13

    C++ProgramingforFinancialEngineeringOnlineCertificate.Approvedfor15CPEcredithoursbyGARP

    DISCUSSIONonsecondratedMFEprograms

    charlieLuosaid:

    Idisagreewiththis.Youappeartobelookingatthisfromtheviewpointofsomeonewhoisattendingorhasgraduatedfroma"1sttier"school.Ifso,yourviewpointrepresentsaminorityofallinvolved(theschools,otheraspiringstudents,headhunters,andemployers).

    Takemyselfasanexample.Iamarecentlymarriedteacher,andamthusstuckinthemetroareaforaconsiderableamountoffuturetime.Ihappentowanttochangecareers.Ifaprogramcosts40k(i.e.Fordham)butgetsmeastartingsalaryof60kwithraisesthatwillaverageouttogreaterthan5%eachyear,thenattendingthelowertierprogramisamuchbetterfinancialdecisionthanstickingaroundasateacher.Inamatterof5yearsIwillhavemoremoneythanifIcontinuedtoteach.

    Facedwiththisconclusion,Iammorethanwillingtoattendanon1sttierschoolaslongasIwillreceiveacompetenteducation.OfcourseIwouldprefera1sttier,butIamrealistic.Idonotthinkthat"ifcannotgetintoa

    Home Forum QuantEducation QuantPrograms

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    3 4 5 62

    CarlMember

    Thefirsttierprograms

    Ithinkitmakesalotmoresensetofigureout"thefirsttierprograms"

    othersarethosewhodonothavegoodplacement.ifsoitdoesnotworththe$$$$$$.sosimplyavoidem.noneedtolearnmoreaboutthem.ifcannotgetintoafirsttier,dosomethingelsemaybeisabetteridea.thisissimilartoMBAs.anything2ndtierorlowerhasmuchlowervaluethanthefirsttier.

    Clicktoexpand...

  • 2/18/2015 DISCUSSIONonsecondratedMFEprograms|Page2|QuantNetCommunity

    https://www.quantnet.com/threads/discussiononsecondratedmfeprograms.1206/page2 2/13

    #21

    #22

    firsttier,dosomethingelse,"isagoodidea.

    Unfortunately,thereishardlyanyinformationconcerningnon1sttierprogramsotherthanthatfoundontheprogram'swebsite(somewhichhasbeenshowntobe,attheleast,verymisleading).

    It'sgreattoknowthegoodthingsaboutprograms.Itisalsogreattoknowthebad.Thisway,Icanavoidmakingahorriblemistake.

    Carl,3/4/08

    Carlsaid:

    Iagreewiththegeneralthrustofyourresponsebutthereareacoupleofissuesherethatneedclarification.Thefirstisthatgarbageprogramsmaybeorientingtheirstudentstojobstheyhavenorealisticchanceofsnaggingquantjobsatbigfirms.Theskillsetrequiredforthosejobsisdifferenttothoserequiredforhumblerpositions.Iftheyfillyouupwithstochasticcalc,MonteCarlo,etc.,you'rebeingpreparedforaquantrolewhichyoumaynotgetbecauseyourschoolhasabadreporyouhaven'tbeenproperlytrainedortherearesimplytoomanyapplicantsforalimitednumberofjobsbutyoucan'tapplyforMBAtypejobsbecauseyouhaven'treceivedagoodoverallfinanceeducation(IknowMFEtypeswhocan'treadfinancialstatements,thoughthat'sabasicskill).Relatedtomypreviouspoint,theMFEhasyettocatchon(butprobablywillinthefullnessoftime)asacompetitortotheMBAnotjustinIBs,hedgefunds,andfinancialboutiques,butacrossAmericanbusinessasawhole,astheyunderstandtheneedformorequantorientedpeoplethanwhatMBAprogramsmaybechurningout.Andsecondtierschoolswillhavetolearnhowtocatertothisgrowingmarketbyprovidingpeoplewithamixofquant,computing,andbasicfinancialskills.Thishasyettobedone.Andinmyhumbleopinion,there'salatentmarketforthis.

    bigbadwolf,3/4/08

    bigbadwolfWellKnownMember

    Idisagreewiththis.Youappeartobelookingatthisfromtheviewpointofsomeonewhoisattendingorhasgraduatedfroma"1sttier"school.Ifso,yourviewpointrepresentsaminorityofallinvolved(theschools,otheraspiringstudents,headhunters,andemployers).

    Takemyselfasanexample.Iamarecentlymarriedteacher,andamthusstuckinthemetroareaforaconsiderableamountoffuturetime.Ihappentowanttochangecareers.Ifaprogramcosts40k(i.e.Fordham)butgetsmeastartingsalaryof60kwithraisesthatwillaverageouttogreaterthan5%eachyear,thenattendingthelowertierprogramisamuchbetterfinancialdecisionthanstickingaroundasaClicktoexpand...

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  • 2/18/2015 DISCUSSIONonsecondratedMFEprograms|Page2|QuantNetCommunity

    https://www.quantnet.com/threads/discussiononsecondratedmfeprograms.1206/page2 3/13

    #23

    Ifaprogramcosts40k(i.e.Fordham)butgetsmeastartingsalaryof60kwithraisesthatwillaverageouttogreaterthan5%eachyear,thenattendingthelowertierprogramisamuchbetterfinancialdecisionthanstickingaroundasateacher.

    Thequestioniswhetheryouwillgetthisjob.Yesofcoursemanyjobsgotononfirsttier(whateverthatmeans),butthatisnotguaranteed,andyou're100%rightthatinformationonthelessbrandedschoolsissparseandunreliable.AsaHHIdothiscrapforaliving,andIstruggletogetareliableview,someonejustgooglingisgoingtohaveithard.$40Konateachingsalaryisabiglumpofcashand12yearsisserioustimesoyouhavemysympathy.FordhamisthefirstprogrammewhereI'vereceivedinformationthattheyareactuallylying,butchoosinganythingbasedsolelyuponbrochuresisnevergoingtoworkoutwell.Theyaresalespitchesforhighpricedproducts.ARolexaddoesnotsay"Ourwatchesareprettygood,butnotforyouifyouwantadigitaldisplay,orareallergictothealloyweuse,alsosomepeoplefindthemabitthick".Theyhavesomesportsdudeimplyingthatifyouwearone,youwillbemistakenforTigerWoodsandDavidBeckham.FordhamusesDescartesandJamesJoyce.Sameidea.

    TheotherproblemforbothmeasaHH,andpeopletryingtomakegoodchoices,isthatasonemoves"downtier",thenumberofprogramsgoesuprapidly.TherearesomeprogrammesthatIliterallyhavenodataatall.

    DominiConnor,3/4/08

    bigbadwolfsaid:

    ThatisaseriousmisunderstandingofOxford'sadmissionsprocess.Oxford'sadmissiontutorsareextremelyinterestedinmarks.ECs,leadershipandpersonalqualitiesarecompletelyirrelevanttotheprocess(unlessyourECisthatyouwereontheInternationalMathsOlympiadteam).AstheparentofonestudentatOxford,andanotherwhoisapplyingtoOxfordandtheIvies(asasafetysinceOxfordissoferociouslyhardtogetinto),IcanassureyouthatOxfordarefarmoreobsessedbyacademicexcellencethantheIvies.

    AmericanswhoapplytoOxfordareexpectedtohaveATLEASTmid700s

    DominiConnorQuantHeadhunter

    israelrtNewMember

    ThusOxford,forexample,basesitsadmissionprimarilyonaninterview.Ipersonallyknowofcaseswherethey'vemadeoffersaskingforonlytwo"E"gradesatGCE"A"levels.

  • 2/18/2015 DISCUSSIONonsecondratedMFEprograms|Page2|QuantNetCommunity

    https://www.quantnet.com/threads/discussiononsecondratedmfeprograms.1206/page2 4/13

    #24

    #25

    inall3partsoftheSATs(ie:scoreof1500CR+Mor2250CR+M+W),plus3SATSubjectstestsinthehigh700s,plus4APswithascoreof5each.Thisisjustforstarters.Inaddition,theresultsofthecoursespecificstandardisedentrancetestsrunbyOxfordareextremelyimportant.TheseincludetheLNAT,HATandtheSTEPforlaw,historyandmathematicsrespectively.InthecaseofUKapplicants,theylookatmarksstartingfromtheyear10GCSEgrade,the"predicted"Alevels(sincethestudentsapplybeforetheyhavetheirfinalAlevelresults).ThepredictedAlevelscoreneedstobeatleastAAAforthecandidatetoevenbeconsidered.AAAAAiscommonandAAAAAAAisnotunknown

    IFyouscoreextremelywellontheacademicsections,youarecalledtoaninterviewthatistechnical/brainteaserbased.Ifyoudowellattheinterview,youareplacedonashortlistofcandidateswhoarecomptetingforthelimitedplacesineachsubject.Ifyouareoneofthebest,oncemarksandtheinterviewareconsidered,youareofferedaconditionalacceptancewhichisusuallybasedonyouachievingaAAAontheAlevels.Ifyoufailtomeettheconditionalscore,youdontgetin.

    Iftheadmissionstutors(ie:theactualprofessorswhoteachyouthesubjectwhenyouarrivethere)thinkthatyouareamazinglybrilliant,theymay(veryrarely)offeryouaEEasaconditionofacceptance.Thisismerelymeanttosignalthattheyreally,reallywantyouandthinkthatyouarenearlygeniuslevel.ThekidswhoareofferedEE,normallygetAAAAsincetheyareusuallythemostacademicallyproficientoftheentireapplicantcohort.

    Realistically,unlessyouareatleastatthe98thpercentilelevel,applyingtoOxfordisawasteoftime.Infact,theiradmissionwebsiteisquiteopenaboutthis,sayingthattheyarelookingforapplicationsfrompeopleinthetop2%orbetteroftheircohort.

    israelrt,3/4/08

    "FordhamusesDescartesandJamesJoyce."

    IfailtospottheconnectionbetweenFordhamandthesetwofinegents.AFAIK,DescarteswasafrenchmanandJoyce,althoughborninIreland,livedalloverEurope(includingFrance).

    Poirot,3/5/08PoirotNewMember

  • 2/18/2015 DISCUSSIONonsecondratedMFEprograms|Page2|QuantNetCommunity

    https://www.quantnet.com/threads/discussiononsecondratedmfeprograms.1206/page2 5/13

    #26

    #27

    WhichprogramshouldIchoose?

    Iamaninternationalstudent.IhavegotadmissionfromMSCF@CMU,MSFM@UChicago,MFE@UMich,andpotentiallyfromMFE@Columbia

    Cananyonegivesomecommentsandperspectivesontheseprograms?Especiallyregardingjobopportunitiesforinternationalstudentsintheseprograms,andalsootherimportantaspects.Thankyouverymuch!

    Feng,3/5/08

    Ofthefour,CMUhasbeenupfrontwithitsinternshipandplacementdatawhiletheother3providesnothing.WordsIheardisthatMFE@Columbiaisreallybadwithitsplacementthisyear.Only15ofthe67orsograduateshasfoundjobsduetoitslargeclasssize,terriblemarketcondition,foulweather,badfengshui,etc...UMichisabigschoolbutnotexactlyatthecenterofafinancialcenter.UChicago,Ihavenodatapointtosayanythingeitherway.

    IfIwereyou,IwouldcallupUChicago,askabouttheircurrentplacementsceneandthenmakeachoicebetweenCMUandUChicago.Oneisexpensivewithgoodplacementandlocation.Theotherislessexpensiveandpotentiallygoodplacementandsecondbestlocation.

    Talktotheheadhuntersaroundhere(Dominic,ToddFahey,Eric,etc).TheyknowthemarketbetterthanIdo.

    C++OnlineCertificate*QuantNetGuide*TrackMFEapplicationstatus

    AndyNguyen,3/5/08

    YouarenotaloneinnotseeinghowFordhamcanclaimcreditforthesepeople.AsIsay,itslikethewayRolexwouldlikeyoutobelievethata$10Kwatchwillmakeyouagreatsportsman.Fordhamgoesfurther,andtoquotetheirwebsite:AtFordham,youwillexperiencethesameJesuitapproachtoeducationthathaschallengedsome

    oftheworld'sgreatestthinkersformorethan400years.JesuiteducatednotableshaveincludedDescartes,

    Molire,AlfredHitchcock,Sting,JamesJoyce,DeeDeeMyers,andCaptainKangaroo.

    DescartesandMoliereareFrenchwithnoconnectiontoFordhamwhichdidnotexistatthetime.AlfredHitchcock'sconnectiontoFordhamisthatforawhileheworkedonthesamecontinent,anditispossiblethatheflew

    FengNewMember

    AndyNguyenMember

    DominiConnorQuantHeadhunter

  • 2/18/2015 DISCUSSIONonsecondratedMFEprograms|Page2|QuantNetCommunity

    https://www.quantnet.com/threads/discussiononsecondratedmfeprograms.1206/page2 6/13

    #28

    overitonce.AsithappensI'msittingnearwherehewaseducated,inEngland,thousandsofmilesfromFordham.StingisaBuddhist,educatedinEngland,notsurewhatthathastodowithapromotingaUSJesuitcollege.DeeDeeMyershasamuchcloserconnectiontoFordhamthananyoftheothers,sinceshewasactuallyeducatedinAmerica,albeitinacollegeasfarawayaspossiblefromFordhamasonecanbeinthelower48states.

    JamesJoycewasIrish,againwithnoconnection.HedidhowevergetsomeJesuiteducation(alittlemorethanme),howeverhewaskickedoutasachildbecausehisparentscouldnotaffordthefees.FeesareofcourseasorepointwithFordhamsincethey'veagreedtoreimbursestudentsafterrunningastudentloanscam,aftercriminalinvestigation.

    Idon'tknowwhat'sgoingonatFordham,anduntilsomeonecomplainedtome,Ididn'treallycare,butitdoesnotlookgood.

    DominiConnor,3/5/08

    Thankyouverymuchforyouradvice,Andy.IwillcallUChicago

    IknowthatMSCF@CMUhasverygoodreputationinthestreet.Yetmanyotherfactorsmakesmefeelthatit'snotperfect.Iknowthere'snoreasontoaskforperfectnessatanytime,butIthinkyoucanunderstandthisbecauseIamgoingtopayalargeamountofmoneyforthat.

    ThefirstreasonformetovacilateistheoverallreputationforthenameofCMU.OutsideUSA,almostnoonehavehearedofit.(SinceIamacomputermajorstudent,IknowCMUwellthough)IthinkthiswillhavesomelongtermeffectifsomedayIamgettingbacktoChina.

    IappliedtoPittsburgcampusofCMU,soregardingthelocationIthinkUChicagoisbetter.

    ThoughthedirectorofMSCF@CMUtoldmethatplacementoflastclasswas"muchbetterthantheyhadexpected",Ialsoheardthatonly1studentinthisyear'sNYclasshasgotjobofferinNY,manyAsianstudentshavetogetbacktoHongKong(Icannotbesureabouttheaccuracyofthisinformation).AlsoacurrentstudentatCMU'sprogramtoldmethatit'snotagoodtimetogotoUSforaMFEprogram.SoIamkindofworriedaboutthejobmarket.

    ItseemsthattherehavealwaysbeenalotofdisputesoverColumbia'sMFE

    FengNewMember

  • 2/18/2015 DISCUSSIONonsecondratedMFEprograms|Page2|QuantNetCommunity

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    #29

    program.DoyouknowthatthebadplacementrecordofColumbiaisonlyforthisyear,orithasneverperformedverywellinthepast?AtleastplacementrecordofCMUthisyearisalsomuchworsethanthoseinpastyears,thoughIhavenosolidstatisticsyet.

    Feng,3/5/08

    israelrtsaid:

    Idon'tdisputetherestofyourpostsohavesnippeditout.WhatI'veunderlinedaboveistheonlypointI''mtryingtomake:I'mnotawareofanysuchproceduresamongtheUSIvies.I'mawareoftwopeoplewhogotintoOxfordonthebasisofhavingtogetonlyEE.Inbothcases,ifmemoryserves,theygotAAAA.ThequestioniswhyweretheygivenEEoffersinsteadofAAAA.Iarguebecausetheadmissiontutorswerecognisantthatmathematicallytalentedyoungstersmightnotperformthatwellinstandardtests(suchas"A"level).Andhencethatresultsofsuchtestsmightnotbeareliable"filter."

    Inpassing,Ialsohadafriendwho*only*achievedAAA,didn'tdotoowellatinterview,butsincehehadalreadydoneayearatBirkbeck(LondonU),wasadmitted.Butthisisgoingbacktwentyyears.AndOxford'sadmissionprocedureshavepossiblybecomemorestandardisedsincethen.YetIwonder.TherearerecordnumbersofBritishyoungstersachievingthehighestlettergradeat"A"levels,andthere'sagrowingrecognitionthattheexamnolongerservesitpurposeofdistinguishingthewheatfromthechaff.

    Withregardtoforeignapplicants,theydoubtlessusemorestringentandexplicitcriteria.AsIseemtorecall,CambridgetherealjewelinthecrownofscientificeducationintheUKdoesmakeoffersbasedon"A"levelperformanceusuallyAAAA,Ithink(andsomeoftheirentrantsachieveAAAAA).

    Postscript:You'remakingadmissiontoOxfordouttobemoreintimidatingthanitreallyis,thoughthefiguresyoucitecannotbearguedwith.Ifyouhaverealmathematicaltalent,eitherOxfordorCambridgewilladmityouasamathundergrad,asthat'sallthey'rereallylookingfor.UnliketheUS

    bigbadwolfWellKnownMember

    Iftheadmissionstutors(ie:theactualprofessorswhoteachyouthesubjectwhenyouarrivethere)thinkthatyouareamazinglybrilliant,theymay(veryrarely)offeryouaEEasaconditionofacceptance.Thisismerelymeanttosignalthattheyreally,reallywantyouandthinkthatyouarenearlygeniuslevel.ThekidswhoareofferedEE,normallygetAAAAsincetheyareusuallythemostacademicallyproficientoftheentireapplicantcohort.

  • 2/18/2015 DISCUSSIONonsecondratedMFEprograms|Page2|QuantNetCommunity

    https://www.quantnet.com/threads/discussiononsecondratedmfeprograms.1206/page2 8/13

    #30

    #31

    #32

    #33

    Ivies,whoseemtohavemovinggoalposts,andseldommakeexplicitwhatmixofqualitiesthey'relookingfor(andinwhichacademicpotentialseemstobeonlyoneingredient).

    bigbadwolf,3/5/08

    (OFFTOPIC)Pardonmyignorance,butwhatisthisA,AA,AAA,AAAAAbusiness?MyexperienceisverylimitedsinceIcamefromCuba.IonlyknowtheCubanandtheAmericansystem...andBTW,thecubansystemisextremelysimplebutveryefficient.Yougetintocollege/universitybaseonatest.Ifyoudon'tdowellonit,toughluck.Harshbutitworkssomehow....andafteryouarein,itissurvivalofthefittestbecausetheprofessorsmakeyourlifealivinghellforthefirstcoupleofyearsto"filter"peopleout...Ah,ifyoufailed,youareout,plainandsimple...atanylevel.

    alain,3/5/08

    ContrasttheOxfordthingwiththeIndiansystem(likeCuba).Forentrancetoanyschool..beitforengineeringormedicine..thereareexamswhichareheldonceayear.ForIndianInstitutesofTechnologyortheIndianInstitutesofManagement,approx2.5lacstudentsappearfor2000oddseats.Ifyoumakethatexam,youareinelseyoucan'tdoanythingevenifyouarethesonofthePresident.So,you'llseealotofstudentstoppingtheirClass12thexambutcomingacropperintheentranceexaminations.Ofcoursetherearebothprosandconstoit...thereisnotaniotaofnepotismbutthenagainonlyoneexamdecidesyourfurtureandifyouhaveonebadday,youcannotmakeit.Formedicinestudentsit'seventougherwherefor25oddseatsinAIIMS(AllIndiaInst.ofMedicalSciences)over2lacstudentsappear.

    Sachin

    Sachin,3/5/08

    IfyoucouldalsopostyourfindingabouttheUChicagoplacementrateandyourdiscussionswithotheruniversities,Iwouldappreciateit.Thanksinadvance!

    bobbychopra,3/5/08

    alainOlderandWiser

    SachinNewMember

    bobbychopraNewMember

  • 2/18/2015 DISCUSSIONonsecondratedMFEprograms|Page2|QuantNetCommunity

    https://www.quantnet.com/threads/discussiononsecondratedmfeprograms.1206/page2 9/13

    #34

    #35

    #36

    alainsaid:

    "A"meansoneAgrade(e.g.mathematics)atGCSEadvancedlevel"AA"meanstwoAgrades(e.g.mathandphysics)"AAAAA"meansfiveAgrades(e.g.math,furthermath,physics,chemistry,biology).SinceEnglishdegreestypicallyconcentrateononesubject(e.g.math,physics,orbiology),Idon'tseethelogicoftakingsomanysubjects.

    bigbadwolf,3/5/08

    Well,Iamverygladtosharetheinformation.

    FromwhomItalkedtoatUChicago(someoneintheadmissionoffice),theirlastyear'splacementratewasnear100%.Andaccordingtoherwords,thisyear'splacementseemsevenbetterthanlastyear.MostjoboffersarewithinUS(thisiswhatIconcernbecauseIamaninternationalstudent).Theyhavealsogot2professorsnowinchargeoftheirstudent'scareerservice.Theywillinviteemployerstotheschool.Theydonothavegraduatesfirstyearsalarystatistics.

    That'snearlyallIgotfromthephonecall.

    Feng,3/5/08

    IhaveahighregardforChicago'sproactiveworkinhelpingtheirstudentsfindjobs.Can'thelpwithplacementstatistics,sinceofcoursethisisnotsomethingheadhunterssee.

    OnthesubjectofreturningtoChina,myfeelingisthatCMU&Chicagohavethebeterinternationalvisibility,thoughIcannotbe100%aboutChina.

    Butwhatwillbemoreimportantisthebrandofyouremployers,especiallyifyouareuncertainaboutwhenyouwillreturn.Unlessafirmisbiginternationally,youwillfindthatit'sbranddropshardonceyougoforjobsoutsidetheUSA.

    AbhishekNajbile,3/5/08

    bigbadwolfWellKnownMember

    (OFFTOPIC)Pardonmyignorance,butwhatisthisA,AA,AAA,AAAAAbusiness?

    FengNewMember

    AbhishekNajbileActiveMember

    C++Certified

  • 2/18/2015 DISCUSSIONonsecondratedMFEprograms|Page2|QuantNetCommunity

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    #37

    #38

    ButstillCMU'scareerserviceisstronger?

    DominiConnorsaid:

    Feng,3/6/08

    Internationalqualificationsareanissueatmasterslevel.Thevastmajorityofpeopledotheirfirstdegreeintheirhomecountry,andit'squiteclearfromwhereIsitthatthereisawidevarietyofoptimalityoftheselectionprocesses.

    ButthereisnorealstandardforwhataMFEprogramwillaccept,andthequalityoffirstdegreesvariesglobally,asdoesthelevelofcorruptionintheprocess.IndiahasdoneafirstratejobinmakingitsIITdegreesaninternationallyvaluedstandard.ChinesestudentsarefacedwiththeproblemthatsomanyofthepeopleinterviewingthemhavepreviouslymetROCgraduateswhoclearlyhadtheirdegreeboughtforthembytheirparents,orsomeotheruncleanmeans.WenotethatanincreasingnumberHKstudentsoftengotosomepainstopointoutthatnoneoftheirqualificationscomefromthePRC.

    FordhammaybetheworstcaseintheWestofmoneygoingtotheheadsofpeoplerunningfinanceprogrammes,butitisnoalone.Wegetfeedbackofcourseswhere50%dropoutaftertheyhavepaidtheirmoney.It'shardtoconfirmthisexactly,sincenoMFEprogrammepublishesitsdropoutrate,andthepeoplewhoenduptalkingtoP&Darethosewhogotouttheotherside,sooursampleishopelesslybiased.

    DominiConnor,3/6/08

    Sorrytobringthisup,butIthinkyouareunawareabouttheUChicagoprogrambeingextendedtoSingapore.Informationisstilltricklingin.Iam

    FengNewMember

    IhaveahighregardforChicago'sproactiveworkinhelpingtheirstudentsfindjobs.Can'thelpwithplacementstatistics,sinceofcoursethisisnotsomethingheadhunterssee.

    OnthesubjectofreturningtoChina,myfeelingisthatCMU&Chicagohavethebeterinternationalvisibility,thoughIcannotbe100%aboutChina.

    Butwhatwillbemoreimportantisthebrandofyouremployers,especiallyifyouareuncertainaboutwhenyouwillreturn.Unlessafirmisbiginternationally,youwillfindthatit'sbranddropshardonceyougoforjobsoutsidetheUSA.

    DominiConnorQuantHeadhunter

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    #39

    #40

    tryingtogatherasmuchinformationasIcan.

    SingaporeProgramhttp://finmath.uchicago.edu/new/msfm/news/press_02508.php

    Theuniversityconductedasurveyacoupleofweeksago

    MyimpressionisthattheuniversitywillsoonhavesomesortofcareercenterforfocusingonopportunitiesinSouthEastAsiaandinSouthAsia.Italsowantstoattractcandidatestothenewprogramlocation.

    Maybeinayearorso,theSingaporeprogramwouldawholelotofopportunitiestoofferinthatregion.

    bobbychopra,3/6/08

    SadlyIhaveyettotalkwithanalumnusoftheIITStuartprogramme.Butthedescriptionlooksgood.IthinkitisuniqueamongstfinanceprogrammesinthatitmayrequireyoutodoabasicC++coursebeforeyoustart.ManyprogrammeslikeFordhamclaimtheycanturnoutskilledMFEswherenoC++happensatallTheysaytheyuseAnsiC++,whichisgood,butelsewhereIhaveheardtheyuseuseC++/CLIwhichI'mlesshappyabout,simplybecauseitisnotC++,andwillcausetheirstudentstofailtoanswermanyinterviewquestions.AlsoC++/CLIisalmostunknowninprofessionalfinance,somuchsothatinterviewerswillaskC++questionsandbedisappointedbytheblanklooks.

    TheyalsorequirestudentstodoVB.NEtwhichismorethanalittlebitodd,andmoreMScentricthanishealthy.ButmygripewiththatismostlythataquantneedsmoremathsthanheneedsVB.NET.It'sextremelyhardtotellsimplyfromthecourseoutlinewhetherthemathscontentisadvancedorrelevant."ComputationalFinanceIII"Isuspectismoreadvancedthan"ComputationalFinanceII",butthat'sasfarasitgoes.

    DominiConnor,3/6/08

    bobbychopraNewMember

    IfyouwouldconsiderSingaporeasyourstudylocation,wewouldliketoknowthedecidingfactors....(chooseallthatapply)a)ChoosingSingaporeallowsmetocontinueworkingandstudyparttimeb)ChoosingSingaporewillallowmetostudywithlessfinancialburdenc)Singaporeisclosertomyhomeandfamilyd)ChoosingSingaporewillprovidemewiththeopportunitytoexploreadifferentcultureandnewfinancialnetworkse)Other(pleaseexplain)

    DominiConnorQuantHeadhunter

  • 2/18/2015 DISCUSSIONonsecondratedMFEprograms|Page2|QuantNetCommunity

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