TestMagic Forums - View Single Post - MS Statistics to Prepare for PhD in Finance: Please Guide Me

babubangla · 01-30-2007, 07:30 AM

I am interested in doing PhD in Finance. To strengthen my quantitative background, I want to study in a MS Statistics program. I was looking at the MS Statistics program at a third-tier university (Texas Tech University). Will MS in Statistics from Texas Tech be helpful in getting admission to a Top 30 to 50 ranked Finance PhD program?

I am also confused whether I should go for MS Statistics in Texas Tech or try for a better second-tier out of state school (University of Connecticut or Michigan State or University of Nebraska-Lincoln). Texas Tech is beneficial to me due to in-state tuition opportunity. Does it make any difference for PhD Finance admission if I get MS Statistics from a second-tier university instead of a third-tier one?

MS Statistics in a first-tier school is not an option for me at this moment. My quantitative background is very weak and I am out of school for 5/6 years now. At this moment, I do not even have the mathematical background required for MS Statistics program. However, some schools allow applicants to make-up prerequisite deficiencies after admission into their MS Statistics Program. I am planning to take that path.

I would highly appreciate your feedback on this.

01-30-2007, 07:30 AM	#1 (permalink)
babubangla Trying to make mom and pop proud Join Date: Jan 2007 Posts: 10	MS Statistics to Prepare for PhD in Finance: Please Guide Me I am interested in doing PhD in Finance. To strengthen my quantitative background, I want to study in a MS Statistics program. I was looking at the MS Statistics program at a third-tier university (Texas Tech University). Will MS in Statistics from Texas Tech be helpful in getting admission to a Top 30 to 50 ranked Finance PhD program? I am also confused whether I should go for MS Statistics in Texas Tech or try for a better second-tier out of state school (University of Connecticut or Michigan State or University of Nebraska-Lincoln). Texas Tech is beneficial to me due to in-state tuition opportunity. Does it make any difference for PhD Finance admission if I get MS Statistics from a second-tier university instead of a third-tier one? MS Statistics in a first-tier school is not an option for me at this moment. My quantitative background is very weak and I am out of school for 5/6 years now. At this moment, I do not even have the mathematical background required for MS Statistics program. However, some schools allow applicants to make-up prerequisite deficiencies after admission into their MS Statistics Program. I am planning to take that path. I would highly appreciate your feedback on this.