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don_ny01 · 08-18-2006, 04:08 AM

Just give it a try and do not think too much. Your profiles seem to match all the top programmes in the US. Don't apply to second tier finmath program.

Perfect math background + 4 year experience mean a lot of course. But, I do not think that experience makes decisive role.

tong · 08-18-2006, 09:50 AM

I will give it a go. Thanks a lot for the encouragement!

wolf87 · 08-18-2006, 02:08 PM

Also, take a look at the student profile for NYU MSFM: http://math.nyu.edu/financial_mathem...udents/01.html. I wonder what it would look like for some of these programs if you seperated the full- and part-time students.

Peter137 · 08-18-2006, 08:37 PM

Quote:

Originally Posted by don_ny01

Just give it a try and do not think too much. Your profiles seem to match all the top programmes in the US. Don't apply to second tier finmath program.

Perfect math background + 4 year experience mean a lot of course. But, I do not think that experience makes decisive role.

Why are you so impressed with his backgound? I don't see anything particular, no publications regional math results. Schools like Princeton and Stanford are really selective.

don_ny01 · 08-19-2006, 06:15 AM

Quote:

Originally Posted by Peter137

Why are you so impressed with his backgound? I don't see anything particular, no publications regional math results. Schools like Princeton and Stanford are really selective.

Firstly, there is not much application statistics for ms in finmath, especially at this forum or even anywhere else and I am assuming that you are taking the criteria for Ph.D program with funding. For MS Finmath program without funding, I do not see why his quite good profile does not match the barrier of being accepted . Graduates with top 5% at Warwick should aim at better schools with such finmath programs that happen to be some the top schools in the US. Resumes of some guys in Courant can confirm this.

Secondly and more importantly, for MS Finmath program, you may end up nowhere with a degree from second tier program. It's will be extremly hard to realize yr ambitious plan if you graduate from Finmath programs like Florida State University or North Carolina State University or so so. Almost surely, only graduates from top finmath programmes can compete with Ph.D. guys on the job market.

Peter137 · 08-20-2006, 05:59 PM

Quote:

Originally Posted by don_ny01

Firstly, there is not much application statistics for ms in finmath, especially at this forum or even anywhere else and I am assuming that you are taking the criteria for Ph.D program with funding. For MS Finmath program without funding, I do not see why his quite good profile does not match the barrier of being accepted . Graduates with top 5% at Warwick should aim at better schools with such finmath programs that happen to be some the top schools in the US. Resumes of some guys in Courant can confirm this.

Secondly and more importantly, for MS Finmath program, you may end up nowhere with a degree from second tier program. It's will be extremly hard to realize yr ambitious plan if you graduate from Finmath programs like Florida State University or North Carolina State University or so so. Almost surely, only graduates from top finmath programmes can compete with Ph.D. guys on the job market.

I accept your reasons and yes it's true that I had primarily PhD in my mind. Actually my aim is quite similar the research I am currently involved in is mostly numerical and I learn a lot on nonlinear Pde's, I will also take graduate courses in finance in the following semester and try to build a strong background for the job market.

wolf87 · 08-21-2006, 05:13 AM

Related question: If you do a MS Fin Math or MFE, how possible is it to go onto a PhD in Fin or Applied Math? I've seen some interesting stats (80/20 market/PhD split at Stanford), but not much from informed individuals.

Oh, one other thing. Here is a good chunk of the student info from Berkeley's MFE program. It's consistently top 5, currently #1 in the field (NYU Courant is #2):

Profile of MFE 07
Students Applications Received: 243
Number of Admits: 91 (note the 37.4% admit rate)
Enrolled Students: 59
Average Age at Enrollment: 29
Average Years of Post-University Experience: 3.78
Average Undergraduate GPA: 3.65

More here: http://mfe.haas.berkeley.edu/mfeprofile2007.htm

maths_bonn · 08-21-2006, 12:00 PM

I thought about that MS Fin.Math --> then Ph.D. thing, too. But in my opinion (or just for me) this way is far to expensive. tuition for nyu and berkely is about 40k each, cmu has about 60k fees. I don't know about chicago right now but I would guess that they play in the same league.
And after all that, living with nearly nothing while being a grad student and paying interest rates??? At least fo rme that's too expensive.

BTW, on the NYU site there is a faq in the FinMath programme in which they don't recommend their programme as a prep. for a Ph.D.They say it has a clear industry focus.

wolf87 · 08-21-2006, 03:17 PM

Thnx maths_bonn, interesting stuff. For me the financial issue isn't a big one (coming out of undergrad & MA econ w/no debts and, correct me if wrong, I think you can defer federal loans while in PhD). I'm going to start a new thread with my biggest ?s so I don't take over this one.

08-21-2006, 05:13 AM	#17 (permalink)
wolf87 Eager! Join Date: May 2006 Location: Boston, MA Posts: 57	Related question: If you do a MS Fin Math or MFE, how possible is it to go onto a PhD in Fin or Applied Math? I've seen some interesting stats (80/20 market/PhD split at Stanford), but not much from informed individuals. Oh, one other thing. Here is a good chunk of the student info from Berkeley's MFE program. It's consistently top 5, currently #1 in the field (NYU Courant is #2): Profile of MFE 07 Students Applications Received: 243 Number of Admits: 91 (note the 37.4% admit rate) Enrolled Students: 59 Average Age at Enrollment: 29 Average Years of Post-University Experience: 3.78 Average Undergraduate GPA: 3.65 More here: http://mfe.haas.berkeley.edu/mfeprofile2007.htm Last edited by wolf87 : 08-21-2006 at 05:20 AM. Reason: I can't type at 12:30AM

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08-18-2006, 04:08 AM	#11 (permalink)
don_ny01 Eager! Join Date: Mar 2005 Posts: 56	Just give it a try and do not think too much. Your profiles seem to match all the top programmes in the US. Don't apply to second tier finmath program. Perfect math background + 4 year experience mean a lot of course. But, I do not think that experience makes decisive role.

08-18-2006, 09:50 AM	#12 (permalink)
tong Trying to make mom and pop proud Join Date: Aug 2006 Location: UK Posts: 11	I will give it a go. Thanks a lot for the encouragement!

08-18-2006, 02:08 PM	#13 (permalink)
wolf87 Eager! Join Date: May 2006 Location: Boston, MA Posts: 57	Also, take a look at the student profile for NYU MSFM: http://math.nyu.edu/financial_mathem...udents/01.html. I wonder what it would look like for some of these programs if you seperated the full- and part-time students.

08-21-2006, 12:00 PM	#18 (permalink)
maths_bonn Eager! Join Date: May 2005 Location: Bonn Posts: 76	I thought about that MS Fin.Math --> then Ph.D. thing, too. But in my opinion (or just for me) this way is far to expensive. tuition for nyu and berkely is about 40k each, cmu has about 60k fees. I don't know about chicago right now but I would guess that they play in the same league. And after all that, living with nearly nothing while being a grad student and paying interest rates??? At least fo rme that's too expensive. BTW, on the NYU site there is a faq in the FinMath programme in which they don't recommend their programme as a prep. for a Ph.D.They say it has a clear industry focus.

08-21-2006, 03:17 PM	#19 (permalink)
wolf87 Eager! Join Date: May 2006 Location: Boston, MA Posts: 57	Thnx maths_bonn, interesting stuff. For me the financial issue isn't a big one (coming out of undergrad & MA econ w/no debts and, correct me if wrong, I think you can defer federal loans while in PhD). I'm going to start a new thread with my biggest ?s so I don't take over this one.

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