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Thread: M.S. in Mathematical/Quantitative Finance, Is it feasible?

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    M.S. in Mathematical/Quantitative Finance, Is it feasible?

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    Hi all, I am currently pursuing under-graduation (I'm in the final year of school). I have some queries regarding Mathematical/Quantitative Finance, they are as follows:

    Query 1

    Can anyone suggest some universities/schools(if they are less reputed)in the U.S that offer an M.S in Quantitative/Mathematical Finance?


    Query 2

    Assuming I managed to graduate in 2012,How are the job prospects for a person (particularly at Wall Street) who has acquired an M.S. in Quantitative Finance (say, from a less reputed school, not necessarily from Princeton, Berkeley etc)?

    I am an international student;I have a pretty ordinary GPA, and my GRE score is 1350 (Quants-660; Verbal- 690;AWA- 4.0); I am planning of re-taking the GRE solely to bolster my Quant score (I feel it is too low for an M.S. in Quantitative Finance);My baccalaureate degree is in Computer Science, I have good grades in Math related courses at the under-graduate level.

    In a nut-shell, I would like to know -- Is it feasible to pursue an M.S. in Quantitative/Mathematical Finance, are there any jobs that I may land up with (after graduation) at Wall Street or any other place?

    Do provide some advice/replies/suggestions to my queries, Thanks in advance!

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    Quote Originally Posted by GenGRE View Post
    Query 1
    Can anyone suggest some universities/schools(if they are less reputed)in the U.S that offer an M.S in Quantitative/Mathematical Finance?
    Global Derivative School List on Masters in Quant. Finance

    They also have a ranking of quant finance programs.

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    Can anyone suggest some schools which admit students in Mathematical/Quantitative finance program based upon on GRE/TOEFL scores?

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    Can anyone give more advice/suggestions with respect to my queries?

    I am tensed, and I'm in an imbroglio at present.

    Thanks!

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    Quote Originally Posted by GenGRE View Post
    I am tensed, and I'm in an imbroglio at present.
    You had too much of Barron's wordlist. Seriously

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    hahaha @ Rabenstein's post.

    Global Derivatives list of universities with financial engineering programs is pretty good. Don't bother too much with the rankings, since it has been ages since they updated that.

    Now, seriously, I don't think there's much value in going to a less-reputed program. Finance to a certain extent is 50% what do you know, and the other 50% is who do you know. That is, network really matters -- you'd want to be in a reputed program with a strong alumni network that can help you get the jobs you want. Else, what's the point of spending time and money if you're only going to be back at square one? In addition, I think there's a strong correlation between reputation and the strength of the academic program. Conversely, a less-known program might be an indication of a weak quality of instruction.

    That said, if you still insist, you can go to IAFE's website. There should be few lesser known programs listed there.

    The hiring conditions in 2012 is murky. I've been rather skeptical about it, yet some of my friends at bulge-bracket bank said that recruiting should pick up in late 2010. However, there's no guarantee that we'll not see a delayed return to glory in the financial sector: the compensation structure will probably change drastically, risk-taking at financial institutions will be scaled back, and government intervention will be more prevalent than before. Also, you're international, right? Don't forget about the pesky job visa rule.

    But my advice to you in this situation remains consistent: should there be any hiring, they will go first to the top-tier programs. Thus, again, there's little value of attending lesser known schools. Heck, I'm going to Princeton and I'm still worried how things will pan out in two years!

    P.S. There are no programs that admits you solely on strength of GMAT/GRE. Well, no program worth going, at least in my book.

    P.P.S. Try to get the Math GRE as close as you can to 800. It's just one metric in a holistic process, but usually it's the first easy filter they use.

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    I'm in a similar position as the OP, and inclined to agree to icebox. For me, it's too late to apply to a top programme 2009/2010, but I could get a master in strategy consulting from a rather unknown university. However, this is most likely a waste of time, given the amount of competition from the top universities.

    So I guess I'll put my time into a 801/801 GRE and apply for 2010/2011 :P

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    Did you finanlly apply?

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    Lightbulb

    GRE/TOEFL scores are much important in mathematics. I still can't figure out the relation between the two, one being language test and one being maths, how are they exactly related?
    Sideway Kicks off!!

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    Quote Originally Posted by austinndrury View Post
    GRE/TOEFL scores are much important in mathematics. I still can't figure out the relation between the two, one being language test and one being maths, how are they exactly related?
    May be it's because of the learning center curve.
    Sideway Kicks off!!

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