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alacunha
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June 20th, 2005, 2:47 pm

flyinsky, would you mind telling us more about your background?honestly that salary is in the range of MBA types, which generally make more than quants. you can check the Haas website for entry salary avg in fin. eng. , its way below that and some of the students were phds with experience in finance.
 
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flyinsky
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June 20th, 2005, 3:17 pm

Last edited by flyinsky on June 20th, 2005, 10:00 pm, edited 1 time in total.
 
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bhutes
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June 21st, 2005, 11:23 am

QuoteOriginally posted by: alacunhaflyinsky, would you mind telling us more about your background?honestly that salary is in the range of MBA types, which generally make more than quants. Did you mean MBAs in I-banking make more money than quants ... or that MBAs working in any industry make more money than quants?(sorry for a slight digression from the topic ... where do MBAs fit into I-banks -- do they become traders, or do quant jobs ... what exactly is the role ?)
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DominicConnor
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June 21st, 2005, 1:39 pm

I think you have to divide people with MBAs into two groups.It is known that MBAs enjoy notably bigger salaries than non-MBAs.However, the market has adjusted and as we all know, higher prices push for higher supply, and that is just what has happened.Thus the premium for MBAs starting now has come down considerably, so you shouldn't compare the salaries of people who've been working, with what you might expect to earn.Also employers have started getting picky about what specialisation you should have.Another factor is that there are a lot of MBA programmes of wildly different quality, and employers find it hard to guess which are good or relevant. Such uncertainty of course means they are reluctant to pay much more for them. A typical method is the general perceived quality of the institution, which is better than nothing. However since MBA programmes can make a lot of money, the correlation between the quality of the institution and the quality of the MBA school is often poor and occasionally very negative.
Last edited by DominicConnor on June 20th, 2005, 10:00 pm, edited 1 time in total.
 
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migalley
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June 21st, 2005, 1:56 pm

QuoteOriginally posted by: DCFCI think you have to divide people with MBAs into two groups.It is known that MBAs enjoy notably bigger salaries than non-MBAs.However, the market has adjusted and as we all know, higher prices push for higher supply, and that is just what has happened.Thus the premium for MBAs starting now has come down considerably, so you shouldn't compare the salaries of people who've been working, with what you might expect to earn.Also employers have started getting picky about what specialisation you should have.Another factor is that there are a lot of MBA programmes of wildly different quality, and employers find it hard to guess which are good or relevant. Such uncertainty of course means they are reluctant to pay much more for them. A typical method is the general perceived quality of the institution, which is better than nothing. However since MBA programmes can make a lot of money, the correlation between the quality of the institution and the quality of the MBA school is often poor and occasionally very negative.I didn't get a premium for my MBA in Finance. I actually came out losing money!Boo Hoo Hoo
 
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bhutes
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June 21st, 2005, 2:59 pm

Thanks. But do MBAs (with specialization in finance) compete with quants for jobs?In another thread the topic of discussion was something like "how one could upgrade from MBA math to quant math". (meaning MBAs are inferior to start with, for doing quant jobs).In addition to reasoning given by DCFC (oversupply of MBA etc.), I do not see how an MBA could earn more money, if employed for a quant role?
 
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lw429
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June 21st, 2005, 4:38 pm

Anyone kindly inform me the salary for associate in Japan. Base, bonus, relocation...
 
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Pokerboy
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June 21st, 2005, 5:25 pm

I don't like MBA.. it doesn't seem technical enough.. One could be dumb and still able to get an MBA (I have seen a lot.. and it's from UT too).. But if one is dumb... I wonder if he can get into and go through their quant's program.. That's how I see it..
 
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alacunha
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June 21st, 2005, 6:05 pm

your compensation is somewhat correlated with how many people work under your supervision. from that viewpoint, MBA's should make more than quants as they are managers. besides, quants are usually immigrants from overseas (at least in the US) and as such, it is easier for them to settle for a lower compensation.A dumb quant is perhaps less likely than a dumb MBA. (assuming the everyday definition of "dumb") A wealthy MBA is certainly more likely than a wealthy quant.
 
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migalley
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June 21st, 2005, 7:37 pm

QuoteOriginally posted by: PokerboyI don't like MBA.. it doesn't seem technical enough.. One could be dumb and still able to get an MBA (I have seen a lot.. and it's from UT too).. But if one is dumb... I wonder if he can get into and go through their quant's program.. That's how I see it..Can MBAs actually get into a quant program? Even if they are clever enough to do the work, I think it is highly unlikely that HR or HH will even put an MBA forward for a quant position. If it is possible, any tips on how to defeat HR or HH would be most appreciated!
 
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boy
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June 21st, 2005, 10:32 pm

QuoteOriginally posted by: alacunhayour compensation is somewhat correlated with how many people work under your supervision. from that viewpoint, MBA's should make more than quants as they are managers. besides, quants are usually immigrants from overseas (at least in the US) and as such, it is easier for them to settle for a lower compensation.A dumb quant is perhaps less likely than a dumb MBA. (assuming the everyday definition of "dumb") A wealthy MBA is certainly more likely than a wealthy quant.Or in another words, the managers, who got MBA, can for sure do their job as well without their MBA (ie, there are smart ppl with MBA, but they are smart NOT because they got their MBA, but it's because they are simply smart... and they got MBA simply to move up, not really because they want to learn something =p)
 
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chyang
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June 25th, 2005, 1:57 pm

QuoteOr in another words, the managers, who got MBA, can for sure do their job as well without their MBA (ie, there are smart ppl with MBA, but they are smart NOT because they got their MBA, but it's because they are simply smart... and they got MBA simply to move up, not really because they want to learn something =p)There are also a lot more MBAs than there are quants. If you average out the salaries of all MBAs, it is likely to be less than the Quants. Also MBA who pull in big salary are likely to have more years of experience in IBs than the Quants. As Quants are more likely to be transplants from other industries. As I understand it, eventually quants move onto other jobs such as traders.
 
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bhutes
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June 25th, 2005, 2:02 pm

What is the most likely area of operation (i.e. job function) where MBAs are likely to be found in an I-bank?(a) In quant roles, (b) As traders, (c) what else ??
 
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RSAN
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June 27th, 2005, 9:05 pm

From what I've seen/heard is that on the trading floor:1. Most sales people have MBA's2. Many traders have MBA's3. Very few quants would have MBA's because the level of mathematics required to do quantitative analysis on a trading desk is far more advanced than what is taught in business school (unless they have another quantitative degree).Also, many equity reasearch analysts have MBA's, or CFA
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