<t>I calibrated the Black-Karasinski model to LIBOR curve and swaption volatilities observed on market, generated 200 paths, and calculated 10 year par rates for each path starting a month from now. Then I graphed the distribution of the 10 year LIBOR rates one month from now, and it showed a standa...

Nope. Unless initial is negative. Have you seen negative stock price?

<t>Hi, I am a fresh math PHD from a second tier university in US trying to find a financial job. Just wonder what kinda book I need to read for a start. Currently I am reading Wilmott's "Introduces to Quant finance" (for beginners), Hull's "Options, Futures and Other Derivative" (richer contents and...

<t>QuoteOriginally posted by: ronwiseThanks for your post. Yes, no one is forcing me indeed, except me I am just worrying about my age as I will be too old after second postdoc. As I've understood from reading this forum 32 years may be too much to get job in IB.I do not think 32 will be too old for...

Hi, Jade, can you share some of the experiences sometime to us all if you do not mind?

I Checked UC Berkeley's employment report. Seems they have the most promising program. These statistics can hardly be found from any other universities/institutions with FE/FM programs. http://haas.berkeley.edu/MFE/employment.html

Anybody knows the job placement statistics of University of Chicago financial math master program? I looked at their course description for three quarters, seems not a tremendous amount of work.Appreciate any feedbacks.

<t>Hi, dear friend,I am a newly graduated PhD in math and am looking for a quant job also. Probably we are facing the same dilemma. My first motivation started with an interest in stochastic differential equations (SDE), a course I actually lectured for one semester in front of two professors chairi...

<t>Hi, people,Just wonder how those FE students finance their study. I searched a lot, and it seems the tuitions are mostly high (more than $50,000). I only have 30,000, can I still make it if I decide to go for an FE degree? Do a lot of 'em rely on intern chances? What is the actual cost usually?I ...

<t>QuoteOriginally posted by: moogleTau, The program has a website. It has all the costs associated there (+/- on cost of living).Yes, moogle. I saw the website. Thanks a lot.But three semesters' add up to $60,000? Probably too expensive for me. Seems CMU's tuition is the highest compared with other...

Thanks. How about job placement? QuoteOriginally posted by: quantstudent19most likely, be a front office quant at GS / JP / ML ...

Great news, Fxislander! Thanks for so much information.By the way, do you know how much it costs to finish the degree? How long does it last? I have a math PHD degree and would like to switch to such a program if possible. What is your opinion on this?Many thanks.Tau

<t>Anybody knows if one gets a master's degree in financial math, for example, from Courant Institute of Math, or University of Chicago, what is the job prospect? I am trying to make decision whether to switch to FE with a PHD in mathematics. Any information will be extremely valuable. Many thanks i...