QuoteOriginally posted by: NQuoteOriginally posted by: HyperGeometricQuotenoexpert,I hate to bust your bubble, but a PhD in engineering from an Ivy ain't worth shit in finance. If you were getting a PhD from MIT, that might be a different story.Once you get your PhD, you'll need to get your MS in financial engineering before anyone seriously looks at you - like it or not, that's the way it is.nLooking at the placement stats of PhDs in ORFE (i.e. Engineering) at Princeton, several people have done very well for themselves in Finance/Wall St. Assuming "N" was only referring to other engineering programs, It's hard to accept (in fact even think) that engineers from ivy leagues aren't worth much in Finance considering there are tons of them with big positions on Wall St.Of course, adding the no. of engineers from ivy leagues on Wall St vs number of engineers from MIT on Wall St, it's not hard to imagine that former would have more people than latter (8 vs 1)....just stating facts.Coming back to the original post, there isn't much academic value associated with MS in Financial Engineering programs. Although it's true that several people go for them after their PhD, it's equally true that several of them have taken positions in quant finance without them and will continue to do so. Just take a few courses in finance at your uni during your PhD and that should be fine. Speak to the people/alumni in your department or professors in your uni interested in quant finance. They'll give u a good idea on what to expect at this time. It's slightly late for this summer but if u try hard, you can get something (may be at a small fund or even a large bank). If you're done generals, try for internship during fall. It's not late for that at all.What??? ORFE is a financial engineering program (what do you think the FE stands for?). There is no arguement that almost all FE students do well in finance/Wall street. (As a side note, I'd rate Princeton's ORFE program quite poorly because of the quality of the faculity - talking about poor academic value)And HyperGeometric, no one in this forum is dumb enough to believe your claim that there are "tons of" Ivy PhD electrical/mechanical/civil/software engineers with no FE degree in"big positions" on Wall street. And Wall street internships all filled are almost exclusively with FE types.Regarding non-finance positions - There are many PhD level engineers/physicists/mathematicians going to work for hedgefunds and some banks. The jobs are in algorithmic trading. These are extremely competitive, high salary positions where grads/faculity from only the best engineering schools are selected. For these positions MIT, Stanford, Cal Tech grads would be considered first before those from second tier Ivy grads (Princeton Physics is an exception).The grads from MIT/Princeton in engineering (atleast in EECS) whom i know or heard of have all gone onto postdocs/faculy positions. Im not sure if algorithmic hedge funds find quants from MIT/ Princeton..