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SunnyK
Topic Author
Posts: 2
Joined: February 8th, 2013, 6:15 am

M.S. Statistics

February 19th, 2013, 2:32 am

Hi,I wish to get into quantitative research and modelling and hence thinking about a degree (M.S.) in Statistics from a reputed university (Stanford being at top of my list). I already have a descent job working on data analytics using machine learning and have a M.S. in Computer Science (though not from a top university, hence finds it difficult to get interview calls from financial firms). I'm looking for suggestions, if another Masters degree worth considering or If I should still keep looking for quant jobs alongside continuing with my current job.Thank !
 
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ashkar
Posts: 274
Joined: October 17th, 2011, 9:25 am

M.S. Statistics

February 19th, 2013, 9:30 am

Stanford degree should land you some interviews but people will still see you as a computer scientist and not a potential quantitative researcher unless you do a phd in stats after that. If you had undergrad degree in maths/stats then MS in stats would have made more sense. If you're targetting top schools then maybe you should look at CMU's CS department, they have a good machine learning group which may be a better choice for getting into a hedge fund.
 
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quantstart
Posts: 154
Joined: March 7th, 2010, 11:16 am

M.S. Statistics

February 19th, 2013, 4:18 pm

I would concentrate more on your CS background and then strengthen it up with a top program (for easier interview screenings). A PhD from a top school in machine learning should eventually lead to a good hedge fund role. Once in the fund, particularly if it is a smaller shop, you'll be wearing many hats anyway so will be able to get involved with the quant research if that is what you ultimately want to pursue.
 
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tagoma
Posts: 18351
Joined: February 21st, 2010, 12:58 pm

M.S. Statistics

February 19th, 2013, 5:26 pm

my 2-cent that sounds obvious. maybe a quantitative finance related M.S rather than a (pure) statistics one.
 
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SunnyK
Topic Author
Posts: 2
Joined: February 8th, 2013, 6:15 am

M.S. Statistics

February 20th, 2013, 2:48 am

Thanks Guys for your suggestions !
 
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spv205
Posts: 478
Joined: July 14th, 2002, 3:00 am

M.S. Statistics

February 21st, 2013, 11:53 pm

agree with ashkar. frankly you are not going to get an interview for quant researcher role. If I were the employer, I would be worried that this guy can't do vector calculus econometric modelling etc. I am not sure that a masters in stats would necc convince me that you had the required background [ eg did you just do the computational modules].[nor do I believe a PhD in ML would help.... ML is after all where the chain rule of differentiation was "invented" - backpropagation]there are just too few jobs and too many outstanding candidates. I think your best bet is to enter as a developer and hope you will get a chance to become a modelller.
Last edited by spv205 on February 21st, 2013, 11:00 pm, edited 1 time in total.
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