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Arbitrary
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Joined: March 30th, 2004, 7:14 pm

CASS/City Msc Quantitative Finance

May 5th, 2004, 2:01 am

Hi Wilmotters!Just browsing through CASS's website and spotted a 'new' course - Msc Quantitavive Finance - posted on their course list (hopefully i got this right, but i'm sure it wasnt there a few weeks ago). Cass already offer an Msc in Financial Maths - so does anyone have any insight into this new course? I'm asking because I'm thinking of applying next year. But pity it is not available part-time.Which course from Cass, out of Msc Finance, Financial Maths, Math Trading & Finance or Quant Finance, would now be most suitable for the quant industry?The site details can be reached at:http://www.cass.city.ac.uk/masters/cour ... tmlThere's basic course content but nothing too detailed, for now. Apparently there's courses in Matlab, Mathematica, C++ and VBA.This is my first post (of many hopefully..) so be kind.Thanks.
 
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player
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Joined: August 5th, 2002, 10:00 am

CASS/City Msc Quantitative Finance

May 5th, 2004, 2:09 pm

Why apply to CASS? The fees will probably be £15,000 plus and this for a course which is generally considered not to be the most quantitative around. If you want to stay in london and want to do it part time go for the birkbeck. If full time then Birkbeck/kings/imperial and if you want to go outside london....well you have many choices.
 
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Arbitrary
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Joined: March 30th, 2004, 7:14 pm

CASS/City Msc Quantitative Finance

May 6th, 2004, 9:26 am

Thanks for the reply.You're right, the fees for Cass are a bit steep but when you say the courses at Cass are not regarded as the most quantitative around, are you also talking about the new Msc Quantitative Finance course?? I assume that it was set up to answer the critics.Does it also mean their Msc Financial Maths course is irrelevant now? And just judging by the course content on the Cass website, which course would be stronger?
 
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player
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Joined: August 5th, 2002, 10:00 am

CASS/City Msc Quantitative Finance

May 6th, 2004, 9:34 am

The terms financial maths generally refers to a more theoretical look than quantitative finance which is more practically orientated. Personally the fact that exists mathematical trading and finance, quant finance and finanical maths and vriuos others to that degree is an example of an entity eating into consumer surplus. The courses are so similar it is unreal and like I said before stay clear form CASS. There are better options out there.Met people who did the MTF course and when it came to reading williams book they were lost so I dont hold out much hope for the financial maths or quant finance course.If for some reason you really really want to go to CASS (since it your dream) then go for the financial maths course. Beingthe guniea pig in a new course is a risk and doing a msc course is risky enough without adding to your risk. (esp since you cant hedge it away)
 
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MrHappy
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Joined: June 6th, 2003, 11:46 am

CASS/City Msc Quantitative Finance

May 6th, 2004, 10:21 am

I have spoken to some MTF students, who have found the course particularly hard going, so I agree with player to a certain extent. However, Cass is a nice school, with some excellent teaching staff, good facilities, and an excellent PhD program (16th in the world by some measures). Unfortunately, it doesn't yet attract the top notch UK students (although some of the foreigners are excellent), but this is not a reflection on the teaching of it's courses, more on the reputation of the school.
 
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AliM
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Joined: December 3rd, 2002, 4:02 pm

CASS/City Msc Quantitative Finance

May 9th, 2004, 2:43 am

i'm about to finish the MTF course. (part-time). its not an easy option. its rigorous and hard work, but provides an excellent grounding in quant finance - from stoch calculus/maths finance with John H and Nick Webber, to Structuring Derivs with Prof Harry Kat, to excel VBA derivs pricing techniques with Mike Staunton, to Financial Econometrics with Prof Urga, to Advanced Options Trading with Senior Exotic traders from Lehmans/MerrillsThe MTF program has no MATLAB or C++ courses. its NOT a pure mathematical finance course, nor a pure econ course. its relevant and practical for those wishing to work in equity derivs trading, structuring, quant fund management, quant traders and the like (as evidenced by the alumni and my course colleagues who come from hedge funds, i-banks, fund managers - both large and small.....eg Aspect Capital, KBC, DrKW, Morley FM, Lehmans, Merrills, Deutsche, BGI etc etc etc).re top notch UK students - dont agree. i can only speak for my cohort this year and we have engineering PhDs and Maths grads from Oxbridge, fully qualified Actuaries, MBAs from LBS, as well as top notch international students. dont know much about students on other courses though.
 
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AliM
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Joined: December 3rd, 2002, 4:02 pm

CASS/City Msc Quantitative Finance

May 9th, 2004, 2:43 am

i'm about to finish the MTF course. (part-time). its not an easy option. its rigorous and hard work, but provides an excellent grounding in quant finance - from stoch calculus/maths finance with John H and Nick Webber, to Structuring Derivs with Prof Harry Kat, to excel VBA derivs pricing techniques with Mike Staunton, to Financial Econometrics with Prof Urga, to Advanced Options Trading with Senior Exotic traders from Lehmans/MerrillsThe MTF program has no MATLAB or C++ courses. its NOT a pure mathematical finance course, nor a pure econ course. its relevant and practical for those wishing to work in equity derivs trading, structuring, quant fund management, quant traders and the like (as evidenced by the alumni and my course colleagues who come from hedge funds, i-banks, fund managers - both large and small.....eg Aspect Capital, KBC, DrKW, Morley FM, Lehmans, Merrills, Deutsche, BGI etc etc etc).re top notch UK students - dont agree. i can only speak for my cohort this year and we have engineering PhDs and Maths grads from Oxbridge, fully qualified Actuaries, MBAs from LBS, as well as top notch international students. dont know much about students on other courses though.
 
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MrHappy
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Joined: June 6th, 2003, 11:46 am

CASS/City Msc Quantitative Finance

May 10th, 2004, 8:53 am

Sorry AliM, didn't mean to imply anthing, I take it all back. I am obviously suffering from "MTF envy" - common complaint at Cass
 
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MrHappy
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CASS/City Msc Quantitative Finance

May 10th, 2004, 9:10 am

p.s. we're all quite clever too.
 
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leo2331
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Joined: April 15th, 2004, 6:45 am

CASS/City Msc Quantitative Finance

May 12th, 2004, 6:41 am

Actually from what I heard from another person who was offered a spot at the old MSc FFE (finance, economics, and econometrics), the "new MSc Quant Fin" is really a name change with a few class changes. The MSc Quant Fin is essentially the old MSc FFE, though the MSc Quant Fin exist a long time ago, when Cass (or City University London) was old. Apparently, the person who was offered a spot in the MSc FEE was screwed, as he wanted a less math demanding course!! Beats me - this reflects Cass's organization and maybe reputation!!