Thank for your message.

Would you care to explain why you would want such a thing? Just wondering.

QuoteOriginally posted by: muniangelWhat is essence of science?The scientific method is the essence of science .

I means that if you use those models and methods,you may think whether they can guide you to the right place. or maybe,You must have a suspicious look at those tools.

And why do you think academe is the better place to do so?

University may be a good place to do "blue-sky" research... But, wait a minute, if it is "blue-sky" QF research, will the practitioner find that useful? Take auction theory as an example. In theory, it describes how traders behave. In practice, a lot of research programs degenerate into pedantic game theory exercises analysing what bidding strategy would be like if an auction market A lists only left shoe and B only lists right shoe etc... A postdoc coming out from such program is quitely just as marketable as a fresh PhD.... And sadly, such programs are not that uncommon. Many departments (e.g. complexity/chaos theorist, game theorist, some maths and computer dept) are busy sugar coating their programs to make them attractive to government funding agencies and potential students/postdocs...On the other hand, I would have much better confidence if the prof has worked in the City for a while/ the program is funded by an IB. However, it may not be easy to find such program. In any case, academic research is difficult to substitute with real experience.....

I'd say QF is a craft and not an academic discipline, thus it can only be learned from a practitioner, and only through doing it. On the other hand, I'm sure academic 'finance' presents many interesting puzzles to solve for those who like the academic way of life, as do other parts of academe. Without knowing what muniangel is actually trying to achieve (further own understanding of how the world works? enhance own employability? create the grand theory of finance ? ) it is hard to give decent advice.

I needn't know what's delimition about QF,academic or industrial.But I know both are important for the business. I doubt practitioners can create Brownian motion,Ito theory. I concern on your argument.Thanks a lot!