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Financial Engineering MBA's...
Posted: October 23rd, 2003, 12:07 am
by pettenor
OK. I struggled with the same decision for a long time. I chose to go the MBA route, and I am very happy with my decision. That being said, it really does depend on the program => both the MBA program and the quantitative program (MS/MFE/MCF/CF/etc...). I'm glad I'm finally in a position to give advice rather than take it as I have been doing up till now!I'm in the MBA program at MIT Sloan. The MBA program was revamped this Fall with a new set of requirements. Basically your first semester you are forced to take all the core classes (Accounting, Economics, Statistics, Organizational Processes, Communication for Managers, and some semester-long projects) and one of either Finance Theory I or Strategic Marketing. So ok, the 1st semester basically sucks. But one good thing about it is that it forces you to really develop communication and interpersonal skills, which I claim are more important than any technical skill if you want to trade at a top bank. After that your done with requirements, except that you have to have 144 credits from the business school before you graduate. But the first semester already gives you something like 50 or 60 credits and many quant classes you'll take are actually part of the business school (like advanced stat, optimization, fixed income products, derivatives, etc...). So you can basically take any engineering/math class at MIT.I also have access to some of the best FE Professors in the world. I just sat down with one of the best a few days ago and I might get the opportunity to work at his quant hedge fund part-time and/or during the semester.And one more plug: there are strong ties between top banks and the business school and they consistently hire MBAs from the program. It's really a huge advantage over the MFE?MS program that haven't yet developed a reputation at many firms.So in short, if you have the opportunity to go to a select set of flexible MBA programs, I would do it. But make sure the programs you apply to give you the flexibility to do what you want.Hope this helps.-P.
Financial Engineering MBA's...
Posted: October 23rd, 2003, 11:19 am
by martinigale
hey pettenor,can you tell me what your background is ? I would love to attend sloan too !!
Financial Engineering MBA's...
Posted: October 23rd, 2003, 1:52 pm
by pettenor
I have a BS in Computer Science from a top engineering school and spent 3 years developing software at a bulge-bracket bank. The last 2 years were developing automated market-making systems. But it doesn't really matter where you went to school and where you worked. The most important is how your application stands out. Good GMAT will help too.One word of advice for applying to the MBA programs. Make sure your application reflects the "soft" side of the program. MBA programs want people who will be leaders and you need to show that you're capable of it in your app.Btw, I know the MBA program at Carnegie Mellon places a LOT of people in Sales and Trading...HTH.-P
Financial Engineering MBA's...
Posted: October 23rd, 2003, 1:56 pm
by racso23
What about doing not only an MBA with concentration but a Dual Degree? For example this program is offered in Georgia Tech!
Financial Engineering MBA's...
Posted: October 23rd, 2003, 2:01 pm
by pettenor
If it's 3 years for both then I'm not sure if it's worth it. 2 years? Sounds good...Also, if the MBA program is not solid, then it's not really worth the extra year and tuition. By definition, the MBA program is equated with soft skills and prestige. If those are lacking in the program, it's definitely not worth it. It won't add to the MS.
Financial Engineering MBA's...
Posted: October 24th, 2003, 10:05 am
by martinigale
I have a BS in Computer Science from a top engineering school and spent 3 years developing software at a bulge-bracket bank. The last 2 years were developing automated market-making systems. But it doesn't really matter where you went to school and where you worked. The most important is how your application stands out. Good GMAT will help too._________Would a score of 760 be considered good enough, especially when you look at the number of people who score 800 ?
Financial Engineering MBA's...
Posted: October 24th, 2003, 10:34 am
by robertral
I think us English should adopt a GMAT kind of system as A-level and degree class are really shite