April 29th, 2004, 11:03 am
I'm ex LBS MiF so I'm biased but let me try and tackle the first set of questions in this thread:1. What types of careers do people have coming out of the programs? Assuming I take as much quant courses in LBS (fixed income, financial engineering, etc), what types of job would I be likely to have versus if I took the computational finance course?The output from the MiF is predominantly split between i-banking and markets (whether buy- or sell-side) with a few people going into consultancy or industry - in a normal year - get's all skewed in 'weird' times such as 2001-2003. Within the markets role a lot of people seemed to go into either buy- or sell-side equity research, quite a lot into fixed income trading, a few into hedge funds and private equity funds and a few into structuring or structured product trading. No-one seems to become a pure quant as in modeller, developer or valuation.2. If I am not too inclined about programming, does this mean the CMU MSCF may not be for me? If I do the CMU MSCF, will I be 'stuck' with programming as part of my work?Don't know.3. Does anyone know about the current placement success in e ach program? I have been given some numbers but I wanted to get some input from the students in the program who may be able to tell me what it is really like out there.After LBS got caught out quite badly during the 2001-2003 slump in terms of placements (normally 100% with most people getting the role, if not firm, of their choice) due to resting on its laurels and just waiting for milk round places to drop in the laps of its students, the entire Careers Management Centre was rejigged and apparently is now very very good at strengthening placement ability and advice.4. What is the general school and program reputation in US, Europe, Asia? LBS - Europe > US > Asia I guess - top ranking, alongside INSEAD5. Can anyone comment on the strength of the faculty and student body?Faculty - v strong in Management and Finance - not sure about others - 3 or more extremely good (i.e. world class) financial engineering profs. But let me put in the words of my prof for financial engineering: "We are trying to do here in 1 semester what your would spend 1 year doing at Carnegie Mellon (he also rated 2-3 other US unis up there - I just seem to remember CMU)" - but to be a 'real' quant, go to CMU. To be someone who has tools to be good at making money by working alongside quants, go to LBS.
Last edited by balrog on April 28th, 2004, 10:00 pm, edited 1 time in total.