Decisions are coming out. Looks like all of them are rejection.
Anyone applied, please update your Tracker if you get an update. If you have not added your timelines to the Tracker, please do so. Thanks very much.
@davidsj @Yash Jain
Can I request that you add your application timelines to the Tracker now that you have an admit from the program. This helps us provide insights into the programs such as NCSU.
Congrats on receiving these offers. Can I request that you put the application timelines of those programs on the Tracker?
On our latest 2024 ranking, UCL is ranked higher than Warwick by a small edge. UCL has more reviews which gives a better insight.
https://quantnet.com/uk-rankings/
Since when making 200K a year while not very smart is an issue?
You either have a very skewed view of the industry or got your information from the wrong sources.
This is an industry with different roles and if you have something unique to offer, you will find your own spot.
I just looked at 2024 data on the Tracker and it appears most admission came out on Feb 27-28.
https://quantnet.com/resources/categories/uk.11/?custom_fields[program_resource_id]=44&custom_fields[result]=accepted
@Yeat
Congrats on the offer. It's the top ranked program on our 2024 UK ranking so you won't go wrong with either Imperial or Oxford.
Can you add your timelines of those programs to the Tracker so we have more data for our growing UK audience.
@shrdlu
Congrats and thank you for sharing your...
If you are comfortable with having a job in risk with a regional employer in Charlotte area, NCSU will serve you really well. Many students from that program seem to be happy with the ROI. They seem to create a niche for themselves in that area.
UW is well-known and have connection with big tech...
If you just want to have a job, historical data indicates that NCSU has pretty good placement stats with placing all their students with a job within 3 months. Keep in mind that many of those jobs may be in risk and located in Charlotte area. This can be a good thing for some people (lower cost...
They are all solid, top programs. If you get into any of them, it becomes more about how you make your coursework and research relevant to the niche field that employers hire. Reach out to alumni of those programs to see where they end up and how they apply the PhD to the work.
The compensation...
Everything is right here under the Admissions tab.
https://quantnet.com/resources/boston-university-ms-in-mathematical-finance-and-financial-technology.16/field?field=admissions
The higher your education, the less your undergraduate matters. Everything else being equal, candidates who came from prestigious/well-known universities fare better.
This just means you must have strong signals on your profile. How about having a very strong C++ or Python skill? Have done some...
Yes, AI is a thing that some quant programs are adapting in their curriculum. For example, here is how GaTech QCF is refocusing and rebranding their program towards AI/ML.
6/22 applications for 2025 applications on the Tracker got an admit so far. Not a bad percentage. Either putting the timelines on the Tracker brings good luck or good applicants put their applications there.
Baruch MFE partime is the right move in your case. There is no distinction between part-time or full-time as far as career services and job opportunities in their program.
You will take the same classes and have the same access as FT students.
In the Zoom event today, Laura mentioned that if you applied before December 15 and have not received decision, reach out to her. Applications after Dec 15 will hopefully get results by March 15.
They also admitted that they over admitted last year so this year, they will correct that. It will...
So far, nobody has received a scholarship yet for the 2025.
They offer in the range of 7.5K-20K based on data on Tracker. This is why having more people using Tracker will benefit everyone and I applaud everyone who contributes with their Tracker data...
We have way more members with Pending status in our Tracker so hopefully those will be converted to admit soon.
Sending good vibes to you guys. Please remember to add timelines of other programs to the Tracker as well. It helps grow our community and make the data more relevant.
Reach out to recent graduates of both programs on here or LinkedIn to hear what they say. If most of them is happy with the quality of the program, career services and getting relevant jobs, then it is worth attending.
Just plan your courses accordingly so you can have all the prerequisite courses. Take math and programming courses and see how you like or perform.
Fintech is a revolving field. AI may make everything irrelevant in a few years. Maybe not. Keep an eye on how the trends and industry reacts to new...
Do one thing well is better than half-a** a bunch of stuff. Pick your core strength (either math or CS) and maximize your knowledge there.
As far as CS knowledge is concerned, most quant programs will only require you to know C++ or Python really well. That said, it will be your meal ticket to...
A graduate degree is almost a requirement to break in the industry these days. Very rarely that undergraduates can break in given the competition where thousands of master students flood the job market. In that approach, you don't want to get too specialized in undergraduate, just focus on core...
You should add your applications to the Tracker to attract more discussion and updates.
https://quantnet.com/tracker/?custom_fields[program_resource_id]=82
Looks like the big 4 position gives you more headroom to grow. That may also pigeonhole you into accounting role the longer you stay.
As long as you enjoy the work, the culture and the comp, I think it's something to weigh against chasing the allure of a quant job.
Life is short, as long as you...
Programs don't determine whether you end up in a quant trading role. Your knowledge and ability to demonstrate fitness do.
Look at the common requirements of such roles and build your profile accordingly.
Some programs have more graduates end up in such roles. Prepare and apply to them.
ETH Zurich is one of the good programs out there if you can get in.
Finance is a high paying industry i.e competitive and it almost always means you have to invest a lot of money, time to get in by whatever means necessary.
A program with very high ROI means it's extremely hard to get in.
Coming...
All bets are off with alumni interview. There is no guideline for these and the questions will be based off your profile and resume. Anything that they feel you should know based off your resume is fair game (fairly or not).
Yeap, the Tracker is extremely helpful for all applicants as you mentioned. It's made possible by members who willing to help the community by sharing their timelines.
So please help us out, do your part and add your applications to the Tracker. It could become much more valuable if every...
Whatever project you create, you should add them to our directory and link to your github. This will help get them greater exposure.
https://quantnet.com/resources/categories/projects.9/
The admission process is not exact science so some people with identical background may get different results.
Thanks @Econogeek for sharing your timeline on the Tracker. Appreciate your contribution to Quantnet.
There are other programs that may lead you to the ultimate goal. MIT is not the...
A rejection means that your application is not competitive considered the given applicant pool to that specific program.
There is no appeal. You need to improve your application and apply next year.
At last, the new executive director has been announced.
https://newsroom.haas.berkeley.edu/finance-veteran-takes-helm-of-berkeley-master-of-financial-engineering-program/
It has been done. With experience and right skills, people can make the transfer.
It is much harder to get those QT/QR roles right out of graduate school without proper experience.
Risk management, regulation are a big segment where jobs are more plentiful.
Look more broadly to employers outside of the big name trading firms. Insurance, credit rating, govt agencies all hire MFE grads.
Once you are outside of the major financial center (NYC, London, Chicago, etc), the job...
There is a non zero chance to get into top tier firm from a middle tier program but as it's clear to you, it's extremely rare. When there are 1000 applicants for a job opening, firms are not going to look at every resumes. They will just filter by Oxbridge, Imperial or whatever they use.
My...
Get a solid STEM degree and load up on math stats and programming course.
https://quantnet.com/threads/feedback-on-plan-for-building-profile-for-baruch-mfe-fall-2026.59132/
That means employers are seeking candidates who can contribute on day one which many MFE graduates generally are underprepared.
You don't need stochastic calculus or any of the generic stuff you learn in MFE program.
You need to know how to work with large data set which means SQL queries...
Quantitative analyst is a very generic term. Analyst term comes from the old days where quants are part of investment banks.
As such, the "quant analyst" can describe a large range of job profiles. This is usually a more theoretical role that requires an advanced degree in Math, Stats, CS...
You have time to properly prepare for Baruch and other programs.
Focus on the foundation knowledge you need: math/programming/finance/stats/etc.
Read as much as you can from QuantNet master reading list. Research the target programs extensively. Reach out to alumni for review/input.
Follow what...
You probably can apply to a development role at a financial firm, fintech and get some understanding of what they do and what you want to do after a few years.
At that point, you can decide whether MFE is the right call. Right now, it is not advisable to get into an expensive education until you...
You will unlikely to get useful input on these as most people here apply to quantitative programs, not generic finance programs.
My feeling is that generic MFin programs have little appeal in the job market these days.
Your question is eerily similar to this a decade ago...
The heyday of MSOR program as a substitute for MFE was a decade ago. Look at the Tracker for historical data.
At that time, many people applied to MFE, did not get in but got offered admission in MSOR instead.
The fact that many students can take same courses under IEOR dept gives people the...
Congrats. Can you please add your timelines to the Tracker as well?
It will be so helpful to your fellow applicants to Princeton and avoid such anxiety.
This should help you get started. I assume you have top C++/Python/SQL skills already.
https://quantnet.com/threads/how-to-prepare-for-financial-engineering-programs-part-1.9964/
Does not sound right. Bunch of red lights flashing.
The point of doing a quant internship is to be part of a team of experienced quants where you can learn and grow.
If you are the only one, I'm not sure what values you can get from this without proper guidance.
If the firm has 1B AUM, it's a...
Interviews happened in mid Jan to Feb in last admission cycle. If it follows the same schedule this year, people would have received invitations by now.
That's a very good way to get in the door. It has been done before.
They will welcome someone with technical background to help them to test thesis or publish papers.
You will learn more about finance and have some relevant contribution you can talk about during interviews. You may even get...
Quick self-check: can you get into the top MFE programs like Baruch, Princeton where acceptance rate is <10%?
If not, then forget about getting a QT/QR roles where the acceptance rate is < 0.1%.
First step would be to recognize that QT/QR roles are extremely rare to obtain, especially for fresh...
Congrats on your offers. You may want to put the application timelines on the Tracker so people can help you better.
Without your profile, background and job target, it's impossible to give any input.
I'm sure you have done researches on these programs and have a good feeling which one is a good...
This sounds like an interesting project or career track. With sport betting becomes legal in the US, I think this is a niche that can become lucrative for those with the right skillsets.
You probably can get into some programs in that list. Look at the acceptance rate of these programs on the UK rankings.
https://quantnet.com/uk-rankings/
Go through a check list of requirements of those programs. If you meet all of them, apply. That's the only way to know if you get in.
What is your target job? Where? Which programs are known to prepare graduates for those roles?
How will the diploma in stats prepare you for that job?
Here is a...
You can always apply and if you don't get into the top programs, then go to work and earn some experience. Apply later when you are sure if this is what you need for your career.
If you have a realistic expectation for job profile that matches your profile and get into programs with demonstrably career placement in those roles, it's a good call.
Example, if you are interested in quantitative risk roles, NCSU has good record placing graduates in banks in Charlotte area...
I have both and the MFE degree set me up for my career in finance. I did it in the mid 2000s where quants were not a trend on social media.
Hard to give a definite answer since lots have changed. AI may make CS an obsolete degree in the future. At the same time, there are ways more MFE graduates...
@CMU MSCF (Emily Wertz, Director of Admissions) recently did a youtube inteview.
We summarize the main points so you don't have to. Anything that you may have wondered about their admission process is answered here...
New director for the program has been identified
https://www.linkedin.com/posts/jaehyukchoi_im-happy-to-share-that-im-starting-a-new-activity-7280426891709231104-Jn_X?utm_source=share&utm_medium=member_ios
Until you get an official rejection letter, it's too early to mark your tracker as Rejection.
It's still too early for anyone to get the interview invites as the online test was on Dec 28th.
This is the end of the year so schools will close down for vacation.
After sharing the compensation data, I received many inquiries on LinkedIn about the differences in compensation among Quant Traders (QT), Quant Developers (QD), and Quant Researchers (QR). Here’s a quick rundown of their roles and typical compensation structures. Keep in mind that titles and...
The current flash point seems to be the war between Elon Musk and the right wing over the H1B visa.
https://www.nytimes.com/2024/12/27/technology/trump-musk-immigration-h1b-visa.html
This is interesting. Last year, they released most rejection on one single day 3/8/24. If the rejection you saw you Tracker is accurate, we may see some early rejections this year.
You may be mistaking it for the TOEFL test being not required for applicants whose undergrad is in the US or where official instruction language is English.
Age is not a concern. Prepare so you are ready in the first day of the program to apply and interview for jobs.
Take whatever needed courses to prepare you. Math and programming courses. Aim to be better than other applicants not the minimal requirements to get admitted.
Sounds like our QuantNet members are well prepared with all the available information.
So for future applicants, what would you guys suggest them do to prepare for this online assessment test?
There seems to be some delay in response time due to staff shortage. It was mentioned in the master GaTech QCF admission/result thread.
Can you add your daughter profile and timelines on the Tracker? This way, you can easily track and compare your admissions with other applicants.
Imperial is a great name and well-known among UK employers. That's how many graduates of Imperial Math Finance got in the door.
It's unclear to me if the Stats course enjoys the same benefit. You may have to do the heavy work yourself to get in the doors.
Getting excellent programming skill...
Given the example you have first hand, it is obvious you already know the answer to it.
If you have the qualifications, apply for a job.
Apply only to programs that will provide the missing qualifications otherwise.
After going more data, it's clear the compensation level for US firms are way ahead of rest of world. There are some QR and QD positions at JS/CitSec/Jump/Optiver/SIG/HRT that get 1M+ in bonus with 5 years experience.
Below is a sample of compensation data collected through r/quant sorted by firms/location/role/YoE/etc. This will be updated over time as more data is available.
Disclaimer: No guarantee of accuracy is given. The data is self-reported so it may result in sample bias.
Nonetheless, these are...
If it makes you feel better, you are not the only one put through this process. Hopefully some holidays cheers will bring your mood up.
Where did you end up after the last admission cycle?
What will be your first job that will lead you to your long-term goal? Focus on this first and see how to get there and which program is best suited.
Tandon has 3 times the students of UIUC. Even it's in NYC, its graduates have to compete with students from other NYC programs as well as everyone...
Can you add your timelines to the Tracker @jinay ?
This would help with predicting when you will get your decisions for the remaining programs.
Assuming you will only get these 2 programs, picking one will be finding which is best match to your career goal.
What kind of job and roles after...
Learning Mathlab and R without clear use case is not productive. I would instead master C++ and Python.
Many people claim to know C++ and Python these days but are you better than thousands of others who can claim the same.
I would make sure you know it at the levels we cover in our Python and...
Definitely need to strengthen your profile with more math and programming courses while working to earn some relevant work experience.
Use @grxthy plan for Fall 2026 as a guideline. It will make you a strong candidate for many top programs.
As an active member of QuantNet and using our resources, you are actually more informed than most applicants to these quant programs.
Reaching out to current students and recent graduates is an important step. So are reading reviews on QuantNet and looking at the data from our website.
Comparing...
Not really. Undergrad STEM courses are pretty standard in the US so the math courses you learn from WIT would be similar to another WPI or better known universities. The caveat is that different universities have different grading policies so admission people have their own evaluation method to...
Reach out to students in those programs on LinkedIn and ask for their frank suggest. They may give you insights to make an informed decision.
They are in a better position than many of us.
Princeton will give decision in mid March and if you reach out, they may give you an earlier decision...
UCB MFE only has Spring admission which means @EquityQuant needs to act soon.
I don't know if he will get decisions from other programs before deadline.
Worst case, he can put down a deposit for UCB and wait for results from Princeton, Baruch.
Congrats on Baruch MFE program and its students for being recognized by another publisher for being the #1 global quant program.
https://www.risk.net/quantitative-finance/7960667/baruch-maintains-top-spot-in-2025-quant-masters-guide
Today Risk.net released their 2025 ranking of top quant master programs globally. Congratulations to all programs featured in this ranking.
The full ranking will be available on Dec 23, 2024 but you can get the listing here.
https://www.risk.net/quant-masters-guide
Boston MSMFT program is looking to hire a new program director who will also direct their new Master of Finance (starting Fall 2025).
https://www.linkedin.com/posts/ashley-baum0817_program-director-msmftmsf-questrom-school-activity-7274426405168287745-HDZh?utm_source=share&utm_medium=member_desktop
I would have to look into this as this is not a stock function we can readily enable. Creating another account is an easy solution but very inconvenient.
What would be the best use case for this?
Your tracker is still pending so I assume you have not received an official rejection letter yet?
I can't talk to why you did not get an invite. Looking at the Tracker data, I find them very efficient with an average processing time of 39 days from submit to result.
What other programs are you...
Yes, apply and then sign up for their pre-MFE courses to address that. If you perform well in the course, it will matter more than the B- you got in college.
Their pre-MFE courses are designed for people like you: to refresh the knowledge and prove that you can handle intensive coursework to...
I would say trying to reach out to different people on LinkedIn who has a job profile you target and ask for thesis/project idea. This may be a long shot as most professionals in this industry are busy as is.
Another idea is reach out to professors at different universities or quant master...
Take a look at the syllabus of the same courses from both places and see which one is more mathematical rigorous. That is the one you want to take. The hardest path is usually one that prepares you better.
Best of luck. This is a long journey but thousands of QuantNet members have been where you...
I would start here. There are tons of free reading materials that you can use to get a better understanding of the industry. Then, you can start networking with people to learn more. It's never ending so it does not matter which channels you use to pursue the knowledge...
Get some relevant work experience, build some projects that relate to quantitative finance, either through work or side projects.
Build up your math background to meet the requirements, through local colleges or online like Baruch pre-MFE courses.
Get your Python/C++/database skills current...
I have seen some misconceptions that applicants who looked at the average GRE/GPA of admitted class and surprised that they did not get admitted when their stats are better. It's a very naive thinking.
The admission process is a lot more nuanced than that. The data that people willing to share...
When did you have your first interview?
I am imploring all applicants to put their applications in the Tracker to help yourself and all other fellow applicants to avoid this anxiety-filled period.
@MRoss probably has seen way more people with wide range of experience and expectations to know what works and not. Things are not as rosy or easy as people make it out to be.
Most people will have a few challenging first years to see if they can make it.
Harvard, USC, Cornell and other universities are issuing travel advisories to their international students. If you are from India or China, this may affect you.
https://www.nytimes.com/2024/12/11/us/colleges-international-students-trump-travel-ban.html
No. Community colleges are a good way to take the courses, get a good grade on a transcripts that you can use to meet the requirements.
No reason to spend extra. In many cases, community courses are better. I know many great professors teaching high level math courses at CC.
Since you have a longer runway to prepare than many applicants, I would suggest approach this strategically. Research the programs and reach out to them to see if they have specific requirements about the courses.
Optimize your plan to meet these requirements.
In general, course from extension...
I'm going to approach this as making sure you and everyone is doing more than the requirements. After all, requirements are minimum and many applicants meet and exceed them.
1) Having a strong C++ will make you eligible for many job opportunities, rather than just getting into a master program...
Most 2024 applications were added to the Tracker in January so I guess we will see the same thing this year. Most discussions will happen when people get interview invites or results.
https://quantnet.com/resources/princeton-university-master-in-finance.6/field?field=applications
NCSU grads get a 110K base salary average the last 3 years from the ranking data. A lot of risk positions there.
This is a more realistic expectation for someone out of the master program with no prior experience.
Frankly, it's a lot less stressful in Charlotte than living in NYC.
I saw this on Reddit and thought it would be informative for students going to programs in NC such as NCSU, UNC at Charlotte where recent graduates make over $100K.
For students coming over from China, India, this will give them some idea the cost of living in Charlotte, the largest city in...
The compensation in tech is lucrative when it is in stock options, not salary. Your stock option making you millions depend on which startup your join and many factors, sometimes luck.
The compensation in finance is a base and bonus. The amount of bonus depends on how close you are to the front...
It will depend on who interviews you. It can be technical if an alumni interviews you. Otherwise, it will be behavior (why UCB MFE, career goals, etc).
Make sure to go over your resume well and can answer anything you put on it.
No need to do the GRE if you already did the GMAT and have a 100th percentile in Q. That's all they want to see in either tests.
The choice of taking GRE or GMAT comes down to the type of programs you apply to. Business school programs usually require GMAT.
GS Quant is a Python toolkit for quantitative finance, created on top of one of the world’s most powerful risk transfer platforms. Designed to accelerate development of quantitative trading strategies and risk management solutions, crafted over 25 years of experience navigating global markets...
If you are referring to the pre-MFE courses by Baruch, I think the best advice is to reach out to them with your profile and see what is needed.
They may tell you in which sequence to take those courses.
Ideally, you take all those pre-MFE courses or its equivalences recently to prepare...
Around 2 weeks.
https://quantnet.com/resources/georgia-institute-of-technology-ms-in-quantitative-and-computational-finance.15/field?field=applications
Your low GPA and GRE Q did not make the cut. Use this work experience and time to properly prepare for next year. You need to show you can take courses and do well to overcome the old GPA.
Follow @grxthy plan for Fall 2026 and take all the courses needed to strengthen your profile. This is the...
You can then load up on all the math courses while getting your economics degree. An extra math course a semester or so will help. All the math courses (stochastic, probability, measure theory, etc) would help make your life easier during the MFE study.
Seek out research opportunities with your professors in quantitative finance, machine learning, or computational math. Focus on producing tangible results like publications, presentations, or posters at academic conferences.
Create a GitHub repository showcasing projects in financial modeling...
A second master is always overkill if you haven't fully leveraged your existing education and experience to gain entry-level roles in risk management. Maybe ramp up your skills in programming (Python/C++), rework your resume, network, and target more realistic roles. There are plenty of risk...
Princeton admission seems quite this year. Deadline is coming up on the Dec 15th but only a handful on the Tracker.
https://quantnet.com/resources/princeton-university-master-in-finance.6/field?field=applications
Have anyone been invited to interview? How did you do on the QBA?
Time to put it on the Tracker and get the action going. I saw close to a dozen trackers for 2025.
Best of luck to all and let's share your experience, tips...
Top firms recruit people without a finance background. If you are very smart and have a STEM background, then you can apply and compete with others.
https://www.twosigma.com/articles/from-stem-to-finance-employees-share-their-stories/
Start here and ask you reach a certain topic, you can do further research.
https://quantnet.com/threads/master-reading-list-for-quants-mfe-financial-engineering-students.535/
Some programs may prefer candidates with relevant job experience but most will admit strong candidates without work experience. Don't sell yourself short. PhD is not something you casually consider. It's a serious time commitment without a guaranteed outcome.
It appears you need to really...
Probability theory, measure theory, stochastic calculus. There are the knowledge that most students struggle with during MFE study without a proper background.
Any programs will say that they have a holistic approach to evaluate applications i.e looking at your profile as a whole instead of focusing on specific numbers.
As long as you meet their checkboxes and can make a compelling case, you will be considered instead of straight reject.
#1...
I'm going to be brutally honest so you make an informed decision.
Everything you said points to a lack of serious commitment on your part. You went to a top university in your country but didn't take it seriously.
You are preparing for one of the most intensive study period in your life by...
Just apply. Worry about this vague requirement later when you come to it. If you delay, you will miss the deadline. This is one of the easiest requirements to meet.
Put your application timelines on the Tracker. That's all I ask from all the applicants using the free resources on QuantNet.
Each program is ranked based on the strength of their data (admission, placement, etc).
NYU had a similar dip in the 2021 ranking. You can see how their admission numbers changed over year. Everything is very transparent.
Each tab here shows the data over the years. There are insights from the...
GRE is a small items on your checklist. Most programs will look at your GRE Q and if you are above a certain cutoff, one item is checked off. Try to get as high as you can on GRE Q, beyond that, the return on spending more time on this is diminishing.
You can always contact the programs to...
Here is another tip
https://www.linkedin.com/posts/abhijeet-mutha_these-5-resume-changes-got-me-shortlisted-activity-7268119120892575744-ASxI?utm_source=combined_share_message&utm_medium=ios_app&utm_campaign=copy_link
Hey @David Maltz
Thank you for your input which I really appreciate. Everything Quantnet has done over the years is to pursue one mission: to provide members like you with information, hard data and knowledge to best prepare for a career as a quantitative finance professional.
Students reviews...
Generic advice about the resume: use a standard font: Times New Roman, etc. Get everything in one page. No student at this level needs more than one page.
Some programs publish their graduates resume books. Use that as a template.
I'm told by my university contact at Bayes that the 3 following UK programs will be consolidated into one with separate tracks. The Bayes Business School also just merged with St George’s, University of London so now the program will be called City St George’s, University of London, Bayes...
It's not all that you should do. Read books and master key concepts before you even apply. Become really good coder. Masters interview skills and key areas. Many resources online to get these done.
Anything you do, there are thousands of people out there doing way more and ready to take your...
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