• C++ Programming for Financial Engineering
    Highly recommended by thousands of MFE students. Covers essential C++ topics with applications to financial engineering. Learn more Join!
    Python for Finance with Intro to Data Science
    Gain practical understanding of Python to read, understand, and write professional Python code for your first day on the job. Learn more Join!
    An Intuition-Based Options Primer for FE
    Ideal for entry level positions interviews and graduate studies, specializing in options trading arbitrage and options valuation models. Learn more Join!

Search results

  1. Andy Nguyen

    GameStop GME and WSB saga

    Has anyone followed the event relating to GME the last few weeks? Or better yet, participated in (and gaining from)? It's very interesting time for sure. You certainly can't model it.
  2. Andy Nguyen

    2021 QuantNet Rankings of Financial Engineering (MFE) Programs

    We are pleased to announce the publication of the QuantNet 2021 Rankings of Financial Engineering programs. Released during the covid pandemic, the 2021 rankings reflect the great difficulties and challenges many programs face. The pandemic's adverse effects are most evident in the huge drop in...
  3. Andy Nguyen

    Python course testimonial

    The following are testimonials by students who recently completed the "Python for finance with intro to data science" online course. If you have questions, ask here and they are more than willing to answer.
  4. Andy Nguyen

    EXCLUSIVE: Get $250 OFF for Python course

    Dear friend, I'm excited to offer you early access to our new online course Python for Finance with Intro to Data Science. As an exclusive offer, you can use coupon code PYTHON-LAUNCH to get $250 off the regular price of $1,250. This coupon will expire after the first 100 uses or after 7...
  5. Andy Nguyen

    Try out the QuantNet app

    As we work to modernize our platform and create a better experience for our users, I like to invite you all to try out the QuantNet app. It is a PWA (progressive web app) that you can add to your mobile homepage like a native app. On a desktop device, you can install it via the browser and add...
  6. Andy Nguyen

    Quant -> Personal investment

    I'm sure many of QuantNet members have a 10+ years experience post MFE degree. I wonder if any of you guys have a personal investment portfolio that is appreciated enough that they are thinking of retirement in the next 5, 10 years? @IntoDarkness
  7. Andy Nguyen

    2020 MFE admission roll call

    As admission decisions start to come in, let's get a tradition going here so we can share the programs we applied, the admits/rejects we received and the program we are ultimately joining. Let's keep the format uniform and discussions on their separate programs threads. Please share details on...
  8. Andy Nguyen

    Corona Virus discussion

    Just to get everything into one thread for easy tracking. Looks like University of Washington has canceled all in-person classes and will move to online classes. Exams, finals, etc will take place online. There is a chance schools in NYC will follow as more cases are confirmed.
  9. Andy Nguyen

    WSJ: In Battle to Recruit New Quants, Hedge Funds Outpay Banks

    This WSJ article refers the data collected by Baruch MFE graduates.
  10. Andy Nguyen

    2020 QuantNet Rankings of Financial Engineering (MFE) Programs

    We are pleased to announce the release of our QuantNet 2020 Rankings of Financial Engineering programs, to be available online at 9AM EST on Dec 16th. Please turn on push notification and like this first post so you can instantly get notified when the rankings is live. You can enable the push...
  11. Andy Nguyen

    Lawsuit put OPT for F1 students in jeopardy

    This case is of most interest to many of our QuantNet audience here since most of them will need to get OPT for internship and post graduation job opportunities. This case may eliminate the OPT program causing extreme hardship or virtually impossible to get a job after their MFE degree...
  12. Andy Nguyen

    QuantNet online course - An Intuition-Based Options Primer for Financial Engineering - Enrollment open

    Dear Friends, The online course An Intuition-Based Options Primer for Financial Engineering: Model-independent relationships vs. Black-Scholes created by Prof. Dan Stefanica and offered by QuantNet will open for enrollment on September 30. The course covers topics directly relevant to quant...
  13. Andy Nguyen

    No finance knowledge needed for quant jobs?

    The article below cites Marcos Lopez de Prado as saying that crowd-sourcing the problem to thousands of data scientist is the way of the future. Do you agree with the premise of this article? https://news.efinancialcareers.com/uk-en/3002106/big-data-jobs-finance
  14. Andy Nguyen

    Prof. Emeritus Mark Rubinstein, financial engineering pioneer, passes away

    Mark Rubinstein, a finance professor emeritus whose work had a profound impact on Wall Street by forever changing how financial assets are created and priced, died May 9 in Tiburon, California. He was 74. Rubinstein, who retired in 2012 after nearly 40 years on the University of California...
  15. Andy Nguyen

    2019 MFE admission roll call

    As admission decisions start to come in, let's get a tradition going here so we can share the programs we applied, the admits/rejects we received and the program we are ultimately joining. Let's keep the format uniform and discussions on their separate programs threads. Please share details on...
  16. Andy Nguyen

    Computer Science major is hot again

    Very interesting read. Let me know what you think of this. https://www.nytimes.com/2019/01/24/technology/computer-science-courses-college.html
  17. Andy Nguyen

    Top 2019 H1B visa occupations

    The following is list of top 50 H1B visa occupations from myvisajobs. The footnote said data is from 2017 so not sure the accuracy of this but it's not surprising that the majority H1B visa is technical jobs.
  18. Andy Nguyen

    Breaking Bad TV show

    Anyone here us a fan of the above show or its spinoff Better Call Saul?
  19. Andy Nguyen

    2019 QuantNet Rankings of Financial Engineering (MFE) Programs

    We are pleased to announce the release of our QuantNet 2019 Rankings of Financial Engineering programs, to be available online at 9AM EST on Dec 4th. New and improved, the 2019 rankings will include several new programs and focus entirely on US-based programs. Please turn on push notification...
  20. Andy Nguyen

    Toughest Interview Questions

    Not really quant questions but surely you will get these. Hopefully you can make good use out of it.
  21. Andy Nguyen

    Prof. Ken Abbott retiring from Wall Street to join academia

    I have the honor of knowing @Ken Abbott through his valuable contribution to our QuantNet community and met with him through various occasions many years ago. I know that many generations of MFE students from various programs got to know him as well. His posts have inspired and educated many of...
  22. Andy Nguyen

    Let's get QuantNet Facebook page 4000 likes

    I need your help. We are so close to 4,000 likes on Facebook. Currently at 3,904 now. If you haven't liked or followed, please do so. This is a way for us to reach out to more people who may be interested in our field of study and industry. Link here QuantNet Facebook page
  23. Andy Nguyen

    All 2018 MFE Applicants thread

    Hi all, There are various threads of applicants to different programs so I thought it's a good idea to get to know everyone who is applying for Fall/Spring 2018 admission to any MFE/Math Finance/Quant programs. Let's introduce ourselves and get to know one another. We may become future...
  24. Andy Nguyen

    PROGRAMMING: How to build a horse

    Is your experience similar to the below? Courtesy of the guys at How To Build A Horse With Programming (Comic) - Toggl Blog
  25. Andy Nguyen

    QuantNet Best-selling Quant Books of 2017

    QuantNet has been compiling the annual list of best-selling quant books our members purchase every year since 2010 (see the best-selling book lists of 2016, 2015, 2014, 2013, 2012, 2011, 2010). The following list is 20 best-selling quant books of 2017 (both hard-copy and ebooks). The first ever...
  26. Andy Nguyen

    Microsoft Considers Adding Python as an Official Scripting Language to Excel

    This could be interesting. So we can use Python instead of VBA and open realms of opportunity. Microsoft Considers Adding Python as an Official Scripting Language to Excel
  27. Andy Nguyen

    UT Dallas Master of Science in Financial Engineering and Risk Management

    Just ran across this program while googling for "financial engineering". Seems to be a new program enrolling students for 2018. I've reached out to them and will share what I learn about it. MS Financial Engineering and Risk Management | Naveen Jindal School of Management @Ken Abbott would love...
  28. Andy Nguyen

    2018 QuantNet Rankings of Financial Engineering (MFE) Programs

    The 2018 QuantNet ranking of Financial Engineering, Quantitative Finance masters programs in North America provides detailed information on placement and admission statistics from top programs the region, making it uniquely valuable to the quant finance community at large. The 2018 QuantNet...
  29. Andy Nguyen

    The Disappearing American Grad Student

    This is a fact of life that many of us have known for years, specially in the field of financial engineering. This has been discussed ad nauseam here. Anyone believes it will be any different in the foreseeable future? The Disappearing American Grad Student
  30. Andy Nguyen

    QuantNet Best-selling Quant Books of 2016

    QuantNet has been compiling the annual list of best-selling quant books our members purchase every year since 2010 (see the best-selling book lists of 2015, 2014, 2013, 2012, 2011, 2010). The following list is 20 best-selling quant books of 2016 (both hard-copy and ebooks), compiled from...
  31. Andy Nguyen

    Advanced C++11/C++14 and Multidisciplinary Applications Online course is now open

    The enrollment for the 20-week Advanced C++11/C++14 and Multidisciplinary Applications online certificate is now open to the public. The course previously was only available by invitation. Detailed information about the course (syllabus, requirement, tuition, testimonials) can found on the...
  32. Andy Nguyen

    FT: Banks cut budget for maths and models as rules change

    Nice reading for QuantNet audience. Use it to have a more informed idea on career path. Banks cut budgets for maths and models as rules change - FT.com
  33. Andy Nguyen

    NYU MSFE MS' Peter Carr, Noted Derivatives Expert, to Chair NYU Tandon Finance and Risk Engineering

    Lays Out Plans to Attract Additional Stellar Practitioners to One of the Oldest and Largest Financial Engineering Educational Programs BROOKLYN, New York – One of Morgan Stanley’s top quants is returning to his academic roots full time, as chair of one of the world’s oldest and largest...
  34. Andy Nguyen

    Advanced C++ and Modern Design Online Certificate Students' intro thread

    This is for members taking this online course to introduce themselves, their career/education goal in pursuing the certificate. It is similar to one we have for students taking the first course. https://www.quantnet.com/threads/c-online-certificate-students-intro-thread.7522/
  35. Andy Nguyen

    Python Online Certificate Students' intro thread

    This is for members taking this online course to introduce themselves, their career/education goal in pursuing the certificate. It is similar to one we have for students taking the C++ course. C++ Online Certificate Students' intro thread
  36. Andy Nguyen

    STEM OPT will soon be 36 months

    Great news for MFE graduates. Beginning May 10, international students earning degrees in science, technology, engineering and mathematics fields in the United States will now be eligible to stay for three years of on-the-job training. This is 7 months longer than the current OPT rule. This...
  37. Andy Nguyen

    QuantNet Best-selling Quant Books of 2015

    QuantNet has been compiling the annual list of best-selling quant books our members purchase every year since 2010 (see the best-selling book lists of 2014, 2013, 2012, 2011, 2010). The following list is 20 best-selling quant books of 2015 (both hard-copy and ebooks), compiled from aggregate...
  38. Andy Nguyen

    New FRM graduate program at University of Toronto Rotman School

    The University of Toronto's Rotman School of Management is launching a new graduate program in financial risk management. An intensive eight-month program for recent graduates with solid quantitative skills from undergraduate university programs, the Master of Financial Risk Management (MFRM) is...
  39. Andy Nguyen

    Coding academies as gateways to $100,000 jobs

    Interesting article on NYTimes today about coding academies that train people for several months for programming languages in high demand. http://www.nytimes.com/2015/07/29/technology/code-academy-as-career-game-changer.html
  40. Andy Nguyen

    University of Miami's Mathematical Finance (MSMF)

    I got sent over some information about the new program at University of Miami which will recruit its first cohort for Fall 2016 in Nov this year. A few quick notes on the program 3 semester long, 34 credits All students eligible for 25-30% scholarship, resulting in a total degree cost between...
  41. Andy Nguyen

    Terry Tao, the greatest mathematician in the world

    A great read for many members here about a young math genius, the best of our time. I learned about Terry Tao in the year of 2004 during graduate school when my PhD advisor discussed the Green-Tao paper. The article author did a great job making the material very accessible even if you are not a...
  42. Andy Nguyen

    Worst and best fonts to use in resume

    According to a Bloomberg article, the worst font to use on your resume is Times New Roman. Using old faithful might send the wrong sign to your future boss, though. “It’s telegraphing that you didn’t put any thought into the typeface that you selected,” says Hoff. “It’s like putting on...
  43. Andy Nguyen

    QuantNet Best-selling Quant Books of 2014

    QuantNet has been compiling the annual list of best-selling quant books our members purchase every year since 2010 (see the best-selling book lists of 2010, 2011,2012, 2013. The following list is 20 best-selling quant books of 2014 (both hard-copy and ebooks), compiled from aggregate...
  44. Andy Nguyen

    C++ online certificate approved for 15 GARP CPE credits

    With great pleasure, we'd like to announce that the Global Association of Risk Professionals (GARP) has approved our "C++ Programming for Financial Engineering" online certificate for 15 GARP CPE credit hours. These 15 CPE credits will be only available to those who completed our C++...
  45. Andy Nguyen

    MBA Programs move into Big Data realm

    An interesting article on NYTimes about the changing landscape of business schools where it's increasingly important to teach "skills like A/B testing, rapid prototyping and data-driven decision making, the bread and butter of Silicon Valley." According to the article, the study body at MBA...
  46. Andy Nguyen

    C++11/14 what do we need to know?

    According to http://en.wikipedia.org/wiki/C%2B%2B14, C++14 is the informal name for the most recent revision of the C++ ISO/IEC standard, formally "International Standard ISO/IEC 14882:2014(E) Programming Language C++". C++14 is intended to be a small extension over C++11, featuring mainly bug...
  47. Andy Nguyen

    Wall Street vs Sillicon Valley

    As recent as few years ago, who've ever thought that people technical skills would turn down Wall Street for tech firms? It's a reality now and a growing challenge to big banks that they start to do outreach campaign like one happened recently in New York City. I'm sure a lot of QuantNet...
  48. Andy Nguyen

    MSU starts new bachelor financial engineering program

    From their press release A group of students at Montana State University are in their first semester of a new financial engineering program that will feature professors from two colleges. The new program, approved by the Montana Board of Regents last year, will allow MSU undergraduate students...
  49. Andy Nguyen

    What does it take to get hired by Goldman’s hot ‘strats’ group?

    If you’re someone with a mathematical bent, for whom ‘challenging’ maths questions are elementary and differential equations are fun, there is – allegedly – one place where you’ll feel especially fulfilled in banking: Goldman Sachs’ ‘strats’ Group. All banks have mathematical wizards, but the...
  50. Andy Nguyen

    New Vulnerability Found in Every Single Version of Internet Explorer

    http://gizmodo.com/new-vulnerability-found-in-every-single-version-of-inte-1568383903 For the few remaining QuantNet members who still have to use Internet Explorer, it's time to get a better browser such as Chrome. I have not used IE for the last several years. QuantNet works better in Chrome...
  51. Andy Nguyen

    Michael Lewis' latest book - Flash boys: A Wall Street Revolt

    Have anyone seen his latest book about Wall Street HFT and the guys at RBC who discovered how they game was rigged. http://www.amazon.com/Flash-Boys-Wall-Street-Revolt/dp/0393244660/ It may not reveal much that we haven't known but it's an interesting read, specially for fans of Michael Lewis...
  52. Andy Nguyen

    Michigan MFE Michigan MFE has been closed down

    This may not come as news to some people but I'd like to put it out there. The announcement was posted on the website probably a couple months ago. Beginning in Fall 2013, the Financial Engineering Program was closed to new applications as its curriculum was reviewed. After this review, the...
  53. Andy Nguyen

    The Financial Engineering Degree and 5 recommendations for improving quantitative finance programs

    Teri Geske is a lecturer and Executive in Residence at the UCLA Anderson MFE Program. She share with QuantNet a few years ago about "Top 10 Things Practitioners Really Want from Financial Engineers". She recently wrote an article on GARP to reflect on what she has observed about the financial...
  54. Andy Nguyen

    QuantNet Best-selling Quant Books of 2013

    QuantNet has been compiling the annual list of best-selling quant books our members purchase every year since 2010 (see the best-selling list of 2010, 2011,2012). The following list is 20 best-selling quant books of 2013, compiled from aggregate, anonymously collected data and provided by Amazon...
  55. Andy Nguyen

    Marco Avellaneda: "The Era Of The Pure Quant Is Over"

    Interesting interview with Fabio Mercurio
  56. Andy Nguyen

    Big Data MOOC announcement

    To meet our educational standards and the needs of the students taking the Big Data in Finance Massive Online Open Course, it was deemed necessary to postpone the start of the course. Should a new time frame for the course be established, it will be announced on this forum. We are committed to...
  57. Andy Nguyen

    [Dec 11, 2013] QuantNet-MIT MFin Admission Chat (QuantNet)

    QuantNet will host our first ever online admission chat with the MIT MFin program on Wed Dec 11, 2013 from 9-10AM EST. This online chat will be joined by members of the MFin Admissions Committee, Career Development Office, current students and will be devoted to answering your questions about...
  58. Andy Nguyen

    List of Big Data programs

    NYU Master of Science in Data Science Illinois Institute of Technology Master of Data Science CUNY Master degree on Data Analytics (online) Columbia University has a certificate in Data Sciences, a new master degree will open in 2014, followed by a PhD program UC Berkeley Master of Data Science...
  59. Andy Nguyen

    QuantNet 2013-2014 International Guide to Programs in Financial Engineering

    QuantNet is proud to announce the release of our second publication QuantNet 2013-2014 International Guide to Financial Engineering Our inaugural edition has been an extremely useful companion guide to the field of financial engineering for many students. It has been downloaded over 10,000...
  60. Andy Nguyen

    IAFE is now IAQF

    The International Association of Financial Engineers (IAFE) recently changed its name to International Association for Quantitative Finance (IAQF). The change is a reflection of the increasingly popular use of the term "quantitative finance" where "financial engineering" used to be. The press...
  61. Andy Nguyen

    Rotman RITC 2014 Trading Contest

    The 2014 contest is scheduled to run from Feb 20-22, 2014 so get your stuff ready and we will be seeing you in Toronto! http://ritc.rotman.utoronto.ca/schedule.asp Hope to see old and new teams competing against each other. I'm going to use this as update as the contest draws near. Sept 23...
  62. Andy Nguyen

    Georgia Tech to offer an online Computer Science master degree

    The degree will cost $6,600 compared to $45,000 for traditional on-campus degree. It will be offered via Udacity in January. The school hopes to attract 10,000 paying students annually. Master’s Degree Is New Frontier of Study Online [NYT] JPMorgan is under investigation for its hiring in China...
  63. Andy Nguyen

    Goldman Sachs vs Ex-programmer

    The story of Sergey Aleynikov as told by Michael Lewis, a legendary story teller. A month after ace programmer Sergey Aleynikov left Goldman Sachs, he was arrested. Exactly what he’d done neither the F.B.I., which interrogated him, nor the jury, which convicted him a year later, seemed to...
  64. Andy Nguyen

    Foreign Students to Face New Checks at U.S. Borders

    Aside from standard verification of their travel documents, arriving students now will also be checked through a database known as the Student and Exchange Visitor Information System, officials said. The system contains information on schools with foreign students and on the students’ enrollment...
  65. Andy Nguyen

    [Apr 6, 2013] Fintech Hackathon (Alley NYC)

    http://www.fintechhack.com/about Overview The goal of the FinTech Hackathon is to promote the development of financial technology for institutional customers and consumers. The Hackathon brings together FinTech developers and designers to develop financial products and discover new...
  66. Andy Nguyen

    CMU MSCF CMU MSCF 2012 Employment report

    51 of 62 (82%) MSCF students graduating in December 2012 have accepted offers as of March 7, 2013. 11 students have either received no offers or have not yet accepted an offer received. Average reported base salary: $87,490 Average reported signing bonus: $19,471 About 26/51 of those jobs are in...
  67. Andy Nguyen

    MYO Armband to Bring Gesture and Muscle-Recognition Control to your computer

    Thalmic Labs has announced a $149 armband called MYO that detects motion and muscle movements to allow control of a Mac, PC, or other device using gestures. Cool enough to pre-order? https://getmyo.com/
  68. Andy Nguyen

    House of Cards

    Has anyone seen this Netflix series that features Kevin Spacey? I don't normally watch long these types of TV series but checked it out and ended up watching through all the episodes in two seatings. Can't wait for season 2.
  69. Andy Nguyen

    2013 Rotman International Trading Competition Result

    The 2013 competition was attended by many top MFE programs from over 40 universities worldwide. The top 5 teams this year are 1. Laval University (Quebec) 2. Chulalongkorn University (Thailand) 3. Baruch College (Financial Engineering) 3. Univertisty of Toronto 5. BI Norwegian Business School...
  70. Andy Nguyen

    Building Financial Risk Management Applications with C++

    A friend of mine just mentioned that this is a new book by Robert Brooks who is a professor in University of Alabama's MSF program. I have not read it yet so if anyone who already checked it out, let me know if this is a useful book or not...
  71. Andy Nguyen

    More greencard visa for engineering and science students

    Received this via email For foreigners on student visas, an important reason to be obtaining one's degree with a field designated as "Mathematics", "Engineering", etc., for whom this legislation has been drafted, rather than getting a degree in "Economics" or "Finance", which may not benefit...
  72. Andy Nguyen

    QuantNet Best-selling Quant Books of 2012

    A Primer for the Mathematics of Financial Engineering, 2nd Ed - Dan Stefanica Solutions, Primer For The Mathematics Of Financial Engineering, 2nd Ed - Dan Stefanica Quant Job Interview Questions And Answers– Mark Joshi Fifty Challenging Problems in Probability with Solutions – Frederick...
  73. Andy Nguyen

    NYU MSMF 2012 Employment for NYU Math Finance program

    As of 12/18/2012, there are 11 full-time students from the Dec'12 group still looking for permanent/full-time jobs. The class size for 2012 full-time class is 31 so presumably, the other 20 students already got a job or not looking for one. By comparison, in previous years, most students would...
  74. Andy Nguyen

    Banned on Wall Street: Facebook, Twitter, Gmail

    For young Wall Street employees who live their lives through social media, working at a big bank can feel as if the plug has been pulled. Most financial firms ban Facebook, Twitter and Gmail, and block most music and video streaming sites. Working on Wall Street is “a full life commitment, and...
  75. Andy Nguyen

    Columbia MAFN Changes at Columbia MAFN program

    Mikhail Smirnov is no longer director of the program. Lars Tyge Nielsen is the new director. The application deadline is now April 15 instead of May 31 previously.
  76. Andy Nguyen

    Ergonomic chairs

    Given that the majority of members here will spend most of their working life sitting in front of a computer, a bad chair will have huge and lasting impact on your health and back. A good one would make big difference. I'm on the market for a new chair and like to see what other good ones that...
  77. Andy Nguyen

    Oversubscribed MIT MBA offered 20K to defer

    So we see the same thing happens again. Last year, the MFin program offered 8K to students who defer a year. This year, the MBA program offered 15K, and then raised to 20K for students who defer to next year. http://online.wsj.com/article/SB10000872396390444083304578018610327120942.html Sloan...
  78. Andy Nguyen

    C++ Certificate Enrollment is now open

    The enrollment for the 16-week C++ Programming for Financial Engineering online certificate is now ongoing. To enroll immediately, please following these simple steps Sign up or Log in to our website Click here to pay tuition You will then be automatically enrolled and one of our TAs will...
  79. Andy Nguyen

    How To Stay Relevant in a Finance Career?

    NYT has an interesting article on how workers in many industries have to keep training to stay relevant given how rapid technology development has really changed everything. How would finance professionals stay relevant? What online resources, training would help them learn the latest...
  80. Andy Nguyen

    Columbia FE course on Coursera

    After University of Washington offered their Intro to Computational Finance on Coursera, Columbia is the second major university that offers a course in financial engineering on this platform. https://www.coursera.org/course/fe Financial Engineering and Risk Management Martin Haugh and...
  81. Andy Nguyen

    Quant: A Dangerous Word Frequently Misused and Misunderstood

    Aaron Brown has a fascinating article on the usage of the word "quant". After reading this, you may have second thought about wanting to be called a "quant". Why It Matters Nevertheless, it is possible to prune away some incorrect senses, which come mainly from false etymologies, and to...
  82. Andy Nguyen

    London firing as New York hiring

    Financial firms in London, besieged by Europe’s sovereign-debt crisis, probably will shrink their workforce this year, snapping a hiring rebound from 2008’s credit crisis as New York’s industry ekes out job growth. Banks, insurers and other financial-services firms may eliminate about 3,000...
  83. Andy Nguyen

    High school math competition as competitive sport

    The exploding popularity of high school math teams coincides with the emergence of the digital economy, one that at its core is powered by mathematics. In contrast to the oil, shipping and retail magnates of generations past, many of today’s wealthiest and most powerful executives built their...
  84. Andy Nguyen

    For Wall Street Bankers, the Thrill Is Gone

    A recent BusinessWeek article claims that given the new reality on Wall Street that requires more rules and less risk-taking, the thrill of a job in finance is gone. The article interviews many who claimed thrill is what draw them to Wall Street in the first place. Risk is what drew George and...
  85. Andy Nguyen

    How Wall Street Got Addicted to Light-Speed Trading

    Wired reporter Jerry Adler wrote a very well researched article on Wall Street high speed trading. It was originally scheduled for Wired's September issue but published in advance due to the 440M trading loss at Knight Capital Group. The author provides very interesting takes on the quants...
  86. Andy Nguyen

    Please add some color to your application

    A picture is worth a thousand words.
  87. Andy Nguyen

    MIT MFin MIT MFin new website

    Just saw that they redid their program's website and put a lot more information on it. http://mitsloan.mit.edu/mfin/ I also see that a lot of students profiled on the website are members on Quantnet ;)
  88. Andy Nguyen

    NYC bank looking to hire junior MFE/undegrads with solid C++ and Python skills

    A bank in NYC who is looking to hire at least 12 strategists (aka quants at some banks) by year end. Ideal candidates would be financial engineers with strong coding backgrounds – undergrad degrees in computer science / engineering or EE with no more than 5 years of experience. This client...
  89. Andy Nguyen

    The Dodd-Frank Act: a cheat sheet

    The Dodd-Frank Act implements changes that, among other things, affect the oversight and supervision of financial institutions, provide for a new resolution procedure for large financial companies, create a new agency responsible for implementing and enforcing compliance with consumer financial...
  90. Andy Nguyen

    Ask Ellen - Job Hunting and Career Development Advice

    Questions about job-hunting, your career path, workplace issues, interview and review preparation, salary and benefits negotiation? Ask Ellen Reeves, one of the contributors to QuantNet 2012-2013 International Guide to Programs in Financial Engineering. Career and workplace advisor Ellen Gordon...
  91. Andy Nguyen

    Our best traders spend a lot of their time pounding away writing code

    A recent NYT article sheds light on how the trading landscape has been changing on Wall Street, due to technological advances as well as regulatory reforms such as the Dodd-Frank financial legislation. The article makes clear that technology has been and will play a HUGE part in the industry as...
  92. Andy Nguyen

    From a Goldman Sachs Quant interview

    You have 10 mice and 1000 bottles of wine. You also have 24 hours before a party, and one of the bottles has been tainted with a slow acting poison, which takes 24 hours to kill a mouse. In the 24 hours you have remaining, how many bottles can you guarantee safe for human consumption (assume...
  93. Andy Nguyen

    [Aug 11, 2012] QuantNet NYC August Meetup (new york)

    You are invited to join us for drinks, casual chats and networking this Saturday at 5PM. Library Lounge at Gild Hall http://www.nyctourist.com/libertine-bar-new-york Nearest Transit: Fulton St-Broadway-Nassau (2, 3, 4, 5, A, C, J, M, Z), Rector St-Trinity Pl (R, W)
  94. Andy Nguyen

    Why bankers quit?

    NYMag ran an article recently using survey result from 74 current/former finance workers. The result is this infographic.
  95. Andy Nguyen

    Kepos' quiet touch wins favor among quant funds

    After running Goldman's quantitative investment business for nearly a decade when the Global Alpha fund rose an average 12 percent every year, Carhart attracted lots of attention when he struck out on his own. But the money did not flood in, making for a tough start as Carhart and his team of...
  96. Andy Nguyen

    The new Retina MacBook Pro

    Who is going to get one soon? Base or top model?
  97. Andy Nguyen

    LinkedIn was breached. Change your password immediately

    http://bits.blogs.nytimes.com/2012/06/06/linkedin-was-breached-now-what/ Change your password. Use a password manager program. I'm shopping for one.
  98. Andy Nguyen

    UCLA MFE UCLA MFE 2011 Employment Stats

    Full-time Employment 3 months after graduation: 80% 5 months after graduation: 92% Number of MFE Students: 32 Number seeking full-time jobs: 26 Number of full-time placements: 24 Salary Data Base Salary US Citizen/Permanent Resident Average: 96,000 Median: 100,000...
  99. Andy Nguyen

    C++ course June enrollment

    Enrollment for C++ Programming for Financial Engineering online course is now open. To enroll, please following these simple steps Sign up or Log in to our website Go to your Account and click on the Purchase link Once the tuition payment is completed, you will be redirected back to our...
  100. Andy Nguyen

    Lodestone: Open Source backed by Deutsche Bank

    Looks like more and more banks are joining the open source movement to streamline and lower their IT cost http://lodestonefoundation.wordpress.com/ http://etrading.wordpress.com/2012/05/23/lodestone/
  101. Andy Nguyen

    Goldman Sachs open source projects on Github

    https://github.com/goldmansachs
  102. Andy Nguyen

    Risk Manager fired for doing the right thing

    Being a compliance officer just got a little riskier, at least for those who work in the heart of America's financial center. New York's highest court recently threw out a suit by a hedge fund compliance officer, Joseph Sullivan, who claimed he was fired for complaining to his boss about alleged...
  103. Andy Nguyen

    MFE Programs career service info

    If you need information on career services (not placement stats), which 4 programs would you most want to know about. The info would be about what resources, services they provide to current students to help with internship, job placement. Please vote.
  104. Andy Nguyen

    Things you only see in New York City

    http://www.buzzfeed.com/mjs538/things-youll-only-see-in-new-york You may also want to check this out http://www.buzzfeed.com/mjs538/things-youll-see-only-in-china
  105. Andy Nguyen

    Finance career in China for oversea professionals

    The professor also points out that the biggest challenge for Shanghai now is not the lack of financial wizards in specific fields, but rather talented people with strategically innovative thinking and professional experience, who could help the government plan and design the financial system...
  106. Andy Nguyen

    Unpaid internship grows

    Would you consider unpaid internships just for the sake of doing something during the summer? The article below indicates a growing number of graduates even from Ivy schools is doing just that. Confronting the worst job market in decades, many college graduates who expected to land paid jobs...
  107. Andy Nguyen

    Harvard and MIT to Offer Free Online Courses

    Harvard University and the Massachusetts Institute of Technology on Wednesday announced a new nonprofit partnership, known as edX, to offer free online courses from both universities. Harvard and M.I.T. are not the only elite universities planning to offer a wide array of massively open online...
  108. Andy Nguyen

    Money, Power and Wall Street

    Excellent PBS Frontline series: Money, Power and Wall Street.
  109. Andy Nguyen

    Stop Working More Than 40 Hours a Week

    According to this article, the sweet spot is 40h/week. Anything more than that may turn into negative productivity. What do you think? http://www.inc.com/geoffrey-james/stop-working-more-than-40-hours-a-week.html
  110. Andy Nguyen

    NYU MSMF NYU Math Finance hires new program administrator

    Received this announcement from the program. ___________________________________________________________ Michelle Shin has joined the Courant Institute as the new Program Administrator for the Mathematics in Finance program. Prior to coming to NYU, she worked as an Employer Relations...
  111. Andy Nguyen

    Cooper Union will charge tuition for graduate students

    Cooper Union will maintain — at least for now — its century-old tradition of free undergraduate education, but the school will begin charging graduate students next year, and will expand graduate and other programs to generate more income, its president said Tuesday. Cooper Union has about...
  112. Andy Nguyen

    Chinese Applicants Flood U.S. Graduate Schools

    Pretty interesting trend on the changing demographic among graduate applicants More than ever, Chinese students have their sights set on U.S. graduate schools. Application volume from that country rose 18% for U.S. master's and doctoral programs starting this fall, according to a new report...
  113. Andy Nguyen

    Skilled-Worker Visas See a Surge in Demand

    Looks like the H1B visa quota will be filled very quickly this year. A good sign for the economy and not too good for H1B visa applicants? http://online.wsj.com/article_email/SB10001424052702303772904577333693806679420-lMyQjAxMTAyMDAwOTEwNDkyWj.html?mod=wsj_share_email_bot The U.S...
  114. Andy Nguyen

    C++ Online Programming Cert Testimonials

    The following are some recent testimonials by students who completed the "C++ Programming for Financial Engineering" online course. Many of our graduates are active on this forum and ready for the next step on their career (joining MFE programs). If you have questions, ask here and they are more...
  115. Andy Nguyen

    MIT MFin MIT MFin grad looking for job in CNNMoney video

    CNNMoney is doing a March segment on the difficulty of finding jobs in the current climate. In the first video, around 1:22 mark, a student from MIT MFin who graduated last June comments on how difficult it is to find jobs or internship and she needs to find it as soon as possible before her...
  116. Andy Nguyen

    The Man who Broke Atlantic City

    A fascinating read http://www.theatlantic.com/magazine/archive/2012/04/the-man-who-broke-atlantic-city/8900/
  117. Andy Nguyen

    Yahoo Fantasy Finance

    Build your portfolio with $100K fantasy cash for a chance to compete with the best and win $50K in real money. http://finance.yahoo.com/fantasy-finance
  118. Andy Nguyen

    Why I Am Leaving Goldman Sachs

    Greg Smith is resigning today as a Goldman Sachs executive director and head of the firm’s United States equity derivatives business in Europe, the Middle East and Africa. The way he resigned from Goldman Sachs, and what he had to say, could reignite a debate over how much Wall Street has...
  119. Andy Nguyen

    Quantnet MFE Guide

    Hi guys, We are working on a guide that will be released later this year to our members. We want this to be as useful to as many of our members as possible. There are many people contributing to this guide and it will contain lot of info that are relevant such as detailed placement/admission...
  120. Andy Nguyen

    The New iPad

    Would you buy it? Retina display Quad-core CPU 4G speed Starting at $499 (same as iPad 2) Comparison between iPad 2 and new iPad http://www.engadget.com/2012/03/07/new-ipad-vs-ipad-2/ http://www.engadget.com/2012/03/07/apple-new-ipad-hands-on/
  121. Andy Nguyen

    The Life of the Number-Crunching Analyst

    Pretty interesting infographic about the life of IB analyst (people who work in investment banking after undergrad). Hopefully, it removes some of the imaginary allure about what it is to work in finance. http://www.freakonomics.com/2012/02/29/the-life-of-the-number-crunching-analyst/
  122. Andy Nguyen

    Aaron Brown awarded 2011 GARP Risk Manager of the Year

    Congratulations to Aaron Brown, who contributed many great articles on QuantNet. This award is very well-deserved and a recognition of his contribution in the field by peers. The Risk Manager of the Year Award was established in 1997 by the Association to recognize the outstanding...
  123. Andy Nguyen

    UCB MFE student found dead in his home

    My condolences to his family and loved ones. http://www.dailycal.org/2012/02/29/uc-berkeley-graduate-student-arthur-qi-dies-at-30/
  124. Andy Nguyen

    Google Glasses

    This sounds really cool. I totally can see many people walking around Soho in these Oakley Thumps nodding their heads to check their email/messages. http://bits.blogs.nytimes.com/2012/02/21/google-to-sell-terminator-style-glasses-by-years-end/?hpw
  125. Andy Nguyen

    The Age of Big Data - need for data analysts

    GOOD with numbers? Fascinated by data? The sound you hear is opportunity knocking. Mo Zhou was snapped up by I.B.M. last summer, as a freshly minted Yale M.B.A., to join the technology company’s fast-growing ranks of data consultants. They help businesses make sense of an explosion of data —...
  126. Andy Nguyen

    Gaming College Ranking

    An admission director at Claremont McKenna recently got fired for fudging the numbers it submitted to US News College Ranking. I find this interesting read http://www.nytimes.com/2012/02/01/education/gaming-the-college-rankings.html
  127. Andy Nguyen

    Barclays: 107,000 applications for 1,500 positions last year

    Barclays CEO in an interview with Bloomberg mentioned that last year, they receive 107,000 applications from university students for 1,050 positions in its bank. That will give our readers a sense of how competitive it is to get internship/job. It is not enough to submit your resume online and...
  128. Andy Nguyen

    UCLA MFE UCLA MFE to offer merit-based scholarships in 2013

    The UCLA MFE program just announced on their Facebook that all applicants who apply to join the program in 2013, they will be considered for merit-based scholarships. Merit Scholarships: Merit scholarships of varied amounts are awarded to students based on the overall strength of their...
  129. Andy Nguyen

    Programmer charged with stealing $10M code from Fed bank

    A contract programmer who worked at the Fed, Bo Zhang, was charged with illegally copying software to an external hard drive, according to the complaint. The authorities said the software, owned by the Treasury Department, cost about $9.5 million to develop. It was not immediately clear if Mr...
  130. Andy Nguyen

    MIT MFin 2011 MIT MFin Placement Report

    You get it as soon as we get it.
  131. Andy Nguyen

    Online math courses for MFE applicants

    I keep seeing inquiries from MFE applicants trying to meet the admission requirement by taking online courses. So I'm just trying to see which math courses are most in demand. I have seen mentions of Probability, PDE, ODE, etc.
  132. Andy Nguyen

    MIT MFin MIT MFin extends admission deadline and adds partial tuition fellowships

    MIT Sloan School of Management announced two changes to its Master of Finance (M.Fin.) program: a third round of admission with an application deadline of March 15, 2012, and the availability of partial tuition fellowships for a select group of highly qualified candidates. In last year’s...
  133. Andy Nguyen

    Robert Engle Selected as 2011 IAFE Financial Engineer of the Year

    About Robert Engle Professor Engle is an expert in time series analysis with a long-standing interest in the analysis of financial markets. His ARCH model and its generalizations have become indispensable tools not only for researchers, but also for analysts of financial markets, who use them...
  134. Andy Nguyen

    Vol-arb internship opportunity for senior/MFE student

    A contact of mine is looking for someone who is either a senior college or first year MFE student for a paid learning opportunity for a one to one half year duration. The person must be in NYC area. This could be a perfect way to leverage your technical skills to gain relevant experience. If...
  135. Andy Nguyen

    Columbia Financial Engineering Practitioners Seminar

    Aaron Brown emailed me this event with a note that "I think it’s a great opportunity for quants who don’t get a lot of exposure to trading, or to only one kind of trading. These guys are all successful traders and good communicators (a rare combination), and except for me, they’re people who...
  136. Andy Nguyen

    QuantNet Best-Selling Quant Books of 2011

    A Primer for the Mathematics of Financial Engineering, 2nd Ed - Dan Stefanica Fifty Challenging Problems in Probability with Solutions – Frederick Mosteller Solutions, Primer For The Mathematics Of Financial Engineering, 2nd Ed - Dan Stefanica Quant Job Interview Questions And Answers– Mark...
  137. Andy Nguyen

    QuantNet’s Best-Selling Books of 2011

    A Primer For The Mathematics Of Financial Engineering, Second Edition Fifty Challenging Problems in Probability with Solutions (Dover Books on Mathematics) Solutions Manual - A Primer For The Mathematics Of Financial Engineering, Second Edition Quant Job Interview Questions And Answers My Life...
  138. Andy Nguyen

    2012 Resolution: Start Coding Again

    Came across this post from Fred Wilson's blog. When you see business people such as Fred Wilson starts to get back to coding himself, you know you are not going to find a job if you don't know how to code. Code Academy makes it very easy to commit so there is no excuse now. Give them your...
  139. Andy Nguyen

    JP Morgan supercomputer offers risk analysis in near real-time

    JP Morgan is now able to run risk analysis and price its global credit portfolio in near real-time after implementing application-led, High Performance Computing (HPC) capabilities developed by Maxeler Technologies. JP Morgan uses mainly C++ for its pure analytical models and Python programming...
  140. Andy Nguyen

    Out of Harvard/Yale/Princeton, into Finance

    A breakdown by NYT on the percentage of graduates of those three Ivy universities who go to a career in finance for the past several years. http://economix.blogs.nytimes.com/2011/12/21/out-of-harvard-and-into-finance/
  141. Andy Nguyen

    MIT expands online courses, offering Certificates

    While students at the Massachusetts Institute of Technology pay thousands of dollars for courses, the university will announce a new program on Monday allowing anyone anywhere to take M.I.T. courses online free of charge — and for the first time earn official certificates for demonstrating...
  142. Andy Nguyen

    Mass job losses at RBS

    http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8964715/RBS-overhaul-to-see-mass-job-losses.html Thousands of staff in Royal Bank of Scotland’s investment banking arm are likely to lose their jobs as a result of a radical overhaul of the business.
  143. Andy Nguyen

    Risk Officer Lacks Authority at MF Global

    Earlier this year, MF Global replaced its chief risk officer, Michael Roseman, after he repeatedly clashed with Mr. Corzine over the firm’s purchase of European sovereign debt. The new risk officer, Michael Stockman, took over the position in early 2011 with one major difference: unlike his...
  144. Andy Nguyen

    Columbia MFE 2012 Columbia MFE admission thread

    It's that time of year again where applicants frantically finish up their application to beat the Dec 15th deadline (don't they just wait till last minute). So let's gather all applicants to Columbia MFE program for 2012 here and share stories and wait for the results. It's going to be as much...
  145. Andy Nguyen

    James Simons donates $150M to Stony Brook

    James Simons, chairman of the famous quant hedge fund Ren Tech and a former chairman of math dept at Stony Brook, gave the university biggest donation in its history. http://www.nytimes.com/2011/12/14/nyregion/stony-brook-university-given-150-million.html
  146. Andy Nguyen

    Cython - Best Programming language Ever

    If you never heard of Cython, the author of this article claims it's the best programming language in the world. What is Cython? Well Cython is Python. It will accept any Python code , even Python 3 , subject to some limitation because it is an ongoing project . However Cython is more than...
  147. Andy Nguyen

    A view on Transition from Academia to Finance

    An article by Catherine O’Neil on AMS. Catherine O’Neil was a quantitative analyst for the D. E. Shaw group from 2007-2009. Source
  148. Andy Nguyen

    Suggestions for Foreign MFE Students Needing to Improve Their English-Speaking Skills

    The title is a slight change to an article here but it's pretty spot on. Career coach Connie Thanasoulis-Cerrachio, co-founder of Career Coaching firm SixFigureStart, notes that these days, she is encountering more and more Chinese and Korean students while working one on one with MBA students...
  149. Andy Nguyen

    Facebook to open engineering hub in NYC

    Facebook announced on Friday that it planned to open an engineering office in New York City in early 2012, establishing the company’s first such outpost beyond the West Coast. “We want the next Facebook to start here,” Mr. Bloomberg said. High-tech jobs in the city have grown by more than a...
  150. Andy Nguyen

    Great Green Card news for people from China, India

    I thought this is great news for members here who hail from these two countries http://www.nytimes.com/2011/11/30/us/green-card-backlog-may-ease-for-some-from-china-and-india.html
  151. Andy Nguyen

    NAG Quant Event in NYC on Dec 7th

    My contact at NAG just sent over the details on this event which is FREE to any financial engineering students as well as practitioners, academic. Food and drinks are available. This event is hosted at 7City's location in 55 Broad Street, right next door to Cornell FE classroom...
  152. Andy Nguyen

    Engineering Majors Study the Hardest, Business students the least

    Does this surprise you? Do you experience the same thing? Business majors spend less time on course work than other college students, but they devote more hours to nonschool duties, like earning money and caring for family members. In contrast, engineering students spend the most time studying...
  153. Andy Nguyen

    Berkeley Reveals Plan for Academic Center in China

    The University of California, Berkeley announced this week that it plans to open a large research and teaching facility here as part of a broader plan to bolster its presence in China. The public university, which is struggling under budget constraints imposed by the state of California, said...
  154. Andy Nguyen

    Black Friday wishlist

    Anyone has any items on their shopping cart marked for this Black Friday or the days after? I'm hunting for deals on a new laptop to replace my Thinkpad T60.
  155. Andy Nguyen

    Non-finance jobs for MFE graduates

    This was asked more than a few times on Quantnet but there was not a definite answer. Here is an attempt to collect all the alternative career choices for MFE graduates in non-financial companies. http://www.linkedin.com/jobs?viewJob=&jobId=2093999&trk=rj_em&ut=1uZijUMrwZTAY1 Quantitative...
  156. Andy Nguyen

    Taleb Nassim: Eliminate banker bonus

    Taleb, known for creating controversial among the finance audience, has a opinion piece on NYT where he calls for an end to bonus in finance. What is your opinion? It’s time for a fundamental reform: Any person who works for a company that, regardless of its current financial health, would...
  157. Andy Nguyen

    Why Science Majors Change Their Minds

    It's so damn hard. It's the conclusion from an NYT article today on why many science (STEM) major students drop out, at least for the US colleges. http://www.nytimes.com/2011/11/06/education/edlife/why-science-majors-change-their-mind-its-just-so-darn-hard.html?_r=1&hpw=&pagewanted=all
  158. Andy Nguyen

    Open Source Wall Street

    NYSE Technologies is the IT division of NYSE Euronext, the company that operates the New York Stock Exchange and various other exchanges across the globe. In essence, it provides tech services to the financial outfits that use these exchanges — investment banks and hedge funds and other trading...
  159. Andy Nguyen

    "C++11 feels like a new language” – Bjarne Stroustrup

    The C++11 standard offers many useful new features. This page focuses specifically and only on those features that make C++11 really feel like a new language compared to C++98, because: They change the styles and idioms you’ll use when writing C++ code, often including the way you’ll design C++...
  160. Andy Nguyen

    Madison Ave is next hiring ground for aspiring quants

    If you are a long time member on Quantnet, you would notice that some of our members have moved to advertising companies from finance industry. I mentioned it before http://www.quantnet.com/forum/threads/from-trader-to-tech-executive.7049/ IlyaKEightSix mentioned that he interviewed with ads...
  161. Andy Nguyen

    Andrew Lo 's "Warning: Physics Envy May be Hazardous to Your Wealth"

    This is an old video by Prof. Lo which he also gave at the 2010 IAFE Annual conference. I was planning to post the video but couldn't until I can find out how to embed the MIT video code into Quantnet The PDF file here http://web.mit.edu/alo/www/Papers/physics8.pdf Related video The...
  162. Andy Nguyen

    Freely Available Software for Linear Algebra

    The following list is last updated 9/2011. It is useful for those taking Linear Algebra and looking for software for various reasons. http://www.netlib.org/utk/people/JackDongarra/la-sw.html
  163. Andy Nguyen

    Advanced C++ Course Grading Policy

    The following is the grade distribution and policy for the course. Each level will have a grading weight assigned to it. Each individual HW assignment will be scored on a 0-100 scale. The score for each level is calculated based on the average score of all assignments in that level. Quizzes are...
  164. Andy Nguyen

    Can't get into top Indian College? Go to Ivies

    Moulshri Mohan was an excellent student at one of the top private high schools in New Delhi. When she applied to colleges, she received scholarship offers of $20,000 from Dartmouth and $15,000 from Smith. Her pile of acceptance letters would have made any ambitious teenager smile: Cornell, Bryn...
  165. Andy Nguyen

    Red-Blooded Risk: The Secret History of Wall Street

    Quantnet received a copy of the book by the author's publisher (Wiley). Aaron Brown is well-known around this part since he has wrote many well-received articles for Quantnet, specially in the area of risk management. Has anyone read his new book? http://www.amazon.com/gp/product/1118043863/...
  166. Andy Nguyen

    Emanuel Derman on BookF**k

    In the video, Emanuel Derman got excited when he received a copy of his new book, Models.Behaving.Badly and crazy things ensued. This is too funny not to post here.
  167. Andy Nguyen

    Five Ways to Improve Quantitative Finance Curricula

    Author and risk manager Aaron Brown of AQR Capital Management wrote an exclusive article for Quantnet where he shares recommendation on how to improve the curricula of existing quant finance programs, not only those focuses on risk management. Would love to hear your thoughts on it...
  168. Andy Nguyen

    New program to help scientists share large data sets

    Looks like people in every field are increasingly facing the huge challenge of working with huge datasets. I hope this project will make the data publicly accessible and free. Behavior finance would be a sector that can use these data...
  169. Andy Nguyen

    List of sample questions for Quant Interviews

    Question #1 (statistics) How do you test whether a data sample is normal or not? (Comment: this tests your knowledge in basic statistics; there are several different methods to test normality.) Question #2 (math) Show that a set is convex if and only if its intersection with any line is convex...
  170. Andy Nguyen

    Dominic to Java developers: Quit NOW

    Java is so hugely important that Oracle and Google are locked in a fight to the death with Oracle claiming more in financial damage than the cost to NY of 9/11 There are more Java developers than citizens of Britain and France put together and more job ads for Java than any other programming...
  171. Andy Nguyen

    How to display C++ code and math beautifully

    Just a note for the members who currently taking our online C++ course but it would be useful for many people as well. Code highlighter Many people are used to your code but you can use your code here and paste the text code from some editor onto Quantnet. Here is how it will look using C++...
  172. Andy Nguyen

    Wall Street's Most Powerful Quants

    Institutional Investor recently published the Tech 50 list of the players in financial tech that could potentially be the most "disruptive" to the industry at large. On that list are many well-known "quants", practitioners. I personally know or met two of them, Dr. Peter Carr at #32 and Shawn...
  173. Andy Nguyen

    Rogue Trader Lost $2B at UBS

    http://dealbook.nytimes.com/2011/09/15/ubs-reports-2-billion-loss-to-rogue-trader/?hp UBS said on Thursday that a rogue trader in its investment bank had lost $2 billion, a fresh blow to the beleaguered Swiss bank. Police in London have arrested an European equities trader, Kweku Adoboli, in...
  174. Andy Nguyen

    FAQ: C++ for Financial Engineering Online Course

    Does the certificate satisfy the programming requirement of MFE programs? The certificate meets the C++ pre-requirement for the Baruch MFE program. Students will be able to include in their application to any program the course syllabus and the C++ projects completed during the course to show...
  175. Andy Nguyen

    FAQ: Advanced C++ and Modern Design Online Course

    What prerequisite knowledge is required/recommended for the course? This course is not recommended for those who do not already have a solid C++ background (either academically or professionally). Intermediate to advanced level knowledge of C++98 is required. This can be either from the C++...
  176. Andy Nguyen

    FAQ: Python Online Course

    Who is this course for? This course is for anyone, with or without previous programming experience, who wants to learn Python. There are three categories of students who can benefit from this course: The aspiring quant or data scientist who needs to become proficient in Python for school or to...
  177. Andy Nguyen

    Special meetup of HPC & GPU Supercomputing Group of New York

    The meeting is tomorrow at 6pm at AOL office. It's free and about 100 people will attend http://www.meetup.com/HPC-GPU-Supercomputing-Group-of-New-York/events/29115551/ 1) "GPU Computing: Past, Present and Future" by David Luebke, head of NVDIA research 2) "Easy, Effective, Efficient: GPU...
  178. Andy Nguyen

    Article on MFE career from Laurie Derechin

    Financial mathematics, engineering and computational finance lead to great careers for analytical and quantitative students, explain LaurieDerechin from the International Association of Financial Engineers. Laurie Derechin is a Member, Program Directors Committee of IAFE and the Executive...
  179. Andy Nguyen

    IBM to buy Algorithmics for $387M

    U.S. IT company IBM is buying Toronto-based risk analytics software firm Algorithmics for $387 million in cash to enhance its financial services capabilities. About 900 Algorithmics employees will join IBM's software group upon closing of the deal. "We see risk analytics as a critical component...
  180. Andy Nguyen

    "Before starting my MFE, I wish I'd...."

    I just got off the phone with a family friend's relative. The guy tried to break into a top MFE programs for the past 3 years. All fails. I had tried to advise him from the onset, but he thought he knew better --particularly about the importance of doing good research. Now he's scraping by with...
  181. Andy Nguyen

    Hurricane Irene

    Just a heads up that NYC will shut down mass transits on Saturday beginning at noon. http://www.nytimes.com/2011/08/27/nyregion/new-york-city-begins-evacuations-before-hurricane.html With Hurricane Irene pushing relentlessly toward the East Coast, officials made plans to shut down New York...
  182. Andy Nguyen

    Myron Scholes predicts 'golden age' for quants

    http://www.risk.net/risk-magazine/news/2103622/myron-scholes-predicts-golden-age-quants Top quant sees bright future for mathematical finance as it tackles problems thrown up by the crisis A top quantitative analyst and economics Nobel laureate says the coming years will be a "golden age" for...
  183. Andy Nguyen

    Anyone NYC member playing tennis?

    If any Quantnet members living in NYC is interested, I can set up some weekend meets so we can all play together. I live near some public parks whose tennis courts are severely underutilized. Most mornings, we are the only ones playing there.
  184. Andy Nguyen

    MBA Programs Helped Trash the Economy

    http://www.bnet.com/blog/business-strategy/b-school-prof-mba-programs-helped-trash-the-economy/ Business schools educate armies of bankers, investors and corporate finance executives. How come they don’t feel responsible for the financial havoc that has ensued? After the dotcom bubble burst in...
  185. Andy Nguyen

    Using Math to Crack the Barcelona Code

    For soccer fans: Math and geometry, with angles and diagonals, must be applied to the game in order to grasp why Barcelona won the Champions League and La Liga while Real Madrid only took home the Copa del Rey. It is something many football coaches occupy themselves with before and after the...
  186. Andy Nguyen

    Jane Street OCaml Open Source

    For those of you interested in functional language, working with OCaml, open source, Jane Street or all of the above. http://ocaml.janestreet.com/?q=node/13
  187. Andy Nguyen

    CMU MSCF CMU MSCF launches Online program

    UPDATED: The online program as well as CMU MSCF part-time program have been eliminated as of January 2016. Carnegie Mellon University (CMU) announces today that it will offer an online version of its Master in Computational Finance (MSCF) program, to be called MSCF ONLINE starting in Fall 2012...
  188. Andy Nguyen

    "Lucky" lottery winner is Stanford University statistics PhD

    First, she won $5.4 million, then a decade later, she won $2 million, then two years later $3 million and finally, in the spring of 2008, she hit a $10 million jackpot. The odds of this has been calculated at one in eighteen septillion and luck like this could only come once every quadrillion...
  189. Andy Nguyen

    Errata for Steve Shreve books Stochastic Calculus

    I contacted Prof. Shreve a few months ago and today he emailed me the latest errata files for both edition of his books http://www.amazon.com/Stochastic-Calculus-Finance-Binomial-Springer/dp/0387249680/ http://www.amazon.com/Stochastic-Calculus-Finance-II-Continuous-Time/dp/144192311X/
  190. Andy Nguyen

    14-10 club at the Royal Institution

    If you keep hearing about 14-10 club recently, it is billed as the science and maths club exclusively for finance professionals Exclusively for finance professionals who have a background in science and mathematics and want to keep their interests alive, the 14-10 club meets on a monthly basis...
  191. Andy Nguyen

    Bitcoin - a new kind of currency

    Has anyone here involved/used this? http://en.wikipedia.org/wiki/Bitcoin
  192. Andy Nguyen

    2011 Advanced Risk Portfolio Management (ARPM) Bootcamp by Attilio Meucci

    Note: Quantnet members qualify for a partner rate ($1,200) Advanced Risk and Portfolio Management Bootcamp August 15–20, 2011, New York - More information: http://symmys.com/arpm-bootcamp - Registration: http://symmys.com/arpm-bootcamp/registration - Contact: arpm.bootcamp@symmys.com Audience...
  193. Andy Nguyen

    MIT MFin MIT MFin student blogs

    It's very nice to see MIT MFin encourages their current students to blog. While it's a powerful marketing tool, it also serves to improve transparency, communication among interested parties. I know many of the students who blog for the 2012 class as well as the 2011 cohort. Some of them are...
  194. Andy Nguyen

    Cornell University Eyes NYC Engineering campus

    Cornell University will draft a proposal to build a science and engineering campus in New York City, the university announced Tuesday. Mayor Michael Bloomberg said Tuesday he would seek final proposals for the project from interested universities by Oct. 28. Cornell then announced it would...
  195. Andy Nguyen

    From Trader to Tech Executive

    Phat Loc is one of the first Quantnet members and knowing him, I'm sure he will do well at the next gig. http://www.businesswire.com/news/home/20110720006780/en/Wall-Street%E2%80%99s-Loss-adMarketplace%E2%80%99s-Gain
  196. Andy Nguyen

    What apps you have on your Android/iPhone?

    Having fun with my new HTC Sensation phone and have installed only a few apps so far (Zipcar, WhatsApp, Swype). What apps (not games) that you use daily to make your life/work more productive?
  197. Andy Nguyen

    Is Master the new Bachelor degree?

    Do you think employers are using Master as the new filter now? Do you think the increasing popularity of Master degree is a reflection of degree inflation, employer demand or else? NYT has a very interesting article today. Follow are some selected quotes
  198. Andy Nguyen

    It's 100°F plus degree in NYC today

    Anyone coming to work earlier and leave later to beat the heat and crowded subway platform?
  199. Andy Nguyen

    Amazon Announces E-Textbook Rentals

    Interesting development in the world of textbook industry. Would you prefer rent a book over buy the paper copy or ebook? Source: http://chronicle.com/blogs/wiredcampus/amazon-announces-digital-textbook-rentals/32336 Amazon has rolled out an e-textbook-rentals program, which could bring more...
  200. Andy Nguyen

    Deutsche Bank's secret agreement with German's Quant Finance lab

    As a textbook example of how not to manage the relationship between private industry and the academy, Deutsche Bank’s agreement with two leading German universities to sponsor their joint institute for applied mathematical research has a lot going for it. Under the terms of the contract signed...
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