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  1. P

    Part-time jobs @ NYC

    I am not sure about this, but you can work part time outside campus if you're willing not to be paid for it. I think on a volunteer-unpaid basis you can work part time even as an international student. Maybe someone can elaborate on this.
  2. P

    Senate approves restriction on foreign hires by banks receiving bailout

    I think this point should be emphasized more. Compare 65000 H1-B work visas issued per year with the approx 600,000 jobs lost in the month January alone. I think lawmakers have just raked up this issue to make it appear that they are fighting for the American public.
  3. P

    Back to India?

    I am just emphasizing my original point in both these statements, which is that quant skills that an MFE is supposed to impart are not relevant in India because, 1. Firms are not really doing quantitative work like its done in the US. Not even DE Shaw 'SOFTWARE'. They don't seem to be looking...
  4. P

    Back to India?

    Well what I meant was that quant employment and recruitment is not nearly at the same level as in the United States. Quantitative work is not done on that scale and MFE skills have never been in any realistic demand. In fact even in the above link, the entity is DE Shaw SOFTWARE private...
  5. P

    Back to India?

    Indian students(including me) studying here currently would not at all want to consider going back after school, but i guess they might be forced to. A masters student will be spending anywhere between $45K-65K during study. You would want to earn that back. If you work at entry level salaries...
  6. P

    Geek Rap

    Beautiful!
  7. P

    Something I completely do not understand...

    Thanks for your reply. I personally don't really believe that the gov should be doing one thing or the other. I just wanted to know how you all feel about this whole thing and get you to know your views. I come also come from a place (India) where gov controls many things and especially puts...
  8. P

    Something I completely do not understand...

    Sorry I didn't make my point clear. You might be able to but an XX million dollar home and even afford it. But there are many who are simply not earning enough to make mortgage payments even for simple homes, in spite of being paid living wages as bbw pointed out. What do we do about them...
  9. P

    Something I completely do not understand...

    There's something I don't understand as well. Would this whole crisis have happened if the people who borrowed for their homes paid back their mortgages? When somebody takes a loan and doesn't pay back - who is to blame? The lender who did not care much about the risk of default, or the...
  10. P

    Columbia MSOR some truth about the Columbia MSOR

    You are most welcome, and thanks a lot for your words. Its great to have such discussions here. Cheers!!
  11. P

    Do hedge funds or similar require citizenship for job application?

    The 18 month extension applied to math, technology, engineering and science graduates. Since you are clearly one of them, it should not be a problem for you to get an 18 month extension. There is some sort of rule saying that you should be employed in the area you have studied- I don't know how...
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    Columbia MSOR some truth about the Columbia MSOR

    The reason I'm going to grad school is because I want to expand the opportunities available to me. I did a computer engineering bachelor's degree wherein only 20-25 % of the actual syllabus was what I wanted to study and I was very dissatisfied with it.( In India, most of the undergrad programs...
  13. P

    Columbia MSOR some truth about the Columbia MSOR

    Completely agree with you. As I said before, if you aren't really sure that you want to do in quantitative finance, you are one of those people (including me) who just says that they want to work as a quant analyst in a hedge fund/Investment bank and don't know the details that quant finance...
  14. P

    Columbia MSOR some truth about the Columbia MSOR

    Actually 3 if you do the degree in 3 semesters. What I meant was that with the option to take courses in Stats, Economics, etc. you can basically study all finance apart from the core courses. But that won't be quantitative finance, would it? That 22 year old you are talking about is in quant...
  15. P

    Hey dude. I am your classmate at Columbia OR this fall. May I know who you are?

    Hey dude. I am your classmate at Columbia OR this fall. May I know who you are?
  16. P

    Columbia MSOR some truth about the Columbia MSOR

    I am also in the OR program and will be starting this fall. What I personally feel is that if you haven't worked before (let alone worked in finance before), the OR program is a decent choice purely because of the flexibility. It will allow you to explore many areas and specialize in the field...
  17. P

    Future of Mechanical Engineers in MFE

    I can only tell you that you should read up all the threads here. As per my experience on this forum, nobody here is going to answer a question like this, and rightly so. In fact there is a vote being taken on this forum to decide whether such questions should be allowed or not. You'll have to...
  18. P

    Quantitative Interview questions and answers

    Sorry about that. I got your solution but missed the fact that cutting a ring frees three pieces. As you said I wasn't thinking of rings- more like equal blocks of gold connected together so I missed your point. My sincerest apologies once again.
  19. P

    Quantitative Interview questions and answers

    Lets take the case of N=31 which I had described earlier. In the above case with the function of S(x) we have S(0)=1 S(1)=7 S(2)=24 S(3)=64 So for N=31 we get x=3 as per the inequality stated above. So we have 3 single cut, and we will have a subchain of (x+1)=4 rings and we will have a...
  20. P

    Quantitative Interview questions and answers

    This problem is similar to the more general one with coins wherein you are asked to find what minimum no. of coins you will need to be able to pay any amount up to a certain number (assuming you can have coins of any denomination of course). The correct answer (I think) involves the power...
  21. P

    Just took the Briggs Meyers personality test

    Just took the test. I got Introverted 56 Intuitive 75 Thinking 62 Perceiving 33 Ideal career for me seems to be science or computer programming. I am not surprised at all.
  22. P

    CFA Results

    Congratulations Doug!! :dance: If its not too rude to intrude upon your thread (that rhymes!), I wanted to ask you something ( or anyone for that matter who has passed CFA L1) I am currently preparing for it.Not yet registered, will register if I feel confident enough by the sept 15 deadline...
  23. P

    Quantitative Interview questions and answers

    Wow. I can't believe how far of the scale I was. It seems so flagrant. I will keep in mind the idea of testing answers in extreme cases.
  24. P

    Quantitative Interview questions and answers

    I will attempt this one also. Lets see if its correct. The answer I get is n! *[ kC(n%k)] where % is the mod-remainder function. Here's how I got it. Let us always assume n>=k . Let q=(n-n%k)/k [ it is the greatest integer such that q < n/k e.g if n=16,k=3 then q=5 Assuming that each...
  25. P

    Quantitative Interview questions and answers

    I meant expectation of 2 turns(i.e game ending in 2 turns) . I tried to add the expectation of each possible 2,3,4.. turns to get the the expected no. of turns it would take to finish the game.
  26. P

    Quantitative Interview questions and answers

    Alas! my answer is wrong. The probability of not ending the game in two successive turns which I have calculated to be (n-1)/2n is incorrect.
  27. P

    Quantitative Interview questions and answers

    Is the answer (3n+1)/(n+1) ? This will give a limit of 3 as n->infinity. Here's how I got it. 1. The expected value of making it in 2 turns :- there are n*n possible outcomes with 2 turns. If we roll 1 in the first turn then there is 1 chance to end the game on the second...
  28. P

    Average salaries for quants

    I meant that when you are born, you become a citizen of a country without any choice of yours. The citizenship you get later on is of course your own doing and your own decision. And that sort of thing should be encouraged, rather than being inhibited (as was being insinuated in some posts. )
  29. P

    Average salaries for quants

    Nobody really makes a decision to become a citizen of a particular country. You are born into one by your own luck. That is why patriotism, like religion, is an absolutist notion and a dangerous one at that.
  30. P

    Quantitative Interview questions and answers

    The correct answer is you only need 1 weighing. You can take one coin from bag1, two from bag2, three from bag3 and so on, and weigh them. If the final weight is 148oz (instead of 150 oz which would be the case if all bags have gold coins) then we know that bag1 has silver coins. If final...
  31. P

    Quantitative Interview questions and answers

    We could account for case C given below in the following way :- In case C when two points are on the adjacent sides, the minimum distance b/w them can be 0 and the max distance can be sqrt(2)=1.4142. So the chances of selecting a random distance within the range (0,1.4142) such that it is less...
  32. P

    Quantitative Interview questions and answers

    The following is an incorrect attempt. There are in all 10 possibilities to arrange these two points on the sides of the square- A- 4 ways to select them on the same side B- 2 ways to select them on opposite sides C- 4 ways to select them on adjacent sides (Assuming that the two points are...
  33. P

    Financial/stochastic calculus

    Just out of curiosity, are people with just a bachelors degree hired for entry level quant positions? . This is not to say that those with just a bachelors degree know less. But considering quant positions are filled by PhD'd and MFE's do organizations also have entry level positions in quant...
  34. P

    Columbia MSOR some truth about the Columbia MSOR

    The discussions seems to have halted here. Cmon everyone. What do you think about this Columbia MSOR business? Do you think from the knowledge point of view a student studying the courses described below can be considered relatively on par with FE students? I have an admit from there and my...
  35. P

    CMU MSCF Interview with Graduate of Carnegie Mellon University masters computational finance

    No more replies!! Cmon everyone, you must be having some thoughts about this ? There are many who would be pursuing an FE straight after their undergrad and what I've asked about is very relevant to them as well.
  36. P

    Columbia MSOR some truth about the Columbia MSOR

    From whatever I have read, the Columbia MSOR program does allow you to study a lot of FE courses. So from the knowledge point of view you may not miss out on that much. Lets discuss this aspect with a bit more detail I am posting a description of the some of the courses which you can and cannot...
  37. P

    CMU MSCF Interview with Graduate of Carnegie Mellon University masters computational finance

    A great interview. Thanks a lot MLBrandow. I am a bit curious as to how a fresher like me (who will be entering the study immediately after the undergrad degree ) can apply these suggestions. For e.g. starting the networking process at sept 15 would be very difficult - we would only be a couple...
  38. P

    COMPARE MSMF at IIT, Polytechnic NY, or FSU

    Just to add to the current discussion, I also got into the poly and IIT programs, with the 50% tuition waivers from both. I too have not yet come across anyone with a reject from these schools. I have been regularly reading GD and forums and they are full of people with accepts from these...
  39. P

    DISCUSSION on second rated MFE programs

    @MidasCFA, on a second note, I'm really curious to know if anybody has any experience either direct or through some stories of somebody they know about the quality and placement records of the Rutgers MSMF program? anyone? I contacted a few rutgers MSMF students on orkut. This is what one of...
  40. P

    Interview with Dominic Connor

    We were earlier discussing how Indian and Chinese students dominate FE classes. I'd like to present the Indian angle. Someone mentioned earlier how Chinese students are forced to study math. Well the same holds true for India as well. In fact you would be surprised to know that an average...
  41. P

    OPT now for 29 months?

    This - 3 months to find a job otherwise you are out - thing is scary. If someone finds anything more about it please let us know. International students can't afford to spend $50-60K and then not get a chance to make some of it back.
  42. P

    COMPARE Princeton MFIN vs Columbia MSOR

    Well actually in Columbia , you can completely avoid the Supply Chain Management, Network Flows/Network Design, Logistics courses in your OR masters study. The offer a wide range of electives in finance itself which you can take, some of which have been stated as reserved for FE students. But...
  43. P

    COMPARE Princeton MFIN vs Columbia MSOR

    Well actually in Columbia , you can completely avoid the Supply Chain Management, Network Flows/Network Design, Logistics courses in your OR masters study. The offer a wide range of electives in finance itself which you can take, some of which have been stated as reserved for FE students. But...
  44. P

    COMPARE Princeton MFIN vs Columbia MSOR

    Princeton MFIN is definitely the better option. Since the issue of Columbia OR is being discussed here also, I would like to bring up my own situation in if you all don't mind. I also have a Columbia MSOR admit and I would definitely prefer an FE admit from a good school like Princeton...
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    COMPARE Princeton MFIN vs Columbia MSOR

    Princeton MFIN is definitely the better option. Since the issue of Columbia OR is being discussed here also, I would like to bring up my own situation in if you all don't mind. I also have a Columbia MSOR admit and I would definitely prefer an FE admit from a good school like Princeton...
  46. P

    How do I become a quant?

    You hit the nail on the head here, Meg. Roq if you really want to become a quant then you should. I am in a very similar situation as you, except that I am a lot younger. But mentally, I am definitely in the same state as you are-very intrigued and interested by quantitative finance and wanting...
  47. P

    New Quantnet members say hi

    Hi everyone Cheers everyone, I am Prateek from Mumbai,India. I will be applying shortly to Baruch for the masters program beginning fall 2008. Would love to get networking with you all.
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