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Hi Folks, Anyone has regression tesing experience? Can you share? Thanks. Regards, K

what quants are going to be>> business analyst??

it's helpless!;)

So Quants are helpless and may lose their jobs at Wall St!

Havard MBA costs $150K. Hey, not everyone has the $$ and balls to invest an Ivy League MBA. It's just too costly compare to MFE so people switch gears.

If Derivatives are zero sum games then which bank/s is/are making profits? It seems most financial institutions are losing steam. Does this mean that quant models are incorrect constructed???:smt024

hey, you can invest your own fund and then call yourself trader too.

Not everyone with MBA or MFE makes a lots. It depends on individual. Similarly not everyone with MFE can be a trader. Being a trader you need to be informative and sociable as well - which is more or less mba materials! Being a trader you need to know technical stuff too - so MFE comes along. I...

Happy Birthday, the He MAN of QN. All the best wishes go to you.

He has to sell his books. You are right. C++ takes time to harness. I even thing any FE program that teaches C++ will not get the karate kids to fight.:sos:

Andy, I would like to get your view on C++ and C# apparently related to quant modeling in US. I hope that you can share. You're right, C# is just too easy to convert to VB.net.

Andy, Is there anyone out there using VB.net? Best, K

VB.net Please comment on Vb.net in the QF areas. Thanks.

... see growing demand in Java.

Sub-prime is not so much an issue now. Please do not forget there are other problems in this areas: 1. Mortgage- backed securities..still unknown 2. Principal loan caught up with sub-prime ...soon will get exposed Market will have to shoot down sharply. No one can help.

Dow will go below 10000 level.

SG paid him too little. He hates the bank therefore his plan is to bring SG down to ground zero. Only genius can do that...! I think his trades were small but in mass volume so it was quite difficult to detect. May be...

Please do not think to shot-cut in MFE or financial mathematics program. Calc 1 and Calc 2 are essential to form a strong foundation for future study. CFA is no where near MFE introductory level. Be honest to yourself whether you really know the stuff. Alternatively, I suggest you picking up...

In VSTO 2008, it is not difficult at all. All built in and it is easy to use. All we need to do is to create shared assembly in VSTO and then check the add-in. You can easily share from Excel. There are at least two vendors offer C# QF tools. I couldn't remember the names. I will let you know if...

In terms of Asia's program, I think only three programs that may find you a job in the related areas after graduation are NTU, HKUST, and NUS. UTS may be good too but location is no good. It is not easy for foreigners to get a job in Sydney. Also, their market status quo for quant is Phd. You...

Good on you. Frankly speaking, in China or in any part of Asia....I believe even in other part of the world. Academic excellence does not always guarantee success. In particular, China and Asian region do count on who you know and your relationship management. I believe marketing ourselves is...

I think people from China know that only the top 10% get into Peking and Tsinghua. This is the main reason why they become targeted schools. It does not mean that other graduates can't get a job if they are good enough like yourself. Good luck and I hope you find a job from the street.....to...

Again, she has no finance background. Who cares about quant in this case? She probably makes more than any quant. Relationship does matter. I do like to post a challenge here. Given that the current confidence from the floor that FE and QF models can make millions of dollars from the street...

Errata: "...Mr. Chairman, let's me introduce my colleague Mr. XYZ who has just joined our firm from Stanford University...." "...Mr. Chairman, let's me introduce my colleague Mr. XYZ who has just joined our firm from ABC University...." I used to have Volvo and Range Rover but I love BMW. I...

One more thing, if Baruch has built up the strengths in FE sure all these IBs will hire at Baruch. Meanwhile, I think HR will still pick the Ivy League first. Please do not forget that most businesses feel more confident to deal with someone from Ivy Leagues if they have no ideas about a person...

With due respect to Professor Dan and Baruch, if you are well qualified and the cost of studying at one of Ivy League universities or any Top 10 that perceived by the public in your chosen field is the same as Baruch for the sake of MFE......be honest...will you still choose Baruch if you get...

I like people being nasty. Perhaps you lost touched with your homeland if you are a Chinese or unfortunately you are not from these two Peking or Tsinghua. Please forgive me being rude. I did not say that other universities graduates wouldn't get a job from any investment banks but these two are...

These universities have undergraduate majors in Quantitative Finance: University of Sydney University of New South Wales University of Wollongong University of Technology, Sydney University of Melbourne Queensland University of Technology University of Queensland University of Adelaide...

I may just want to add more information. Banks like Merill Lynch, JP Morgan, Morgan Stanley, Lehman, Bear Stearns and other multinationals only want to hire branded schools graduates in China otherwise these graduates have to be Tsinghua University or Peking University. So, if no connections...

How could you know they get less when they get relocate to Asia? As far as I know HK and SG are paying well too. It is also great to get some experiences from Asia. Like my maths teacher used to tell me, one can't do the maths does not mean other people can't do it. One can't make it in a...

the guide is great though many information seems to obtain through Wilmott.com. it is useful anyway.

Search Quantfinancejobs probably you find the ad for Asian quant jobs. NYC and London are still the hubs because quant things are still new in Asia. HK and SG definitely have the jobs. For one thing, for newbies are better armed with famous schools' MFE. Asian is different from US or UK. If you...

I don't where is your origin. However, if you want to make more money and probably have your own business >> stay in HK. If you want to work in derivatives and being a professional....and have a not so stressful lifestyle >> Singapore. Australia >> market is too small. The market is more for...

Friend, I don't think anyone can answer your questions exactly. I mean, I might be in your same boat before. About 20 years ago, a group of people became so rich through a program called MBA. Hence, many people followed the MBA route and they were hoping to get rich. 20 years later, the cost...

Alas..friend. You know I support your view. My reasoning is that making money can be in any forms. I reckon communication skills are far more important than any other skills in the business world. If business world is the super set, then the rest is sub-set. CAPM is taught in finance and it is...

True. MFE teaches other subjects too. However, the core is to teach derivatives - option pricing. Other subjects like financial econometric and finance is to complement the understanding of the markets. I think we need to define models and strategies. What do you mean models in this...

True. Use the mouth more but you still need some finance knowledge. Please be specific. We assume this is a business deal. Communication and negotiation skills are key factors. I think in any business deal, we need to table accounting information though we can hire accountants. However, a...

This is a mixed signal of how to make money. I want to point out one thing, option pricing is like casino gambling. Each trading strategy set-up by many parties - traders, lawyers, management and quant to model risk factors. I don't think anyone can make money from a model if you get some angels...

If you run through various quant finance or finance forum, you find that people asking the same questions: 1. Which QF program is the best? 2. Can I switch career? 3. Can I get a job after graduation? 4. MBA or MFE or CFA? I think many people like to think "may be" using quant finance route to...

John, please ring HKUST and discuss your issues with Prof. Kwok. I know the program is very quanty and focus strongly on probability and statistics according to one of my friends who did maths there. The program is tough if you have not done mathematic methods before. On the other hand, you...

My friend is a Sigaporean. He was an electrical engineer with Siemens AG in SG. I think ee engineering program teaches DSP and signal system. DSP filtering process and approximation techniques are very applied. These techniques are very useful for FE or Financial Maths. In fact, Ito formula...

Folks, Thank you for knowledge sharing and so on. I would like to take this opportunity to wish everyone has a great Christmas and New Year. I wish you guys happy, healthy, best of luck and making money....from the desk during good time and also bad time. Best. K:)

Peace, please go ahead if you can get into NTU. NUS is more on asset management wherelse NTU focuses on derivatives. I have a friend did it with NTU about 4 years back, he is working in London now. He mentioned that the program is very quanty and great. NUS may give you stronger alumni network...

I wonder......?? >>>>> if the rate is freeze for 5 years, what are the losses imposed buy these financial institution? Who is going to bear the bills? Wall Street, investors or tax payers? Someone has to bite the bullet...then who?

The new US President has to think hard. Well, it is about politics. At least, borrowers will love Bush for the time being.

SQL seems to be simple but it can very complicated when those stuff as Andy mentioned. Another issue comes SQL when we handle large data is cleaning the data. Data integrity is a key to model building. To know it or becoming a super user is different from mastering it. I tested S-Plus...

They miscalculate the borrowers as a general public. When they package these loans...mortgage in particular, they thought economy is positive and inflation is under controlled. So, the default rate must be low, so the CDO deals are great. The problem is implicit inflation rate is high that...

First of all, I repeatedly telling people that giving advice advice to someone is a dangerous task. Please view my comment as a general opinion. You do have to decide. First of all, are you from Hongkong? If you are from Hongkong, you should know HK well enough to decide your choice. Getting...

smart people think they can out smart each other. at the end, their best ideas collapsed....allas now you see this credit crunch things.

Bloomberg Andy, do you have the link? Thanks. Woody, thank you for those information you posted here. Many thanks indeed.

Hello Master of Applied Finance may be able to lead you to the trading floor but not the quant or algorithmic trading. The last two needs heavy maths. Most of all, they love to hire Phd in maths. Middle office is full of business analyst or research analyst. Back office - you may even find...

You must be joking. Quant Analyst, Market Risk ...I mean quant team is from the front office. Back office is for operation and trade processing as far as I know. Are you sure you get the correct information. Anyway CFA is a good qualification.

This My best movie

The above is not my reasons. i also kind of fell into the "trap"...just get addicted to the difficult maths question. frankly speaking, i person think econometric is more relevant to the financial markets in general. of course, derivatives pricing needs financial maths. Yurily: why do you...

Why so many people want to study MFE/ MFM/ MQF nowadays? Reasons: 1. Can make more money? 2. Hoping to be the next Mr. Buffet? He has no financial mathematics? Has he? 3. Can't find a good job, thinking of switching? What is yours?

Friend, I consider myself very blunt sometimes. Fortunately this forum members are nice enought to tolerate me..:) What I like to say here is that you don't even sure or know what you want, how can we help? Secondly, my guess is you want something not so stress but can earn good money. If you...

You want comfort, go for academia life style. No stress. Back Office is not suitable for one who used to work in SAP field. Do you want to be a BOM - banck office man.

DCFC, do you think CQF really worths the $$.

Quant models do not read human minds. Model is dead, human is not...so it is about information flow problems. If the models do not get updated with latest information, it is outdated in my humble opinion (may be quant can tell me). Arrogance may be the cause too. As you know smart people think...

Alain, I agreed with you. It is a battle field but we should have some conscience when we execute something.....! I am sure somebody is going to get hurt. Are you winning?:D

I think it is because of human nature and greed. Correct, if you need to keep the job then you may join the bandwagon even the foreseeable disaster. Again, my question to the floor: Will you be better off when you make millions or billions from the market by instrumenting a financial crisis in...

Based on the last paragraph, my questions are: 1. From the risk management point of view, it is a big risk to structure risk products when these smart people not even know the direction of the trend of their products due to circumstances...! 2. If these risk products are structured by quant...

Thanks Many thanks. All good stuff. The ISO doc. are really useful too.:)

VSTO Joe, thanks again. I think VSTO 2005 SE will do the job. Yes, a VBA wrapper for C# will do the job. I saw a person demonstrated Matlab integrated C#. I have contacted Microsoft and hopefully I can hear some good news soon. I think MS announced earlier that the intention of VSTO is to...

CBOE - Home best place to learn..

.. More precise.."Calling the IMSL C# Numerical Library from Microsoft Excel" Please let me know if you have any recommendation..or articles will do.:)

C# Joe, thanks. What I mean is integrated C# and Excel (not C++, it is C#). Secondly, I want to know how call C# object model from Excel and vice versa.

... Ya..I am confused. I knew those companies. I did a research on crude oil reserves and natural gas..

manual Vladmir, do you mind to share that manual?:)

Folks, Anyone has experience using C# in Excel? I would like to hear from you. Please feel free to discuss. Thanks, K

Manual Christian, what manual do you have? Can you email across if it is related to energy trading? Thanks.

Substitution? When? Natural gas??

agreed One of my econ professor used to tell me that modeling oil price is insane. Stock prices can be viewed from the stochastic movements. It is easier to tackle from the behavioural finance point of view. I agreed with you.

prediction I think anything to deal with people and financial markets are unpredictable.

agreed I think Russia is 6th largest producer of crude oil at this stage (need to look at BP's report again). You're right. I personally think commodities and energy trading are more interesting.

Thank folks. I think they may just offer one or two subjects in commodities or energy trading then the rest may be similar to finance or financial mathematics. I will check it out.

Folks, Anyone can advise on energy and commodities trading? I know that UK Birbeck College does offer commodities program. Please advise if you know any other schools. Many thanks. Best, K

Quant A friend of mine started as a quant but later decided he would like to be a trader. So, he asked for transfer but the bank asked him to join their new graduate program instead. At that time, he earned nearly 90K/yr as a new quant but he was willing to get a pay cut. He joined the trading...

this.. Agreed. However, depending what you trade and which market? If we agree to trade in markets like HK, China (A or B Shares) and Australia, the returns of the past two years would be more than 50% in average based on the share prices. For example, BHP was below $20.00 (ASX) in 2005...

... it will go beyond $100 as USD goes south. please do not forget psychology effects. traders will jet it up and then short it back.

Well said Well said.

Great work. I was shocked and I thought....Halloween's virus..!

agreed This doesn't happen in China, and thus the internal culture of banks is entirely not equipped to manage risk. That doesn't just mean having too much risk, it can also mean being too risk averse, and thus be both risky but at the same time not make much money. The short version is that...

.... In China, it is not an east story. I think for many people changes are easy like an overnight thing if the central government wants to implement it immediately. However, equities distribution is the main thing in China at the moment. It can't just change as we speak. I think those who...

this this is a good article: FDIC: FDIC Banking Review - A Survey of Current and Potential Uses of Market Data by the FDIC China does not have a proper FDIC version that caters for global banking system. Risk insurance is done via Hong Kong banking system. Read this: Peoples Bank of China...

This When we talk about finance, we point our fingers to NY and London. A dream place to be .....but the world is changing. You will find finance and other businesses are slowly integrating with the rest of the world or already integrated. China will lead a big way into financial world. 4 of...

... I am not sure whether this is a criticism or ... I worked in Asia for many years. I worked in China for at least 2 years. I don't think I know China but I have many friends in different industries. This is a beauty of being a SAP consultant. I could learn many industries through...

.... Agreed. On the other hand, they do not want to get conned, too. The China banking system is not ready either. For example, a western joke may not be a joke for Chinese. So, do you play a game which you do not fully understand.

impossible I'm still learning. China is huge. It is impossible to know everything....long term learning. The market is huge. So, psychology plays a vital role in China. For example, Giant which sells health care products in China is a good example. If you can get 10 Chinese people start to...

who you know In the real world, what you know is essential, who you know is important. Making money can be in any form. You don't have to be a quant to make millions. In China, you make money when you know someone very important or you can sell something to the consumer market. I think may be...

China tries to play catch up games in the global financial markets. However, I do no think China is ready for derivatives products in the short-term unless they implement a comprehensive legal framework which covers international financial market. However, the worlds start to show respect to...

Art when one is so good at something and becoming a master of that particular field, he or she can call it an art. FE can an art of modeling the financial world. I would like to think mathematics and statistics not only the scientific way but from an artistic way because modeling real world...

Long tern In the past, there were no QF undergraduate programs. However, you will find more and more universities offer such program. The QF sooner or later will be generalized. We need some good maths and programming backgrounds to succeed in this field, but do we really need extremely high...

SAS I know SAS remote call function using ODBC will work for 50GB but I don't know about S-PLUS. Why don't you call Insightful to find out? I personally like SPlus more than SAS in terms of its statistical analysis function. Both softwares have no problem integrating with Excel.

Anyone experienced Vista Black Screen problem? B*****H*LL, my new laptop just couldn't load Vista after 3 months. No pirated softwares on board...sent back to HP.

Haaa Hey Man, your remarks always have the "BALLS"...=D>

trader Strategies are more important for Trader. If you become trader, you get quants to work on your strategies, you just need to understand the models. Trader and quant is getting blur into one area but MF and MFE will co-exist. I think most people who study MFE have some kind of prides, and...

Columbia is expensive Columbia = expensive. CQF is not cheap either but they give discounts to students. One of my friends went for an interview, he was advised CQF is a good program. If you want to study mathematics, you can always go to any good mathematics school like NYU or even...

7City CQF probably a good option.

Good I think this type of program is more practical than having a Phd in Maths or other fields if your focus is only Finance. It opens the door to many areas. I think they have done a market survey otherwise they will not offer such program. I see the future of MBA will have a major in FE...

Private You need a private security room, an underground tunnel which links to your private jet, a statelite control mobile phone with modem link to your laptop, a swiss bank account so that you can run away without any problem... Oh ya, you need to have a few different passports. By the...

Ranking I don't think I make my statement clear. We know the core skills are stochastic calculus and probability. Of course, there are other skills like C++ programming .....etc. I went to each different programs to review their course contents. Some have fancy name but I am not sure about...

I think it is not about to rank a program. It is about which program that offers the most marketable skills for employment purposes. If we review the current top 10 programs from the Global Derivatives ranking, the design of each program contents is difference. Some can be very mathy, some are...

I plan to pick up Matlab too. Please update us your success with Matlab.

hard Andy, how hard do you mean MFE is really hard? I mean your statement can be scary in view of your strong maths and computing background. :tiphat:

Wellllll Since you are late for two years. By the time you finish your course may be too late for your GOLD RUSH! What about other subjects hot again in two years time....you chase for another qualification so you end up keep studying as a ProFESSional Student. I don't agree that businessmen...

Point (2), (3) and (4) are difficult to get.

Trend I agreed with you. I could recall in the old day people were rushing into SAP field because of the money. At one stage, the demand > supply even a super user can become a SAP consultant. However, the supply and demand will reach an equilibrium level, meaning is market correction by...

SAS Connect SAS Connect is a separate license if could still recall..at least SAS 9.1 needs a separate license. 9.13 or later I don't know.

this I think most people jump into the FE bandwagon now is because of the remuneration package or hoping to become a trader one day...sounds very sexy isn't it? Please forgive my ignorance. Some people do love maths and found this type of job suites them. I came from IT consulting. I got to...

Thank you. These two speeches really touched my heart. What do not get what we wanted, but we can experience what we wanted but we do not get. The brick wall will continues to inspire those who has perseverance to achieve their dreams. Prof. Randy is incredible....

How do you classify a good MFE program? (Note: Please exclude employment factor. I welcome any comment on the quality of the program, such as teaching quality and learning experience) Thank you.

You can make a lot of money without doing a MFE. It depends on your passion. I consider MFE is a very challenging program. Also, I love maths and computing stuff. Money is secondary.

Value Buddy, why would you apply for Baruch MFE if you think the program is over valued? Shouldn't you spend your dollar wisely in another program? I have done a survey in terms of cost of study. I think Baruch is a good buy. If BMW costs 40K in UK, 35K in Australia, or 50k++ at CMU..the...

I would consider SPlus and R are in the same category, except S-Plus needs a commercial license. In addition, S-Plus is more powerful when you add finmetric (a separate module) for financial modeling. I do not have much experience with Matlab. I use Mathematica. SAS is very powerful for...

Heee Not everyone can handle financial maths. If you are good enough, you will get hired. Some famous quants started after 40's.

results I probably add: Outcome/(Location + Cost of Study + Course Contents)

.... Best answer.

Bangkok Yes. Not that far from CPD. The duck noddle at Wireless Road is nice. By the way, all my information were from my friends who worked in the banks. Information is power. Cheers, K

The link is SAS Official Base Programming Courseware in English Keep the main link because the link to the online courseware may change sometimes. Please click on the link. You will see the below: SAS Online Tutorial Click on the link again. They are all in English. Hope you enjoy it...

SAS Andy, click on the link, then you will see the SAS Base Programming courseware. Click on the courseware. They are all in English. Cheers, K

You may be interested this: SAS中æ-c论坛 • 查看主题 - SAS认证考è¯-è¾...导æ-™ç¨‹ I am using SAS...PM me.

Ladies and Gentlemen, I am a postgraduate math student at the moment. I am no where near quant level. I think may be a mistake that I was awarded a Senior Quant Analyst title in this forum. I hope I will be in the near future. I am new to this area. Cheers, K

Ladies and Gentlemen, I am a postgraduate math student at the moment. I am no where near quant level. I think may be a mistake that I was awarded a Senior Quant Analyst title in this forum. I hope I will be in the near future. I am new to this area. Cheers, K

best Personally, I think CS/Math is the best combination for FE. Best.

Thai Christian, By the way, I visit Thailand nearly every year. I love the country, people and cultures. I have many friends in Bangkok and Pichit (near Cheng Mai). I can speak Thai with you if I have a chance to meet you. Pom chop ahan-thai mak, phet koh dee kua! Khun chop...

this Of course, the scale and scope are totally different from US current situation. One thing, I need to point out is that it was the private corporate loan that killed Thailand in 1997. Consumer loans were a fraction. Yes, the Thai Central Bank struggle to keep the baht because currency...

It is inevitable a recession is on the way. If we recalled the 1997 financial crisis, the interest rate is high in Thailand then followed by a devaluation of Thai baht...then crashed! I was working in BKK at that time, I recalled that the bank mortgage rate was so high. Also, The Fed has...

hee My current major did cover stochastic modeling...I will join your bandwagon later into FE.

... i don't know what ben said...but i am old enough to verify my statement...if you have a chance to go through recession in that country and witness changes ...

smart don't get me wrong. i have a friend who has just graduated with a MFE degree in Singapore from a non-math background. i mean these people are smart.:prayer:

.... stats and OR. I am currently pursuing mathematical science.

I think this is economy circles. Even a world champion will lose sometimes. So, a recession may be is good for US. If you check out Korea after recession, they become even stronger than 1997. So, I think it is not a problem for US to rebound faster than the rest. Japan interest rate is so low...

I think best is to have maths background with numerical methods, optimization, analysis, linear algebra, statistics and advanced calculus. Some smart guys can pick up maths easily even they do not have maths background. However, if the course is taught in a compact mode I reckon a good...

said is easier than done. hr managers like to see big name all the time.

Andy, I have a long list of useful financial mathematics and C++ programming books in pdf format. Please let me know if you guys really want it. I can send a copy to Baruch. Cheers, K

Sopcast Sopcast provided free to view soccer, news and so on. I have a HP Tablet TX1003. I upgraded to 2GB RAM. So far, it is almost 24/7. Light weight but the only thing is the battery is still weak. It runs for 3 hors only. I am looking for Raon Everun. It seems to be this baby can run for...

Not a threat China is not a threat. For example China investment in Blackstone could be considered just a FDI. Everyone will do the same if their pocket is full of $$$. We learn how to make our $$ work harder for us instead of keeping it in the bank. I think we are also overlooking Middle East...

I really have to work hard to get in....the best.

China Muting, I do not hope a trade war. However, this is the fact of life. It is government issues. I have some data about China/US long ago. The two countries are tied closely. China will have problems if US has recession,too. China is just Japan or Taiwan 50 years ago...

Passion I think it is about passion that drives the wealth growth.

China I think Baruch Chinese students or Alumni can give a better picture. I went to China many times but I can tell you that China practice and cultures are very different to the rest of the world. You want to know China, please start reading Confucius theory.....their history and evolution...

Yes At that time, I was a bit upset by such comment because it was very discouraging to any student. By the way, I heard that UK Ministry of Finance or Bank of England used to construct a model with 700 independent variables to gauss the movement of FX and interest rates. Not sure how true was...

Smart I will PM you one day this tip. I dont have to worry at the moment. I am not up to this stage....wannabe now.

Link Link: NY Times Story

John Arnold, former Enron energy trader. Worth reading. NY Times Advertisement

HR Wannabe like still need to get through HR, right!

Agreed. If the margin call....or they need the fund or cut losses for another arbitrage opportunities....

Baruch In Baruch case is yes. I mean in general. There are so many MFEs are heading to Wall Street. Ok, Baruch grads are smart anyway!:dance:I really like this banana man.

information can never traveled in a bell shape. Psychology plays!

typo errors rephrase: Impossible to know manZZZ! In terms of stock market, people who have experience will stay put even the index is nose deep. However, inexperience investor will sell all the way through. Again, this is provided one know how to create portfolio insurance to minimize losses...

Impossible Impossible to know manZZZ! In terms of stock market, people who have experience will stay put even the index is nose deep. However, inexperience investor will sell all the way through. Again, this is provided one know how to create portfolio insurance to minimize losses or to gain...

Economics Behavioural finance.... I think we have add psychology in MFE program. Game theory? My Prof. of Economics told me that he couldn't bother so much about modeling because he believed 90% of the models are incorrect.....!:dance:

How come Buddy, I thought you are a quant already?? One thing, I always assume that people who get admitted to a MFE/MQF/MFM program are smart. Again, are there anyone really struggle. Pass with low scores. Do you think finding job will be a problem for someone is not in the 90 percentile in...

wannabe quant wannabe.

Frankly speaking, my initial question was a bit stupid. However, this is the trend in Australia. They only hire Phd as a quant. Masters only start as quant assistant. Like you quant assistant has to help on programming and other ac-hoc duties. I was told that if one can't score above 90% and...

Thanks I find it R and SPlus are quite good. R is free. I used SAS before at university but I don't have the license at home therefore I choose R. Also, R allows interface with C++ which is quite ok. I tested. Cheers, K

Hi Folks, I am hoping some of the quant gurus can advise their data cleaning process....really want to know whether only using SQL to rearrange the data...or using SAS, SPlus, R or do it directly from the database management system. I am using Splus to clean data. Please...

his results are average distinction. I was told by a bank head of quant that he only hires Phds for quant role. Masters only for support role. That's the reason I really want to know where Baruch graduates end up in quant developer areas, strategist or etc....as you say quant has many...

Thanks Thank you.

Hi Folks, Have you read Associate Prof. Mark Joshi's article for quant wannabe? He mentioned that Phd is a must to be a quant. I have a friend recently graduated from a reputation university, majoring in quantitative finance in Australia. He couldn't find a job. The reason is banks and...

Thanks Alain and Steve, Thank you very much for your information. No matter how I will go through the basic C++ programming first. I don't want to fall because I tend to run before I know how to walk properly. Financial mathematics is a long haul flight. Cheers, K

Qs Thanks for the list. Do you think is sensible to learn from the below before knowing C++: C++ Design Patterns and Derivatives Pricing (Hardcover) by Mark S. Joshi Financial Instrument Pricing Using C++ Daniel Duffy Cheers, K

Will Baruch in favour of GRE over GMAT?

End I don't think cutting rate will help much. It is not the end yet. The problems were caused by a few hedge funds. The losses are really unknown to the public and they do not want to disclose...or better don't. I see the Dow will go south again and deeply to the bottom before end of this...

Happy Birthday Friend, happy birthday and all the best. Please do not angry with me....you know I am a B****** sometimes.:dance:

Beer My apology. I will buy everyone a beer if I visit NY one day in the future. My promise.

please Please, no more. Andy will kick my ass soon.:)

Ok Andy, My apology indeed. I think while we are all pursuing our dreams and passions. Again, when the American dream is still alive, we should also respect other professions even we think that we are smart. Thanks, CK

Which book? Which book? I am using C++ Primer Plus. Any good suggestion. Thanks.

Agreed I sparked some nasty comments earlier. My apology but I have to agree with you too. For non-US citizens who want to break into Wall-Street, perhaps a top MBA is a good choice. Again, it is not everyone can handle financial mathematics. This subject takes time to build up the...

Thanks Agreed wholeheartedly. Accounting is not a hard subject. Maths is a hard subject but can learn. Regardless of any background, smart people will stay. Follow our hears, passion is the most important to succeed in long-run. Thank you. You get all my votes. One to Yuriy. Cheers, CK

Yes Yes. I know that the article is lifted from NY Times. The title: Hedge Funds and Private Equity Alter Career Calculus NY Times Advertisement I mean the forum title: Bye bye B-School is disrespect to any B-School.

Thanks Agreed 100%. I get used to C#. Now, I need to switch to C++. Thank you for sharing your thought.

error Error..I mean I am not being nasty. I just read one article from China Ministry Education about Chinese university students majors selection and current trend. I will buy you a beer when I visit New York for holidays.

This My apology to you and Chinese students. By the way, if you talk about respect, please look up to the title: Bye, bye B-School......Do you think this title shows respect to B-School. At least, finger point to Baruch College own business school. I hope you know what I mean but I am being...

I know C++ is difficult to master if we want to write good programming code. I understand some C++ guru is in this forum. I wonder how many incoming students actually know C++ before they begin the MFE program at Baruch. Stupid question: Can someone share his or her experience on tackling the...

relax Relax. I know "Chinese" students will bash me on this statement. Frankly, I intentionally for psychology test purpose. No bad intention. May be we assume that China population is huge and students population is larger than any country. So, when we see many Chinese students in a class, we...

You are right I love you if you are pretty girl but not if you are a man:) You are absolutely right. It is a trade war. See who get plays the backside!

Apology I type your name incorrectly. My apology.

You are the man Yurij, I respect you. You are the man. Passion is all about. By the way, if you have your own hedge fund management then you need to file financial and audit reports. Still need to know a bit!:dance: Cheers, CK

The subject should have been Young Entrepreneurs at Wall Street instead of Bye, bye B-School (Tricky Boy's title)..Ha! If today trend is MBA only for trading or Master of Accounting for Trading, trust me some of you will do these course instead of MFE, in particular if you see China Student...

people skills It's the People Skills! Say Entrepreneurs FOR FURTHER INFORMATION: Helen K. Chang, 650-723-3358, Fax: 650-725-6750 (Stanford Graduate School of Business) February 22, 2003 STANFORD GRADUATE SCHOOL OF BUSINESS — Reading people and blending their skills and personalities into a...

I have a few questions: 1. Why would you choose to study MFE? 2. Do you study MFE to get a job at Wall Street or you have genuine interest in financial maths? 3. Do you expect to make millions or hope to make it after graduation? 4. You are currently working for a hedge fund (says 5 years...

It is not offensive at all. I just feel sicked with this type of article. I don't know what this article tries to sell. It has a lot of marketing implication for something. Please do not forget that education is big business now. Either they try to get people to study MBA/EMBA or do MFE...

dollar US Dollars can't be weak all the time. It has its cycle. I buy US Dollars since Aussie is strong. Use it to trade on US stock markets. if US strengthen, then I make from both sides>> FX and Stock Investment.

Friend, the below abstract indicates that MBA helps to raise funds through networking. If we are smart, we do not need to go through MBA path. Interestingly, I do want to know if these guys have a MFE degree. If they do not have MBA or MFE, that means people like us who struggle to study MFE or...

B-school will stay. Individual will follow their own path. This forum is meant for quant so quant have their views. Go to MBA forum, they have their views. Overall, regardless of your qualifications then you need networking. People power and connections will make you rich. A friend of mine...

Good for me so that I can buy more US dollars to save for my future Baruch tuition fees. The current trade deficit mainly comes from China trade. I think weak dollar is no good. US has to pay more to buy China products. The costs will transfer to consumers. Inflation! Again, weak dollar will...

Haaa Aha, typical tech guy comment..."you are so wrong". EQ?? Please read your earlier comment. Top MBA vs Rich Dad MBA. A rich dad MBA graduates from a top school does not mean they are smart, but I have to respect the US Top Business School selection process. Even they are not smart but they...

I will not look up to CMU profile. I only look up to Baruch profile. If you have passion, and you believe in yourself and the school. I am sure some of you will become a top gun in the future. I am working hard to ensure that I can study at Baruch one day soon. If you believe that you are...

Smart people No need to debate. Smart people with entrepreneurship can run a company. Again, not all financial engineers can pick up management skills. Likewise not all people can pick up maths on the go but we can learn to improve based on individual case. I think most CEOs in the bank have...

rich dad Agreed but you do not need a rich dad to get a top MBA if you are smart. MBA and MFE are two qualifications. To succeed, it depends on individual not the qualification itself. It just helps to open door. Why MFE becomes so popular now? One reason, some people couldn't find a job...

Agreed Man, I am totally agreed with you. Great comment.=D>

this I am not being rude. This absolutely bias. There are so many directors/managing directors/department heads with PhDs.:wall >> Can you show your data to support your claim? What is your population size? Do you consider one that running a grocery shop also can call himself managing...

No Bias I sum up my remarks here since so many of you reply my questions. Firstly, thank you for your information >> Andy. Secondly, I think Financial Engineers will do well in the finance industry but not all industries. Phd drives some companies but not all companies, in particular...

uncertainty is an unpredictable science. i wish i could.

Saturation Andy, What makes you think that MBA is saturated? Some people claimed that financial engineers (regardless of Phd or MFE) are going into mainstream and most of them will hold top management position (e.g. CEO) in the financial industry in the next few years or very soon...

Doubt Statistics provide some ideas how the market reacts in a particular situation - time series. As you mentioned, one cannot predict the market, how can you beat the market? I don't think anyone can beat the market because market is not "A" player. The market is full of players....it is a...

prediction I don't think anyone can predict the market. Big organizations, financial institutions and big time investors are profited from their internal flow of information. Whoever has more information will have more advantages. Mathematical modeling is used to structure option deals but it...