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Here's an example of why I think within 15-20 years, Financial Engineering will be a concentration within MBA programs rather than a degree unto itself. During my risk management class, the professor talked about how VaR is useless when need most, in a crisis; its main purpose is to give the...

Here's my take: Demand for bespoke derivative products will continue to decline as the demand for transparency from the banks increases along with liquidity demands from investors will reduce demand for MFEs in this area. Hedge funds and some prop trading areas already hire Undergrad Comp Sci...

soham: The big question is : What do you want to do? I-banking, portfolio management or trading, maybe the CFA followed by an MBA (with a summer internship). A quant position - an MFE. I have the CFA, and MBA and MFE, plus 15+ years as a trader/portfolio manager. If you tell me what path...

This is not directed at soham personally, so please don't take offense, but I feel this is as good a time as any to get this off my chest. I have seen, both on this site and among current/recent MFE students and grads, the attitude that the finance aspect of quant finance or an MFE is "no...

An MBA; more are having a quantitative bent and because it is 2 years in length, one or more of the additional electives may be used in stats, comp sci or another area. Plus, having an MBA will be a plus if you look to move into a managerial role.

Andy, I made these and other suggestions from nearly the minute I set foot on campus. Since UIUC was a new program, there were many small things that could be fixed/improved upon without much trouble. The program heads were very interested in our thoughts on how to improve the program. Most...

Andy, I was happy with the education I received, but given my background (15 years in Fixed Income), I was very focused on what my goal was and did not want to take classes that focused on areas I had no interest in. I know I am an outlier from an age/experience standpoint. However, here are a...

I received my MSFE recently; while I learned a great deal, my intent was to focus on algorithmic trading/AI/data mining. Unfortunately, the lack of flexibility in the program did not allow me to focus on this area until the last (third semester). Most programs also appear to just as, if not...