Search results

You have quite valid concerns and I am not in the program so I can't answer them . What i say is based on what i hear from when I meet the students of the program. OR is a diverse field and so are its placements... from facebook to paypal to Goldman to AIG.... and the others that has been...

Going by your logic no one should join any program that's not on QN top 10. Reason it is not there is that it is an Operations research program and not FE program.

If you have not already , please go through https://www.quantnet.com/threads/few-clarifications-regarding-columbia-msor.13169/#post-110059 I don't have any idea about UCLA, but one thing that I know is Columbia MSOR has good reputation and placements plus the Ivy league brand name. I would...

Advait : I am a Columbia student ( though not MSOR), will graduate in May and I am about to join a NY based CTA. I am from India and the students that I talked about having multiple offers are all Indians on F-1 visa. So, I don't think what OP posted holds only for US citizen or green card...

I agree with Ross that its better if you took classes. I know people from OR at Columbia and most of them I meet have already 2-3 internships offer at places like AIG GS etc. Brand name and standard of Columbia is so good in the industry that no one from the university needs to fly half way...

Believe me it happens in NY also... Not everyone in NY reads Quantnet....

Advait Since you are a probable MFE candidate>>Let me ask you a probability question : A school has following admission policy" We do not have fixed number of seats and admit as many we found suitable to our program". What is the probability that every year in past so many years will they admit...

Its not fair to compare Columbia OR to Baruch specially at QN.. Go outside talk to people and don't be surprised if they answer you what is Baruch... I would not think twice selecting columbia out of the two.

after attending an ivy league...why did you even consider baruch...

All bottles numbered using binary digits.Assign each mice to one of the binary flags. 1024 bottles can be tested.

Actually I also sent the same concern to the moderator of that group but he said that it's like Columbia Mafn (joining) 2012 :) ...Definitely on the lines of last year's group ...Columbia University M.A in Mathematical Finance class of 2013 would have been a better option

I though Andy had a different section for advertisements...

https://www.facebook.com/groups/111617908981561/ Join this group if you are gonna join this fall...

Or to be more successful buy high and sell higher.....trying to buy low can kill you :)

It's not a micro phenomenon rather a systemic one... During tough times all good programs have difficulties ...... Also its not the placement per se but the quality of placement that matters.

okay :)

Pending != wait list

jackcoke : If you were to be admitted by all ( SMU NTU NUS and U of C) .... which one would you join?

do you have any info on their career services singapore campus

How would it lead to an increased batch size and also do you have any idea of career services @ SG

I knew it.... It's my favourite restaurant ... Just love the food they serve...:)

You have to be smart enough to decide where to put ur SL... For example while trading SnP futures, irrespective of where you bought ... Always put your sl below 0 :P

I will take a guess ..it's Mainland China :)

'coz joy studies there :P

How come you are so diversified so as to get offers from both Law and Finance courses...

fewkb ...which of the NUS and NTU may be better according to you if a student were to be admitted by both?

4 years relevant fin work.ex to get the regular membership and charter... you can get affiliate membership without work-ex tho

options>> Under the bonnet >>clear browsing data >> cookie

I just realised I will never be able to watch it live as it coincides with my work-timings but recorded lectures are as much fun :)

Appears to be so .... :)

In India there aren't any good quant schools , so even a cqf could land someone a job in finance

Elementary my Dear Watson :) I don't guess... I deduce... Science of deduction :P

Hopefully not to a color of longer wavelength :)

So would you rather be someone who can differentiate between livestock and preferred stock but can't make millions? If some one is trading LIBOR , how does it matter if he knows livestock from preferred stock :)

See... those spreads are exchange quoted.... But obviously they are based on the underlying contracts.... Now if you can make a better spread through outrights ( which will never be the case as second month will have a large bid -offer gap and moreover implieds will never let this arb happen )...

why are the browsers and OS biased against QN ? I don't see the fly while watching other sites...

or you can move your mouse pointer over the fly...right click and select kill Bill... the fly will be killed and the music " Bang Bang you shot it down " will play in the back ground in Nancy Sinatra's voice... This is a really awesome feature...

Mine has mutated into a dinosaur threatening to come out...Help me ! help..F1..F1

Nice ... first i thought its above my screen, then i realized its inside...then i changed my webpage and could see no fly... then i realized its fools day :)

Hi, I have been trading brent calendar spreads on ICE for 5 years now. I would tend to agree with what your manager says. Moreover brent calendar spread options are not as active compared to Nymex WTI spread options. I am not exactly able to understand your conspiracy theory so can't comment...

not necessarily... may pursue higher studies or may pursue their own ideas...

I did not get the context...

Insah Allah :)

Hope you mean "see your names on the ranking board" :p

ditto

No one can say exactly which would be a better choice . Both of them lie on the efficient frontier and since there is no risk-free asset, you will have to select from the upper curve of Markowitz Bullet :) . It all depends on how much risk you want to assume and accordingly you will have your...

You will invest 4 more years for a bachelors course?

Check the tracker and see how many sub 3.0 have received admits.... I doubt other factors can compensate for low GPA... Uni's say that they do holistic evaluation but when it comes to reality I doubt that's the case...

Ok... agreed with that :)

I think the ranking is transparent, QN has mentioned the criteria and weightage attached to each..

So whatever I think they will think too , so all of us will always win irrespective of what i think... I dun suppose this logic holds...

if you compare 1 to 100 , (I haven't studied game theory ever, so correct me if I am wrong) I think 100 also strictly dominates 1. So sushant now you have a reason why someone may choose 100 and actually win :p Although 100 isn't an optimum number to pick if you are trying to beat 1

But I might think that everyone will select one .... so I will select 100 to win..

its the maximum

For that matter every1 can win if all of them select 100 :p but how can i loose if i choose 1 and i' chooses 0?

push me :P its pvt msg

yes... But I come from School of divinity.... Best result for all :p If its 1, I win , If its 0 everyone wins...

What if everyone chooses zero, every one wins... Governing dynamics, John Nash "Best result comes when everyone in the group does what's best for himself and the group" :)

Depends on the location of classroom , I would choose zero if its a harvard or a yale classroom

I think it gets really rigorous after MFE( Financial Economics exam)....

Have you gone through the content of the other exams ?

Agreed... I needed about a week's time for first three...

I don't think this video deserves as much attention....No program claims a placement rate of 100%..its around 95% for top programs like MIT...so there ought to be few ppl who would be looking for jobs...Don't base your judgement only on outliers....

Round 3 is still there ..so fate of Waitlisted candidates will also depend on how many strong applicants apply for round 3...

No...dun wry :) Its just that I happen to attend this chat and due to my nature of work, over the years I have developed a photographic memory :) ... Btw I did not understand the scary part

Tepper-Gwen: @Shuo - Unfortunately no, we do not release decisions earlier. We make our application deadlines and notifications very public and we stick to those deadlines. It does take us some time to do a thorough review of applications and want to make sure we do our due diligence in...

I was already working as a trader while pursuing CQF so i did not take much help from career services. I really like the classes, content and extra videos of CQF . So on that regard its really worth the money and an excellent course. In India there aren't any good quant schools , so even a cqf...

Well in that case I will not be of any help :) ... If you have any other query (Apart from placements in chicago) about CQF , I would be glad to answer...

Jayanthan.. I am a CQF alum...Are you based out of India?

You should not change your thinking just 'coz some one said something... You should still think they are IT companies :p Btw to find a common ground they are actually software consulting firms. But I don't think one can transition from them to hedge funds for fin role..

Aren't we supposed to quote our returns net of Transaction costs , 'coz if thats not the case I can give you whatever gross returns you demand....

not necessarily knock out.... round robin

Remember your life span is limited so you can not try endless things... And thing you love right now may not be the same after 4-5 years. And you need to spend time with something to decide whether you love it or not... You can not just enrol in a program claiming you love FE in your essays and...

Reason could be anything from not being able to cope up with the demands of the program to their girlfriend complaining of less time..So it need not be necessarily strong. And they should find better ways to achieve their goals before joining to qualify as smart ...The point is MFE is not a...

So if they figure that they don't need an MFE after enrolling in the program and paying their tuition fees....by what measure will you call them smart...

January... May... September... Next post is in December. He has extra-ordinary power of finding out when a thread will have a new post.

"I guess in some cultures, it's taboo to talk about failure. But this is America." I read this on QN somewhere , so you should not loose heart .... Do your best and I am very sure you will land up in a top MFE program.

. "We will allow you the option to switch prior to matriculating, provided we have space in the other campus, but we prefer that it be done at the time of accepting the offer of admission and once you matriculate you are not allowed to switch campuses. Additionally, if you are an international...

The above does not mean that you should hold the option . It just means that selling the option will get you a higher profit than exercising it early. Also for stocks without dividends : a) An american call option is worth the same as a European call option. b) An american put option may be...

If you got this notion by reading Andy's active replies , he is the owner and Moderator at Quantnet. Also a graduate of Baruch college :)

In this video Dr Mayer talks about the benefits of being surrounded by smart people and the drawbacks of being surrounded by adorers.

If you don't go to Universities in Afghanistan, Iraq, Pakistan and Iran , I guess you will be safe in all other universities :P

Innovation is a Science?? I thought it's an art...

http://www.bloomberg.com/news/2012-03-06/finance-isn-t-as-amoral-as-it-seems-part-2-commentary-by-robert-shiller.html Finance Isn’t as Amoral as It Seems : Robert Shiller

Survivorship bias :P

Futures price = Index + cost of carry Many Indices ( e.g., dax) are total return index ..so their basis is always positive. For them Futures = FV (index)..

Or you can flip a biased coin and have more than 50% chance of getting it right....

I guess the difference between a 160 and 170 would be atleast 6-7 questions ....

I guess 8 out of 10 applicants (defined as "average person" ) with both offers will chose Princeton over MIT. I tend to differ on this....My guess would be around 9.5

What is so intellectually stimulating in finance which is not there in aerospace engineering

But why have you directed your question only to extra-ordinary people...Can't a hoi polloi like me provide some input :P

If you are from SG , could you tell me which has a better local reputation or say if you are accepted by both..which one are you more likely to join?

Did you guys apply to NUS as well?

ok..yes... They will have to offer money to withdraw admission this year as well in that case .

Is it 146 admitted or 146 accepted?

I reckon he might have missed submitting his reccos on time and hence round 3...

By what standards CGU and Bocconi are comparable to stanford's program...Is it some kind of proxy advertising?

36+16

every integer is a sum of at most 3 signed squares...the basis set for representing positive integers with positive squares is , so 49 is never used.

1,4,9,16,25,36,64..Y=64

It would be cool in most parts of the world...

Looks like Adcoms keep an eye on quantnet.

But when you would be giving the command to print screen, the key logger will have it and it can be used as an evidence?

I guess taking screen shots , saving and mailing or copying to an external drive could be detected by command logs.. Robopool's idea of stealth cam seems more appealing till someone comes up with a better idea :P

"You just don't hear the success stories because the winners do not make it to the news for their felony" "Behind every great fortune is a crime : Mario Puzo " More aware we are about the methods of copying ,greater are the chances we can detect it . So there's nothing wrong in coming with...

If i remember correctly , the evidence that was given in the soc gen trader's case was that he took few pages (<100)of print out which was captured by the CCTV footage . Who would take 40k pages of print out in his/her ofc...

We are not talking about the SDLC . I am saying that once it is finally converted into a successful project you can carry it in your brain than a piece of paper.Anyone can memorize 100 pages of anything written on it in less than 10 days .

I would narrate another anecdote : I currently trade crude oil for a very large UK based prop firm. When I joined the firm around 5 years back , the first lesson they fed in my brain was we always exchange fear and hope. Say when you buy a stock and price goes down , you start hoping that it...

Touche...

" I am afraid you would have difficulties in one of my interviews." Thanks for the concern.But after reading my confession why would you even want to interview me :P I am 27 and don't memorize codes now :)

See.... the point is why would you take a 100 page print out of a code and risk prison when you can do that by carrying the code in ur brain if you really have malicious intentions. When I was 14 years old , I did't understand even the logic behind any code but I could score 95% in my computer...

well I agree with you... that's why that emoticon after the line :)

lol... No dude ... People who know me say that I am the most ethical person they have ever met. ( Also I have always scored high in all levels of CFA ethics exam :P) Law should take its own course and no company should be bullying an employee with the clout they wield.

You should call right away and give your interview .... Before the mistake if any becomes evident :)

Yes... stealing code is never ok... But Stealing is a subjective term and open for interpretation

yes... :) ..There was another similar case of an Indian Soc Gen trader.... Hope that case also meets a similar end.

http://www.bloomberg.com/news/2012-02-17/ex-goldman-programmer-s-conviction-overturned-on-appeal.html Sergey Aleynikov, the former Goldman Sachs Group Inc. (GS)computer programmer found guilty of espionage for stealing the firm’s code for high-frequency trading, had his conviction overturned by...

if you are not good at quant why not do MBA ..Y an MFE?

It all depends on you where you want to apply your knowledge , Game theory has its wide applications in Biology.... MFE can be used in even to determine where to open a restaurant :)

I don't think you will be at a disadvantage , Dr Stefan himself has mentioned in many chats that they don't have a limit on number of students to admit and they admit everyone they deem worthy of an admit. However during the last couple of weeks due to plethora of applications you might be at a...

Kweku Adoboli incident... Trader who lost $2 billion ..

I have a colleague in my office from Michigan MFE 2009 batch I guess.... If you want I can connect you with him...He may be able to better answer your queries.But as I can infer from tracker , you have applied to other places as well..Y not wait for their results :)

If you are an intnl , you will have a really difficult time landing job from either of the places. I know couple of michigan grads who are unemployed even an year after their grad even tho they had top GPA's in their MFE.

At this rate Baruch would admit 1 student in million years.

well it might have been( e^x dt) ..concentrate :)

All I can say is All the best... May the force be with you..

I would not say that probability is zero if you don't get an interview call...

Better than the probability of getting admitted when You don't get an interview call :)

http://www.bloomberg.com/news/2012-02-02/harvard-targeted-in-u-s-asian-american-discrimination-probe.html The U.S. Education Department is probing complaints that Harvard University and Princeton University discriminate against Asian-Americans in undergraduate admissions.

My 2 cents : Don't make a hasty decision... Wait until you get a reject from all the choices above Imperial and if that's the case then you can re-apply imperial next yr and meanwhile have some work-ex ....

Well this might be true for Canada as someone told me that CFA exam's are the national pastime in Canada but I dun think you can generalize this observation :)

very Impressive stats indeed....

Even I think the overnight data is somehow factored for EIA release ... Where are you based out of?

yes... Ok yes ..Are you surprised by the post data rally?

I think you are asking about EIA.... API comes out on tuesday and does not have as much market moving effect as EIA statistics. I use reuters for charting and get both API and EIA data there....

yes , you are right :).... that's the limiting case .

where did you get the figure of 3.5% that you have used for calculating the FV of money borrowed.

I think there should be a "/" symbol in GPA column . With GPA's like 4.53 and 6.04 it becomes difficult to guess the scale.

Can we have the question posted on QN as well at the same time for people who do not have a facebook profile. Moreover facebook is locked in many offices , so it will make it difficult to post a quick answer. Also if the best answer is submitted within 5 mins... Will it get 5 points?

I would agree with you on that.... Actually I went by the headline...

if you say so... I thought likes of princeton might be difficult...

depends on the definition of decent :)

ohh...k :) .. I thought they will have to come up with new questions for every candidate if the questions are being circulated... But I agree that questions are standard and hence it should not matter.

Just crossed my mind : Is it ethical for a candidate to release his interview questions as some interviews require the candidate not to divulge any details of the interview.

I have seen this movie ... Battle of Iwo Jima... But I guess you got it wrong... This icon depicts an Important event during India's struggle for Independence when these people fell to british bullets but did not let the tricolor fall....

I just wanted to know how can one possibly take offence from that icon...

This absolutely makes sense. MIT receives very large number of applications and has an impeccable and Immaculate reputation. It's just that they have not polished or sugarcoated their placement stats like other schools.

look at some programs at the Ulm university , germany....

Which is like cost of 3 MBA's at Indian School of Business.... :)

Yes... That's precisely the case according to me... A salary of 15-20 lakhs in India is what a fresh grad from a reputed college gets. Among the list of companies is the name of ICICI bank as well..(Indian bank) , so the dots connect and since MIT has a very global brand name , many alumni might...

No...... FBI , CIA , and NYPD or you could try apple's I-banking

You can't make a generalization that CFA is easy... It depends on how many and which actuarial exam are you comparing CFA with. I have done both and found preliminary SOA exams to be pretty easy..

I would believe on both the claims... iff a) The claim of jobs was written on a website of school like princeton b) Anti-ageing claim came from Kera Skin Esthetics. :)

MFE is a very specialized course. MBA is generalized. See what you wanna do...read the blogs and FAQ's on all university's websites and that will give you a fair idea of what you want. But I would say grass always looks greener on the other side. CA is an equally good option. Weigh all of them.

You are quite confused and I would advise you to do some soul searching... How will marketing fit into your career after an MFE ? In that case your priority 2 will be useless... Apply to MFE the day you think your only priority is finance and not only finance but say a particular field inside...

If you want a career in marketing why even bother thinking about MFE... Apply directly for the MBA programs and choose finance or marketing...

Bad politics.. corruption...no education system... wonder why they count India to be among the emerging superpowers...

A word of caution for people extremely bullish on India : http://timesofindia.indiatimes.com/home/education/news/Indian-students-rank-2nd-last-in-global-test/articleshow/11492508.cms Fifteen-year-old Indians who were put, for the first time, on a global stage stood second to last, only...

You will definitely make it if the test felt smooth :)

Just curious..How much did you get on P and FM exams?

Hi shantanu First of all , any member of the admission committee would be impressed by your test scores. I don't have much idea about Columbia and Stanford but I think you have a very strong chance with CMU and UCB. Couple of FF traders are in current batch of CMU , you can mail them. Their...

I don't think an 8.1 GPA at IITK is bad by any standards.... Btw were you with FF?

I don't think FSA is 35% .Check the curriculum for break-up. Also if you feel you can do it , you will . I did not even know what inflation and balance sheet was when I started my L1 preparation , but I could manage to pass it in around 20 days of study. So it all depends on you .

May be you can consider Probability and statistics exam P conducted by Society of Actuaries/Canadian Actuarial Society.

http://www.zerohedge.com/news/berlusconi-blames-stock-market-volatility-cocaine-abuse-traders Berlusconi has uncovered the reason for market volatility in recent days....

From free Greek to free Greek, the word was spread that bold Leonidas and his 300, so far from home, laid down their lives, not just for Sparta, but for all Greece and the promise this country holds. Now, here on this ragged patch of earth called Plataea, Xerxes' hordes face obliteration!.Just...

Can't blame them if that's the state of economy....

zerohedge just rockss...I have recommended it previously as well in couple of threads..

Some closely watched economic indicators including latvian hooker index to gauge the economy :)...

and in what capacity may i ask , can you make those comments.

Does anyone has an idea whether one needs to get all correct on quant to get a 170?

You have a very valid viewpoint here. This ranking has been developed on the basis of a set of criteria , which has also been disclosed alongwith the rankings. People have had very valid concerns and excellent viewpoints about the drawbacks of those criteria and they have been posted before...

Well.. You may be having a better analogy than mine's but it's still possible that the new crunch chocolates that hershey has started producing still has not achieved the acceptance and quality of the lesser known regional brand which has a good if not great name in the field of producing crunch...

It's like....... say if BMW (read MIT) started producing chocolates( Read MFIN) , it won't necessarily mean that the chocolates will be better than those of Hershey's (Baruch ) just because BMW is an excellent car manufacturer.

You can get it at Baruch . Its written on their pre-mfe site : "Upon request, the instructors will provide letters of recommendations detailing the performance of the student in each seminar." But they are selective in their pre-mfe program as well , so until you are accepted in the pre-mfe...

I have been following this website for many years now...QI ( quantnet index) has hit lower circuits for the past few days in this thread... Regular members who have been very rational and helpful to people all these times are just refusing to see any logic which may contradict with Andy's or...

I would disagree on that, baseball rankings like any other authentic ranking definitely help people. One, it may help a professional baseball player to decide which club to join , two, it may be a yardstick for the baseball clubs to measure themselves , they could strive to get to the numero uno...

After going through all the points I would like to make few points... No one can come out with a ranking to which everyone will agree.As someone who has studied ethics for three years now , I would like to say that this ranking does definitely need disclosure of any conflict of interest that it...

It amazes me...I am a prop trader at one of the largest prop house ( by no. of people employed) and I have never been able to put on a position greater than my sanctioned limits even if I wanted to .... How can these Ibanks employ such poor risk measures...

Low GPA coupled with Low gre quant score may spell trouble.

Thanks for your reply sir. But can they be taken by someone willing to travel to states and already possessing a B1/B2.

I have few queries regarding the pre-mfe programme : 1) I am based out of India and have a B1/B2 visa . Am i eligible to take the programme. 2) Also I want to apply for all the three courses , what can be done to mitigate the chance of getting selected for advanced calculus and rejected for...

BBW can give good advice about Norway... :)

Has anyone availed the services of advantage futures? http://www.advantagefutures.com/Home.html

Got to know about it after L3 exam..browsed till results.. But its quite popular among cfa candidates i guess...

It was for your general knowledge :)

1 lakh = 100,000 .. Its an accepted english word

See.... sjain is not Kadar khan of bol radha bol that he can't see after 6 o clock ( read after 2 words) , all he meant was that your highness has written such nonsense that he didn't want to read after 2 words... And i beg you please don't rate my analytical skills to zero... My career will be...

Sounds like a nursery kid ...and talking of offensive language , if i may remind you sir that it was you who started calling people delusional if they did not agree to your viewpoint. The analytical skills of people dropped to zero (according to you) if they thought british rule did more harm...

In levels 1 and 2 , I used schweser Question banks though did not have the time to solve the entire question bank. But from my experience and specially for level 3 , CFAI books are the best.Supplements may help you pass the exam with less efforts but there is risk to it and moreover the amount...

I would request you to kindly enlighten me on what Mr. Bernanke has done.... I thought only Indian policy makers and politicans did wrong things... Are you implying there is one outside India also?

CFAI books are the best..

But that doctor should not be Indian as India is full of corrupt people and would be quants who have no analytical skills... Go to some other country and get the medical then only you will be believed...

Hi .. I have cleared all three levels of the CFA exam ... Would to be glad to reply any specific question you may have..

India used to contribute 33% of the world's GDP and look where it was after brits left it...

They have an over-friendly admissions office replying fast to anything and everything for the programme I mentioned.

"No-one pays a bribe willingly" I beg to differ on this for the cases involving traffic policemen. He catches you for some offence and takes out his challan book to write a challan and you start pleading that please don't write me a challan(as it may cost say 1200 rs), lets settle for 100 rs...

It's easier to point flaws in others rather looking inwards. Government is not something which has come from Mars. It is the people of India from where they have come. Citizens are corrupted , so is government. Half of the people protesting don't even know what they are protesting for. I know of...

Thanks vuze. Even the current alumni have quoted similar average salary figures. And yes 20k is less compared to many US universities but I guess Uni's in US don't discriminate as much in their fees structure. Say if someone wants to work in EU for couple of years to gain some international...

Thanks for your valuable inputs vuze. The tuition for the program in question would be 20k after scholarship. Do you by any chance have any approximate idea of salary levels your friends got after graduating from the program.