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Most admitted students have some work ex, but not 100% of the candidates admitted to B-schools in India have work ex, (it is a little different from the USA)

There might be more disparity in India than China. Anyway I dont want to debate that. But your point about billionaires is plain naive. I really do not like getting into comparing India and China, but this point needs attention. I read somewhere that number of billionaires in China are...

Using both in the same conversation does not mean they are the same. Yes they have some similarities, like both are in Asia, both have 1 billion + people, got free from western rulers/political influence around the same time, they both experimented with varying degrees of closed economies. Both...

1. Comparison of China - India: Neither Indian companies or the people claim India is a China. It is only in the minds of people like bigbadwolf, who elevate India as a competitor to the USA, China and then go on disproving that notion :) 2. Cultural Differences: Cultural differences are...

I am not sure why IITs are discussed whenever immigration/high tech is discussed. IITs produce good students, but that cannot say anything about the entire India or skilled immigrant population by any means. There are many institutions in India(many less well known than the IITs) and many other...

Happy Birthday Bob!

IITs are most competetive only in terms of getting into the institution. IITs themselves nor does any standard univesrities ranking, puts them in the top institutes in the world. That is not new and known to most of the world. The media always hypes things up and a lot of times gets facts mixed...

Scary proposition indeed!

Yes, algorithmic trading will involve programming. By nature, it is a type of trading where you write programs to execute orders.

An article that blamess mathematician's lack of questioning the assumptions behind many of the models.. Entire article below. http://www.bloomberg.com/apps/news?pid=20601087&sid=aD4y2TBuy4gQ Wall Street Relies on ‘Too Much Mathematics,’ Paul Wilmott Says By Thomas R. Keene and Shannon D...

Happy Birthday Kevin! Hope you give us some good deals today as a birthday treat!

Happy Birthday Alain!!!

Baruch subotnick center offers free training for Baruch students in Reuters and Bloomberg. For details and registration please go to http://newman.baruch.cuny.edu/services/workshops/index.php

Please clarify : "narrowed to choices: Quantitative Finance, MFE and computer Science" What according to you are the differences between Quantitative Finance and MFE? The answers to your questions can be answered by thinking about the below: what kind of job are you looking for after you...

How about adding long term US Treasuries to the list?

Citi to give up control of Phibro energy trading business http://www.bloomberg.com/apps/news?pid=20601087&sid=agLSWvFVqk6A

I am not an expert to give an outlook for the future. But it will depend on multiple factors: aptitude, specialization of work, career path, the specific firm you are in as well as the economic cycle.

There are detailed statistics about the baruch MFE graduates at http://www.baruch.cuny.edu/math/EmploymentStatistics.html you can get a ballpark. It gives the breakdown of all the graduates, as well as the graduates with no prior relevant experience

Better than expected jobns report buoy stocks. http://www.reuters.com/article/ousiv/idUSTRE5762GN20090807?pageNumber=2&virtualBrandChannel=0 But the surprise is unemployment rate has gone down even though there were about 250K jobs lost in the last month. apparently this is explained by a...

Has anybody considered taking graduate level statistics department courses at Baruch as electives? If anybody has taken any course and has comments/suggestions about it, it would be wonderful. Some courses offered in the Fall are: Regression and Forecast : Gill, B Modern Regression Analysis...

You have a math background, the data characterization project as well as programming background will put you in good stead. Interest in trading is also a plus. You will need to concentrate on your personal statement and include all your strengths in a logical way. Also scorewell in GRE. As...

I am curious to know how Lisp compares with Ocaml or Haskell? any comments?

Could you please say: What is your objective behind taking these classess? What is your background(current major)?

there might be decrease in consumption in some areas, while it might lead to new innovations. buying less newspapers will lead to less trees being cut, but maybe we can read news online or maybe Kindle like devices can be used to read newspapers apart from books. so news will still have value...

First thing: Age is not such a major factor in the USA as much as it is in other parts of the world. I know people in the 40s who enter the phd programs to do research and do not think its a big deal. But the bigger factor is getting into good phd programs. I am not sure what your background is...

do you want to apply for Fall 2011 or Fall 2010? Baruch for the most part admits only students starting in the Fall. This is because you are expected to take core math courses in the first semester and the core math courses are offered only in the Fall.

Agree with maxrum. First thing you should ask yourself is after doing a cs phd why do you want to get into algo trading? Just for money/getting a job or are you really interested in this field? Does your phd research delve into algo tradnig or its allied fields?

23.7 bil dollars! i am not sure how horrible inflation will become a problem in the near future.

it can be a double edged sword. Pros: 3 masters degree shows that your capabilities Cons : it can show a confused mind. I believe it will depend more on how you present yourself. You should be able to explain logically why you ended up doing three degrees. if you decide to show two out of...

for more statistics on average GRE scores, please refer to http://www.baruch.cuny.edu/math/GPADetails.html

Quantitative modeling might be configured under a seperate reporting line to satisfy regulatory and other requirements. It might be well outsourced to some third party too. No sell side firm would want to spend on research and make those models public. Anybody in the market will be able to use...

Coming back to the original question on patenting: As bluechimp mentioned, Have you considered "trade secret" protection as opposed to "patenting". Trade secret is less powerful than patenting however it seems more approriate in your case. You can read more on wikipedia...

I would really be surprised if hedge funds will teach you stochastic or for that matter any subject. Generally hedge funds look for readily deployable talent. There are very few hedge funds that really invest in training, they will most likely expect you to know such topics. However, if you are...

340- is more apt for students of CS who will be in fields like computer systems modeling, 341 is more for MFE line

The difference between 10 yr and 2yr yields have risen to a record 275 bp today. Maybe the nascent revival in the housing markets is over.. Has inflation already made a comeback, even as people were just thinking about it in the last few months. An article from Bloomberg...

As of now, the classes are extremely diverse, balanced and are not skewed towards any nationality. There are a lot of students from USA as well as students staright out of undergrad institutions in the USA. An applicant is evaluated as a whole. Yes, you are right in the sense that American...

Yes, we have huge issues with social security and medicare -- deficits in general. To overcome the problem we in the USA have to use the following tools in varying degrees 1. Raise Taxes 2. Depreciate the currency(aka: higher inflation) 3. Reduce benefits To make the process less painful, the...

Happy Birthday Matt!!!

Happy Birthday Vadim!

Agreed, pay in finance is going down. But what we should think is, what will the pay increase/cut be in other professions? The value of money is coming down for sure, with parallel money printing going in the entire world. As it is suggested below, is it really time to brush IT skills: will...

As other have pointed out, PERL is extremely useful in data analysis. We use it for data analysis, parsing and reporting, Actually, I just learned couple of weeks, that it can even build UI components (although it is not very straightforward), if you really want to deploy something quick.

One thing that I fail to understand with this scam after all the previous things like subprime is: do the buyers never do any due diligence? Do they just rely on word of mouth/ rating agencies before they decide to invest(throw) their money to perhaps wolves? The current debate has so far...

just imagine..somebody who entered the market yesterday, they are down 7% in one day ---and give them this advice..not sure they will agree with you...I feel it is tough to perfectly time the markets..and entering a market will depend primarily on the investor's current protfolio.

the market has gained quickly from its day's lows.. Dow is now down 400 pts from yesterday.. Just imagine the traders (esp the algorithmic ones) who become rich and well as bankrupt with such vol.. When will a little more sanity return?

agree...Has over regulation ever worked? even if the regulation was effective, it only served driving out capital from one geography to another? We saw enron explosion, Sarbanes Oxley came by: and guess what : London AIM got lot of IPO listings which might have come to NY, taking with it the...

maxrum wants to send a lot of people to jail. For ex. Alan Greenspan, I might agree. Why do you want to jail Bernanke, he came much recently, and atlest as soon as he took over, he was rasiing interest rates, and with the market turmoil, brought them down quickly. I am not saying he has...

hi, fyi all: One place where students can get free and subsidized software legally is CUNY emall. All with CUNY login and id are eligible(which means all MFE students) e-Mall Registration Instructions link above has more details.

probably they did not have brains to understand...but you should keep in mind that the brain behind all this is Hank Paulson, who knows the markets and govts inside out not only US, but almost the entire world..

Taxation fyi: If you are single without dependants, then you can claim only one allowance.

Merrill BofA Merger Possibility http://www.bloomberg.com/apps/news?pid=20601087&sid=acZ9mZrN3AOE&refer=home This is the latest news.. Only time knows how many of the big guys will be merged wiped out by the time this crisis begins to end.. What do you think will happen to Wamu over the next...

I would say Discrete Math is really not useful in Quant Finance other than maybe it helps in sharpening your brain..Discrete Math is most suited for core CS research/work.

Book Suggestion A great book about Market Microstructure. Trading and Exchanges : Market Microstructure for Practitioners by Larry Harris. It covers this subject in great detail, very practically oriented and has countless great anecdotes.

If you really do not want to work for 1-2 years, atleast get an internship(paid/unpaid) somewhere related to what you would like to do. If you do not find the internship interesting you know for sure that you do not have to get a degree in that area.

I believe meningitis is optional (although it is better to take it). MMR is mandatory. However, if you do not have any proof of taking the vaccine, they will perform a antibody analysis..If that turns positive you are good. If that turns negative you can get immunized (2 shots seperated by a...

This is an article about Nikolai Kondritev's work with respect to the commodity cycle. Time will tell whether this is true. http://www.bloomberg.com/apps/news?pid=20601081&refer=australia&sid=aDKUcyM2jIr8