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I think it is a nice infographic

I think if you wanted to get a degree to bolster your application, it would be some sort of Masters in Math. Shorter time commitment, more rigorous courses. You might need to study up a bit beforehand.

Wow what an idiot. He didn't actually believe that he was getting 3.1 mil did he? And then he refused to work for 310k, probably more than he got anywhere else?

I use them to learn new languages. I think they are pretty useful.

Good for whoever these people are. If they get into programs that are ranked 5-10, they should go to whichever school they like the best. Not just the one that is ranked 1 spot ahead of another (in rankings that likely have no basis to real life results anyway).

I think here is how rankings should be done. These schools are the five best. These schools are the 5-10 schools. These schools are 11-20. Because do you honestly think it matters if a school is ranked #1,2,3,4, or 5? No. Just that they are in the top 5. And it severely limits all of the...

Oh sorry I thought you were still in school. Try the career services at your previous schools.

Honestly, I don't see why you would need another degree. Study for the CFA, keep your current job while you do.

Career services where you are now?

Have you had your resume checked out? If you can't even get an interview then I would guess your resume might have some problems.

One week is nothing. Not surprised you haven't heard back. It can take a long time.

Price is back up to about 5 and half USD, and is kind of holding there. Certainly nothing peaking my interest yet to come back to it.

What type of consulting would you be doing? If it was financial consulting or something similar, I'd probably go that route. I just think it would be more interesting. I would assume with all of the connections you'd make (especially at a place like that) it wouldn't be too hard to get a...

I agree and I definitely think that having some sort of degree or qualifications in Statistics is going to be the next big trend.

I think this is a very important question, for any career. For quantitative finance, I fear that political legislation may be the biggest hurdle.

If you think you might want to become an actuary, then I'd say they are a good idea.

I signed up. I'm always up for learning new things.

I'm also still in undergrad but I completely disagree with you. 4.0 is useless. Edit: Granted, a C probably isn't the best thing to have. But if you don't have a perfect 4.0, that's fine. A 3.8 vs a 4.0, no difference IMO. Shine outside of class.

I haven't been in college long and I got a position (not technically an internship, more just part-time position) with a company that almost exclusively looks at juniors and seniors to fill internships/part-time work. Just saying you might get lucky. Keep looking, but I'd say you probably won't...

Anything is better than nothing. Your opportunity doesn't necessarily sound like research, but it actually might be more beneficial to you.

I know Andy has been on the habit of post alternative quant paths lately, so I thought I'd help him out. Don't know if he mentioned this one yet. http://www.bloomberg.com/news/2011-12-14/obama-s-re-election-path-may-be-written-in-will-st-clair-s-code.html

I am open to looking outside the US for employment when I graduate in a few years. I really have no reason not to.

Gotta get paid.

It's also no secret that you can find leaked Black Friday ads online well in advance. I'm guessing some will already be out since I know some stores already have them on-hand by now.

That's easy. Eggs break from any fall greater than 2 meters.

Galaxy Nexus is my #1

So if I was just starting to learn C++, should I start with C++11? How long will it be before this becomes mainstream? EDIT: I mean should I learn the new features, I realize it isn't a whole new language. I just wanted to clarify. lol

This sounds a lot like McDonalds Monopoly...

I would recommend a Random Walk Down Wall Street. The book is a classic. I'm in the process of reading "The only three questions that count: investing by knowing what others don't" by Ken Fisher. I'm about half way in, but the first half is probably the better half.

Why not go for a regular MS in Finance or go for an MBA?

Shouldn't you basically more or less always be looking for another job when you work in the financial industry?

I'm going to assume that the Applications course is the easier of the two, since that is how it is at most schools. That means you should pick the regular one.

What are "the right electives"?

I don't think you can make it as black and white as you are Abdel. There were many things going on at the time. By your argument, I could just as easily say that when we were a slave holding nation (first ~100 years) we were great, and ever since we freed them we've been a terrible country...

I threw in this little clause you might have missed. "So if we acknowledge the problems as those listed in the charts that Shantanu Kumar posted (just assume that those are the problems whether you agree or not),...." I'm not saying that those charts are the final word on that matter. I'm...

I'm guessing its High <--> Unreal

Those charts do certainly help give an idea about why people are protesting. My biggest fear is that there really isn't a clear solution to the problems. Many are calling for the shutting down of these institutions (lol no chance) or of the Federal Reserve (lol not happening). So if we...

Talk about sticker shock...

I don't care how many hours he worked, I'm not going to feel sympathetic for him. I'm not saying he isn't worth $500k. I just don't think he has any right to complain about his compensation per hour.

Wow! Poor guy. $500k just a few years into the business.

You haven't gone to college, so I don't think you have any argument about whether what learned in college is relevant/practical/whatever. You're right that you will have trouble teaching yourself the required material. You're right that you would be instantly denied for any position that you...

I would say things are much faster for me

Glad to see that great Ivy League education in action!

I think I'll probably pick this book up in the spring once I have more time to sit down and work through it. This semester is killing me so far, no free time at all.

Do you have some other link or anything? There is no way I can read this.

I would think that statistics is pretty broad too. What industry doesn't deal with data?

But they couldn't still be ranked among the rest? I'm asking why they aren't there at all. Did they just not respond?

What are some reasons that a program might not be ranked?

Absolutely do not regret selling out on 8/10.

Well there are hiring freezes going on right now from what I've heard, so hopefully those will be over by Spring.

I was looking into going into the same exact thing you are looking for. MechEng with Solar concentration. 2 major changes later I'm now a Finance major and going to pick up a double in Math I believe. I will tell you this though. Straight from the ME professors at my school, there is no need to...

I think you will probably change majors in college just like everyone else does. One step at a time man.

He has made some very good observations. I'd agree on the premise that there needs to be more emphasis on risk management.

Nice quick read.

Is this really necessary? I feel like 99% of people don't actually know how any sort of trading works, let alone HFT, so they overreact when the markets dip and blame the losses on Wall Street. This just seems like the SEC is giving in to peer pressure (which is coming from people who know nothing).

Very interesting

Are you sure they aren't the same class? My university has them cross listed under both dept. but it is one class.

Ok, then OP I propose you study the difference between behavioral finance, fundamental analysis, and how markets work fundamentally.

I would say that fundamental analysis and behavioral finance are not the exact same thing.

To be honest, I don't think Calc 2 is enough mathematical ability to do anything you listed. I learned none of that in that class. Calculus 2 probably isn't really enough math to do any interesting mathematical finance research, but myampol had a good idea with behavioral finance. That field is...

My response was to Tsotne because he gave advice that I would place well above a Calc 2 level.

People getting an MFE after a PhD are those who are getting a PhD in something that isn't already what an MFE covers (CS, pure math, engineering, physics, etc).

The drop is most likely because many people just used this as a source of profit (myself and my friends included) and not many people view it as a viable currency. People are just selling out of the system now.

He said Calc 2 lol

Yea we got out of it a while back. If we didn't mining would not be profitable for us at these prices, so I'm glad we got out.

Maybe you should focus on getting good grades in High school, and getting into a good college first.

This looks really freaking good

Is the Certificate something that needs to be renewed every so often, or is it a one-time deal? I wouldn't be able to take it this year, but maybe next year. Even then though, I'm still a few years away from an actual job. So, if it needed to be renewed or something then I would have to wait...

I don't see the problem. If I know C#, but I also know C++, Java, Perl, Python, and F#, what's the problem? I would definitely say that it is bad that it is so easy, and if that is their only language then I would be suspect. However, if they have multiple languages, I just think it adds to the...

You as a person.

Peter-Jan , What do you think of the recent price drops?

So go make millions, you'll still be smart (and now have much more money) and you can go get as many PhDs as you want. Win win.

You could just fake a whole block chain.

This is the truth. Hack the system, or gain a majority, and you can potentially create or "print" all of the BTC you want without being detected.

Remember when this thread was about this? http://www.foxnews.com/politics/2011/08/01/congressional-leaders-to-pitch-debt-reduction-compromise-to-caucuses/

It certainly sounds like you have something big planned, I can't wait to find out.

You guys have it all wrong. This is a hobby - not something that you would do to make a living. I suppose if you were an early adopter and you saved your BTC then you could retire early (some people who joined early got a bunch of BTC, so they are sitting on a couple hundred thousand USD), but...

Yea I got it when it was the free app on Amazon as I'm sure most other people did too. It worked fine for a few weeks and then would start crashing. Fairly nice when it worked although I did dislike how I would frequently mishit and end up on the sketch pad.

My ROI thus far has been fine. We have only been mining and not trading, and we broke even earlier this month. Since there is a group of 3 of us, profits will obviously be split, but we stand to come out with a couple hundred USD per person once we are done mining and sell off the cards. Mining...

Bitcoins are very much treated as commodities more than anything else right now. I don't think more than like 2% of the users actually think it is a viable currency. My friend and I were discussing why the price dipped and then stuck around $14, and we think it is because it is too much hassle...

When it works.... mine crashed at least once a day. I think the gingerbread keyboard is perfect.

I am actively involved with bitcoins. We mine them, but are going to start trading them once mining becomes unprofitable. We are doing it as more of a hobby, and we realize it could crash at any moment, so we keep most of our holdings in USD. I am also using it as an opportunity to learn how to...

Why? There aren't enough jobs for them as it is right now, and almost the entirety of their funding is dictated by the government, which has been reluctant to fund recently.

Job for sure.

Gave me a good laugh.

I do have a custom ROM on my phone. The developers just haven't been able to get a fully functional 2.3 ROM yet. That's one reason I'm considering getting an Android tablet. I'll be able to root and customize it to my liking, it will always get the latest version of Android, and I'll get all...

I like lots of sports!

I'm not sure if I'll pick up a tablet this year or not. They certainly look fun to play with, but I want something that I can use for real things, not just to mess around with. Asus Transformer looks promising if it really is cheap like $400. Also wish my phone (Samsung Fascinate) would get...

I also found that interesting. Thanks for sharing. It shows that our situation has room to get much, much worse.

I'd be surprised if the ATT/Tmobile deal fully goes through.

64 Million empty apartments!

I have no experience with this, but if I was in your shoes, I'd take the job offer.

The problem is with paying them off in two years is that...you are planning to go to grad school correct? So, not only do you have the cost of your undergrad, you also have at least another 1 or 2 years of graduate schooling to pay back.

Can't Wait!

Good story.

This might help. http://www.quantnet.com/forum/threads/pay-53k-for-purdue-or-only-3k-oklahoma-state.6000/#post-51372

Interesting...

I think the funniest part of zeez's picture is everything that is in the background.

I just use F5. I think that is universal.

The one in the upper right? It has a slider bar. Just drag the left side.

Purdue is a pretty good school, but 53k is steep. Schools out east or west that are better are going to cost that much. I'd pick OSU in your case. If you are wanting to stay in the midwest, I'm guessing it really won't matter much which school you go to.

I do know that the MSF is gaining popularity because of its shorter duration.

Regardless, it is still dumb to invest ALL of your savings. Even (or especially) if you are still in college. I could see maybe 2/3, but definitely not all of it. That is, of course, unless mommy and daddy will gladly give you more money to play your trading games with.

In case you haven't already picked up on it, you shouldn't ever risk all of your savings.

Wilmott forums have a job posting section you can look at. Some of the jobs have a salary stated, some don't. I would say if you are looking to get into any field simply because of money, don't.

MBA in finance nets you at least 150k+ from the start. You will advance more and add more to that if you don't suck, so that after a few years you are making 250k+ when times are good. This is in the industry. Contrast that with a PhD. 4 or 5 more years of schooling, yet now you are making that...

I don't see why you would get an MBA just to go straight to a PhD program. That doesn't make sense.

Are you talking summer internships or ones during schooling as well? Do they look at undergraduates? Do they consider region when accepting students? Like could a student at a southern school be considered for internships in NY, Chicago, etc. What types of perks do they offer? Relocation...

You may not like classes like history or music appreciation or philosophy, but you still need to work to get good grades in them. Hell, it isn't like these classes are really that hard anyway. They are gen. ed. courses that you can probably just sit there, listen, not even take good notes, and...

Take this with a grain of salt. He sure isn't healthy, but they don't necessarily always use truthful journalism.

I just want to say that I think you have the coolest design of any website I have ever seen.

What type of job are you looking for? You have four years work experience on quant trading desks. Where would an MFE take you that that experience wouldn't already?

I tried to make it look like me. It was hard considering the body is a block.

ha I just downloaded that. I'll play around with it today and see if I can make a cool avatar.

I completely agree with Dominic. As if unpaid internships aren't bad enough, now it will become the norm to have to pay for the experience. Ridiculous.

I think it would help if you actually stated your profile.

I use Code::Blocks on Windows. I am just learning, but it has been good so far.

If you are reading it on a printed news source, then it is already priced in the market,

Yes and yes, but I do believe it is certainly less common.

I would look for internships. You could still apply to a few MBA programs, but I honestly wouldn't an acceptance letter unless you are lucky and have a stellar background.

I'm going to have to disagree with you. Most of what you say (excluding your actual factual statements, which would be few) is wrong and obviously influenced by mass media - which isn't a good thing. The USD is at a near-zero risk of defaulting in the next 2 decades. It just won't happen. As...

I know the majority of MBA programs admit mostly people who have work experience of like 2 or 3 years minimum. Occasionally, they will take a couple younger people straight out of undergrad, but those people still tend to already have work experience they obtained during their undergraduate studies.

Actually the question is, what are you listening to? Mass media panic much? The dollar is fine. It may not be as great as it ever have been, but it is fine. It will remain the world currency of choice for quite some time. The US is in no big financial trouble, just a simple recession that has...

These are MSc of Finance, not your typical MFE/MSQF/MQF programs. They are pretty much completely different.

This is saddening to hear. Pretty much shows that the places got filled up with Harvard and Yale grads who only want to hire more Harvard and Yale grads.

What advice would you give to a student that attends one of the newer programs? Do you think they are then placed at a disadvantage in the job market?

I'd take the CFA test if you have time. That will give you some knowledge, and let potential employers know you mean business. I doubt you'll need an MFE if you already have tremendous programming knowledge.

So the general consensus is "Don't get a PhD unless you want to become a professor." Shocking.

I'd take it if you have the time to study.

Since you've gotten plenty of advice so far on where the best schools are, let me give you some more advice on choosing a college (I just finished my first semester, so I think I'm experienced enough here). Go to the place you will enjoy the most. Of course you want to go to one of the better...

Yes, I'm curious how he managed to fake SAT scores and transcripts. These are normally sent electronically to the schools from the institutions/agencies.

Majoring in math will cover all of the math you need. Since, all you would cover would be math.

Yea... you'll probably get in to every place you apply. Go where ever you want.

Isn't the first one saying 2*salary not salary^2? So it is linear. That is how I read it. Saying you have twice as much as something just means double.

I am failing to see why you wouldn't apply for a position in which you were interested. Sure, it may be a long-shot, you will also need to apply to other areas, but I don't see why you wouldn't apply to the one you really wanted.

I thought this was a nice article, and I thank her for taking time to share her story with us.

Right. You can't go wrong with a PhD in Engineering from CMU. What type of engineering? How long will it take? There is a chance you wouldn't even need to do the MFE after you got the PhD, you could just hop right into the field. Plus, it helps your overall job prospects out much better, not...

I honestly think the number of trades is irrelevant. Assuming you already had millions of dollars invested, but then suddenly the market declined in such a way that you lost $10 million and didn't really have an explanation. Consider that.

Others on this forum have stated that 800Q + 4xxV is enough as long as your GPA is good. Of course, all of it is done on a case-by-case basis.

Yes, I noticed this too.

I would say if you are defaulting on loans, you most likely aren't being very successful in your career, wouldn't you agree? I think all of us would agree that the prestigious name on the diploma gives you a hand-up in most circumstances, but I feel that you are going to receive the same level...

I would agree that too much stress is put on going to the so-called elite schools. Look at that study that came out just a few days ago about over 80 percent of MBA graduates from the elite schools aren't repaying their loans. Successful? I don't think so.

Been lurking for a while, thought I would start posting. Just switched my major to Finance, and I'm going to go for a MFE when the time comes (my school calls it the MSQF). I've started ordering books to read from the master reading list, can't wait to get started on those.