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Very correct and well said.

All I am saying is that we could easily end up offending people who belong to a certain race (say for example, African Americans). This is called non-inclusiveness. Imagine that in a group discussion if you are talking bad about someone's country, could not that offend and exclude someone?

I don't have a problem with labeling communities positively (e.g. calling Chinese smarter, etc.), but one should judge the ramifications of assigning negative labels like calling an entire community less intelligent. This kind of racially biased thinking is a problem in the society, and I...

Disagree. We need to be more sensitized. This is a Quant forum, imagine how some aspiring quant from the communities being discussed would feel seeing these foolish comments. Many big names have lost their fame trying to propose such arguments. I am talking about some top of the top names...

Bringing genetics into the discussion is a bad idea that lacks merit. Even many famous people who tried to propose such arguments have been time and again rejected by the society. People without legs have climbed mountains. It is foolish to blame a community being behind because of lacking...

Being a foreign person (India) in the US, I think the US system still produces one of the best well rounded graduates. I personally think the main reason for communities like African Americans to be not doing so well is linked to racism that is still highly prevalent in the society. Small...

I would not recommend getting a PhD. Worshiping a Professor for 6 years will not necessarily give an advantage in the industry.

No need to get a PhD for working in the industry unless you love sitting in school.

You can try #4: No PhD. Acquire relevant work experience in Korea. Then apply to MFEs.

anyone? I meant Cass Business School, which is part of city university london.

I think the American system still produces certain percentage of exceptional students. And in terms of overall skills, I would rank US grads much higher than any international grads.

Thanks Andy for taking the time to answer. This explanation makes the picture much clearer.

How is the reputation of Cass financial math program in uk?

I think the hard part is to get the job in the US as a foreigner. Visa difficulty is secondary. Big companies generally have no problems in OPT->H1B changes for their foreign employees. So if you get your phd, and obtain a job on opt, then should not be an issue to convert the status to h1b.

thanks bbw. That is good to know that Warwick could be placed that high.

Does anyone have any information/opinion about the fin math programs being offered by (second tier???) univs like leeds, warwick, york, etc? How are these univs viewed in the uk? and job prospects for someone getting masters degrees from these places?

Some international universities (e.g. ones in europe) have different masters degrees for financial engineering vs. financial maths. A difference in the course structure is that the financial engineering program includes econometrics courses, while fin math program includes stochastic calculus...

Hey guys. Seeing a lot of tension in this tread. Let's all be against PhD rather than being against each other!!! I do think that majority of science and eng PhD degrees are a waste of time.

You have a very good chance of getting in. I suggest you apply.

It will not be too late. All depends on your circumstances. Good MFE program will get you into the financial industry. If you are ok with spending an extra year and some money, you could try it.

I would add a bit. Don't get it unless you want to be a professor, or you want to change the system (which will be easier if you become a professor). Majority of the PhDs today in the sciences are slaves, and mostly international students who are greatly manipulated by their supervisors. FYI, I...

A new sub forum should be added under Education for MIT MFin. What do you think?

PhD is useless. Most people do it because they don't know what else to do. They are treated very badly and are slave laborers. This is esp. true for science and engineering.

Apparently, majority of the interviews will be in mid Jan and results will be declared within few days of the interview.

CFA will help, but not necessary. Your finance internship might get you in, esp. if you have good grades and test scores.

Thanks Andy. This was very useful.

Mine says that too. The interviews must have started by now since the decision notification will be by Jan 24th.

Anyone applied to MIT MFin 2011? Any updates? I heard some people had their interviews earlier in December.

are the 2011-12 MS CF admission results out yet? anyone got admitted or had interviews?

any round 4 MFE waitlisted candidates out there? did any of you get admitted recently? or is hope now over for the waitlisted applicants?