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Message: <blockquote data-quote="Author" data-source="post: 92192" data-attributes="member: 12902"><p>Ekongkong, that's not entirely correct. If you get your MFE from a target school, you may be in the running for an analyst or associate program. There are also trading desks that prefer to hire graduate students and recruit directly from certain programs. It will matter a whole lot why it is you're getting an MFE to begin with if your goal is to be a trader. If you're coming straight out of undergrad, it means either you were unable to secure a position in your senior year - either because the university you attended didn't provide you the access you needed to the banks or because you didn't make it through any of the processes - or you studied something unrelated, had different goals, and now want to focus on trading as a career path. In either case, getting the MFE will increase your chances of getting in the door. You will of course have to do a bit of cost/benefit analysis on your own about whether the tuition is worth the extra shot at making it to a desk. Another reason why someone might want an MFE is because they're changing careers. If you want to be a complex derivatives trader, it makes more sense to get an MFE than an MBA (though there are complex derivatives traders with MBAs). In this case it will as well increase your chances of getting onto a trading desk, as desks will prefer you to have some meaningful exposure to the material if you're in your late 20s and want to join up. In any case, it's not like getting an MFE will turn your chances of getting a seat on a desk from 2% to 92% - it's more like from 2% to 12% (please don't analyze these numbers). There just simply aren't as many seats available as there are students who want to fill them. This is why getting into trading is so competitive and why you can't view any degree as a sure shot way to get into trading. Also just want to point the following out - I've come across so many students who feel that simply because they've made it into an MFE program, that means they will definitely get to be a trader just out of school. That idea needs to be wiped away from students' minds. You need to do very well in that program and you need to do legwork on your own to get yourself into interviews. But would an MFE simply increase your chances if you didn't make it in straight out of undergrad? Yes. It's up to the prospective student to judge how much that increase is and weigh that against tuition costs.</p></blockquote><p></p>

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