Advice for MS Programs (Looking for a PhD program as well thereafter) - Targeting Fall 2026

  • Thread starter Thread starter siddh
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Hello All, this is my first of many posts on QuantNet! Purpose of me writing this post was to know how strong/weak my profile is, and the prospective programs I could be considering. I've previously reached out to several folks on linkedin, and judging from their profiles, I was able to narrow down a few programs based on my profile.

My Profile.

Education
1. UG :- IIIT Delhi ( Indraprastha Institute of Information Technology, Delhi ) - Engineering in Computer Science and Applied Mathematics. Worth mentioning that it is one of the top institutes in India based on research output as per csrankings.org.
2. UG CGPA - 7.47/10.00 ( On the lower side )

Research Experience
3. Research Internship in ISB Hyderabad ( Indian School of Business ) in their Finance Department.
4. Research Undergraduate Project in the field of Computational Creativity under a Professor in my college

Professional Experience
5. 2 years as a Software Engineer (Data Engineer) in NatWest Group (formerly Royal Bank of Scotland)

Test Scores
6. IELTs - 8 ( I grew up in an english speaking neighbourhood and my schooling was done outside my native country )
7. GRE - ( yet to give )

Factors considered before applying for a MS program.
1. Low Cohort Size - Why? because, coming from a small cohort size college myself, I know one thing for sure. That I was more often than not able to get a 1-2-1 attention from a professor. And plus, I don't thrive in large uber-competitive environments.
2. Affordability Why? most of the MFE programs, in my judgement were sort of on the expensive side for me. I most likely would be taking a loan prior to applying for a college so it wouldn't be a surprise that I would have to look at the expenses as well whist at the same time maximising for returns.

Universities and Programs I am strongly considering.

1. Stevens' Institute of Technology - MFE ( Possible Extension towards a PhD in FE as well )
2. Stony Brook University - MQF ( Prospect of extending it towards a PhD in QF is also possible. But funding is extremely difficult, and I learnt that some of the folks who pursued their PhD here also had to self-fund it. )
3. University of Michigan - MQFRM ( strongly considering this course because judging by the students, it is a strong pipeline for students getting into PhD later on. Also because it was listed on the FancyQuant website )
4. UIUC - MFE ( Made a good correspondence with a current PhD student in their ISE dept. and was able to learn a lot more about their FE program, and thereafter students intending to pursue a PhD in their ISE dept. Given UIUC's reputation in CS, and being located in Chicago, I found this to be a good program worth considering. )
5. NCSU - MFM ( one of the best in QuantNet. )
6. NCSU - MSOR ( noted that it has more or less the same design of courses and math rigour as the MFM program )
7. GaTech - MSOR ( ranked 1. in OR in the country )
8. GaTech - MQCF ( again, one of the best. )

Programs I am strongly considering
1. Financial Mathematics
2. Quantitative Finance
3. Operations Research

My LONG term goals
1. To continue working in a Financial Institution. Albeit in a more research oriented role where I'd get to do independent work.
2. I previously connected with a gentleman who graduated from UCB's MFE and he mentioned it would be better and more future proof to consider pursuing a PhD in a quant specific field rather than just an MFE.

Would deeply appreciate your thoughts @MikeLawrence @Leggoo MFE @Andy Nguyen @Andy Zhang @Daniel Duffy @Ken Abbott
 
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If you want to work, don't do a PhD, do the job. If you want to work in QF, sit for the QF masters degree and not the OR degrees.

Add UChicago's program. They give good scholarships to their top students. Try to be one of those students. Baruch is also very affordable, try your best to be someone they would want. It will set you up much better than not.

You haven't given us much information on your profile. What math topics are you good with? In what languages can you code?
 

Math Courses​

  • Maths I – Linear Algebra
  • Maths II – Probability & Statistics
  • Real Analysis I
  • Maths IV – Ordinary Differential Equations / Partial Differential Equations (ODE/PDE)
  • Abstract Algebra I
  • Scientific Computing
  • Linear Optimization
  • Statistical Inference
  • Stochastic Processes and Applications

Programming Languages - Python , Java, SQL

I want to preface that while I did these courses in uni, I forgot a bunch of them. I must add that these were all the courses that are present on my transcript. Albeit horrific grades.
 
These are kinda generic. If you had awful grades, I assume you will need to start from scratch.

Do the cpp course here. Buy the books at fepress.org, learn the material thoroughly. Start with the ACFE book.
 
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