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Best choice for studying Computational / Quantitative / Mathematical Finance

Discussion in 'Quant Programs' started by batman, 7/2/18.

  1. batman

    batman New Member

    Hi everyone

    I did Finance for my Bachelor's degree and would like "to go with the flow" and get educated in more sophisticated areas of finance, i.e. I am more intrigued by mathematics, statistics and programming, which is why I would rather do a Masters in Quant Finance than simply Finance. I have applied to following:

    - Cass Business School (MSc in Quant. Finance) --> offer
    - UCL (MSc in Computational Finance) --> rejected
    - Birkbeck (MSc Mathematical Finance) --> no decision yet
    - University of Liechtenstein (MSc in Finance) --> offer
    - Queen Mary University (MSc in Financial Computing or MSc in Mathematical Finance) --> no decision yet
    - University of Essex (MSc in Computational Finance) --> offer
    - Royal Hollowy (MSc in Computational Finance) --> offer

    I can't really decide which option is the best for me. Because I have a background in the banking/finance sector, I'd like to stay in that branch, or do something with crypto/data science, but in finance related fields. My goal is to land a job in quant. asset management, quant. analyst or trading. Going through job descriptions I realised that programming, mathematics etc. is more and more a must. That's why I am aiming for a Quant Master instead of "just" finance, even though I have applied to Liechtenstein, which is a relatively a more mathematical/technical finance master compared to others.

    I thought studying in London would be a great life experience, would push my CV forward and for those unis in london this is a big plus, especially the chance to network with fellow students and potential employers. The downside is the price tag, some (Cass) are very expensive. But studying Finance in one of the biggest financial centres world wide can't be something bad ...

    A big plus in my opinion for Uni Essex is that the programme is accredited by the IET (Institution of Engineering and Technology). This accreditation is increasingly sought by employers, and provides the first stage towards eventual professional registration as a Chartered Engineer (CEng)

    I thought a second option could be to do the Masters in Finance and the re-apply with more work experience and a MSc to top tier universities like UCL to do the MSc in Comp. Finance.

    So, what are you opinions? What would be the best pick from the list above?

    Thank you in advance guys, I could really need some help!
  2. bigbadwolf

    bigbadwolf Well-Known Member

    Is Liechtenstein expensive? It's a centre for finance like Switzerland -- secret numbered accounts.
    batman likes this.
  3. Daniel Duffy

    Daniel Duffy C++ author, trainer

    I am more intrigued by mathematics, statistics and programming
    Is this 'intrigued' caused by lack of knowledge of these subjects? How much hard math did you learn in your degree programme?

    One of the best (C++) programming courses is here at Quantnet.
    #3 Daniel Duffy, 7/2/18
    Last edited: 7/2/18
    batman likes this.
  4. batman

    batman New Member

    No, not at all! But it is a 120ECTS Master, which means it lasts 2 years.
  5. batman

    batman New Member

    Well, my Bachelor Thesis was about Option Valuation and that's where I have developed sincere curiosity for these subjects. I want to learn more about Quant Finance, which means more about maths, statistics and computer programming combined to solve financial problems. That's why I guess a "simple" finance master won't make me happy or satisfied ...

    I hade courses in Financial Mathematics, Statistics, Quantitative Methods and Valuation of Financial Derivatives, but I wouldn't say it was hard math. I hold a Bachelor's degree in Business Administration with a major in finance, there is no hard maths. That's why I had a lot of self study to do for my bachelor thesis:)
    #5 batman, 7/2/18
    Last edited: 7/2/18
  6. batman

    batman New Member

    I am really struggling to decide which path would be the right one.

    My belly tells me, go to Liechtenstein, it will be something "rare" on your CV and the programme looks quite interesting.
    My mind tells me, go for Essex, very good programme, the degreee is sought by employees, but keep in mind, it is not london, you will be a whole year in Colchester ... and the international reputiation of Uni Essex seems mediocre.

    I have like 1 week remaining, could realy need some inputs:) thank you soo much!
  7. bigbadwolf

    bigbadwolf Well-Known Member

    Lichtenstein. Essex is a joke of a university. And the London programs are also nothing great.
    batman likes this.
  8. batman

    batman New Member

    Do you speak from personal experience? Or why do you feel Essex is a joke?

    The only "problem" with Liechtenstein is, that their MSc is in Finance and not Quant/Comp/Math Finance. Looking at the jobs I have saved in my linkedin-profile indicates that with a non-mathematical degree I would most likely NOT land a job.

    But I guess, I could still go for a second MSc after Liechtenstein ... or is there any better option?
  9. bigbadwolf

    bigbadwolf Well-Known Member

    I lived in Essex for a number of years, though of course that's not germane. We discussed the Essex program here on this forum a number of years back, based on their website. It wasn't professionally done. The consensus seemed to have been that with a site like that the program itself couldn't be much better. Essex is a regional university of no particular import. The program will be "me-too" at best. If you're going for an English university go for something on the Russell list.
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