Can you tell me what is a garbage mfe program? Is it on the quant net ranking list? I am applying to mfe program this year and don't want to waste my time and money~
Any program outside the leading seven or eight programs -- CMU, Berkeley, Baruch, Princeton, NYU, etc. Employers tend to be sceptical of these programs and they are not their 'target schools.' Some of these second-tier programs do make an effort and try to 'up their game.' Others are thinly camouflaged cash cows for their departments and universities, and they don't have the resources or inclination to develop strong programs. In a winner-take-all society like the USA, going to a second-tier program essentially dooms you. Employers won't take you seriously. And the odds are you won't have received a quality schooling.