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Life at Illinois Institute of Technology -MMF program

Discussion in 'Quant Programs' started by oathbreaker, 8/18/17.

  1. oathbreaker

    oathbreaker New Member
      C++ Certified

    Heloo All

    Great to see all of you!

    I am a current student of IIT Chicago -MMF course. You can ask me questions about the program. I will be helpful to answer your doubts. I love my School and program. So, Please, avoid bitching about other programs in the thread.

    I am more than willing to help you about the course.

    You can also find more about Life at IIT MMF at my Blog.
    Student Life at IIT Chicago -Masters in Mathematical Finance


    Please, post your comments in this thread.
     
    #1 oathbreaker, 8/18/17
    Last edited: 8/18/17
    Andy Nguyen likes this.
  2. ivendetta

    ivendetta New Member

    Hello,
    I have a question that is not very related to IIT MMF and I am really sorry if you mind me asking. Anyways I had my unofficial GRE results and these were V165 Q164 and I am really wondering if my subpar Quant score is going to stop me from getting into good schools. Would be very grateful if you give me some advice in general or from the prespective of IIT student.
    I asked the question in this thread, but havent gotten any answers yet:
    https://www.quantnet.com/threads/score-evaluation.31273/
     
  3. oathbreaker

    oathbreaker New Member
      C++ Certified

    Hi ivendetta

    This is how I will approach if I were in your situation.

    1. Select Universities, which you are interested in.
    2. Go to Tracker <tab> on this website.
    3. Analyze the GRE scores of the Seniors or Peers for the same course
    4. If you see, the scores are competitive then work on other parts of the application.
    5. GRE is one of the gauging factor, not the only gauging factor
    6. If you have good work experience, computational experience Recommendation letters, certifications or SOP to support that you have good analytical skill. I think that should suffice.

    Please, Let me know if you have any questions.

    Regards
    Kutala JayaPrakash
     
    Andy Nguyen likes this.
  4. oathbreaker

    oathbreaker New Member
      C++ Certified

    The blog is updated with Latest sessions happened in the past two weeks.
     
  5. oathbreaker

    oathbreaker New Member
      C++ Certified

    Hello Everyone

    The above blog is updated with one more article.
     
  6. Blue Berry

    Blue Berry New Member

    Are you going to continue the blog? It would be useful for students who are interested in enrolling in the program.
     
  7. oathbreaker

    oathbreaker New Member
      C++ Certified

    Hi Blue Berry
    I will continue the blog over the summer(May) but not now because my coursework is little hectic.
     
  8. Matt A

    Matt A New Member

    Hi oathbreaker,

    Thanks for creating this thread! I just got admitted to the MMF program at IIT. I am wondering how you think the program will suit someone who eventually wants to go into quantitative portfolio management someday.

    How is the internship term during the summer? How is the support for that? How are the courses overall? What is the reputation of the MMF program at IIT in Chicago?

    Thanks!
     
  9. oathbreaker

    oathbreaker New Member
      C++ Certified

    Hi Matt

    I am wondering how you think the program will suit someone who eventually wants to go into quantitative portfolio management someday.
    This program is a very decent program. Coming to jobs, it totally depends on your profile, your experience, and your skill set. But, Quant jobs are hard to crack. Professor T.Bielecki will refer top 6 students in his class for internships.

    How is the internship term during the summer?
    I don't understand this question. You can start your summer internship from May until August and can be extended as a co-op for next 6-12 months(depends on the company that hires you).

    How is the support for that?
    Internships totally depend on the skill set of an individual. We have a career management service catered to help students. I got my internship from career management. I think only a few persons get their internships from CMC. As I said earlier, it totally depends on your profile, your experience, and your skill set.

    How are the courses overall?
    Courses are tough. You have to spend at least 8-10 hours every day(even on Sunday's) to clear the courses with good grades. I have seen students fail in Stochastic calculus and retake class next semester. It is one of the toughest course in the program. Most of the students are from China. If you are not from China, be prepared.

    What is the reputation of the MMF program at IIT in Chicago?
    It is decent and you can check alumni profiles on Linkedin to get clear pictures.

    Regards
    Jaya Prakash Kutala
     
  10. Matt A

    Matt A New Member

    Thank you so much for the reply oathbreaker, that was very helpful. A couple more questions:

    So from what I understand obtaining an internship during the summer is quite difficult, especially for someone with no work experience like myself?

    If graduated students have a difficult time breaking into quant analyst roles, where do they typically end up working?

    Where did you work for your internship if you don't mind me asking?

    What did you like most about the program?

    Why did you choose this program?

    Would you recommend this program who is trying to obtain an entry level position as a junior quantitative analyst? Is it possible to obtain this position through this program?

    Thank you for your time!
     
  11. Mark Majd

    Mark Majd New Member

    My partners and I run a small cryptocurrency trading firm and we are interested in expanding into cryptocurrency options trading. We all have equity options trading backgrounds, but would like a mathematician to come and investigate the differences in adjusting an equity options model to cryptos. If you are interested in doing some hardcore work at a start-up, please email me at mam@bhwcapital.com.
     
  12. Daniel Duffy

    Daniel Duffy C++ author, trainer
      C++ Level 1

    What's the future of crypto? Is it not just one big bubble? I would say is that the math is the least of your worries.

    What's the underlying and who has it?
     
  13. Mark Majd

    Mark Majd New Member

    Right now, the primary underlying is BTC, but we would like to develop a model to allow us to price any requested options pair, as is being proposed on various different exchanges.

    As for the future of crypto, that remains to be seen. I could make an argument for a bubble as well, but that is irrelevant; the money that can be made when a bubble pops can be astronomical.
     
  14. Daniel Duffy

    Daniel Duffy C++ author, trainer
      C++ Level 1

    I'm out.
     
    bigbadwolf likes this.
  15. Ken Abbott

    Ken Abbott Managing Director

    Me too.
     
    bigbadwolf and Daniel Duffy like this.
  16. oathbreaker

    oathbreaker New Member
      C++ Certified

    Hello Everyone

    I have completed two semesters from IIT-MMF. If any newcomer has any doubts, can ask me here.
     
    Andy Nguyen likes this.
  17. Blue Berry

    Blue Berry New Member

    Updating your blog may be a good way to help potential students. Also, you could answer the questions Matt A asked.
     
  18. oathbreaker

    oathbreaker New Member
      C++ Certified

    Sorry, for the late reply, I didn't get time to respond because the coursework was very hectic for past one year.

     
    #18 oathbreaker, 5/10/18
    Last edited: 5/10/18
  19. oathbreaker

    oathbreaker New Member
      C++ Certified

    Hi Blue Berry

    Thanks for the reply. I replied to Matt post. Currently, I am working on my blog and will post it by tonight or tomorrow.

    Let me know if you need anything in specific about the course.
     
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