master in finance vs FE

[PanaVee]

Hello everyone!

I just registered here although i've visited a few times before because i have a question i was hoping you could help me with.

I have extensively read the structures of programs for Financial Engineering as well as Masters of Finance programs in the UK.As I have understood and please correct me if i'm wrong the MFE courses have a lot more mathematics as well as programming like C++...

My question is the following.What is the difference in carreer prospects between a Masters in Finance from a school like London Business School ( programme content here http://www.london.edu/education-and...e/programme-content/core-courses#.VHe5RNKsWxo ) or Cambridge ( http://www.jbs.cam.ac.uk/programmes/master-of-finance-mfin/programme-overview/core-courses/ ) and a Masters in Financial Engineering???

What i mean is what do you do at your everyday job in each case??? These programmes are considered very good and offer good salaries but they differ a lot from FE.

Thanks in advance.

 

[yetanotherquant]

Let us put it so: if you are able to do MFE (i.e. you have no fear of math), do it.
After the graduation it is much easier to learn the non-math stuff (accounting, regulatory requirements) with finmath background than to learn the basics of stochastic finance with non-math finance background.

Ideal would be an "optimal" mix of quantitative and non-quantitative finance since narrow-focused quants are currently less and less demanded.

IMO the realistically achievable "optimum" is something like FinMath (Shreve I+II), Programming (C++ in terms of Stroustrup's book, some R and VBA) and basic knowledge of accounting/IFRS

 

[PanaVee]

Thank you very much for replying.

I absolutely have no chance of getting into a very good MFE program.My last contact with mathematics was years ago.Why I am asking is because if having a good career in finance requires a MFE degree and a good MFin won't cut it then maybe it would be better for me to pursue something different.

It seems like a Mfin program from a good university would help you advance (along with other things of course since just a degree can't make you millions).I just don't understand what the competitive advantage of FE is over Finance masters.Why do such smart people choose a much harder degree like FE if they can move froward and make decent money with a MFin degree?

 

[Ken Abbott]

I think (I know, in fact) that most firms don't distinguish between different types of masters programs in finance. They distinguish between masters and bachelors and between work experience and no work experience.

 

[TehRaio]

Thank you very much for replying.

I absolutely have no chance of getting into a very good MFE program.My last contact with mathematics was years ago.Why I am asking is because if having a good career in finance requires a MFE degree and a good MFin won't cut it then maybe it would be better for me to pursue something different.

It seems like a Mfin program from a good university would help you advance (along with other things of course since just a degree can't make you millions).I just don't understand what the competitive advantage of FE is over Finance masters.Why do such smart people choose a much harder degree like FE if they can move froward and make decent money with a MFin degree?

look around on this forum.
you will find plenty of answers to that question.

 

[PanaVee]

Thank you very much Mr. Abbott for your input.Much appreciated

Yeah,I do look around the forum,there's quite a lot of useful info.

Thanks again!