I read with interest the Michael Page documents you had forwarded last week, and they sparked an idea about a possible course for our program.
We currently offer refresher courses to prepare new students for the challenging material ahead, but how about an intensive one-semester review course (during the student's last year) to hone critical skill sets and to reinforce the most salient financial engineering concepts? In essence, this would be the program's capstone course. I think it would be a great way to help ensure the students' core competencies and their readiness for interviews and the workforce, which in turn would only serve to enhance further our program's stature among recruiters and potential employers.
Perhaps the current capstone course (MTH 9903) could be offered instead as an elective thesis for those who wish to pursue a doctoral program or specific research interests.
bresnick said:With all due respect, I disagree with this idea on both fronts.
First, I don't think it is necessary to have a class to review other
classes. You can just go back and review your notes for that.
Second, I think the capstone is a great way for students to take what they have learned and do something innovative. In my opinion if you can't take the knowledge you've learned and use it as a tool to create something new and unique, than you may as well have learned nothing. Doing away with the capstone would be a real mistake.
Dmitry said:More questions than answers, unfortunately... It is hard to tell how innovative or unique or marketable the capstone projects really are. I can't really judge, since I have never done one, and I have not seen any other students' projects, although it would be interesting to track the fate of these projects. Also, what is the big goal here? If it is to learn new things in order to get a job, then the last class should be more real world oriented than theoretical. I could suggest learning how to use Bloomberg and numerous risk management applications with a programming part or honing interviewing and presentation skills. From my experience, it is not the smartest candidate who gets the job most of the time, but the most well rounded and certainly the best presenter.
Does anyone know what is the experience of other schools with the capstone like classes? Is it mandatory or elective?