- Joined
- 6/17/11
- Messages
- 20
- Points
- 11
Hello everyone!
So I'm currently a sophomore B.S Mathematics student (junior in the fall) at the University of North Texas and I'm interested in becoming a quant (I think). Originally I had planned to become an actuary because risk management is what i'm interested in, but as I read more, I realized that actuaries have pretty much no place outside of insurance (I am interested in credit and liquidity risk as well as the risk-tailoring of portfolio decision making ETC). I had looked into becoming a quant a long time ago but didn't realize how heavy of an emphasis one could place on risk management. Am I mistaken in my decision, as in, do quants actually have a significant role in RM for large companies, banks, and even consulting firms for large-scale, high-volume individual investors of hedge funds? From what I've read it sounds like this is exactly what I wanted to do as an actuary, I was just mistaken about which career provided those options.
Finally, my grades are only lackluster (I have a 3.2). I hear that the graduate programs for MSMF are really competitive, but I was wondering, for example @UChicago, if I scored well on my GRE and had an internship, would I not be completely underwhelming on my application? If so, are there any schools out there with a solid emphasis on RM that have decent acceptance rates?
Thanks so much,
Jordan
So I'm currently a sophomore B.S Mathematics student (junior in the fall) at the University of North Texas and I'm interested in becoming a quant (I think). Originally I had planned to become an actuary because risk management is what i'm interested in, but as I read more, I realized that actuaries have pretty much no place outside of insurance (I am interested in credit and liquidity risk as well as the risk-tailoring of portfolio decision making ETC). I had looked into becoming a quant a long time ago but didn't realize how heavy of an emphasis one could place on risk management. Am I mistaken in my decision, as in, do quants actually have a significant role in RM for large companies, banks, and even consulting firms for large-scale, high-volume individual investors of hedge funds? From what I've read it sounds like this is exactly what I wanted to do as an actuary, I was just mistaken about which career provided those options.
Finally, my grades are only lackluster (I have a 3.2). I hear that the graduate programs for MSMF are really competitive, but I was wondering, for example @UChicago, if I scored well on my GRE and had an internship, would I not be completely underwhelming on my application? If so, are there any schools out there with a solid emphasis on RM that have decent acceptance rates?
Thanks so much,
Jordan