some additional info about rutgers for those interested
FYI, I got this from the GD forum:
"I am a current student at Rutgers Mathematical Finance .... i can answer most of your questions quite fairly .. i did post in other threads also if you would have used the search button you would have found most of the details anyways .. here are some details ...
As i am an Indian most of my interaction is with Indians here at Rutgers so my answers may be biased towards Indians..
We have only one Indian Senior and this is his last semester and he is still looking for a job. He did his internship(paid) in some hedge fund in NY. I do know a couple of other people but they were Maths PHds and are very well placed either in London or in NY. The Senior had interviews with all most all Big I banks and some small hedge funds and interviews are going on .. ( 2nd round, 3rd round etc) but still he has no offers. Other thing he told was in interviews he is being grilled on hard core C++ and he is really not looking out for that kind of job with so much coding involved... Thats all about our previous seniors ..
Now about current students....
About the course :-
Its still in developing stages. The thing is there is yet no separate department for Mathematical Finance Students so are in Maths Department. Now we take courses such as Numerical Analysis and Regression ( Stats Dept ). these course are very important but how we implement these courses as a Quant is not much clear. I am not sure about other universities but i feel application of these courses in Finance should be taught in these courses as well. Anyways things are changing. We have new courses in next semester which will be taught by industry professionals and which are much more relevant. This fall also we had a course on computational finance and it was taught by a street professional ( Prof Atkin) .. More details are on the website .. Also we have option of taking courses from nearly any department and also business school.
We do have info sessions from all I banks specifically for Math Finance students also. People came from different quant research groups.
Rutgers is a big university and nearly everyone in the industry knows Rutgers. I have yet to see any I banks not coming to Rutgers to recruit. As of now they come for CS/ EE graduates but we took advantage of this and all of us have interviews lined up for internships.
Morgan Stanley, Bloomberg, Goldman, Barkclays Capital, blackrock, Citi etc .. companies come late here ( feb and march ).
But the thing is these internships are not exactly quant internships but they can take you to quant groups once you get the intern. In the last interview one of us asked the interviewer that how would we be placed in the company. The interviewer told us that they have quant groups and they will put us with those goups 'if' we get hired. Same is the process for other banks also. They are quite happy to put us under quant groups. So we did take advantage of on campus hiring. As of now i haven't heard many poeple got calls for off campus interviewing except for one or two ( we are 9 of us here ).
The Course director is also working very hard for industry contacts. We have a major advantage here that is alumni in I banks.. and most alumni do try to bring their companies for campus hiring. You need to work hard but getting the jobs would not be as difficult . You will get interviews as you get in other schools so its up to you to crack it. Being close to NY ( only 45 min to Manhattan ) has its advantage and as miniarcade said in previous post if you are resourceful and ready to put in an effort coming here would not be a waste.
I think this will answer all your questions and still if you have any doubts send me a mail or just post here i do sometimes browse this y forum. And if you really decide to join Rutgers ( that is you didnt get an admit from any other Big schools) come prepared. If i were you and i had an Admit from schools like Claremont , IIT, or others i would definitely come to Rutgers. That being said we do have a transfer student from Claremont.
Course are very very tough and and i have seen people leave or get very bad grades. That do hurt in times like this. Right now in the class we have lot of PHDs ( Maths, Stats, Physics ) and its really not easy to get good grades but none the less its very challenging and i do personally enjoy the experience. Come prepared, brush up your MATHS .. Best of luck to all .."