NYU MSMF NYU Mathematics in Finance Admission Results

[johndavid]

In my position, I can't make any statement that can be seen as endorsement of one program over another. I can only say that among the NYC-based programs, CMU has a good career services structure that works for them. Things like having regular mock interviews, resume workshop or a dedicated career person is rather basic component of business school but not many MFE programs have it.

Keep in mind the incoming class profile. If they are comprised of 90% students from China/India with no work experience, it will impact your experience in the program in a lot of ways.
These are the people you would spend majority of your next 2 years with so you want to feel comfortable among each other and have great relationships with. These are people who should have you on quick dials if a job opens up. This is your first and most important layer of professional networking contacts.

A lot of programs are similar in what they teach you but these subtle points are what makes one program great and another so-so.

Hey Andy, you don't feel comfortable with people from China/India with no work experience? or you don't have great relationships with them?

 

[Andy Nguyen]

Hey Andy, you don't feel comfortable with people from China/India with no work experience? or you don't have great relationships with them?

Are you serious?
Many programs are too homogeneous. Just look at the student profiles page of any random program.
Programs would do well to diversify their students pool and make sure they compliment each other. And it starts with making their program attractive to a diversified group of applicants, not relying on one or two large group of applicants with similar profiles.

 

[drtictac]

I agree with Andy. When you take too many students from the same country, they form small communities, don't interact with other students and still speak at the end of the two years they spent in the US a bad English. It is bad for the class and for themselves. If there were too many French people in a class, the problem would be the same. It happens that most international students come from India or China.

From a pool of 16 incoming students in NYU, 9 have names than sound Chinese/Indian, some of them are probably domestic. It looks pretty diversified in comparison to other programs.

 

[johndavid]

Are you serious?
Many programs are too homogeneous. Just look at the student profiles page of any random program.
Programs should do well to diversify their students pool and make sure they compliment each other. And it starts with making their program attractive to a diversified group of applicants, not relying on one or two large group of applicants with similar profiles.

Yes, I agree, we should diversify XX Construction Co. There are 90% Latinos.

 

[Pragyesh]

What a dilemma!
What made you so sure about CMU and now you are no longer so certain?
Do you feel comfortable with the info/research you have done about each program?

Since I was on the waitlist for NYU, the choice was between Columbia MFE and CMU MSCF and between the two CMU MSCF is by far the better program in terms of career services ( I was told by a couple of Columbia MFE alumni not to attend the program because of the lack of good career services)

But the opinion on NYU vs. CMU is very fragmented and alumni from each program seem to suggest that theirs is a better program. The main points that I am considering are:
1) Studying in Piitsburgh vs. New York ( I know that CMU has a NY campus but I want to study in a regular campus).` Staying in New York would allow me to network better.
2) Reputation on the Wall Street - Though CMU MSMF is an older program and has more alumni, NYU (as a university) has a better reputation.
3) Job profiles - Though CMU is very transparent about the placement, NYU does not publish detailed statistics. When I asked an admission committee member, I was told that such statistics are not available. Though, my research tells me that the placements at NYU are also great, I am not quite sure about the kind of job profiles that people land into.

Would be helpful if you had some info on the placement stats of NYU.

 

[Andy Nguyen]

All I read about NYU placement stat is via word of mouth. I mentioned this to those in charge there and we'll see if change is coming.

 

[Pragyesh]

All I read about NYU placement stat is via word of mouth. I mentioned this to those in charge there and we'll see if change is coming.

CMU MSCF alumni seem to suggest that CMU places more students in S&T roles while NYU places most students in quant roles. Are these claims correct as per the information you have?

 

[Andy Nguyen]

CMU MSCF alumni seem to suggest that CMU places more students in S&T roles while NYU places most students in quant roles. Are these claims correct as per the information you have?

The "S&T roles" is a misleading term. It does not mean CMU students more likely to end up as Sales and Trading roles. Or NYU students are more likely to end up in quant positions. With the lack of detailed placement information, I can't tell otherwise.

Both programs have the current students' names on their website. A quick LinkedIn search will clarify a lot of this issue. Time to hit the web and do some research yourself.

 

[finmathworld]

Hi Andy. I have applied to NYU full time. Replies from Melissa: Waitlist and still asked to wait for final decision. I have another offer from Rutgers MSMF. As I am currently outside US, I have to apply for VISA. In your view, what should I do? Should I go forward with VISA on the I-20 issued by Rutgers or wait for NYU? Any chances that the waitlist candidates still have a shot?

 

[Andy Nguyen]

Still no updates from NYU?
I don't remember seeing Waitlist from NYU in prior years so it's hard to say what the reason and solution for this.

 

[Andy Nguyen]

The Tracker still shows pending cases from NYU MSFM.
If your time is too far out of the average (in this case 90 days), you should have taken action. My advice is to look at the average time it takes from submission to decision. This number shows on the top of the tracker. When you are close to that number, prepare to contact them if you are too far behind in the process.

 

[Chashu]

I see two admits on the tracker

 

[Andy Nguyen]

Yes. Results should roll out quickly. If you got other admits, just contact them for quicker results.

 

[Bostonlover]

Usually results are released mid-March through mid-April, on a rolling basis.

 

[Andy Nguyen]

More are coming out. Check the Tracker

 

[Jingxuan]

congrates! but nyu make review decisions during their spring break ?

 

[wlfgngpck]

I'm one of today's admits. I'm surprised there have been so few released (or at least, so few reported on this website). But now the real challenge begins....finding a place to live in NYC....

 

[Jingxuan]

I'm one of today's admits. I'm surprised there have been so few released (or at least, so few reported on this website). But now the real challenge begins....finding a place to live in NYC....

well congrats~ living in manhattn is surely costly. many landlords there require a minimum annual income of over 50 times monthly rent, but there are still lots of students living there. I have been to NYC twice, as i know some students there live in queen or New Jersey. maybe it's not a big problem, you can always find roomates and bring the rent down to around 300 to 400 each month.
btw, would you mind share your background? like gre, gpa, working experience, ... ?

 

[wlfgngpck]

I don't mind sharing my background, but it's probably a bit nonstandard and therefore not very helpful to anyone here. But here goes...

Undergrad (Brown University): Bachelor of Science in Math (GPA: 3.80/Major GPA: 3.86)
Graduate School (UCLA): PhD in Math (GPA: 3.84)

I have done considerable self-study in financial math (I've completely worked through Shreve II and Joshi's book, and have completely worked through about 2/3 of Hull). I've also TA'd the math for finance course at my current graduate school (using Hull's book).

The GRE requirement was waived for me because of the PhD, and I have no work experience in the field at all.

Regarding housing, I will be moving with my (soon-to-be) wife, so I guess I already have a roommate haha. We live in LA right now and the rent is already insane....and then I look online and NY prices are in many places double the rent or more!

 

[Jingxuan]

I don't mind sharing my background, but it's probably a bit nonstandard and therefore not very helpful to anyone here. But here goes...

Undergrad (Brown University): Bachelor of Science in Math (GPA: 3.80/Major GPA: 3.86)
Graduate School (UCLA): PhD in Math (GPA: 3.84)

I have done considerable self-study in financial math (I've completely worked through Shreve II and Joshi's book, and have completely worked through about 2/3 of Hull). I've also TA'd the math for finance course at my current graduate school (using Hull's book).

The GRE requirement was waived for me because of the PhD, and I have no work experience in the field at all.

Regarding housing, I will be moving with my (soon-to-be) wife, so I guess I already have a roommate haha. We live in LA right now and the rent is already insane....and then I look online and NY prices are in many places double the rent or more!

oh that's quite strong background. indeed the housing cost is very much in NYC but you only need pay the rents for one year and a half before getting a job. or you might land on a quant job on the street before August and defer the semester for one year, or do it part time....