:-kYes Columbia and Chicago universities are offering online certificate courses on Fin Engg
Milk that cashcow !!! That's more than the tuition for a semester at Baruch.Also impressive is the cost per three credit course of about $4,000!!!
If you can tell me why you want to do an online version of the degree instead of the traditional one, I will be able to tell you pro/con of the two approaches.
As for the online versions between those schools, it will depend on what you want to do with it. Most people here haven't heard of the online versions and I'm not sure how the firms/recruiters/etc will react when they see someone graduate with an online degree.
Then, there is question of whether the online program is accredited. Most are not. How they are regarded compared to the traditional ones ? Probably not very highly.
The biggest benefits of doing a traditional program are the networking opportunities and the career service that the program provides.For Working Professionals On line courses will be convient though they are expensive right?
Most of thse courses are acrredited..but they may not be that popular in recruting arena as you mentioned.
The biggest benefits of doing a traditional program are the networking opportunities and the career service that the program provides.
After you get the online degree, then what ? Are you able to tap into the alumni network ? Since you have no face time with anyone in the program, networking is NILL.
I've looked into online courses and am considering them. Columbia's has a lot of appeal to someone like me, who is midcareer. I can take courses both online and in campus and the degree is indistinguishable from the more normal ones. Plus, it's a lot easier to get into than the traditional programs.
Of course, you give up the networking which for me is not a big deal but for others it may be.
The degree you get is the same as the traditional Columbia degree, nothing in it says it is online. So it's as good as any other Columbia degree in terms of getting a job. But if you are not already part of the industry I am not sure I would recommend it since you miss on the very important networking aspects.
To be clear, I think online or distance programs make sense only to some people. Someone just starting or trying to change careers probably will be better served in a traditional program.
Having said that I should point out that too much emphasis is placed on these rankings. Even among well-established careers paths, like business or law, the rankings are pretty ridiculous. Yes, Harvard Business School is better than some regional college but does anybody really think there is a measurable difference between every institution? I know plenty of people who go to NYU's part-time MBA program rather than apply to Wharton or HBS because, since they already work in investment banks, there is little net benefit from going to the higher ranked institutions.
With respect to the quant world, I am not a quant but have worked on securitization for years. I just turned down a job offer in CDOs. I have both been interviewed and conducted job interviews many times and I have never discussed the school someone went to or been asked about it. Once you have even a little experience all most employers care about is what you know or have done.
Columbia's online MFE degree is from that University's Engineering Dept. It does not say anywhere in the title that it is online. Unless you tell an employer he would never know. The title is different from the traditional one, though. The online gets you a MS in Oper Research: Methods in Finance, the other is an MS in Financial Engineering and both are from the Dept of Industrial Engineering and Operations Research. Since the online program allows you to take any course you want in campus (if you live or work nearby obviously) the end result is that you can take exactly the same courses as the MSFE program if you want, something you can always mention in an interview, should it ever come up. What's great about this program is that it allows you to take courses online, in campus, or any combination you wish.