University of Oxford - MSc Mathematical and Computational Finance

COMPARE Oxford MSc in Mathematical and Computational Finance Admission Discussion

  • Thread starter Thread starter Khorge
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Hi QuantNet,

What are your thoughts on this program? I am deciding whether I should accept the offer and I would like your help.
 
Hello, congratulations! Do you need an UK working visa? If you do, the immigration rule is tough, US schools may be a better option. As you currently working as derivative trader, I personally think why not keeping this job. This program is for quant, and many quants eventually want to become trader.
 
Thanks for the reply - Australians get to apply for the "Youth Mobility Scheme" visa which allows us to work and study for two years. Not sure if this is enough for UK employers though!

As for the career side of things, I want to move from trading to quant! Quant seems more interesting to me anyway...

Does anyone else have an opinion?
 
Good to know you are from sunny Australia! I got a couple of colleagues travelling to UK for work last year, they all went back to Sydney by now as they can't survive the next UK winter :)

I am applying to this program as well. went to Oxford for interview on Wednesday, I felt I did very very bad. Couldn't remember some basic concepts. I haven't decided to go or not anyway. I am on working permit and don't want to shift back to student visa.

How did you feel during your interview?

Market seems quite tough in the UK right now. I held PhD in EE, kept trying to find a quant job these days but even difficult to get an interview. I am from China, as far as I know in 2011/2012 Oxford MCF class, only 2 Chinese students found jobs in London. I don't know others.
 
I did the math MSc at Oxford (not the MCF one). But I believe that the MCF has very good job placement. I believe that most of them do find jobs in London; mostly in Banks, few in HFs.
 
Khorge and zxsilver, how are you? I'd like to know more about oxford interview, could you share a bit? What kind of concepts do they ask? I suppose it's concepts from calculus, linear algebra and statistics, but I'd like to confirm it.

Thanks!
 
Hey, i received an offer for the stated course and i have to decide if i take the offer until the end of march. i would really like to complete a further research degree afterwards. i think i should be able to fund the MSc course but i dont know how to proceed with the funding of a research degree. since i am currently studying in germany, i am not familiar with the usual procedure regarding funding (we dont pay much). before i accept the offer i want to make sure that i am able to do the MSc and a research degree (even if not in Oxford but maybe London). could you give me any advice? how do you usually fund a research degree if you dont have rich parents? is it maybe stupid to accept the offer considering my plans (and my lack of money)?


thank you very much
 
From what I've read, the MSMCF isn't a research degree, but a taught masters. Did you consider PhDs in the UK? I know at Imperial there is a MRes+PhD programme which seems quite reputable. A DPhil at Oxford (or elsewhere) would allow you to take the MSMCF courses (it's stated on the website), whilst pursuing your research.

If you are an EU student there are competitive scholarships or fellowships that are available to you if you have an outstanding undergraduate degree.

You might want to talk to Oxford directly about your plans and whether it would be likely to proceed to the DPhil after the MSMCF.
 
yes youre right the MSCMCF isnt a research degree. i wanted to go on with a research degree (or phd) afterwards and i have also seen the MRes + PhD course at imperial which seems quite interesting but at first i would still like to do the MSc.
i have an appointment with the admission and funding office in oxford next week but i wanted to get some independent opinions, too.

i think my undergraduate degree is outstanding in the way that i have actually attended physics, applied and pure mathematics and some courses on economics and i have still very good grades but the admission centre for the MSMCF in oxford told me that their students "hardly ever" get scholarships. i dont know what the situation looks like for research or phd students.
 
Yes, masters students (especially for a professional degree) rarely get funding. They are one of the money-makers of a university. Having said that there are scholarships like the Clarendon scholarship http://www.ox.ac.uk/clarendon/about/scholarship-value-and-duration which are great for things like DPhils since they cover the length of the programme. You probably need to be top of your university to be competitive to get these. (I know that students from Australia usually have First Class Honors with the University Medal - these are awarded to the top graduating students (may be more than one per year) and many of them get such awards to study at Oxford.
 
Thank you for your answers. I have got another question about the MRes program at Imperial College. It seems very interesting to me and it actually fits my future plans. What can you tell me about such research master programs? In germany we don't have that, so I don't know what to think about. Is this a serious alternative to the MSc even if you don't want to stay at the university after your PhD?
 
It is a year of training, little coursework and preparation for the PhD. It is designed to be taken as the first part of the PhD. You can graduate from the MRes without the PhD but you don't end up doing many of the professional courses that you might do in Mathematics of Finance. The course outlines and assessment structures are all on the website.
 
I have seen the course structure but is it really a good alternative to a MSc? Is it reputable? I want to know how employers compare such degree to the usual MSc.
 
As I said, it is for the preparation of the PhD. An MRes without a PhD doesn't really make any sense. You should probably go for the MRes only with the intention of completing a PhD afterward.

An MSc is a 'terminal' professional (or academic, sometimes called MA (Master of Arts some places...)) degree. Usually industry is the aim of the MSc. Having said that many return for a PhD after a year or two in industry after an MSc.
 
2nd round results are out? Did u have an interview? I was reconsidered in the 1st round but haven't heard anything since. Chances are odd but still hoping to get an offer...
 
from ppl who attended this program, the career prospects from oxford for intel students r slightly brighter than bleak
 
from ppl who attended this program, the career prospects from oxford for intel students r slightly brighter than bleak

Actually looking at where people went 1 year after the program, most (like 90%) managed to land internships/FT/PhD positions - so its not that bad.

Also, previous work experience >> MSc brand
 
Hello all,

I read the Oxford MScMCF review on Quantnet which was posted approximately 1 year ago. It can be found on the following link:

https://www.quantnet.com/threads/review-of-oxford-mscmcf.17329/

I think it would be very useful for future applicants, but also for students on the 2015-2016 course if a similar review can be written this year. It gives students hints and tips to ensure the year runs as smoothly as possible, providing any warnings in advance. I was wandering if anybody who has just completed the course was willing to write such a review. I will certainly write one this time next year once I finish the course.

Could the more experienced Quantnet users (@Daniel Duffy , @Andy Nguyen , @Khorge, )
) ask Quantnet users who have just done the course if they are willing to write a review? I reckon you guys might know somebody who has just finished the course.

Many thanks in advance to anybody who has helped.

Regards,
Amraj
 
Hi did anyone apply for the Mathematical and Computational Finance program at Oxford? I received my interview invitation yesterday, the interview will be on March 6th. I heard the interview will be technical. Did anyone else receive interviews? Or anyone with experience knew how many interviews they send out and how many accepted? Thanks so much for your information.
 
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