• C++ Programming for Financial Engineering
    Highly recommended by thousands of MFE students. Covers essential C++ topics with applications to financial engineering. Learn more Join!
    Python for Finance with Intro to Data Science
    Gain practical understanding of Python to read, understand, and write professional Python code for your first day on the job. Learn more Join!
    An Intuition-Based Options Primer for FE
    Ideal for entry level positions interviews and graduate studies, specializing in options trading arbitrage and options valuation models. Learn more Join!

Physics to Finance...Help

physicsstudent

physicsstudent

Joined
7/16/08
Messages
3
Points
11
Hello All,
My name is Dan, I'm currently an undergrad/grad student at Stevens Institute of Technology. In May 09 I will be graduating with a B.Sc in Physics and a M.Sc in Applied Mathematics with a graduate certificate in Applied Statistics. My GPA is 3.8. I will also be getting a M.Sc in Financial Engineering in either January or May of 2010. My question is this: Is it reasonable for me to expect to get a job in quantitative finance when I graduate in May 09 before I have a M.Sc in FE? I ask because I have heard that people from physics and applied math get jobs in this field and I need to move out of my parents house...
Thanks,
Dan
P.S. - Any other general advice would be greatly appreciated.
 
It depends a lot on the state of the market at that time and the balance of demand and supply. It takes no genius to know that there are more supply than demand at this time and the near future.
Speaking of supply, people keep saying about Physics grads getting quant jobs on Wall street. It stems from popular reading such as "My life as a Quant". Some of the first quants were Physics PhD. It was because there was no MFE back then. Now, there are Math PhD, Physics PhD, MFE, and just about any other quantitative degree holders are recruited for quant roles.
Now back to your specific situation, in a good market, you can probably swing an offer or two. In this market, you may have to work harder.
I don't know which of moving out of your parent's basement or finding a job has a higher priority but it looks like you should start doing it now.
 
Back
Top