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Seeking Advice

Oporichito

Joined
6/18/13
Messages
8
Points
11
Hello Everyone,

I am planning to start an MFE program coming fall in one of the top schools. I have an advanced degree in statistics but not much work experience. What kind of jobs am I suitable for? Given my strength in Stats, what should I target? I would love to hear from the veterans in this field.
 
It really saddens me and is quite precarious when people pursue academic programs without a coherent plan as to what they intend to do with the degree and why are they pursuing it. Why don't you ask the MFE team of your program or just apply to all opportunities and pick the one that seems most fun and lucrative to you ?
 
Or may be I have some plans of my own, but also would love to get opinion from others. Is that possible?
 
The good news is that your stats background really makes you a good fit for a lot of roles.

Depending on whether hedge funds recruit at your school, you may be able to go into research for one of the quant funds out there. These jobs are not easy to land, however.

The Chicago prop shops would also be interested in your background. You may not even need an MFE if you have an advanced stats degree and know some R.

I can echo some of @moretodo 's points on having a plan, but I'm a bit more nuanced and pragmatic about it. Here is what I'm asking for:

1.) Know what you don't want. (This may be your old job.)
2.) Have a general sense of the direction you want to head in. (this will guide your course selection)
3.) Have one job in mind that would be relatively easy for you to get upon graduation that you would prefer more than your old job.
 
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