Welcome.. I PM'd you.
Hello guys, I applied to MQF at SMU. I read that the 2d term is in London,UK. How long does it take to complete this term? Or, how many month did you spend in London and how many in Singapore?
I just received a call for an interview for the SMU MQF program. Any tips on what to prepare? The admission officer told me that there will be "Math" questions asked during the interview. Just wondering how tough that would be.
Anw, SMU is really efficient! I submitted my supporting documents this morning and I received the call in the afternoon. This gets me all hyped up!
Hi, I dont know about the US but Quant Developers are in increasing demand here and a lot of MFE people are being tapped for the same, especially in the good IB's based out of here [Singapore is a middle office hub]. What do you guys think about the quant dev career path? Is it a good option for MFE's given its actual quant dev in an IB and not some IT platform role? On a related note, I've found that MFE paths are getting constricted. Quant roles need a PhD minimum and getting trading roles with no experience previously is a joke. Any advice? Regards.
So to summarize - Not a great choice.
I'm especially interested as I'm graduating and the one thing going for me is strong C++ skills, which led to the QD job. I know you've been asked this a number of times, but with regard to the current market and the glut of finance professionals [MBA+MFE], what would you suggest as a good role to aim for amongst MFE grads with no experience in finance?
To give you an idea about the Singapore market [Half the discussion I have with classmates regards this so I can claim some knowledge of the same] -
1. Trading jobs are non-existant unless already close to front office.
2. Pure Quant analysis roles require a PhD minimum. Sometimes in a few cases i've seen, even thats not enough.
3. Most offers are for Dev/Programmer roles or core middle office such as the Risk teams in banks.
4. The min relevant experience cycle is almost impossible to break in this market as they prefer to take fresh undergrads in their grad programs for that rather than MFE passouts. We seem to be falling in a grey area between undergrads and MBA's.
What would you advise as a career path for someone looking to finally end up in a front office role [Cliched, I know, but isn't that the dream?]. Would a QD for a few years while looking be preferable or a middle office role at a Bank?
Alternatively, there are a number of software third party vendors recruiting MFE's for a variety of roles such as presales. Not sure if thats the way to go though.
I agree with the difficulty in separating trends from noise as it applies most in job selection. There's an awesome amount of noise generated regarding what looks good on the resume, most of which is crap. I'd appreciate a frank answer as to WHAT a fresh MFE grad should do?