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Starting to feel like an MFE degree is not necessary for quant finance

Indigo_

New Member
I have been spending a lot of time thinking what path I should take, such as what school to go to, what to major in, what activities to participate in college in order to build up my resume for a quant finance job. After looking through so many profiles of the MFE graduates, I noticed that many of them were international chinese students. If quant finance is such a lucratice career, why are a majority of graduates international chinese and not consist of a diverse student body? What if the international chinese students simply just have better applications than domestic students applying to mfe programs? It's obviously not because there's lack of talent in the U.S for quant finance, but because most domestic students with the talent aren't going into quant finance; Even if they were going into quant finance, they wouldn't pursue a mfe degree. I know many friends who got into top firms like Jane Street, HRT, and Citadel straight out of undergrad from top engineering schools like Stanford, Berkeley and MIT. They didn't need an MFE degree at all, nor did they need a PhD. As a domestic student myself, I'm thinking to myself why I would belong in an MFE program. After all, some MFE programs are just cash grabs intended to attract international students who don't have much options climbing the socioeconomic ladder. Some firms also having a hiring bias against MFE degrees knowing that some programs don't produce students who have good quantitative skills and that some students can't communicate in english properly. What if I study at a top school and already have the relevant skills? What if I instead pursue a graduate degree in a quantitative field that would interest me more and prepare me better for quant finance than an mfe degree? I just don't see how an MFE degree is valuable for me.
 

princeofbelair

Active Member
The main benefit of MFE programs is the recruiting. If you go to a top undergrad school and capable of passing the interviews then MFE makes no sense to go to. You can definitely get quant finance with other quantitative graduate degrees but the recruiting may not be as strong or just absent.
 

ZFL

Member
The main benefit of MFE programs is the recruiting. If you go to a top undergrad school and capable of passing the interviews then MFE makes no sense to go to. You can definitely get quant finance with other quantitative graduate degrees but the recruiting may not be as strong or just absent.
Seconded!
 
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