UIUC MFE: Tier 1 or Tier 2 ?

[PrakharT]

Secondly, all of sudden, i mean, so many current or previous students just crowded into QuantNet to praise its quality....I mean, what does it really like. .....
thanks....

That is something interesting to note :P
But, UWCFRM is run by Department of Applied Mathematics and UW is world known for this department. I believe the program has to be promising. But yeah, so many reviews look more like a promotion strategy

 

[PrakharT]

You should rely over what you feel is the best fit for your academic and career aspirations in the long run (which includes the ROI from a program) rather than an artificial creation of hierarchy called tier. However, if you are looking to satisfy your conscience through ratification of the members here including me, you would be grossly disappointed to believe that UIUC MFE is anywhere near tier 1 or even 2 (If at all anything called a tier exists). UIUC is a very strong name for engineering, however I am not so confident of its brand value in the domain of quantitative finance.
I have heard good things about UW CFRM: both from students' experiences and industrial perspectives but I am quite bearish on UMinnesota. Kindly note that the conclusions are based on my limited knowledge of the above programs and I would be pleased to re-evaluate myself in the event of a larger field of information.

I know UIUC is not that a big name is quantitative finance, may be because it's new. Anyways, obviously it's lot more easier when you have all the results in your hand. But, this initial tuition deposit is quite frustrating. Imagine, my tuition deposit deadline for UIUC is Feb 15th ($2200) and till then, I am sure, I wouldn't even receive decisions on UMinn or UW.

 

[CarlKnight]

Hi,

I have recently been admitted to UIUC MFE. I know it's a new program and does not share similar reputation as Columbia MFE or Berkeley MFE or CMU, but as far as the university brand name is concerned, it is undoubtedly one of the best in the US?

But at present, I am pretty much confused about the program's future prospects. At Quantnet itself, the reviews are great. But, should I consider it to be a tier 1 program? Can we compare it with G'Tech QCF, Michigan's MFE, Rutger's MSMF, and UCLA MFE?

How about it's standing among programs like NYU-Poly's MFE, UMinnesota's MSFM, and UWashigton's CFRM? These are definitely cheaper programs and hence, I've applied in all of these. If I get admit to anyone of them, should I leave UIUC and join them?

My basic requirement is that I want to have the best option in terms of ROI.

Please help!

Hi,

I am also admitted to UIUC MFE and got my admission letter last week. Meanwhile, I am waiting for replies of other MFE programs as I have applied for about 11 programs.

The problem is, UIUC MFE program require $2,200 deposit to hold seat and the decision is supposed to made before 14th, February. I know UIUC has great brand name but UIUC MFE, which is tie 2, has many disadvantages. Now I am confused whether I should pay the deposit or I just wait for better program admission?

 

[PrakharT]

Hi,

I am also admitted to UIUC MFE and got my admission letter last week. Meanwhile, I am waiting for replies of other MFE programs as I have applied for about 11 programs.

The problem is, UIUC MFE program require $2,200 deposit to hold seat and the decision is supposed to made before 14th, February. I know UIUC has great brand name but UIUC MFE, which is tie 2, has many disadvantages. Now I am confused whether I should pay the deposit or I just wait for better program admission?

I am in the same scenario. It would great if you can elaborate disadvantages and also can you tell me which better programs do you think you can join leaving UIUC.. It would be great if you can help