What are your opinions about the MSCF of Carnegie Mellon and ETHZ UZH MSc Quantitative Finance?

xophe

New Member
Hello everybody,

I just want to get your opinions (or experience) with the MSCF of Carnegie Mellon and the MSc Quantitative Finance of ETHZ/UZH. How do you qualify their programs? What jobs are we eligible for after completing the masters? Where do alumni generally work in terms of companies and location?...

Thanks a lot for your answers and stay in good health.
 
I can speak about ETH from a european viewpoint, though I did not attend ETH, many friends will go there for their Msc in applied Math/Statistics. ETH is clearly a top school here, in quant finance probably top 4-5 (Along with Oxbridge, Polytechnique, Imperial...). From a non-uk perspective, it is way better than imperial, on par with Oxford I'd say, but in London Imperial may be ranked higher. I would definitely recommend this program to get a job in Europe.
As for CMU, it is really established in the US, though not really known in Europe. It has been discussed a lot on this forum so I don't think I have to be loo long about this one.
Mainly, both programs are among the best in their area, so the main difference is in the location. If you don't care about the location, I think CMU is more focus on CS and computational finance, while ETH learns you more finance.
 

Soccent

New Member
Life is much nicer in Zurich than in Pittsburgh.

You should know that it seems as if UZH - ETH QF is approximately 75% UZH and 25% ETH, if you look at the number of professors and the number of courses offered. Having said that, since the ETH Math department is one of the sponsors, you can probably get as much mathematical training as you like.

Whichever you choose, if you need a visa, I would start the visa process as quickly as possible in case the coronavirus causes delays in the appropriate country's processing your request.
 

Ozz

New Member
I made a similar decision last year between ETH QF and the top 5 MFE program in the US. I decided to come to the US (with a 60K loan), in one year I will be able to tell whether it was worth or not, but here are all factors that I considered.

From an educational point, I think there is not to much difference. I believe both programs would be challenging. Maybe ETH more theoretical, while CMU program more practical, but I really don't think there is too much difference.

From financial point ETH is free, but for living in Switzerland you will pay at least 22K a year, the program is 1.5-2 years so it is 44K. In US it will cost nearly 110K for me for a year, so while the difference is big in 10 years I don't think it will matter if you find job in US.

From a career point, I can tell that there are huge restrictions for working in Switzerland, I mean you even sign a paper that you will leave country when you apply for the visa. In the US there is OPT which is amazing and there is a big chance to get H1B again if you find job and if Trump doesn't cancel OPT. Additional point is that in the US there are much more quant finance/risk jobs than in Switzerland.

Whatever you choose it will be fine.
 
From a career point, I can tell that there are huge restrictions for working in Switzerland, I mean you even sign a paper that you will leave country when you apply for the visa. In the US there is OPT which is amazing and there is a big chance to get H1B again if you find job and if Trump doesn't cancel OPT. Additional point is that in the US there are much more quant finance/risk jobs than in Switzerland.
I have to say that these are my primary reasons for applying to the US programs instead of the top European programs such as Oxford and ETH/UZH.
 
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