Where is the value in lower tier MFE programs?

J

joshnyc

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What type of person is right for the BU, NYU-Poly, Stevens, IIT level programs?

These schools charge a lot of money and yet a lot of people apply and enroll in these programs. Students are piling into MFE programs and there is tremendous competition for jobs. For what type of person do these programs offer a positive ROI? If a person graduates at the top of his or her class in one of these programs, can that serve to bridge the gap to the elite programs?

I'm trying to find the value here. Thanks.
 
The same value as lower tier MBA programs: You get jobs just "lower tier" jobs on average. So say 15 students from CMU end up in Goldman, CS, JPM, MS, etc; maybe only 2 from a lower tier program will. The rest will find jobs in smaller banks or funds; jobs not attainable without an MFE of sorts.
 
MRoss said:
The same value as lower tier MBA programs: You get jobs just "lower tier" jobs on average. So say 15 students from CMU end up in Goldman, CS, JPM, MS, etc; maybe only 2 from a lower tier program will. The rest will find jobs in smaller banks or funds; jobs not attainable without an MFE of sorts.
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I disagree.

If you already have a job and are going to grad school part-time only to learn the material, which school you attend probably won't matter much.
 
Ken Abbott said:
I disagree.

If you already have a job and are going to grad school part-time only to learn the material, which school you attend probably won't matter much.
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So for someone who cannot get into a higher tier program and does not already have a job there is NO benefit?

I think we are both right. :)
 
MRoss said:
So for someone who cannot get into a higher tier program and does not already have a job there is NO benefit?

I think we are both right. :)
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Yes, I think they can both be true. I thought you made some good points.

The question of whether there is a positive ROI for someone without a job is a tougher one. That is how I define value. Of course, the answer to the question depends on the individual.
 
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