Worthwhile to have part-time MFE degree?


New Member
Hi all, nice to have such an amazing forum!
I'm currently financial software engineer at Bloomberg, and I've already have computer science master degree. And before that I have a couple years of research experiences (not math/CS/stat/finance field, though).
Thus in addition to coding skills, I also have research/analytics mindset and huge passion for math/stat. Also given my experiences at Bloomberg where I could access lots of financial resources, naturally I'm considering to take part-time MFE degree. (Also the company will pay a good amount of tuition for me as employee benefit)

However, right now I may not have a very clear career goal as most other MFE students (say, mostly want to be quant, but quant is also one of my top options), my whole purpose now is still to "dive deep" into financial industry because domain knowledge is super important if I choose to continue to develop at fintech.

So given my situation, a couple of questions:
1. If I only wanna "dive deep" into finance, or invest/prepare for my future career in financial industry, but without a crystal clear goal, would "part-time MFE" be a little bit "over"? I need to invest a huge amount of time.

2. I heard top financial institutions (funds like Citadel) would only hire math/physics PhD as their quant, is that true?

3. If I'd only like to be "quantitative developer" at top funds (like Citadel), but not actual "quant", would MFE be necessary?

4. In addition to financial software engineer, or quant, other career options in financial industry in a long-run?

5. Given my situation, what's my chance to get enrolled into Columbia MAFN or NYU mathematics in finance? (The only two that I found have part-time master degree)

Many thanks!


Well-Known Member
Baruch MFE has part-time - that's what I did. I actually really enjoyed it. I got to meet 3 full cohorts that I call classmates and I found full time employment at MS in the last year so had very low job-search pressure.