or Connect
Styleforum › Forums › Culture › Business, Careers & Education › The MBA Thread
New Posts  All Forums:Forum Nav:

The MBA Thread - Page 74

post #1096 of 1103
Quote:
Originally Posted by venividivicibj View Post
 

I do realize this is the MBA thread, but does anyone have any insight on the MFE (masters in financial engineering) degree? Seems to be gaining some popularity. 

Depends on the school and the location. I am a big fan of MSc/MFE level degrees, although they don't have the salary bump you find with an MBA.

post #1097 of 1103
Quote:
Originally Posted by MSchapiro View Post
 

Depends on the school and the location. I am a big fan of MSc/MFE level degrees, although they don't have the salary bump you find with an MBA.

 

I guess what I meant is -  Do jobs value this degree?

 

(Because obviously you would learn more in depth, while an MBA is more of a general overview)

post #1098 of 1103
Quote:
Originally Posted by venividivicibj View Post

I guess what I meant is -  Do jobs value this degree?

(Because obviously you would learn more in depth, while an MBA is more of a general overview)

Depends on the field you want to go into I suppose. I doubt anyone would care if your applying for IBD or MC other then maybe getting you the interview as it shows intelligence. It's not like you're going to use martingales in excel. They might value it more in trading, but again for most roles your never going to need that high level math. I mainly hear about people with Phds in math or statistics taking it so they know how to apply what they know in a finance setting. On that subject have you learned math to a high enough level to do an MFE? The imperial MFE requires a fairly high level of maths mainly analysis, probability theory and they prefer you can code as these are kind of the basis of starting stochastic calculus/analysis, which is how you price options, which is what MFE programs seem to be about. I wouldn't really do an MFE if you didnt want to be a quant.

Your not going to get the kind of recruitment possibilities people with MBAs have. I did a BB SA internship with someone with an imperial MFE.
post #1099 of 1103
Quote:
Originally Posted by venividivicibj View Post
 

 

I guess what I meant is -  Do jobs value this degree?

 

(Because obviously you would learn more in depth, while an MBA is more of a general overview)

Some specialty jobs will. You stand the chance to make good connections as well. I know a handful of people who went to a hedge fund after getting their Imperial MFE.

 

That said, does your average corporate care? Not really. Maybe you can argue it in place of needing an MBA in the future, maybe not. On a personal level I think my masters has given me a huge edge over a lot of my peers when it comes to domain knowledge, but that doesn't really translate into much tangible gain. 

post #1100 of 1103
Quote:
Originally Posted by MSchapiro View Post

Some specialty jobs will. You stand the chance to make good connections as well. I know a handful of people who went to a hedge fund after getting their Imperial MFE.

That said, does your average corporate care? Not really. Maybe you can argue it in place of needing an MBA in the future, maybe not. On a personal level I think my masters has given me a huge edge over a lot of my peers when it comes to domain knowledge, but that doesn't really translate into much tangible gain. 


Do you find this has helped you at all in UK interviews? I've never been asked any technicals. Most technical question I've had is to write buy/sell recommendations on british super markets. I've heard in the US they actually ask you questions about models in interviews, but in the UK everything always seemed fit based and motivational.
post #1101 of 1103
Quote:
Originally Posted by fuji View Post


Depends on the field you want to go into I suppose. I doubt anyone would care if your applying for IBD or MC other then maybe getting you the interview as it shows intelligence. It's not like you're going to use martingales in excel. They might value it more in trading, but again for most roles your never going to need that high level math. I mainly hear about people with Phds in math or statistics taking it so they know how to apply what they know in a finance setting. On that subject have you learned math to a high enough level to do an MFE? The imperial MFE requires a fairly high level of maths mainly analysis, probability theory and they prefer you can code as these are kind of the basis of starting stochastic calculus/analysis, which is how you price options, which is what MFE programs seem to be about. I wouldn't really do an MFE if you didnt want to be a quant.

Your not going to get the kind of recruitment possibilities people with MBAs have. I did a BB SA internship with someone with an imperial MFE.

 

I have the math background, I currently do Credit Risk, but wanted to go into the Buy side (analyst)/  or be a portfolio manager. Currently doing the CFA curriculum, but was thinking about a MBA/MFE afterwards.

post #1102 of 1103
For most buyside roles I would think an MBA would be better just because of the stronger recruitment. Unless you want to do something specifically quant at a hedgefund I don't think you'd have much benefit from an MFE.
post #1103 of 1103
Quote:
Originally Posted by fuji View Post


Do you find this has helped you at all in UK interviews? I've never been asked any technicals. Most technical question I've had is to write buy/sell recommendations on british super markets. I've heard in the US they actually ask you questions about models in interviews, but in the UK everything always seemed fit based and motivational.

No. UK interviews are honestly weird. It was a massive help at US interviews where even if they don't ask purely technical questions deep market knowledge is a must. Also the cultural understanding and experience one gets from truly studying at an international school has been very helpful dealing with international teams.

 

But really, you will never have another time in your life that you can just live in another part of the world and interact the way you do at B-School. With the GBP down a UK masters is very fairly priced.

Quote:
Originally Posted by fuji View Post

For most buyside roles I would think an MBA would be better just because of the stronger recruitment. Unless you want to do something specifically quant at a hedgefund I don't think you'd have much benefit from an MFE.

You may know this better than me or it may be different in the UK so I'm more than open to correction, but I don't think that would be the case.

I'm not sure an MBA would be useful to a large chunk of the buy-side unless they had prior finance experience. Analysts with an MFE or similar can come in at cheaper and do a considerable amount of the same work. Credit Risk background + MFE from a good school does sound like a potential buy-side career in the making.

New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: Business, Careers & Education
Styleforum › Forums › Culture › Business, Careers & Education › The MBA Thread