Find all School-related info fast with the new School-Specific MBA Forum

It is currently 27 Aug 2016, 09:26
GMAT Club Tests

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

Financial Engineering

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
Intern
Intern
avatar
Joined: 30 Dec 2005
Posts: 1
Followers: 0

Kudos [?]: 0 [0], given: 0

CAT Tests
Financial Engineering [#permalink]

Show Tags

New post 21 Feb 2006, 17:20
Hi Hjort,

I am going to graduate this semster with BBA in Finance and I am interested in getting into Financial Engineering. But before I apply I need to take some Calculus and programming classes which are pre requisites for many schools. And also I need to take the GMAT.
Right now I have a job offer as Business Analyst for Healthcare but they expect me to work for them for atleast 2-3 years. Is this work experience going to help me later on after Financial Engineering? I want to work as Derivatives Analyst or something related after FE. Or am I just going to get paid as a graduate with no experience (since I wont have work experience in Invest. Banking)?
Please Advice.
Thanks.
Intern
Intern
avatar
Joined: 31 Aug 2006
Posts: 12
Location: California
Followers: 0

Kudos [?]: 1 [0], given: 0

 [#permalink]

Show Tags

New post 01 Sep 2006, 19:34
So, your concern is that when you graduate with a Masters in Financial Engineering you will be low balled on your starting salary because your work experience prior to entering the Masters program was not directly related to Financial Engineering...

Well, heres the deal, most people who graduate from a Masters Program in Financial Engineering don't even work in finance, let alone have work experience working with derivative products. Here are the prior employment stats for the most recent entering class at UCB (one of the top 3 programs in the world)

Engineering: 14%
Marketing/Sales: 2%
Information Systems: 10%
General Management: 2%
Finance: 20%
Research & Development: 17%
Project Management: 0%
Consulting/Management Services: 8%
Planning: 2%
Education: 10%
Other: 15%

As you can see, 80% of the class did not work in finance.

Theres a reason that most people who do not have a Masters in Financial engineering have absoluty no experience with derivatives. The reason is that, derivative products are VERY risky, and VERY complicated. For these two reasons no company will let anyone other than someone with extensive specialized education even approach derivatives.

So, your experience as an analyst will not necessarily place you at a disadvantage. The skills needed for Financial Engineering are quantitative, prove that you are going to be the one to come up with the next big formulae and you will suceede.
  [#permalink] 01 Sep 2006, 19:34
    Similar topics Author Replies Last post
Similar
Topics:
Chances of an engineer at getting into Masters Financial Engineering dishant987 0 05 Feb 2016, 08:25
Experts publish their posts in the topic 2011 Best Financial Engineering/Math Finance Ranking daman 2 19 Sep 2011, 17:18
1 MS in Financial Engineering? GmatNY86 5 05 Dec 2009, 09:40
2009 Best Financial Engineering/Math Finance Ranking nink 15 13 Nov 2009, 08:57
5 Experts publish their posts in the topic Ms in Financial Engineering vs. MBA in Finance? GmatNY86 11 25 Oct 2009, 13:19
Display posts from previous: Sort by

Financial Engineering

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.