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MFE/MathFin Admissions - Work experience issues

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MFE/MathFin Admissions - Work experience issues  [#permalink]

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New post 03 Dec 2018, 07:10
Hello all,

I am applying to MFE/MathFin programs this season and wanted to get an idea about the competitiveness of my profile:

GRE: 340 (Q: 170, V: 170, AWA: 5.0)
Undergrad GPA: 72% from a non-IIT engineering university (Among top 10-15 universities in India)
MBA from one of the top 3 Indian Institutes of Management (IIM) with GPA of 7.34 out of 10.
Work experience: Finance manager at a top global consumer products corporation, overseeing product pricing
Other credentials: Have passed CFA Level 2, FRM Part 1, and have a certificate in C++ Programming for Financing Engineering from Baruch College in New York City, and informal experience in MATLAB and R.

I am applying to Columbia MFE, Columbia MAFN, Carnegie Mellon, Baruch, NYU Tandon MFE, NYU Courant MathFin, Rutgers, BU, Fordham.

Roughly, what are my chances at these schools, given my credentials? Am I being too ambitious with my choices? Also, how much of a problem is my lack of relevant work experience going to be? Is it a deal breaker? Would really appreciate any insights.

Thanks!
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New post 03 Dec 2018, 16:26
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redrid wrote:
Hello all,

I am applying to MFE/MathFin programs this season and wanted to get an idea about the competitiveness of my profile:

GRE: 340 (Q: 170, V: 170, AWA: 5.0)
Undergrad GPA: 72% from a non-IIT engineering university (Among top 10-15 universities in India)
MBA from one of the top 3 Indian Institutes of Management (IIM) with GPA of 7.34 out of 10.
Work experience: Finance manager at a top global consumer products corporation, overseeing product pricing
Other credentials: Have passed CFA Level 2, FRM Part 1, and have a certificate in C++ Programming for Financing Engineering from Baruch College in New York City, and informal experience in MATLAB and R.

I am applying to Columbia MFE, Columbia MAFN, Carnegie Mellon, Baruch, NYU Tandon MFE, NYU Courant MathFin, Rutgers, BU, Fordham.

Roughly, what are my chances at these schools, given my credentials? Am I being too ambitious with my choices? Also, how much of a problem is my lack of relevant work experience going to be? Is it a deal breaker? Would really appreciate any insights.

Thanks!



Hello redrid

Congratulations on aspiration to pursue MFE/MQF program.

You absolutely nailed the GRE :clap:

Your application list is awesome :thumbup: there is no need to sell yourself short, you have great credentials, where CFA+PRM+ C++ from Baruch +MATLAB+ R, do make a difference.

I don't see a reason why you would not be admitted to all of them.

I urge you to check their websites, but as far I see (checked Baruch and Columbia) and know, working experience is not condition for admission.

If you had experience and job in quantitative finance, you most probably would not need MFE degree.

This is not MBA.

What kind of specialization, topics, research, you are interested in Quantitative Finance ?

It is obvious you want to be in or close to NY :)




Good Luck ! :cool:
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New post 04 Dec 2018, 05:54
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You have a good profile. Some of the top programs might ding your application, but you will get into a number of the ones you applied to for sure. Work experience is nice, but not as important as with an MBA program. With the reduction in Chinese applicants, you should be in a good position related to these MFE type programs as international students make up the bulk of their class size.
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New post 04 Dec 2018, 12:31
billionaire, thanks for the kind words. Really appreciate your opinion regarding my profile. I am mainly interested in sell-side trading; I have some experience in practicing trading as an independent day trader, but I am also open to risk management roles, since FO trading roles are not that easy to come by. Academically, interest rate derivatives are my area of interest, and I also wish to study stochastic calculus in more depth, as I have a decent background in vector calculus, partial differential equations etc. And yes, NYC is a good area for networking, although I am pretty location agnostic in terms of jobs after graduation. :)

MSFHQ Thank you so much for your insight. It's very encouraging to hear that some of the schools are within reach. You mention an interesting point: Reduction in Chinese applicants. Could you please elaborate on this? Why is this happening, and are its effects going to be felt this application season?
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MFE/MathFin Admissions - Work experience issues  [#permalink]

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New post 04 Dec 2018, 15:12
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redrid wrote:
billionaire, thanks for the kind words. Really appreciate your opinion regarding my profile. I am mainly interested in sell-side trading; I have some experience in practicing trading as an independent day trader, but I am also open to risk management roles, since FO trading roles are not that easy to come by. Academically, interest rate derivatives are my area of interest, and I also wish to study stochastic calculus in more depth, as I have a decent background in vector calculus, partial differential equations etc. And yes, NYC is a good area for networking, although I am pretty location agnostic in terms of jobs after graduation. :)

MSFHQ Thank you so much for your insight. It's very encouraging to hear that some of the schools are within reach. You mention an interesting point: Reduction in Chinese applicants. Could you please elaborate on this? Why is this happening, and are its effects going to be felt this application season?


Hi redrid

If you are location agnostic (before and after graduation ) beware that MFE Berkeley is probably the best program of its kind in the world. :cool:

After that I can add to your list Princeton University, Cornell University MEng-FE concentration, MIT, UCLA -Financial Engineering, University of Chicago-Financial Mathematics, all top programs, better ranked and better in every aspect than Rutgers or Fordham, for instance.

IMO, GTech Quantitative and Computational Finance and University of Washington Computational Finance & Risk Management, would also be better choice.

Don't worry, you will do a lot of stochastic calculus and PDE's all the time, during course :geek: :cool:

It will be all about application of math, stat & programming.



Good Luck ! Shoot for the best ! :fingers_crossed:
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Re: MFE/MathFin Admissions - Work experience issues  [#permalink]

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New post 11 Jan 2019, 08:28
[quote="redrid"]Hello all,

I am applying to MFE/MathFin programs this season and wanted to get an idea about the competitiveness of my profile:

GRE: 340 (Q: 170, V: 170, AWA: 5.0)
Undergrad GPA: 72% from a non-IIT engineering university (Among top 10-15 universities in India)
MBA from one of the top 3 Indian Institutes of Management (IIM) with GPA of 7.34 out of 10.
Work experience: Finance manager at a top global consumer products corporation, overseeing product pricing
Other credentials: Have passed CFA Level 2, FRM Part 1, and have a certificate in C++ Programming for Financing Engineering from Baruch College in New York City, and informal experience in MATLAB and R.

I am applying to Columbia MFE, Columbia MAFN, Carnegie Mellon, Baruch, NYU Tandon MFE, NYU Courant MathFin, Rutgers, BU, Fordham.

Roughly, what are my chances at these schools, given my credentials? Am I being too ambitious with my choices? Also, how much of a problem is my lack of relevant work experience going to be? Is it a deal breaker? Would really appreciate any insights.

Thanks![/quo
When did you score 340 in GRE? Did you score 340 in GRE in 2018? What is your name?
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Re: MFE/MathFin Admissions - Work experience issues  [#permalink]

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New post 11 Jan 2019, 08:31
Hello Redrid,

Did you score 340 in GRE in 2018? Are you from India? What is your name?
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Re: MFE/MathFin Admissions - Work experience issues   [#permalink] 11 Jan 2019, 08:31
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