AD!!!U OF MICHIGAN

fanylu

U of Michigan my dream school!!!

1987kevin

big cong!

dewyflora

以下是引用mikewang在2009-1-2 4:57:00的发言：

Exactly, the students of umich could go back to Hongkong or CICC is not the case of this year. This days, when you see someone who has just graduate or will be graduated soon, you ask them"how is the job seeking", they will tell you still seeking, and then they will told you " Maybe I will go back to China, to see if there is some opportunities in CICC, CIC, CITIC." This even including people from harvard, Columbia, NYU, from undergraduate to MBA, do you think is it easy to find a job in HK and CICC.  As I known, this year umich's chinese mfe has <10% rate who can secure a job after graduate. And chinese people in the program is not so much for 01/2008 graduation.   However, you can find this year it give so many admission. The reason is so obviously, it wants money. The Michigan state is where the big three car makers state. It lacks money. So it gives many chinese students admissions. Last even people from Shanghai jiaotong or Fudan with 3.5 will be in the waitlist. This year, you can see so many normal people has got the ad.

You can see this link: http://www.eol.cn/dongtai_3322/20080928/t20080928_329114.shtml

even guys graduate from Warton can't find a job. And he just graduate before Lehman was bankrupcy.

However, if you are a student who have a work authorization in US. I think a master degree from all the top20 or 30 school will help you to find a job.

灾年哪个学校都不好找工作，不过既然哪个都不好找，那又有什么区别……

花这么多银子，加不确定性，很有风险。前两年经济形势好的时候，大家可能还会觉得读金工的出来工作还不错，那时候多确定啊，可是那时的人谁会预料到今天？

其实我也不确定到底能不能找到好工作，我也很忐忑，我也不见得去这所学校，不过我确实觉得用今年这个特殊年份来作为参考实在是太过悲观

anyway，还是谢谢mike提供的信息

mikewang

hi dewyflora， recommend you the program of Chicago, much better than umich,cornell and columbia. For 2008 May, graduates of chinese students all find a job(except one has been layoff). Chicago has many hedge fund and trading firm, they just recruit people locally and they sponser your H1-b Visa. Even NYU and Columbia, UCB will not compete with chicago, because these school focus on IB, now IB is in the bad time in history. For new york city, now there is not much opportunities, almost every big company in NY recruit people in nyu and columbia will also recruiting people in other ivy school and in stanford, chicago. So for chicago, they can compete with other big school in NY, they can also stay locally.As my point of view, this is the best program for now.

hifenyu

The "quant" bubble already burst, it won't be a lucrative job anymore. It is not just a one-year situation, it would last longer than people expect. If you really like quantitative stuff, then go for a PHD. Or if you don't, then please don't let the vanity of working on Wall Street guide you to somewhere you are not likely to be interested in.

If you are thinking getting placed in China, the MBA degree would be more useful. 

ilexic

以下是引用hifenyu在2009-1-3 5:37:00的发言：
The "quant" bubble already burst, it won't be a lucrative job anymore. It is not just a one-year situation, it would last longer than people expect. If you really like quantitative stuff, then go for a PHD. Or if you don't, then please don't let the vanity of working on Wall Street guide you to somewhere you are not likely to be interested in.

If you are thinking getting placed in China, the MBA degree would be more useful. 

hifenyu, can I ask you a question.

Actually, U Michigan's MFE is not quite quantitative, and people can choose lots of courses from Ross, and according to insiders, lots of U Michigan's graduates did not go to quant positions, they landed on Global Marketing etc.

So, do you think it is viable for me to go to U Michigan's MFE program and aim at non-quant positions by choosing electives from Ross?

I think you understand my situation: there is no good msf program out there (except Princeton MFin...), I am a fresh graduate without W/E. And if I can find a good job back in asia after the U Michigan MFE, it will be much easier for me to apply for a MBA later if necessary (with the RL from Ross professors).

Thanks!

mrcharming

ilexic你的想法绝对可行。我认识几个umich就是这样做的，做IBD, accountant都有。 读MFE不一定要做quant。MFE只是一个degree，不会limit你的career path。你读过那些elective有那些方面的knowledge,再加上你的性格和兴趣和那些工作匹配的话, i don't see why you can not do that.umich在亚洲的声誉还是不错的，虽然现在亚洲市场也不好但你umich mfe毕业回国肯定比美国所有除princeton以外的msf更有竞争力。

mikivann

gap~~~lz哈牛！！！

恭喜啦

yikedami

以下是引用hifenyu在2009-1-3 5:37:00的发言：
The "quant" bubble already burst, it won't be a lucrative job anymore. It is not just a one-year situation, it would last longer than people expect. If you really like quantitative stuff, then go for a PHD. Or if you don't, then please don't let the vanity of working on Wall Street guide you to somewhere you are not likely to be interested in.

If you are thinking getting placed in China, the MBA degree would be more useful. 

1.即使现在市场不好的情况下，各IB的证券部门冻结了大多数的招人计划，如果有什么职位还在招人的话，那就是quant。（当然当然，市场上被解雇的熟练工也很多，竞争很激烈）

2.金融业是周期性行业，泡沫破裂很正常，下一轮繁荣又会起新的泡沫，然后再破灭。看到一个泡沫破裂就预言这个行业永远都不能东山再起，这个稍显武断了。（当然当然，关于各种复杂衍生品的存在是否有意义，一直都存在争论。至少目前仍有很多人坚持认为有意义，继续努力发展这个行业，至少在可预见的将来这个行业不会消亡）

3.数量金融PHD对数量金融有更深入的研究，这不代表实用型的master在这个领域没有用武之地。没有任何一个行业只靠PHD干活，也不是每个人都适合念PHD，也不是每个人都想走PHD的职业道路。

以上都是客观论述。至于我的个人意见，我认为数量化的进程在未来一段时期内即使不会继续大大发展，当前的数量化程度不会倒退。而当前金融行业的数量化程度就已经对从业人员的技术背景提出了要求。这种要求只会变得更基本，会变成每个想在此一领域从业的人员的必备素质。

至于最后一句话，如果目前想要回国就业，MBA更有用，这个不得不同意。因为国内目前的金融行业数量化程度还非常低。但是我个人认为，这正预示着未来巨大的发展空间和潜力。

对于正处于选择自己未来职业方向关口的师弟师妹，还是应该多听各方面的不同意见，然后结合自己的兴趣和特长，明确自己的职业规划（当然也不可能很具体，但是至少要有一个大致的方向）。未来永远都有不确定性，最终总是需要在信息不完整的情况下作出一个决策。但是决策之前尽量多掌握信息总是好的。还有眼光尽量长远些。

对于提供建议的师兄师姐，大家最好还是能区分客观事实和自己的主观论断吧，尽量避免误导。

[此贴子已经被作者于2009-1-4 1:28:38编辑过]

拒信飞来

以下是引用yikedami在2009-1-4 1:12:00的发言：

1.即使现在市场不好的情况下，各IB的证券部门冻结了大多数的招人计划，如果有什么职位还在招人的话，那就是quant。（当然当然，市场上被解雇的熟练工也很多，竞争很激烈）

2.金融业是周期性行业，泡沫破裂很正常，下一轮繁荣又会起新的泡沫，然后再破灭。看到一个泡沫破裂就预言这个行业永远都不能东山再起，这个稍显武断了。（当然当然，关于各种复杂衍生品的存在是否有意义，一直都存在争论。至少目前仍有很多人坚持认为有意义，继续努力发展这个行业，至少在可预见的将来这个行业不会消亡）

3.数量金融PHD对数量金融有更深入的研究，这不代表实用型的master在这个领域没有用武之地。没有任何一个行业只靠PHD干活，也不是每个人都适合念PHD，也不是每个人都想走PHD的职业道路。

以上都是客观论述。至于我的个人意见，我认为数量化的进程在未来一段时期内即使不会继续大大发展，当前的数量化程度不会倒退。而当前金融行业的数量化程度就已经对从业人员的技术背景提出了要求。这种要求只会变得更基本，会变成每个想在此一领域从业的人员的必备素质。

至于最后一句话，如果目前想要回国就业，MBA更有用，这个不得不同意。因为国内目前的金融行业数量化程度还非常低。但是我个人认为，这正预示着未来巨大的发展空间和潜力。

对于正处于选择自己未来职业方向关口的师弟师妹，还是应该多听各方面的不同意见，然后结合自己的兴趣和特长，明确自己的职业规划（当然也不可能很具体，但是至少要有一个大致的方向）。未来永远都有不确定性，最终总是需要在信息不完整的情况下作出一个决策。但是决策之前尽量多掌握信息总是好的。还有眼光尽量长远些。

对于提供建议的师兄师姐，大家最好还是能区分客观事实和自己的主观论断吧，尽量避免误导。

赞！！！