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mhe2

刚才在GD考古，发现几年前有同学问的问题以及情况和我差不多，附上一些回复，不太相关的我省略掉，同求further comment, 特别是红色字部分.

justme:

Hi people,

I'm a newbie!  I've been checking this website for months now and have found it very beneficial.  Today i'm hoping to receive advice that will help me decide whether an MFE program is right for me.

First of all, I do not wish to become a quant, or more likely a quant assistant to mighty Phd holders, because I hate the idea of doing programming all day (half of a day might be okay).  Will an MFE degree limit my options to only programming type of jobs in an investment bank? What are the short run and long run possibilites? I don't mind coding initially but just not forever.  

……

I know i asked a lot of questions but i'm really confused as to whether i should pursuit further.  Any help is greatly appreciated. Thanks!

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island-boy:

Someone correct me if I am wrong, but I'm pretty sure that a career after MFE will not necessarily be programming intensive (though you'll prolly do some programming as part of the job), some MFE grads go on to have careers in risk, funds, trading, etc.

and the truly quant and programming intensive jobs will be done by those with PhDs.

Again, these are just my impressions...someone correct me if I'm wrong.

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Propanol:

Island-boy,

I believe that your impression that a career after MFE will not necessarily be programming intensive. Structuring for one is not programming intensive. Neither is trading. There is also the option to go into equity research, portfolio mgmt, risk mgmt or other soft finance jobs, especially if one supplement a MFE with say a CFA.

I'm not sure if all truly quant and programming intensive jobs are solely for PhDs. Surely it is not inconceivable for some MFE grads to walk down that path.

It is my opinion that a MFE grad will be more versatile in the job mkt for two reasons:
1.) Availability of bridging qualifications in the industry (CFA, FSA/ASA, PRM/FRM)
2.) The argument that it is easier to teach MFE grad finance than to teach a finance grad math/programming.

My opinion is, of course, potentially biased since I’m starting my fin math program next week.


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Justme:

Propanol:
This is the original poster.  Thanks.  I'm definitely doing the CFA.  But between Mif and MFE, i picked MFE because it's mathematical and thus more interesting and challenging.  So in what ways can someone with an MFE supplemented by CFA have advantage over the not so technical folks in soft finance? The fields you mentioned: structuring, trading, equity research, portfolio mgmt, risk mgmt all sound very interesting to me.  Could you elaborate on those?

Others:
I'll appreciate if someone could further comment on island-boy's or propanol's statement, I would really like to know the short-run and long-run career possibilities of an MFE, specifically, whehter it'll lead to opportunities other than programming intensive positions (some programming is fine).  Thanks!

VogueHomme

structuring：有的要编程，有的不要但是要用软件，
trading：看用什么方法trade，专门有quant trader就比较quantitative了，如果是看基本面作交易的就不quantitative
equity research：这个一般都是基本面研究，研究公司所在的行业情况，公司的财务状况（要求会计和财务分析能力）等
portfolio management：跟trading差不多，看用什么方法作投资了，用数量模型的话就quantitative
risk management：这个好像不用公司，或者一个公司中的不同的risk group都不太一样的，有的人说做得很舒服，有的人则说压力大，不好说。。。

总之就是，单凭一个名字不一定就能断定根programming到底有没有关系，因为不少工种本身就可以有很多方法来做，可能quant也可能fundemantal。LZ想想自己做什么合适，喜欢做那种，然后有针对性地找那些方面工作。尤其是，既然是探讨MFE，那么想不想做programming-intensive的工作一定要想清楚

mhe2

谢谢楼上详细解释！

漩涡鸣人

顶一个，很是受用了。

beckford

搬个凳子,坐者看小朋友们谈quant

mhe2

搬个凳子,坐者看小朋友们谈quant

-- by 会员 beckford (2010/3/20 9:06:07)

前辈要发表一下意见不？

5august

搬板凳听

laraland

其实我基本不是很了解。。。还申了这个专业。。。囧
我就想去银行里坐坐。。。能做什么。。。汗

wallop

Which kind of research?

Research division always prefer the people who has strong ralative industry experience, such as IT.

FE just focus on quantatitive method which cannot cover enough field of knolwedge.

you also shoud better enroll the CFA program

mhe2

Which kind of research?

Research division always prefer the people who has strong ralative industry experience, such as IT.

FE just focus on quantatitive method which cannot cover enough field of knolwedge.

you also shoud better enroll the CFA program

-- by 会员 wallop (2010/3/23 22:49:14)

恩,准备明年边读边考lv2,如果光考了CFA,没有industry experience,能做么?