AD@ NYU financial math

Nero_Xu

呵呵·····我说，NYU的这个专业是全世界最好的。就业最好，课程安排和项目长度最合理。看看他们的faculty都可以吓死人。2008年和2010年的quant of the year， 分别是NYU的Peter Carr和Marco Avellaneda。09年的quant of the year是哥大的Emanuel Derman。光讲这个专业，世界最好的，没有之一。

失血精灵

恭喜恭喜 大牛啊！！！  不过个人觉得女生去做trader绝对需要勇气啊！

怜音

congratulations. NYU program is a real FINANCIAL ENGINEERING program, means there is a lot of quantitative stuff, but it's taught in (one of ) most practical way, so it's NOT a MATH program like rumored. every year the placement is about all you can imagine : quant, trader, sales, buy side quant analyst, quant trader, risk manager etc. remind this is financial engineering program, it's not prepared for anything other, there's still no related industry in China. if you want to get through IBD in china, you'd better seriously consider not to pursue this program.

to CorCorC: you don't need appreciate NYU. Definitely this is not the program helping you bluff to your grand mother or a Shanghai taxi driver.

怜音

courant is definitely not nr1 math. depart. in US... where is MIT/Harvard/Princeton?
finance - NYU is definitely not one of the top schools... For IBD, you have Wharton/Columbia/Chicago on the graduate level, for quant/trading you have MIT/Stanford/Princeton/Chicago. Undergraduate wise we are talking HYPSMW.

the program is okay, worse placements than berkeley and cmu. (Stanford doesnt disclose their placements, but the brand name will get you anywhere) Check the students resumés, you will not be many students going for BB. Most of them went to MM shops doing quant works - not to mention becoming a trader.

The school is overall okay and It's a good program, if you don't have other choices and don't hate coding, take it.

-- by 会员 infu (2011/3/11 17:20:59)

如果我们真的是HYP本科出来的，就不会申什么MFE了。。。申的都是希望通过读个Master来镀个金的。NYU的placement并不比Berkeley和CMU差，Stanford肯定比这三所要差。到最后找工作还是看这个项目的Career Service。Courant积极地帮助学生找工作，而且还争取到了一些Stern的支持。

-- by 会员 Psychohistory (2011/3/11 17:34:38)

Sorry I do have to disagree with you, at least to a certain extent.
For placement, there are four factors, the rate, the job, the company, the pay. Fill me in with more then we can extend the discussion.

The rate is comparably the same for all three I guess, Berkley would come first, CMU/NYU is on par.

The job, well, if we are looking for quants, then NYU would come before both berkley and CMU. They do place people into MM quant positions as I said. But the more prestigious title is trader, and perhaps even some tail risk within IBD. Last time I checked, didn't see many trading related job on their last year resumes.

The company. Stanford/CMU/Berkley have people going for GS/MS and the other BB:s. Even some hedgefund in a good year with good people. This don't happen to NYU, where the students are heading for MM shops...  

The pay. No doubt that We have Berkley > CMu > NYU. Stanford is unknown.

Lastly some comments regarding Stanford. Take a look at their students. They are all genius in math. These profiles are not as   diverse as Princeton / MIT profiles. But the students are definitely on par with P/M when it comes to previous credentials.  Some of them even trumps the average Princeton profile. With the brand name of Stanford on your resumé, I'm pretty sure Stanford trumps NYU in pretty much everything, perhaps not amount of quants though.

Brand name wise. If you did go to HYPWSM for undergraduate, you don't want NYU. If you didn't go to HYPWSM, you want HYPWSM for master.

just my 2 cents.

-- by 会员 infu (2011/3/11 19:08:57)

are you so sure about payment or placement you've told us? i wonder where you got your inside compensation infos for nyu.
AFAIK, nyu candidates do have people placed with GS/MS each year, or at least they have GS/MS offers declined upon receipt each year. Nevertheless, i think GS/MS are not a good benchmark, since they are not even the best investment banks in all affairs they matter.

怜音

工作后再跳槽，起决定性作用的自然是工作经历。

-- by 会员 dolphin926 (2011/3/10 16:11:43)

嗯有时申请好像很讲缘分，就觉得fit于是就不想别的了

-- by 会员 icing (2011/3/10 16:56:41)

i agree with you. the thing matters the most in school applications (or job searching) is 缘分. unfortunately people still are struggling with imposing a ranking on everything in the world.

怜音

courant is definitely not nr1 math. depart. in US... where is MIT/Harvard/Princeton?
finance - NYU is definitely not one of the top schools... For IBD, you have Wharton/Columbia/Chicago on the graduate level, for quant/trading you have MIT/Stanford/Princeton/Chicago. Undergraduate wise we are talking HYPSMW.

the program is okay, worse placements than berkeley and cmu. (Stanford doesnt disclose their placements, but the brand name will get you anywhere) Check the students resumés, you will not be many students going for BB. Most of them went to MM shops doing quant works - not to mention becoming a trader.

The school is overall okay and It's a good program, if you don't have other choices and don't hate coding, take it.

-- by 会员 infu (2011/3/11 17:20:59)

first, trader is not "the most prestigious" job in finance. some traders and other people do think this way, but this is not received by everyone. for example you still are a 操盘手 in a chinese civilization. in terms of compensations, traders may be still behind portfolio managers. likewise, investment banks are not "the most prestigious" in this industry. they are "financial services" providers or sellers. in a similar context of retail world, it's commonly said "consumer is god" or "consumer is your boss" (anecdotally in Singapore when you shop, sellers always start greeting you "hi boss"). definitely a seller can't be a god or a boss on the street. as a matter of fact, many "MM shops" (in fact i don't know what this abbreviation stems from..) are far more attractive in terms of compensations and work/life balance than IBs. of course you can argue they are riskier than banks, since most of them are small firms, but all depends on your taste for risks vis-à-vis rewards.

second, courant is not reputed for pure math, but number 1 in applied math hands down, more precisely PDE stuffs. math (including applied math) have so many branches that no single institution can stand out in all fields. traditionally number theory is considered for the center of pure math, but still some european universities are more authoritative in some areas than the US top schools you've enumerated here.

怜音

wrong operations, last post duplicated.. please delete or ignore this post.

icing

呵呵·····我说，NYU的这个专业是全世界最好的。就业最好，课程安排和项目长度最合理。看看他们的faculty都可以吓死人。2008年和2010年的quant of the year， 分别是NYU的Peter Carr和Marco Avellaneda。09年的quant of the year是哥大的Emanuel Derman。光讲这个专业，世界最好的，没有之一。

-- by 会员 Nero_Xu (2011/3/25 10:57:49)

Thanks for your comment. I have sent my deposit already, expecting fresh life in NYC.

easykg

呵呵·····我说，NYU的这个专业是全世界最好的。就业最好，课程安排和项目长度最合理。看看他们的faculty都可以吓死人。2008年和2010年的quant of the year， 分别是NYU的Peter Carr和Marco Avellaneda。09年的quant of the year是哥大的Emanuel Derman。光讲这个专业，世界最好的，没有之一。

-- by 会员 Nero_Xu (2011/3/25 10:57:49)

Thanks for your comment. I have sent my deposit already, expecting fresh life in NYC.

-- by 会员 icing (2011/3/29 12:09:01)

It would be a good decision for you for sure~ cong~

maysnowfly

呵呵·····我说，NYU的这个专业是全世界最好的。就业最好，课程安排和项目长度最合理。看看他们的faculty都可以吓死人。2008年和2010年的quant of the year， 分别是NYU的Peter Carr和Marco Avellaneda。09年的quant of the year是哥大的Emanuel Derman。光讲这个专业，世界最好的，没有之一。

-- by 会员 Nero_Xu (2011/3/25 10:57:49)

Thanks for your comment. I have sent my deposit already, expecting fresh life in NYC.

-- by 会员 icing (2011/3/29 12:09:01)

恭喜楼主，有个很完美的结局