Search results

Are all the segments in the video recent? I am connected to this girl on linkedin and it shows that she's been employed at GE capital since the end of last year.

The source is from the MIT MFin Class of 2012 facebook group. We have been more actively discussing this employment report than you have here. ;) We were really curious about some of these figures and want to clarify some things up. Although that group is a closed group for students of the...

The statistics is presented in a strange manner. I know of at least two students going straight to phD finance programs, and there could be more. Yet the employment report just lumped them into the "postponing job search" section. Someone in the class of 2011 just commented on the 30k figure...

If you check the SOA directory and filter by the names of large banks, you can see that there are quite some people that have switched from actuarial to quant (some list the MFE as the highest degree). I am looking to do the same thing - newly minted FSA, attending school for my masters next...

I have four years of actuarial experience since graduating from college. I am a newly minted FSA (just got it last week). I work in consulting, with experience mainly in life/health insurance but have also done a year of consulting for a bank on Wall Street on risk-based capital. I took the...

Not very worthy. Why would hedge funds want to hire actuaries when actuaries specialize in insurance? If you want to get into a hedge fund, go for a top MFE. I know a couple of FSAs that work for banks and funds, but many of them work in roles related to actuarial, such as liability-driven...

Don't major in actuarial science. It limits you on future opportunities for other fields. I would say take a focused curriculum in pure math, computer science and economics/finance. By now probably enough people have told you that an actuarial science degree is not needed for an actuarial job. I...

We should probably ask the program director to offer a C++ for finance class in the Spring semester. Not sure if it's going to happen while we are still there.

As many of you probably know, MIT students can cross-register to take classes at Harvard. After some research, I found that during the 2011-2012 academic year, the following "quanty" classes are offered at Harvard. Students in MIT's MFin classes can enroll in these if they find the current...

Many people actually think that MIT might get "over-enrolled" this year. Last year they admitted 83 and ended up with a class size of 58. This year they admitted 112 in both rounds. It's likely that more than 60 would enroll.

It's not necessary to have the paper published. Having conducted independent research will be good enough, especially if you can obtain a letter of recommendation from a professor that comments on your research talents. Here's the graduate student directory of MIT's Operations Research program...

An MBA with specialization in Finance does not go into as much depth as the MFin at MIT. The MBA curriculum is very general, comprised of courses in marketing, management and accounting also. The one-year course Analytics of Finance is specially designed for students in the MFin program. There's...

For trading options you can probably take a look at Financial Options: From Theory to Practice. It appears to emphasize the trading strategies.

If you have published papers in academic journals, that will help a lot. The important thing all graduate institutions look at is your ability to conduct original research. So if you have research assistant experience with one of the very well known professors, and were able to obtain a letter...

MIT's program is actually deficient in the programming component. Though the two semesters of Analytics of Finance are very quantitative, the programming component only involves using MatLab. An introduction to C++ course is only offered once a year during the winter break as a crash course...

As an MFin candidate you can take classes in the Operations Research departments, but not necessarily true the other way around. Some of the MFin classes limit enrollment to MFin candidates only. If you want an MFE-like program at MIT, go take Analytics of Financial Engineering I & II by Andrew...

Before applying to the Stanford program in December, I emailed them with some questions about GRE report submission and about the program. No one ever responded. I think they need better PR.

Talking about the placement stat for the second class, I spoke with one of the current students over the phone and he mentioned that he has secured an offer with the investment banking division of a BB. I am quite optimistic about the placement statistics of the current class.

Based on information I got from an applicant who was denied admission for round I, the decision letter stated that around 900 applicants applied and only 65 seats are available. I think the 900 is for both round I and round II combined, which is about the same as last year. For round I about 80...

Matt, I think Princeton's definitely better than MIT in terms of placement and curriculum. I wish I have the same choices as you do, but unfortunately I wasn't even able to get an interview with Princeton. MIT's curriculum is actually not as good for people who want quant focus. They have too...

Princeton is a lot of more selective and I wasn't even able to land an interview. I guess it has to do with the fact that I live right to MIT in Boston. :)

Thanks! The tracker's been updated by several members already to show some good news. Congrats to those guys as well!

The school just sent out an email saying that results are available for you to check online. Good luck!

So today is the day that MIT releases its decisions for round I applicants. If their procedures for decision release are similar to those for their round I MBAs last monday, applicants will receive an email after 5:00PM ET with the decision. With this information I hope would save applicants...

2/7/11

@weiwern - I took my first exam when I was a senior in college. The total combined travel time for me was 4 years for completion of all exams and then another 7 months for completing the remaining requirements (those modules, capstone papers and seminars). Yes, I did the SOA Investment track...

I was an actuarial science/finance major in college and am a fully-credentialed actuary. Now I am applying to master's programs for FE. I think through an actuarial science degree you can take some of the courses that are very useful for future FE studies, like calculus-based probability...

The MIT MFin program is easily the program with the most applications again and it would be interesting to know which employers hired their 58 graduates in the current class. Campus recruiting goes from September to December so they probably have some of that information if they want to share...

I haven't heard anything from Princeton either - no emails confirming receipt of all application materials or any other communications. It has been a month since we submitted our application, but it's holidays and adcoms were probably on vacation and haven't got a chance to communicate things to...

Interesting statistics. Only 73% of the class were seeking employment. A median salary of 75k seems pretty good given that the average age of the graduates is just 23. The salary figures of other MFE programs appear higher, but at the same time the average age of students enrolled in those...

12/9/10

None

The interview is conducted by phone only. They gave you a number to call at the scheduled interview time. Good luck and I hope you get an invite too. Do you happen to know around what percentage of those they interview will be given admission?

Yup. I am interviewing next Thurs. You?

So yeah like two, three hours ago me and someone I know received the interview invitation. The interviews are scheduled for next week. So I think you are right about them sending out invitation today - they are right on the 1 month mark. You should check your emails again. Can I ask what your...

I just asked another person who has applied and he hasn't heard anything either. If they bind themselves to the first week of December, then maybe it will be some time today or over the weekend. Which online chat did you attend? Did you happen to have taken a transcript of that chat?

Hi John. I have not heard from MIT yet. Do you know of anyone who got an invite? Based on last year's info on the tracker, application submission to actual interview is just 6 weeks. So I would imagine that they are starting to send out invite right around this time.

None

Don't Goldman and the other IBs also have a process of firing some x% of their employees every year? Isn't it an up-or-out culture where you either continue to move up in the ranks or out the doors? Can you be a career associate without getting promoted to VP? Is there any article about this...

NYU (Stern) Finance, Actuarial Science GPA: 3.80 Four years experience in consulting across banking, insurance and government Fellowship of the Society of Actuaries (near)

More on MIT MFin Since this is a thread on MIT, I would like to share some more information from one of the online chat sessions with those who applied, those preparing for round 2, and the others who are curious. According to the Sloan admissions office, new courses offered in the Spring...

I applied with 3.5 years of experience. My professors were actually very nice about writing my recommendation though they didn't remember a single thing about me except what grades I had in their grade spreadsheet. One of them actually had me sit down with him for a half hour chat and he was...

Second rounders can get their admission results within 6 weeks of application deadline. That's going to attract a decen tnumber of people to apply to round 2. I rushed my GRE, essays and recommendations to get them in by yesterday. Hopefully there's no disadvantage against second rounders who...

11/2/10

Sorry Andy, that my original question was not clear. What I meant to ask was - supposed I have a letter of recommendation from a professor who's a nobel prize laureate. If people from the admissions office do not know ("if") the name of this recommender, would they check to see who this...

I want to borrow this thread and ask a question - does the admissions committee ever check to see what publication history or educational background a recommender has? I would imagine the admissions committee be consisting of people specialized in admissions but not the adademic world. How would...

If you are concerned with the tuition cost, why not try applying to other schools? There was a recent post about MIT lending its students the full amount of tuition so they would not be paying anything until graduation. Also, the tuition for Baruch is lower compared with other master's programs...

I am in the process of putting together my application. You have to first create an account on the MIT Sloan Space. Then you can use the same set of account login to access your online application. https://mitmba.askadmissions.net/emtinterestpage.aspx?ip=mba_mfin_interestpage

There's no seat available until January? That many graduate school applicants are taking their exams in your city in the next two months? To maximize your chance of getting into a good program maybe you can study and retake the GRE in a neighboring city in the next month. GRE is only one part of...

Thanks, helpeye, for the info. Out of a class of 60 people, if 3 people still haven't found jobs since graduation - that's a 95% placement rate 5 months after graduation. Good luck with them paying back the 100k loan if they have taken one. However I believe the MIT Sloan name will still pay off...

His friend must have been lucky. Stanford's V/M/A percentiles are something like 84/94/50. With such low verbal and writing scores, she must have demonstrated superior math skills in her coursework. On the other hand, a writing score of 3.0 corresponds to the 10th percentile. So if you still...

Does anyone who has attended an information session for MIT's master of finance program, or one of those online chats, found any information on employment statistics for the class graduated in June 2010? I believe a lot of people are curious about this as well. With a tuition rate much higher...

Rishab, If you are taking the GMAT on October 26th, I don't think you will apply in time for MIT's mfin program. It takes time for the essay to be graded. The application deadline is November 2nd.

Or play blackjack. Sometimes you lose, sometimes you win, but overall you will make some money in the long run by law of large numbers. There was definitely a lot of excitement seen in the movie "21" that portrays blackjack team plays by MIT kids. There is also this phD in Finance from Stanford...

Andy - I have read a few times that you brought this point up, regarding people going into quant finance either out of interest or going after the quick money. If one is interested in both learning financial theories and in the higher income potential of the profession, should that be considered...

I just received an email earlier this morning that the application deadline for MIT's Master of Finance program is November 2nd, for Summer 2011 enrollments. Does anyone know if they only admit people for the summer or they allow some to start in the fall? Also a November application deadline...

@Princeton Man: If you are serious about becoming a quant, then don't spend too much time taking actuarial exams. I read your other post - it seems that you are thinking about attaining an ASA before applying. Beyond the 3 exams you have listed, the remaining exams to ASA are too insurance...

Please evaluate! .