Baruch MFE Do i have a chance?

[MShalm]

recently i have come across the quantitative finance career path and became very interested, this is what i have always wanted to do but did now know how to what the career path was called. I always thought the closest i could get to it was by becoming either an actuary or a financial analyst. So ever since i graduated in January from Baruch, i have been trying to get a job (with little success) as an actuary or as a financial analyst.

Ive taken the first to exams (financial math and prob) and am taking exam mfe in a couple weeks. I graduated with a 3.467 overall gpa and a 3.84 (finance) major gpa. I feel pretty comfortable with financial engineering and from what i have seen it is something that can interest me and that i can easily understand.

I understand that admissions at Baruch are getting exponentially more competitive, but i still am very interested in getting a mfe degree from it soon. Do i have a chance at it? I regretfully did not do any internships during my undergrad and am having little success finding work now, but i do want to follow a quantitative career path.

If i have a chance, what should be my next step toward admission into baruchs mfe program?

 

[Connor]

The first next step would be to read many of the threads under Education. Admission requirements and preparation are discussed.

What does your background in mathematics and programming look like?

 

[Andy Nguyen]

Like any program, if you can afford the tuition, meet the requirements, just put in your best presentation and let the process takes its course.
Many people are unnecessarily scared off by the stats. It's an average indication and should not cause concern if your numbers are a bit below that.

 

[MShalm]

I know the admission requirements,

As for my previous math experience, in Baruch I took applied cal (did decently), integral cal (did poorly), theory of interest (did very well), elementary prob (did very well); out of Baruch, I passed the SOA Probability and Financial Math exam, Ive covered the MFE exam and know it pretty well. the topics ive learned include Black Scholes, Itos Lemma, Interest Rate Models, Brownian Motion, Monte Carlo, and Binomial Models.

From what I understand, work experience has a big affect on your admission into the program, and I have no relevant work experience yet. So should I wait a couple years until I do?

 

[Marko]

your call

No ones can tell you about your chances. You have to make it by yourself. If you can't make it or decide, leave the field and join the admin force.

 

[CGiuliano]

Did you take the GRE?

 

[npatel]

Hi, I'm in the same boat as you, graduated in May 2009 and can't find an entry level position. Positions such as financial analyst and actuary analyst require a bit of experience and maybe even an accounting background. MFE programs require certain math courses which you probably have, and knowledge in programming languages such as C++, SAS, matlab, etc. You'd have to enroll in courses or certificate programs that teach this and self study by buying one of those books listed in the "recommended reading" section of the forums.