Imperial college london's Msc in Risk Management and Msc in mathematics finance

[smile]

Hi, I notice Imperial has two different programs. Anybody can comment on the difference between them, especially future
career path, admission rate, placement rate?

I checked the courses offered in Risk Management, many of them
are very similar with courses in mathematics finance. So, does thismean one graduate from this program still can do front desk job instead of risk management?

I am wondering the difference is not only between front and middle office. After all, one is under math department and one is under business school.....

By the way, the tracker system here has only Math Finance, no information regarding Risk management...

Thanks!

 

[michel]

Hej Smile,
I see that nobody answered you yet... So even if I do not know a lot about the differences in " future career path, admission rate, placement rate" between those 2 MSc. I can still give you my opinion (By the way I will probably go to the MSc mathematics and finance next year ^^):

My feeling is that the stronger your math education is (with respect to be applied to finance field) the easier it will be for you if you want to go on Front Office. As I know it, most of the French FO quant or trader come from highly math selective engineer schools (X, mines, Centrale, Supelec...). Moreover, a lot of people from the IC MSc mathematics and finance end up in trading after 3/4/5 years of quant job.

So if you like mathematics and finance, it is a quite sure path if you want to go to FO.

After that, I do not know a lot of stuff about the MSc Risk Mgmt and Financial Engineering of Imperial College, but as you say it, some courses are in common with the MSc MathFin.

If you find it relevant, admission ratio for mathematic department = 8:1 while for the business school = 6:1 in postgraduate
( http://workspace.imperial.ac.uk/planning/Public/stats_card/statscard_2010.pdf )

Finally, in my opinion, whatever MSc you choose, it's your personal skills that will make the difference.

Cheers

ps: For the tracker (IC MSc in RMFE), I agree, it will be great to create it

 

[Andy Nguyen]

Done, Imperial RMFE has been added to the Tracker. Please be the first ones to add to it

 

[smile]

Thanks. Michel and Andy.

I was asking because Imperial will allow you to choose two programs when you apply.
If you apply for business school, you can choose RMFE as 1st, and MSMF as 2nd choice.
But if you apply through science and engineering school, you can only choose MSMF as 1st choice and no any option from business school....(only nature science and computing..)

But anyway, based on Michel's data, if one fail on RMFE, i don't think he/she will have chance to be admitted to more competitive MSMF (especially as 2nd choice) ...I will go for MSMF as first choice