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I think if your goal is working somewhere other than Wall St, or a Wall St-type firm, then you'll do just fine going to any decent program.  After all, its the knowledge you crave.  Though, I'd find it a bit strange for someone to study financial engineering yet have no interest in working at a Wall St-type firm. 


I'm sure there are opportunities in CA.  Obviously, though, you have better odds of landing a high-paying job in NY or London.  Well, at least you did...


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