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A post that shows real student experience skipping the name of the school, proffessors, degree etc. All that is important, even essential for some fields.Quantitative finance program (or applied math ) is really all about acquired skills. In my opinion, a quant needs to work equally in 3 directions: math, implementation, finance. You need to understand presented models and underlying assumptions, you need to implement them and you need to have a financial feeling about the results. One of challenges for MFE programs is to combine math models with the other 2 directions. It is useful to understand SDE and stochastic calculus, but it is just as useful to be able to prove by implementation. Unfortunately most programs ignore implementation and the they get tangled up in theoretical concepts missing the entire financial understanding ...
A post that shows real student experience skipping the name of the school, proffessors, degree etc. All that is important, even essential for some fields.
Quantitative finance program (or applied math ) is really all about acquired skills. In my opinion, a quant needs to work equally in 3 directions: math, implementation, finance. You need to understand presented models and underlying assumptions, you need to implement them and you need to have a financial feeling about the results.
One of challenges for MFE programs is to combine math models with the other 2 directions. It is useful to understand SDE and stochastic calculus, but it is just as useful to be able to prove by implementation. Unfortunately most programs ignore implementation and the they get tangled up in theoretical concepts missing the entire financial understanding ...
