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Old 03-12-2009, 03:09 AM   #21
spencer
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Quote:
Originally Posted by yanshuo View Post
Wikipedia: Comparison of MFE with MSc(Finance) and MBA



http://en.wikipedia.org/wiki/Master_...al_Engineering

Wikipedia on CFA:



http://en.wikipedia.org/wiki/Charter...ancial_Analyst

spencer, do you have anything to add on to these definitions?
I'd be happy to take any questions relating to this area.
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Old 03-12-2009, 03:17 AM   #22
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Basically, MSc Finance shares a similar curriculum as CFA.

For MBA, well MBA is MBA. You learn a basket of business skills, and some networking. Excellent for becoming managers in multinationals, or joining the M&A division (investment banking division) of banks.

MFE: MFEs are useful for the markets side of things. There are two types of quants, the PhDs and the MSc. To do a MFE you would be expected to have a maths/physics/engineering/(computer science) background. You must be pretty good with writing programs for scientific computation.

Actuarial would be looking at the survival models and risk side of things, from a pensions/insurance perspective. Having said that, the whole CDO boom was due to a paper by David Li that applied actuarial maths to pricing CMOs.
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Old 03-13-2009, 01:32 AM   #23
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Quote:
Originally Posted by spencer View Post
Basically, MSc Finance shares a similar curriculum as CFA.

For MBA, well MBA is MBA. You learn a basket of business skills, and some networking. Excellent for becoming managers in multinationals, or joining the M&A division (investment banking division) of banks.

MFE: MFEs are useful for the markets side of things. There are two types of quants, the PhDs and the MSc. To do a MFE you would be expected to have a maths/physics/engineering/(computer science) background. You must be pretty good with writing programs for scientific computation.

Actuarial would be looking at the survival models and risk side of things, from a pensions/insurance perspective. Having said that, the whole CDO boom was due to a paper by David Li that applied actuarial maths to pricing CMOs.
so how can someone pursue a MFE then? thanks for your time as i'm really noob in this area
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Old 03-13-2009, 02:50 AM   #24
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so how can someone pursue a MFE then? thanks for your time as i'm really noob in this area
A first degree in maths/physics/engineering

Very advanced maths + some languages (like C, C++, MATLAB, R, etc)
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Old 03-15-2009, 06:09 PM   #25
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I have several friends who started with an engineering degree and then went into finance on top. Corporations will appreciate if someone know "both sides".
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Old 03-23-2009, 09:44 AM   #26
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I have several friends who started with an engineering degree and then went into finance on top. Corporations will appreciate if someone know "both sides".
Finance depts in big non-financial companies?!
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Old 10-27-2010, 11:46 PM   #27
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Well for me, it's still best to choose the course that you are passionate about. Learning makes easier and is enjoyable if the course you wanna pursue is your passion.
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Old 04-26-2013, 08:29 PM   #28
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I would probably prefer to the engineering course because as what I have observe nowadays engineering course are literally in demand. However, try to analyze if what you want then you can follow what you like most.
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Old 12-12-2013, 08:31 PM   #29
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At present situation getting into engineering in the toughest one because yearly lakhs and lakhs of engineering students are passing out they can’t get exact job. Most of them were turning their eyes to financing area, because they want any degree as their qualification.
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