Career

Any one in here do a MFE degree?

Northrop Grumman / Eng(Ω,A,μ)
Dec 6

Where? How was it? Worthwhile?

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  • Snapchat UVDP12
    Financial engineering? 🤔
    Dec 64
    • Northrop Grumman / Eng(Ω,A,μ)
      OP
      Yea I'm guessing not too many on here but I figured I'd check
      Dec 6
    • Snapchat UVDP3d9
      I have done it. 100% worth it. Depends case by case. Reach out to alumni of schools you're looking for.
      The reputable ones I remember are MIT, Caltech, Cornell, Berkeley.
      Dec 6
    • Northrop Grumman / Eng(Ω,A,μ)
      OP
      What are you doing at snap now?
      Dec 6
    • Snapchat UVDP3d9
      Lenses research but I don't use my degree anymore. Served as good basis for abstract thinking in my previous job
      Dec 6
  • Google / Othersnidely
    I'm gonna do it just for fun. Soon as I know what city I'll stay in for a while
    Dec 64
    • Northrop Grumman / Eng(Ω,A,μ)
      OP
      NYC and Baruch although I have an odd love.of u Chicago due to their sick stats and probabilists
      Dec 6
    • Google / Othersnidely
      Yeah I'd do Baruch also since I'd be paying out of pocket. NYU would be nice. Right now I'm on the west coast so Stanford would be the option
      Dec 6
    • Northrop Grumman / Eng(Ω,A,μ)
      OP
      Isn't Berkeley ranked higher?https://quantnet.com/mfe-programs-rankings/
      Dec 6
    • Google / Othersnidely
      Dunno about rank. I'm fairly close to Stanford. 1.5 hours from Berkeley campus.
      Dec 6
  • Netflix / EngAz2H91
    What jobs does one get with an MFE these days? A long time ago I strongly thought about applying for a program, but decided to go work in consulting for a few years first. Wondering if I missed out on anything.
    Dec 63
    • Facebook / Engsuperjump
      Quant research?
      Dec 6
    • Google / Othersnidely
      Bitcoin trader!
      Dec 6
    • Northrop Grumman / Eng(Ω,A,μ)
      OP
      Yeah mostly just quant finance, I just like jobs that have a bit of math in them, seemed like a decent route.
      Dec 6
  • Snapchat UVDP3d9
    I have an MFE degree from top school. If you're making 250k+ as a developer stay where you are. Most portfolio managers or quants I know don't make that much until 2-3 years out of the MFE. Some don't ever get to that TC honestly.
    If you're ok w 140k base plus 80k+ for several years, then I think it's worth the fun. I loved doing it when I did, but I'm done with this career. I'm making more where I am now (not a quant anymore)
    Dec 60
  • Deloitte / Productproduct404
    Close friend of mine did it. Interned in a large fund in Toronto and was offered 80K base with a 25K signing and a 20K year end bonus.

    Was promoted after 1Y with base pushed to 100K and bonus probably at 40-50k

    Above is all in CAD, but in Toronto these are really strong numbers.
    Dec 60

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