Georgia Tech Tower
Master of Science Financial Engineering program with most focus on computational mathematics and options pricing.
Review 12/16/2011
Rating 9/10
What is unique about this program
It is very computationally intensive with niches in energy risk/quantitative analysis and machine learning applications. The coursework is very rigorous, and it focuses on more practical projects with an intense development of the foundations of underlying theory. Overall, the education is outstanding.
Worst things about the program
Career services for the students within the program. Although, the director helps out in this respect and does a good job with placements. They are just short staffed in this regard.
Career services
Career services is almost there for someone to recruit for the students. Students find internships and jobs either through the school’s career services or on their own. For domestic candidates, there is 100% full-time placement for the 2011 class. Overall, out of 60 students, there was about 80% placement, although that number will be larger in a few months in general.
Most students obtain jobs in their home country. For the few that receive offers in the US, they get jobs as traders at prop shops, Quants at trading firms, market risk analysts at trading firms, private equity analysts, investment banking analysts and associates, consultants, trade platform application engineers, trade clearing quants at exchanges, financial analysts at banks (25/60 get placed in the US). Overall, a successful 2011 year.
Student body
75% Asian
10% Indian
10% American
5% Other
Lacks diversity in some sense. This most likely will change soon.
This review was submitted on 7/28/2010 by a student who studied full-time in the program from 08/2008-12/2009
Can you tell us a bit about your background?
Bachelor in Construction Management and Economics from Tsinghua University, Beijing, China
No prior work experience. Prior internship experience include securities company, real estate management company and oil company.
Did you get admitted to other programs?
Columbia University and Illinois Institute of Technology
Why did you choose this program (over others, if applicable)?
The tuition and the time admit me.
What alternative sources of info you used to learn more about the program?
Online BBS in China
Tell us about the application process at this program
online submission of resume, cover letter, transcript and recommendation letters
On a scale of 1-10, how would you grade the accessibility of the faculty and staff?
9
Does this program offer refresher courses for incoming students? What do they offer and how much it costs?
Yes, I can’t rememeber the cost
On a scale of 0-10, how would you grade the usefulness of these refresher courses?
8
Tell us about the courses selection in this program. Any special courses you like?
Derivative Securities, Stochastic Process, Practice of QCF
On a scale of 1-10, how would you grade the flexibility of the curriculum?
9
Tell us about the quality of teaching
Good.
On a scale of 1-10, how would you grade the quality of teaching?
8
Materials used in the program
Teacher’s notes, most of time.
On a scale of 1-10, how would you grade the practicality of the curriculum?
8
Programming component of the program
One course for programming, C and Java
Projects
Computational Finance and Mathematical Finance
Career service
Average
On a scale of 1-10, how would you grade the career service for internship and full-time job?
7
What do you like about the program?
Good
On a scale of 1-10, how would you grade the value of the program for the price tag?
8
What DON’T you like about the program?
The career service is not good enough. Atlanta is not an excellent location for finance students already, so they should strengthen their career service to improve the placement of students.
Suggestions for the program to make it better
Career service and connection should get better.
On a scale of 1-10, how would you grade your experience in the program?
8
What are your current job status? What are you looking for? What would you prefer to work in?
Prefer to work in statistical finance area.
On a scale of 1-10, would you recommend this program to others?
8
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This review was submitted on 7/25/2010 at 12:20:25AM by a student who studied full-time in the program from 06/2006 – 12/2007
Can you tell us a bit about your background?
Bachelors in Electrical Engg from IIT Kanpur India. GRE 800 Q, 640 Verbal. Prior work experience as software engineer/consultant.
Did you get admitted to other programs?
MFE Michigan
Why did you choose this program (over others, if applicable)?
Focus on Practical Learning and Concepts related to Financial Engineering and Low Cost of Tuition.
What alternative sources of info you used to learn more about the program?
Internet mainly.
Tell us about the application process at this program
The application was online and updated time-to-time. Dr Kertz (Program Director) was also very kind and helpful in answering questions related to admissions and course of study.
On a scale of 1-10, how would you grade the accessibility of the faculty and staff?
9
Programs like Baruch MFE, UCB MFE have refresher courses for incoming students. Does this program offer such courses? How useful was it?
No
On a scale of 0-10, how would you grade the usefulness of these refresher courses?
1
Tell us about the courses selection in this program. Any special courses you like?
Stochastic Processes in Finance I & II, Practice of QCF, Fixed Income, Numerical Methods.
On a scale of 1-10, how would you grade the flexibility of the curriculum?
9
Tell us about the quality of teaching
Most Faculty members are established and high calibre academicians from Math, ISYE, MBA departments. In the final semester some courses are offered by industry practitioners and professionals from Investment Banking and Trading.
On a scale of 1-10, how would you grade the quality of teaching?
9
Materials used in the program
Teacher’s Notes and Standard Texts. But Notes are more useful. Classroom discussions are also quite productive and useful for the student.
On a scale of 1-10, how would you grade the practicality of the curriculum?
10
Programming component of the program
C++, SAS, Java, MATLAB, GAMS.
Projects
Mainly a mixture of Coding and Research projects are assigned at group and individual levels.
Career service
The Director submits the Resumes of the student batch to Industry connections.
On a scale of 1-10, how would you grade the career service for internship and full-time job?
8
What do you like about the program?
Emphasis on practical methods of solving real world problems in finance and also helping the students to develop hands-on skills on programming and financial research projects. The professors of ISYE/Math in particular are gifted scholars and invest a lot of time and energy on teaching the practical concepts and their application to real-world financial engineering problems like derivatives pricing, portfolio management, Time series analysis of stock prices etc.
On a scale of 1-10, how would you grade the value of the program for the price tag?
10
What DON’T you like about the program?
The MBA finance department is relatively weak. The department needs to boost its b-school rankings and should make efforts to add strength to the finance courses being offered to QCF students. The future looks promising because the gap is slowly narrowing down as the B-school is making good progress.
Suggestions for the program to make it better
The QCF program office should work on improving the finance curriculum.
On a scale of 1-10, how would you grade your experience in the program?
9
What are your current job status? What are you looking for?
Financial Officer in Work Bank Group.
On a scale of 1-10, would you recommend this program to others?
9
Other comments
Focus, Dedication and a strong penchant for finance and programming.
Click here to submit a review of your program
This review was submitted on 2/20/2010 at 13:42:25 by Wanfeng Chen (contact him via gmail at wanfengc) who studied full-time in the program from 8/2008-12/2009*
Can you tell us a bit about your background?
B.E. Computer Science, Shanghai Jiao Tong University;
Internship: Machine Learning Group in Microsoft Research Aisa; Derivatives Dpt. in Haitong Securities; AXA HK.
Did you get admitted to other programs?
Minnesota MFE
Why did you choose this program (over others, if applicable)?
GaTech QCF is strong in its computational skills training and engineering math, due to the support form ISyE school, ranking #1 worldwide. They have a bunch of “real world” projects provided during the 1.5 years. Almost anyone interested in are able to contribute, which is very useful in job hunting. Furthermore, QCF has a large funding, so 1/3 students can get full scholarship during the 3 semesters.
Tell us about the application process at this program
Every thing went well.
On a scale of 1-10, how would you grade the accessibility of the faculty and staff?
7
Programs like Baruch MFE, UCB MFE have refresher courses for incoming students. Does this program offer such courses? How useful was it?
No
On a scale of 0-10, how would you grade the usefulness of these refresher courses?
0
Tell us about the courses selection in this program. Any special courses you like?
1/3 courses are of selection from a pool
On a scale of 1-10, how would you grade the flexibility of the curriculum?
5
Tell us about the quality of teaching
Average
On a scale of 1-10, how would you grade the quality of teaching?
8
Materials used in the program
Generally texts are recommended reading. The professors prefer to use their own materials.
On a scale of 1-10, how would you grade the practicality of the curriculum?
9
Programming component of the program
C++, Matlab, SAS, R. Half of the homework are using simple programming.
Projects
Both
Career service
The director will send the resume book to the industry connection.
On a scale of 1-10, how would you grade the career service for internship and full-time job?
6
Can you comment on the social interaction between students of different ethnics, nationalities in the program?
N/A
What do you like about the program?
Real world projects
On a scale of 1-10, how would you grade the value of the program for the price tag?
8
What DON’T you like about the program?
Finance part is not strong
Suggestions for the program to make it better
N/A
On a scale of 1-10, how would you grade your experience in the program?
8
What are your current job status? What are you looking for?
Joined RiskMetrics.
On a scale of 1-10, would you recommend this program to others?
8
Click here to submit a review of your program
Tags: georgia tech qcf, program review, qcf
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