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Princeton University Master in Finance program

Princeton MFin is a two-year full-time program

  1. QuantNet
    Established:
    2000
    Type:
    Full-time
    Tuition:
    $90,700
    Application deadline:
    Dec 1
    Location:
    Princeton, NJ
    Admission stats

    Number of Applicants / Admitted / Enrolled​
    20062007200820092010201120122013
    418/46/27459/48/35664/40/30591/24/19605/31/25729/36/29815/46/43690/32/26

Recent Reviews

  1. dhpur
    dhpur
    5/5,
    I joined this program after having worked for 6 six years on the sell side as a derivatives trader and structurer with the main idea of getting a more updated set of technical skills that could be broadly applied on the buy and sell side upon graduation. After Princeton, I took a job as a quant trader at a global macro hedge fund on the buy side and am still currently there.

    I chose the program first and foremost because of the Princeton brand, strong alumni base, and its general reputation within the finance community. I did not apply anywhere else.

    Specific points that I liked about the program:

    1) Broad curriculum which potentially allows you to focus if you're in the two year version of program

    2) Small classes and helpful Professor's and TA's

    3) Proximity to New York for recruiting

    4) Advanced academic standards and strong level of peer aptitude


    Materials Used:

    Mostly professor's notes but I did utilize many of the reference textbooks for certain parts


    Programming Component:

    R (used more frequently through program)
    C++ (if you take the class)


    Suggestions to make program better:

    1) I took the 1 year track for program but I think the ideal length is 18 months

    2) It would have been useful to have some more industry practical seminars (even if not for credit)

    Coursework Taken:

    Asset Pricing parts 1 and 2 with Stochastic Calculus
    Econometrics 1 and 2
    Risk Management
    Options
    Portfolio Theory
    Computational Finance (C ++)
  2. gotomaster
    gotomaster
    5/5,
    Can you tell us a bit about your background?
    I joined this program right after college. I studied full-time in the program from 9/2008-06/2010

    Did you get admitted to other programs?
    NYU Courant
    Stanford FinMath
    Columbia MFE
    Harvard Applied Math
    Berkeley Haas MFE

    Why did you choose this program (over others, if applicable)?
    Job placements / Average first year starting salary.
    Brand name.
    Quality of professors / Courses offered.

    Tell us about the application process at this program
    Reasonable application process. Interview required for final part of application.

    Does this program offer refrsher courses? How useful was it?
    Yes, math refresher camp. Not so useful for me since I came straight from college, but well taught.

    Tell us about the courses selection in this program. Any special courses you like?
    Fixed income (very rigorous)
    Risk management
    Financial crises
    Behavioral finance
    Stochastic calculus

    Tell us about the quality of teaching
    Great professors, both academic and professionals. Great help from motivated TAs.

    Materials used in the program
    Not so many textbooks, mostly notes and slides from Professors.

    Programming component of the program
    R
    C++
    Matlab
    VBA

    Projects
    All sort of projects, both individual and in groups. Can do an independent project (1 or 2 semesters) with possibility of being published if you work hard enough.

    Career service
    Princeton career services and Bendheim Center staff.

    Can you comment on the social interaction between students of different ethnics, nationalities in the program?
    Very diversified, people from all over the world: North America, South America, Europe, Asia.

    What do you like about the program?
    Small class size, high standard, job placement, tuition support.

    What DON’T you like about the program?
    More flexibility in course selection for the 1st year (6 core courses out of 8).

    Suggestions for the program to make it better
    Shrink the length to 1.5y instead of 2y.

    What are your current job status? What are you looking for?
    Associate position, Interest Rate Trading.

    Besides the program's websites, what alternative sources of info you used to learn more about the program?
    Quantnet.com
    Globalderivatives.com
    Alumni

    This review was submitted anonymously
  3. anonymous
    anonymous
    5/5,
    Can you tell us a bit about your background?
    Undergraduate: one of the top universities in China, majoring in Economics
    Work experience: summer intern in Citibank
    I studied full-time from 9/2009-6/2011

    Did you get admitted to other programs?
    Chicago: MSc of Financial Mathematics
    LSE: MSc of Finance & Economics
    USC: MSc in Mathematical Finance
    UCLA: Ph.D. in Economics

    Why did you choose this program (over others, if applicable)?
    It is definitely my top choice. Besides the brand name of Princeton University, this program has been keeping a excellent placement record throughout good times and bad times.
    Plus, this program provides greater flexibility in choosing courses, compared to most of other Financial Engineering programs that focuses mostly on quantitative skills.
    And the duration of two years would better prepare me for the prospective job in financial industry.

    Admission process
    After submitting all the required material, the top 100 applicants would be invited to interviews. For students from China, there are normally two rounds of phone interviews, conducted by faculty members of Bendheim Center for Finance. Then one would expect to hear back from admission committee by the end of February.

    Does this program offer refresher courses for incoming students? How useful was it?
    Yes. This program offers Math Refresher courses as well as Boot Camp, through which students would hear from many financial industry practitioners.
    It is quite useful for me who has little working experiences before joining this program.

    Tell us about the courses selection in this program. Any special courses you like?
    We have a vast number of courses to choose from. Besides the 6 core courses, we could tailor our own curricular according to our interests. Courses from the Department of Economics, Engineering, Mathematics and Computer Science are mostly chosen by MFin students.

    Tell us about the quality of teaching
    Most of the faculty members of this program are professors from Department of Economics and Engineering. We have practitioners and visiting professors from other universities to teach too. TA would hold Precept every week and grade our homework. They are quite helpful and dedicated.

    Materials used in the program
    Options, Futures and Financial Derivatives--John Hull
    Derivatives Markets--Mcdonald
    Intermediate Financial Theory--Danthine & Donaldson
    Introduction to the Economics and Mathematics of Financial Markets--Jaska Cvitanic & Fernando Zapatero
    Microfoundations of Financial Economics An Introduction to General Equilibrium Asset Pricing--Yvan Lengwiler
    Principles of Financial Economics--Leroy and Werner
    A Random Walk Down Wall Street--Malkiel
    Investments--BKM
    Statistical Analysis of Financial Data in S-Plus—Carmona
    etc.

    Programming component of the program
    We need to use R and S-Plus for some courses.
    Many students choose courses in C++ as well.

    Projects
    We have both individual and group projects. For example, some courses would require a research paper by the end of the semester and some courses would ask students to give presentations.

    Career services
    We would get a lot of information from career service and whenever we want, we could always have mock interviews.

    What do you like about the program?
    A good combination of academic studies and preparation for future career.

    What don't you like about the program?
    The township is little bit too quiet, compared to NYC and other big cities.

    Suggestion to the program
    Provide fellowship.

    What are your current job status? What are you looking for?
    Will do a summer internship in IBD.

    Student body
    Very diversified students background. There are a lot of interations between different ethnics groups.

    Besides the program's websites, what alternative sources of info you used to learn more about the program?
    Forum: Global Derivatives-Higher Education
  4. greywolf
    greywolf
    5/5,
    Can you tell us a bit about your background?
    12 years of work experience in private equity and venture capital.
    I studied full-time in the program from 9/2008-5/2010

    Did you get admitted to other programs?
    Columbia
    MIT

    Why did you choose this program (over others, if applicable)?
    Quality of professors.
    Course options.
    Past career placement success.

    Tell us about the application process at this program
    Reasonable application process. Interview required for final part of application.

    Does this program offer refresher courses for incoming students? How useful was it?
    Yes. Math boot camp. Particularly useful for me as I had been away from school for so long.

    Tell us about the courses selection in this program. Any special courses you like?
    Fixed income (very rigorous)
    Risk management
    Financial crises
    Behavioral finance
    Stochastic calculus

    Tell us about the quality of teaching
    Fantastic professors. Excellent TA's (very helpful with homework).

    Materials used in the program
    A few textbooks. Mostly faculty notes and academic papers.

    Programming component of the program
    C++
    R
    Matlab
    Mathematica
    Programming requirements vary based upon curriculum choices.

    Projects
    Both individual and group projects.
    Option of conducting independent research with a professor for 1 or 2 terms.

    Career service
    Dedicated career service staff.

    Can you comment on the social interaction between students of different ethnics, nationalities in the program?
    Group very international (<20% from U.S.) Strong representation from Europe, Asia and South America.

    What do you like about the program?
    Small class so very personalized service from the faculty and staff.

    What DON’T you like about the program?
    More course flexibility in the first year.

    Suggestions for the program to make it better
    With small class size, could probably offer more scholarships for tuition.

    What are your current job status? What are you looking for?
    Asset and Portfolio Management
    Offer pending.