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https://www.business-standard.com/markets/news/quantitative-strategists-fail-to-replicate-us-and-china-success-in-india-123082500137_1.html The above article provides some interesting tibits on why Indian quant funds have not performed well compared to the US/China counterparts. But it also...

53 percent of all international students in 2022/23 were from China and India, comparable to the prior year. However, the market share for each place of origin has shifted, with 27 percent of students from China and 25 percent of students from India, in comparison to 33 percent from China and 18...

I have searched on QuantNet and it seems the program is not as popular for people applying to UK quant programs. I can only deduce that it is not as quantitative as similarly named programs in the US such as Princeton MFin and MIT MFin. Looking to get a better understanding of how these UK...

Just a head up that we will be moving our server to a new server running AMD Ryzen 9 7900 with 128 GB DDR5. This should be blazingly fast and serve our growing traffic better. The downtime will be minimal and the website still be in read-only mode during that time. When it's over, please use...

For the second time ever, a Virtual Information Session on the Intuition-Based Options Primer for Financial Engineering online certificate will take place on Wednesday, February 28, at 8pm New York time. The Intuition-Based Options certificate is centered around interview questions in options...

Given the significant increase in discussion about UK programs, we're excited to announce that we have created a new section for UK programs. This allows for better navigation and a better user experience. We plan to expand our coverage for UK programs in the near future, starting with the...

The program's executive director Jacob Gallice @jacobgallice has moved to another role at UCB. The program is currently searching for a new executive director. https://www.linkedin.com/feed/update/urn:li:activity:7158845454724591617/

https://www.forbes.com/sites/michaeltnietzel/2024/01/17/cuny-receives-record-75-million-gift-from-simons-foundation/?sh=29f978075519 The City University of New York (CUNY), the nation’s largest urban public university system, is being given a $75 million donation from the Simons Foundation...

https://www.twosigma.com/articles/a-guide-to-large-language-model-abstractions/ The authors map the landscape of frameworks for abstracting interactions with and between large language models, and suggest two systems of organization for reasoning about the various approaches to, and philosophies...

Need your input. We've been working to update the ranking layout which has been the same for the past dozen years. There are 2 layouts here. (A) is with a small image on the right. Simple but with some graphic element to visually differentiate programs a bit. (B) is with a larger image on the...

As admission decisions start to come in, let's get a tradition going here so we can share the programs we applied to, the admits/rejects we received and the program we are ultimately joining. Let's keep the format uniform and discussions on their separate programs threads. >>>>>>> Please share...

To all QuantNet fellows, Per popular request, we have been working on a way to allow members to remain anonymous (if they prefer) on QuantNet but still show their trustworthiness. The benefits are increasingly more important as discussed here. This step is purely optional but as a verified...

On behalf of myself and QuantNet, we wish you all a happy holiday. 2024 has been a very active year for us and we have many things to be thankful of. Thank you everyone who contributed this year, be it answering a question, posting a review, or even just asking a question. We are looking...

We are pleased to announce the publication of the QuantNet 2024 Rankings of Financial Engineering programs. The full 2024 QuantNet MFE ranking will be released here For comparison, the 2023 QuantNet MFE ranking is here. New in 2024 QuantNet MFE ranking New programs added: UC San Diego (Master...

Summer Reading List Congratulations on joining the MSc in Mathematics and Finance at Imperial College London this September. We look forward to welcoming you here and, in the meantime, would like to give you some information about the programme itself and how to best prepare for it. The...

The CMU MSCF program announced that they will relocate their NYC campus from the current location at 55 Broad Street to 88 Pine St, about 0.3 miles away. The new location will open for business in Jan 2024 pending state approval. Below is the walking map showing the relative locations of the...

Today, QuantNet was not accessible until 1.30 PM EST. It was caused by several damages to the fiber cables connected to our data center. As a result, our website is one of many thousands affected for most of the day. My apology for the inconvenience caused by this service disruption.

This article will be updated frequently. If you are a student of the programs below, please feel free to contribute to the course name, link to the course as well as the programming used. To apply to MFE programs, you have to demonstrate a programming proficiency. Some programs are very...

What are the most selective MFE programs? There is no single metric that will definitely answer this question. Undergraduate GPAs, GRE scores are important indicators. But for many, the following are popular metrics of admission selectivity: acceptance rates, yield rate and applicants per...

For anyone interested in financial firms in the Chicago area, the list below is helpful. It's maintained by wikipedia so the list can change at any moment but it will give you a starting point when you begin applying for internships and jobs. Banks Alliant Credit Union (Chicago) Amalgamated...

https://kx.com/kdb-personal-edition-download/ Download to experience how kdb+ is: a high-performance cross-platform time series columnar database. an in-memory compute engine. a real-time streaming processor. an expressive query and programming language called q, optimized for time series...

@Ken Abbott suggested a great idea that we provide QuantNet-branded swags to members who help answer questions on our site. This is something we definitely should do given we have many wonderful members here who are now practitioners in finance. It's good to help out fellow members but it's...

When I started QuantNet in 2006, I never envisioned that QuantNet will grow into a global hub for students inspired for a career in quantitive finance. I heard it from many program's directors and administrators that as many as 90% of their incoming students did their program research on...

I'll start.

Whenever anyone sks how to get into a field involving #programming or #machinelearning, the advice is always "do projects and upload them to GitHub." The same applies to #quant investing, but what #quant projects would impress a prospective employer? Well, I can tell you what would impress me...

Hundreds of interview questions and answers for people interested in data science jobs. The topics are statistics, data science, machine learning, data analysis, deep learning, etc. Credit: Steve Nouri,

I found this clip on Youtube from Columbia Business School. It was posted in 2021 but still a good overview for MSFE students.

The latest release 0.5 Source PyStatMl — Statistics and Machine Learning in Python 0.5 documentation Link to PDF https://raw.github.com/duchesnay/data/master/pdf/StatisticsMachineLearningPython.pdf

Would come in handy if you use Bloomberg terminal at work and need to learn these shortcuts.

The article from NYT is an interesting read. While it's easy to get blinded by the huge amount of compensation mentioned, it's irrelevant to most people here. Instead, there are some key information bits that we can glean and use. When you go interview for a job at a HF, knowing the type of HF...

I would be very interested to hear experience from our members who have moved between the two job types. Would it be easier to go from finance to crypto or vice versa? The following article has some interesting takes on it. https://www.efinancialcareers.com/news/2023/01/leave-crypto-for-banking

I'm very excited to see our coding extraordinaire @APalley, the TA for our C++ and Python online courses is interviewed with Deep Q Digital, an algorithmic trading firm in CT. I've known and worked with Avi more than a decade and can say with absolute confidence that he is one of the best...

This is great news for many of us who get our first job after MFE with an H1-B visa. The State Department will launch a pilot program later this year offering visa renewal options in the US for H-1B specialty occupation workers and other temporary visa holders who are currently required to...

When we choose programming languages, we usually decide based on their syntax, performances, or even learning curve. Yet, a few years ago a group of Portuguese researchers investigated the energy consumption of 𝟮𝟳 𝗺𝗼𝘀𝘁 𝗽𝗼𝗽𝘂𝗹𝗮𝗿 𝗽𝗿𝗼𝗴𝗿𝗮𝗺𝗺𝗶𝗻𝗴 𝗹𝗮𝗻𝗴𝘂𝗮𝗴𝗲𝘀, 𝗺𝗲𝗮𝘀𝘂𝗿𝗶𝗻𝗴 𝗲𝘅𝗲𝗰𝘂𝘁𝗶𝗼𝗻 𝘁𝗶𝗺𝗲, 𝗲𝗻𝗲𝗿𝗴𝘆 𝗰𝗼𝗻𝘀𝘂𝗺𝗽𝘁𝗶𝗼𝗻...

Almost all quant/dev jobs at RenTech requires strong C++ and Python skills. Anyone with an MFE degree and very strong programming training would have a good chance to land these jobs. Base salary ranges from 120K-220K but the bulk of compensation would be bonus. It would be useful to browse...

As admission decisions start to come in, let's get a tradition going here so we can share the programs we applied to, the admits/rejects we received and the program we are ultimately joining. Let's keep the format uniform and discussions on their separate programs threads. >>>>>>> Please share...

Assign four nonnegative integers to the corners of a square, which we designate the active square. During a step, for each side of the active square, the absolute difference between the numbers on that side’s endpoints is assigned to its midpoint. Then these four new midpoints are connected into...

This is a new program that will open in Oct 2023. It's a one year FT program or two-year PT program. https://www.bbk.ac.uk/courses/postgraduate/quantitative-finance-with-data-science This MSc Quantitative Finance with Data Science provides you with training in advanced mathematical finance and...

This is the hottest topic right now and it deserves some discussions here. In a very short time, ChatGPT has completely changed the way universities approach how they teach students and how to distinguish between AI generated content vs by students...

New York’s Baruch College offers a no-frills financial engineering course that’s feeding some of the world’s most elite global trading firms. Princeton has its Gothic spires, MIT its Great Dome. But for a no-frills lesson in 21st-century finance, head to a lackluster high-rise on Manhattan’s...

We are pleased to announce the publication of the QuantNet 2023 Rankings of Financial Engineering programs. The full 2023 QuantNet MFE ranking is here. For comparison, the 2022 QuantNet MFE ranking is here. New in 2023 QuantNet MFE ranking New programs added: Oklahoma State University...

Fintech and tech are expanding: the industry seems to look for the “full-stack” quant, someone who is good at coding, but who also has financial intuition and excels at statistics. This new quant is a coding polyglot, able to use Python and R for fast implementation; C++, Java, and JavaScript...

LinkedIn is the leading professional networking hub where companies and recruiters actively seeking out potential employees. C++ skills are in demand and the C++ certificate you earn here shows your ability and determination to successfully master a very challenging technical task. We have...

It was brought to my attention today that the Mathematical Finance program at IIT (Illinois Institute of Technology) has been discontinued. I know the people running the program, Prof. Igor Cialenco and Prof. Tomasz Bielecki for over a decade. It was last ranked 25th in the 2020 QuantNet...

If you're toying with the idea of learning C++ for a job in financial services, drawn by the promise of huge pay but put off by the awareness that it's really not an easy language to earn - particularly compared to Python, Rainer Grimm has a message for you: do it. C++ is deeply embedded in the...

The C++ certificates have helped thousands of students learn in a practical way advanced C++ skills they used at work and in their future education. Dr. Daniel Duffy, the creator of the two certificates, will be on the virtual call, along with Mr. Avi Palley, the teaching assistant coordinator...

Alysa Turkowitz has over 20 years of experience working at top universities supporting top-ranked graduate programs in the areas of admissions, career services and curricular affairs. While at Columbia, she worked at Columbia Business School, Mailman School of Public Health, and the Graduate...

As admission decisions start to come in, let's get a tradition going here so we can share the programs we applied to, the admits/rejects we received and the program we are ultimately joining. Let's keep the format uniform and discussions on their separate programs threads. >>>>>>> Please share...

We are proud to present an interview with Dr. Kreitzman (UCB MFE) and Dr. Stefanica (Baruch MFE) who have been executive directors of their respective programs since inception. The interview was joined by several alumni of the programs (Cindy Liu/Nikos Rachmanis of Baruch MFE and Trivedi...

By Linda Kreitzman, Executive Director of the Master of Financial Engineering Program at Berkeley Master of Financial Engineering programs’ students have, in my view, a very wide array of job opportunities in front of them, and not just in traditional quantitative finance with roles as strats...

We are pleased to announce the publication of the QuantNet 2022 Rankings of Financial Engineering programs. If you are a prospective student looking at programs to apply to, please keep in mind the ongoing challenges and short/long term outlook of each program. The full 2022 QuantNet MFE ranking...

Interesting article from EFC written from the perspective of a managing director in technology at a major Wall Street investment bank. In this, he answers popular questions from students about which programming languages to learn and to avoid. In short, learn Python first, then a second language...

As the US is re-opening, employers are reporting a shortage of qualified employees. This could not be a better time for many of us seeking a career in the finance industry. Whether you are applying for MFE programs, preparing for an internship, or your first job, knowledge of options theory is...

As admission decisions start to come in, let's get a tradition going here so we can share the programs we applied to, the admits/rejects we received and the program we are ultimately joining. Let's keep the format uniform and discussions on their separate programs threads. Please share details...

As banks everywhere look to build up their systematic trading teams as a matter of strategic urgency in the face of competition from electronic market makers like Jane Street and Citadel Securities, a new wave of demand for C++ developers has been unleashed. Justifiably known as one of the most...

Has anyone followed the event relating to GME the last few weeks? Or better yet, participated in (and gaining from)? It's very interesting time for sure. You certainly can't model it.

We are pleased to announce the publication of the QuantNet 2021 Rankings of Financial Engineering programs. Released during the covid pandemic, the 2021 rankings reflect the great difficulties and challenges many programs face. The pandemic's adverse effects are most evident in the huge drop in...

The following are testimonials by students who recently completed the "Python for finance with intro to data science" online course. If you have questions, ask here and they are more than willing to answer.

As we work to modernize our platform and create a better experience for our users, I like to invite you all to try out the QuantNet app. It is a PWA (progressive web app) that you can add to your mobile homepage like a native app. On a desktop device, you can install it via the browser and add...

I'm sure many of QuantNet members have a 10+ years experience post MFE degree. I wonder if any of you guys have a personal investment portfolio that is appreciated enough that they are thinking of retirement in the next 5, 10 years? @IntoDarkness

As admission decisions start to come in, let's get a tradition going here so we can share the programs we applied, the admits/rejects we received and the program we are ultimately joining. Let's keep the format uniform and discussions on their separate programs threads. Please share details on...

Just to get everything into one thread for easy tracking. Looks like University of Washington has canceled all in-person classes and will move to online classes. Exams, finals, etc will take place online. There is a chance schools in NYC will follow as more cases are confirmed.

This WSJ article refers the data collected by Baruch MFE graduates.

We are pleased to announce the release of our QuantNet 2020 Rankings of Financial Engineering programs, to be available online at 9AM EST on Dec 16th. Please turn on push notification and like this first post so you can instantly get notified when the rankings is live. You can enable the push...

This case is of most interest to many of our QuantNet audience here since most of them will need to get OPT for internship and post graduation job opportunities. This case may eliminate the OPT program causing extreme hardship or virtually impossible to get a job after their MFE degree...

Dear Friends, The online course An Intuition-Based Options Primer for Financial Engineering: Model-independent relationships vs. Black-Scholes created by Prof. Dan Stefanica and offered by QuantNet will open for enrollment on September 30. The course covers topics directly relevant to quant...

The article below cites Marcos Lopez de Prado as saying that crowd-sourcing the problem to thousands of data scientist is the way of the future. Do you agree with the premise of this article? https://news.efinancialcareers.com/uk-en/3002106/big-data-jobs-finance

Mark Rubinstein, a finance professor emeritus whose work had a profound impact on Wall Street by forever changing how financial assets are created and priced, died May 9 in Tiburon, California. He was 74. Rubinstein, who retired in 2012 after nearly 40 years on the University of California...

As admission decisions start to come in, let's get a tradition going here so we can share the programs we applied, the admits/rejects we received and the program we are ultimately joining. Let's keep the format uniform and discussions on their separate programs threads. Please share details on...

Very interesting read. Let me know what you think of this. https://www.nytimes.com/2019/01/24/technology/computer-science-courses-college.html

The following is list of top 50 H1B visa occupations from myvisajobs. The footnote said data is from 2017 so not sure the accuracy of this but it's not surprising that the majority H1B visa is technical jobs.

Anyone here us a fan of the above show or its spinoff Better Call Saul?

We are pleased to announce the release of our QuantNet 2019 Rankings of Financial Engineering programs, to be available online at 9AM EST on Dec 4th. New and improved, the 2019 rankings will include several new programs and focus entirely on US-based programs. Please turn on push notification...

Not really quant questions but surely you will get these. Hopefully you can make good use out of it.

I have the honor of knowing @Ken Abbott through his valuable contribution to our QuantNet community and met with him through various occasions many years ago. I know that many generations of MFE students from various programs got to know him as well. His posts have inspired and educated many of...

I need your help. We are so close to 4,000 likes on Facebook. Currently at 3,904 now. If you haven't liked or followed, please do so. This is a way for us to reach out to more people who may be interested in our field of study and industry. Link here QuantNet Facebook page

Hi all, There are various threads of applicants to different programs so I thought it's a good idea to get to know everyone who is applying for Fall/Spring 2018 admission to any MFE/Math Finance/Quant programs. Let's introduce ourselves and get to know one another. We may become future...

Is your experience similar to the below? Courtesy of the guys at How To Build A Horse With Programming (Comic) - Toggl Blog

QuantNet has been compiling the annual list of best-selling quant books our members purchase every year since 2010 (see the best-selling book lists of 2016, 2015, 2014, 2013, 2012, 2011, 2010). The following list is 20 best-selling quant books of 2017 (both hard-copy and ebooks). The first ever...

Hi guys, With the input from many long time members on QuantNet. I hope this will become the place for us to hang out, reconnect, share and compare notes. With the countless online social networks these days, it's very hard to find a comfortable zone where each of us can be frank. The other...

This could be interesting. So we can use Python instead of VBA and open realms of opportunity. Microsoft Considers Adding Python as an Official Scripting Language to Excel

Just ran across this program while googling for "financial engineering". Seems to be a new program enrolling students for 2018. I've reached out to them and will share what I learn about it. MS Financial Engineering and Risk Management | Naveen Jindal School of Management @Ken Abbott would love...

The 2018 QuantNet ranking of Financial Engineering, Quantitative Finance masters programs in North America provides detailed information on placement and admission statistics from top programs the region, making it uniquely valuable to the quant finance community at large. The 2018 QuantNet...

This is a fact of life that many of us have known for years, specially in the field of financial engineering. This has been discussed ad nauseam here. Anyone believes it will be any different in the foreseeable future? The Disappearing American Grad Student

QuantNet has been compiling the annual list of best-selling quant books our members purchase every year since 2010 (see the best-selling book lists of 2015, 2014, 2013, 2012, 2011, 2010). The following list is 20 best-selling quant books of 2016 (both hard-copy and ebooks), compiled from...

Nice reading for QuantNet audience. Use it to have a more informed idea on career path. Banks cut budgets for maths and models as rules change - FT.com

Lays Out Plans to Attract Additional Stellar Practitioners to One of the Oldest and Largest Financial Engineering Educational Programs BROOKLYN, New York – One of Morgan Stanley’s top quants is returning to his academic roots full time, as chair of one of the world’s oldest and largest...

This is for members taking this online course to introduce themselves, their career/education goal in pursuing the certificate. It is similar to one we have for students taking the first course. https://www.quantnet.com/threads/c-online-certificate-students-intro-thread.7522/

This is for members taking this online course to introduce themselves, their career/education goal in pursuing the certificate. It is similar to one we have for students taking the C++ course. C++ Online Certificate Students' intro thread

Great news for MFE graduates. Beginning May 10, international students earning degrees in science, technology, engineering and mathematics fields in the United States will now be eligible to stay for three years of on-the-job training. This is 7 months longer than the current OPT rule. This...

QuantNet has been compiling the annual list of best-selling quant books our members purchase every year since 2010 (see the best-selling book lists of 2014, 2013, 2012, 2011, 2010). The following list is 20 best-selling quant books of 2015 (both hard-copy and ebooks), compiled from aggregate...

The University of Toronto's Rotman School of Management is launching a new graduate program in financial risk management. An intensive eight-month program for recent graduates with solid quantitative skills from undergraduate university programs, the Master of Financial Risk Management (MFRM) is...

Interesting article on NYTimes today about coding academies that train people for several months for programming languages in high demand. http://www.nytimes.com/2015/07/29/technology/code-academy-as-career-game-changer.html

I got sent over some information about the new program at University of Miami which will recruit its first cohort for Fall 2016 in Nov this year. A few quick notes on the program 3 semester long, 34 credits All students eligible for 25-30% scholarship, resulting in a total degree cost between...

A great read for many members here about a young math genius, the best of our time. I learned about Terry Tao in the year of 2004 during graduate school when my PhD advisor discussed the Green-Tao paper. The article author did a great job making the material very accessible even if you are not a...

According to a Bloomberg article, the worst font to use on your resume is Times New Roman. Using old faithful might send the wrong sign to your future boss, though. “It’s telegraphing that you didn’t put any thought into the typeface that you selected,” says Hoff. “It’s like putting on...

QuantNet has been compiling the annual list of best-selling quant books our members purchase every year since 2010 (see the best-selling book lists of 2010, 2011,2012, 2013. The following list is 20 best-selling quant books of 2014 (both hard-copy and ebooks), compiled from aggregate...

With great pleasure, we'd like to announce that the Global Association of Risk Professionals (GARP) has approved our "C++ Programming for Financial Engineering" online certificate for 15 GARP CPE credit hours. These 15 CPE credits will be only available to those who completed our C++...

An interesting article on NYTimes about the changing landscape of business schools where it's increasingly important to teach "skills like A/B testing, rapid prototyping and data-driven decision making, the bread and butter of Silicon Valley." According to the article, the study body at MBA...

According to http://en.wikipedia.org/wiki/C%2B%2B14, C++14 is the informal name for the most recent revision of the C++ ISO/IEC standard, formally "International Standard ISO/IEC 14882:2014(E) Programming Language C++". C++14 is intended to be a small extension over C++11, featuring mainly bug...

As recent as few years ago, who've ever thought that people technical skills would turn down Wall Street for tech firms? It's a reality now and a growing challenge to big banks that they start to do outreach campaign like one happened recently in New York City. I'm sure a lot of QuantNet...

From their press release A group of students at Montana State University are in their first semester of a new financial engineering program that will feature professors from two colleges. The new program, approved by the Montana Board of Regents last year, will allow MSU undergraduate students...

If you’re someone with a mathematical bent, for whom ‘challenging’ maths questions are elementary and differential equations are fun, there is – allegedly – one place where you’ll feel especially fulfilled in banking: Goldman Sachs’ ‘strats’ Group. All banks have mathematical wizards, but the...

http://gizmodo.com/new-vulnerability-found-in-every-single-version-of-inte-1568383903 For the few remaining QuantNet members who still have to use Internet Explorer, it's time to get a better browser such as Chrome. I have not used IE for the last several years. QuantNet works better in Chrome...

Have anyone seen his latest book about Wall Street HFT and the guys at RBC who discovered how they game was rigged. http://www.amazon.com/Flash-Boys-Wall-Street-Revolt/dp/0393244660/ It may not reveal much that we haven't known but it's an interesting read, specially for fans of Michael Lewis...

This may not come as news to some people but I'd like to put it out there. The announcement was posted on the website probably a couple months ago. Beginning in Fall 2013, the Financial Engineering Program was closed to new applications as its curriculum was reviewed. After this review, the...

Teri Geske is a lecturer and Executive in Residence at the UCLA Anderson MFE Program. She share with QuantNet a few years ago about "Top 10 Things Practitioners Really Want from Financial Engineers". She recently wrote an article on GARP to reflect on what she has observed about the financial...

QuantNet has been compiling the annual list of best-selling quant books our members purchase every year since 2010 (see the best-selling list of 2010, 2011,2012). The following list is 20 best-selling quant books of 2013, compiled from aggregate, anonymously collected data and provided by Amazon...

Interesting interview with Fabio Mercurio

To meet our educational standards and the needs of the students taking the Big Data in Finance Massive Online Open Course, it was deemed necessary to postpone the start of the course. Should a new time frame for the course be established, it will be announced on this forum. We are committed to...

QuantNet will host our first ever online admission chat with the MIT MFin program on Wed Dec 11, 2013 from 9-10AM EST. This online chat will be joined by members of the MFin Admissions Committee, Career Development Office, current students and will be devoted to answering your questions about...

NYU Master of Science in Data Science Illinois Institute of Technology Master of Data Science CUNY Master degree on Data Analytics (online) Columbia University has a certificate in Data Sciences, a new master degree will open in 2014, followed by a PhD program UC Berkeley Master of Data Science...

QuantNet is proud to announce the release of our second publication QuantNet 2013-2014 International Guide to Financial Engineering Our inaugural edition has been an extremely useful companion guide to the field of financial engineering for many students. It has been downloaded over 10,000...

The International Association of Financial Engineers (IAFE) recently changed its name to International Association for Quantitative Finance (IAQF). The change is a reflection of the increasingly popular use of the term "quantitative finance" where "financial engineering" used to be. The press...

The 2014 contest is scheduled to run from Feb 20-22, 2014 so get your stuff ready and we will be seeing you in Toronto! http://ritc.rotman.utoronto.ca/schedule.asp Hope to see old and new teams competing against each other. I'm going to use this as update as the contest draws near. Sept 23...

The degree will cost $6,600 compared to $45,000 for traditional on-campus degree. It will be offered via Udacity in January. The school hopes to attract 10,000 paying students annually. Master’s Degree Is New Frontier of Study Online [NYT] JPMorgan is under investigation for its hiring in China...

The story of Sergey Aleynikov as told by Michael Lewis, a legendary story teller. A month after ace programmer Sergey Aleynikov left Goldman Sachs, he was arrested. Exactly what he’d done neither the F.B.I., which interrogated him, nor the jury, which convicted him a year later, seemed to...

Aside from standard verification of their travel documents, arriving students now will also be checked through a database known as the Student and Exchange Visitor Information System, officials said. The system contains information on schools with foreign students and on the students’ enrollment...

http://www.fintechhack.com/about Overview The goal of the FinTech Hackathon is to promote the development of financial technology for institutional customers and consumers. The Hackathon brings together FinTech developers and designers to develop financial products and discover new...

51 of 62 (82%) MSCF students graduating in December 2012 have accepted offers as of March 7, 2013. 11 students have either received no offers or have not yet accepted an offer received. Average reported base salary: $87,490 Average reported signing bonus: $19,471 About 26/51 of those jobs are in...

Thalmic Labs has announced a $149 armband called MYO that detects motion and muscle movements to allow control of a Mac, PC, or other device using gestures. Cool enough to pre-order? https://getmyo.com/

Has anyone seen this Netflix series that features Kevin Spacey? I don't normally watch long these types of TV series but checked it out and ended up watching through all the episodes in two seatings. Can't wait for season 2.

The 2013 competition was attended by many top MFE programs from over 40 universities worldwide. The top 5 teams this year are 1. Laval University (Quebec) 2. Chulalongkorn University (Thailand) 3. Baruch College (Financial Engineering) 3. Univertisty of Toronto 5. BI Norwegian Business School...

A friend of mine just mentioned that this is a new book by Robert Brooks who is a professor in University of Alabama's MSF program. I have not read it yet so if anyone who already checked it out, let me know if this is a useful book or not...

Received this via email For foreigners on student visas, an important reason to be obtaining one's degree with a field designated as "Mathematics", "Engineering", etc., for whom this legislation has been drafted, rather than getting a degree in "Economics" or "Finance", which may not benefit...

A Primer for the Mathematics of Financial Engineering, 2nd Ed - Dan Stefanica Solutions, Primer For The Mathematics Of Financial Engineering, 2nd Ed - Dan Stefanica Quant Job Interview Questions And Answers– Mark Joshi Fifty Challenging Problems in Probability with Solutions – Frederick...

As of 12/18/2012, there are 11 full-time students from the Dec'12 group still looking for permanent/full-time jobs. The class size for 2012 full-time class is 31 so presumably, the other 20 students already got a job or not looking for one. By comparison, in previous years, most students would...

For young Wall Street employees who live their lives through social media, working at a big bank can feel as if the plug has been pulled. Most financial firms ban Facebook, Twitter and Gmail, and block most music and video streaming sites. Working on Wall Street is “a full life commitment, and...

Mikhail Smirnov is no longer director of the program. Lars Tyge Nielsen is the new director. The application deadline is now April 15 instead of May 31 previously.

Given that the majority of members here will spend most of their working life sitting in front of a computer, a bad chair will have huge and lasting impact on your health and back. A good one would make big difference. I'm on the market for a new chair and like to see what other good ones that...

So we see the same thing happens again. Last year, the MFin program offered 8K to students who defer a year. This year, the MBA program offered 15K, and then raised to 20K for students who defer to next year. http://online.wsj.com/article/SB10000872396390444083304578018610327120942.html Sloan...

The enrollment for the 16-week C++ Programming for Financial Engineering online certificate is now ongoing. To enroll immediately, please following these simple steps Sign up or Log in to our website Click here to pay tuition You will then be automatically enrolled and one of our TAs will...

NYT has an interesting article on how workers in many industries have to keep training to stay relevant given how rapid technology development has really changed everything. How would finance professionals stay relevant? What online resources, training would help them learn the latest...

After University of Washington offered their Intro to Computational Finance on Coursera, Columbia is the second major university that offers a course in financial engineering on this platform. https://www.coursera.org/course/fe Financial Engineering and Risk Management Martin Haugh and...

Aaron Brown has a fascinating article on the usage of the word "quant". After reading this, you may have second thought about wanting to be called a "quant". Why It Matters Nevertheless, it is possible to prune away some incorrect senses, which come mainly from false etymologies, and to...

Financial firms in London, besieged by Europe’s sovereign-debt crisis, probably will shrink their workforce this year, snapping a hiring rebound from 2008’s credit crisis as New York’s industry ekes out job growth. Banks, insurers and other financial-services firms may eliminate about 3,000...

The exploding popularity of high school math teams coincides with the emergence of the digital economy, one that at its core is powered by mathematics. In contrast to the oil, shipping and retail magnates of generations past, many of today’s wealthiest and most powerful executives built their...

A recent BusinessWeek article claims that given the new reality on Wall Street that requires more rules and less risk-taking, the thrill of a job in finance is gone. The article interviews many who claimed thrill is what draw them to Wall Street in the first place. Risk is what drew George and...

Wired reporter Jerry Adler wrote a very well researched article on Wall Street high speed trading. It was originally scheduled for Wired's September issue but published in advance due to the 440M trading loss at Knight Capital Group. The author provides very interesting takes on the quants...

A picture is worth a thousand words.

Just saw that they redid their program's website and put a lot more information on it. http://mitsloan.mit.edu/mfin/ I also see that a lot of students profiled on the website are members on Quantnet ;)

A bank in NYC who is looking to hire at least 12 strategists (aka quants at some banks) by year end. Ideal candidates would be financial engineers with strong coding backgrounds – undergrad degrees in computer science / engineering or EE with no more than 5 years of experience. This client...

The Dodd-Frank Act implements changes that, among other things, affect the oversight and supervision of financial institutions, provide for a new resolution procedure for large financial companies, create a new agency responsible for implementing and enforcing compliance with consumer financial...

Questions about job-hunting, your career path, workplace issues, interview and review preparation, salary and benefits negotiation? Ask Ellen Reeves, one of the contributors to QuantNet 2012-2013 International Guide to Programs in Financial Engineering. Career and workplace advisor Ellen Gordon...

A recent NYT article sheds light on how the trading landscape has been changing on Wall Street, due to technological advances as well as regulatory reforms such as the Dodd-Frank financial legislation. The article makes clear that technology has been and will play a HUGE part in the industry as...

You have 10 mice and 1000 bottles of wine. You also have 24 hours before a party, and one of the bottles has been tainted with a slow acting poison, which takes 24 hours to kill a mouse. In the 24 hours you have remaining, how many bottles can you guarantee safe for human consumption (assume...

You are invited to join us for drinks, casual chats and networking this Saturday at 5PM. Library Lounge at Gild Hall http://www.nyctourist.com/libertine-bar-new-york Nearest Transit: Fulton St-Broadway-Nassau (2, 3, 4, 5, A, C, J, M, Z), Rector St-Trinity Pl (R, W)

NYMag ran an article recently using survey result from 74 current/former finance workers. The result is this infographic.

After running Goldman's quantitative investment business for nearly a decade when the Global Alpha fund rose an average 12 percent every year, Carhart attracted lots of attention when he struck out on his own. But the money did not flood in, making for a tough start as Carhart and his team of...

Who is going to get one soon? Base or top model?

http://bits.blogs.nytimes.com/2012/06/06/linkedin-was-breached-now-what/ Change your password. Use a password manager program. I'm shopping for one.

Full-time Employment 3 months after graduation: 80% 5 months after graduation: 92% Number of MFE Students: 32 Number seeking full-time jobs: 26 Number of full-time placements: 24 Salary Data Base Salary US Citizen/Permanent Resident Average: 96,000 Median: 100,000...

Enrollment for C++ Programming for Financial Engineering online course is now open. To enroll, please following these simple steps Sign up or Log in to our website Go to your Account and click on the Purchase link Once the tuition payment is completed, you will be redirected back to our...

Looks like more and more banks are joining the open source movement to streamline and lower their IT cost http://lodestonefoundation.wordpress.com/ http://etrading.wordpress.com/2012/05/23/lodestone/

https://github.com/goldmansachs

Being a compliance officer just got a little riskier, at least for those who work in the heart of America's financial center. New York's highest court recently threw out a suit by a hedge fund compliance officer, Joseph Sullivan, who claimed he was fired for complaining to his boss about alleged...

If you need information on career services (not placement stats), which 4 programs would you most want to know about. The info would be about what resources, services they provide to current students to help with internship, job placement. Please vote.

http://www.buzzfeed.com/mjs538/things-youll-only-see-in-new-york You may also want to check this out http://www.buzzfeed.com/mjs538/things-youll-see-only-in-china

The professor also points out that the biggest challenge for Shanghai now is not the lack of financial wizards in specific fields, but rather talented people with strategically innovative thinking and professional experience, who could help the government plan and design the financial system...

Would you consider unpaid internships just for the sake of doing something during the summer? The article below indicates a growing number of graduates even from Ivy schools is doing just that. Confronting the worst job market in decades, many college graduates who expected to land paid jobs...

Harvard University and the Massachusetts Institute of Technology on Wednesday announced a new nonprofit partnership, known as edX, to offer free online courses from both universities. Harvard and M.I.T. are not the only elite universities planning to offer a wide array of massively open online...

Excellent PBS Frontline series: Money, Power and Wall Street.

According to this article, the sweet spot is 40h/week. Anything more than that may turn into negative productivity. What do you think? http://www.inc.com/geoffrey-james/stop-working-more-than-40-hours-a-week.html

Received this announcement from the program. ___________________________________________________________ Michelle Shin has joined the Courant Institute as the new Program Administrator for the Mathematics in Finance program. Prior to coming to NYU, she worked as an Employer Relations...

Cooper Union will maintain — at least for now — its century-old tradition of free undergraduate education, but the school will begin charging graduate students next year, and will expand graduate and other programs to generate more income, its president said Tuesday. Cooper Union has about...

Pretty interesting trend on the changing demographic among graduate applicants More than ever, Chinese students have their sights set on U.S. graduate schools. Application volume from that country rose 18% for U.S. master's and doctoral programs starting this fall, according to a new report...

Looks like the H1B visa quota will be filled very quickly this year. A good sign for the economy and not too good for H1B visa applicants? http://online.wsj.com/article_email/SB10001424052702303772904577333693806679420-lMyQjAxMTAyMDAwOTEwNDkyWj.html?mod=wsj_share_email_bot The U.S...

The following are some recent testimonials by students who completed the "C++ Programming for Financial Engineering" online course. Many of our graduates are active on this forum and ready for the next step on their career (joining MFE programs). If you have questions, ask here and they are more...

CNNMoney is doing a March segment on the difficulty of finding jobs in the current climate. In the first video, around 1:22 mark, a student from MIT MFin who graduated last June comments on how difficult it is to find jobs or internship and she needs to find it as soon as possible before her...

A fascinating read http://www.theatlantic.com/magazine/archive/2012/04/the-man-who-broke-atlantic-city/8900/

Build your portfolio with $100K fantasy cash for a chance to compete with the best and win $50K in real money. http://finance.yahoo.com/fantasy-finance

Greg Smith is resigning today as a Goldman Sachs executive director and head of the firm’s United States equity derivatives business in Europe, the Middle East and Africa. The way he resigned from Goldman Sachs, and what he had to say, could reignite a debate over how much Wall Street has...

Hi guys, We are working on a guide that will be released later this year to our members. We want this to be as useful to as many of our members as possible. There are many people contributing to this guide and it will contain lot of info that are relevant such as detailed placement/admission...

Would you buy it? Retina display Quad-core CPU 4G speed Starting at $499 (same as iPad 2) Comparison between iPad 2 and new iPad http://www.engadget.com/2012/03/07/new-ipad-vs-ipad-2/ http://www.engadget.com/2012/03/07/apple-new-ipad-hands-on/

Pretty interesting infographic about the life of IB analyst (people who work in investment banking after undergrad). Hopefully, it removes some of the imaginary allure about what it is to work in finance. http://www.freakonomics.com/2012/02/29/the-life-of-the-number-crunching-analyst/

Congratulations to Aaron Brown, who contributed many great articles on QuantNet. This award is very well-deserved and a recognition of his contribution in the field by peers. The Risk Manager of the Year Award was established in 1997 by the Association to recognize the outstanding...

My condolences to his family and loved ones. http://www.dailycal.org/2012/02/29/uc-berkeley-graduate-student-arthur-qi-dies-at-30/

This sounds really cool. I totally can see many people walking around Soho in these Oakley Thumps nodding their heads to check their email/messages. http://bits.blogs.nytimes.com/2012/02/21/google-to-sell-terminator-style-glasses-by-years-end/?hpw

GOOD with numbers? Fascinated by data? The sound you hear is opportunity knocking. Mo Zhou was snapped up by I.B.M. last summer, as a freshly minted Yale M.B.A., to join the technology company’s fast-growing ranks of data consultants. They help businesses make sense of an explosion of data —...

An admission director at Claremont McKenna recently got fired for fudging the numbers it submitted to US News College Ranking. I find this interesting read http://www.nytimes.com/2012/02/01/education/gaming-the-college-rankings.html

Barclays CEO in an interview with Bloomberg mentioned that last year, they receive 107,000 applications from university students for 1,050 positions in its bank. That will give our readers a sense of how competitive it is to get internship/job. It is not enough to submit your resume online and...

The UCLA MFE program just announced on their Facebook that all applicants who apply to join the program in 2013, they will be considered for merit-based scholarships. Merit Scholarships: Merit scholarships of varied amounts are awarded to students based on the overall strength of their...

A contract programmer who worked at the Fed, Bo Zhang, was charged with illegally copying software to an external hard drive, according to the complaint. The authorities said the software, owned by the Treasury Department, cost about $9.5 million to develop. It was not immediately clear if Mr...

You get it as soon as we get it.

I keep seeing inquiries from MFE applicants trying to meet the admission requirement by taking online courses. So I'm just trying to see which math courses are most in demand. I have seen mentions of Probability, PDE, ODE, etc.

MIT Sloan School of Management announced two changes to its Master of Finance (M.Fin.) program: a third round of admission with an application deadline of March 15, 2012, and the availability of partial tuition fellowships for a select group of highly qualified candidates. In last year’s...

About Robert Engle Professor Engle is an expert in time series analysis with a long-standing interest in the analysis of financial markets. His ARCH model and its generalizations have become indispensable tools not only for researchers, but also for analysts of financial markets, who use them...

A contact of mine is looking for someone who is either a senior college or first year MFE student for a paid learning opportunity for a one to one half year duration. The person must be in NYC area. This could be a perfect way to leverage your technical skills to gain relevant experience. If...

Aaron Brown emailed me this event with a note that "I think it’s a great opportunity for quants who don’t get a lot of exposure to trading, or to only one kind of trading. These guys are all successful traders and good communicators (a rare combination), and except for me, they’re people who...

A Primer for the Mathematics of Financial Engineering, 2nd Ed - Dan Stefanica Fifty Challenging Problems in Probability with Solutions – Frederick Mosteller Solutions, Primer For The Mathematics Of Financial Engineering, 2nd Ed - Dan Stefanica Quant Job Interview Questions And Answers– Mark...

A Primer For The Mathematics Of Financial Engineering, Second Edition Fifty Challenging Problems in Probability with Solutions (Dover Books on Mathematics) Solutions Manual - A Primer For The Mathematics Of Financial Engineering, Second Edition Quant Job Interview Questions And Answers My Life...

Came across this post from Fred Wilson's blog. When you see business people such as Fred Wilson starts to get back to coding himself, you know you are not going to find a job if you don't know how to code. Code Academy makes it very easy to commit so there is no excuse now. Give them your...

JP Morgan is now able to run risk analysis and price its global credit portfolio in near real-time after implementing application-led, High Performance Computing (HPC) capabilities developed by Maxeler Technologies. JP Morgan uses mainly C++ for its pure analytical models and Python programming...

A breakdown by NYT on the percentage of graduates of those three Ivy universities who go to a career in finance for the past several years. http://economix.blogs.nytimes.com/2011/12/21/out-of-harvard-and-into-finance/

While students at the Massachusetts Institute of Technology pay thousands of dollars for courses, the university will announce a new program on Monday allowing anyone anywhere to take M.I.T. courses online free of charge — and for the first time earn official certificates for demonstrating...

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8964715/RBS-overhaul-to-see-mass-job-losses.html Thousands of staff in Royal Bank of Scotland’s investment banking arm are likely to lose their jobs as a result of a radical overhaul of the business.

Earlier this year, MF Global replaced its chief risk officer, Michael Roseman, after he repeatedly clashed with Mr. Corzine over the firm’s purchase of European sovereign debt. The new risk officer, Michael Stockman, took over the position in early 2011 with one major difference: unlike his...

It's that time of year again where applicants frantically finish up their application to beat the Dec 15th deadline (don't they just wait till last minute). So let's gather all applicants to Columbia MFE program for 2012 here and share stories and wait for the results. It's going to be as much...

James Simons, chairman of the famous quant hedge fund Ren Tech and a former chairman of math dept at Stony Brook, gave the university biggest donation in its history. http://www.nytimes.com/2011/12/14/nyregion/stony-brook-university-given-150-million.html

If you never heard of Cython, the author of this article claims it's the best programming language in the world. What is Cython? Well Cython is Python. It will accept any Python code , even Python 3 , subject to some limitation because it is an ongoing project . However Cython is more than...