The right question is would you be able to find a job? It would not help you to be jobless and hold a "prestisgious" degree?Ok. And just an other question : Is the Columbia PhD prestigious or not ? (I am not american)
Does the program post placement stats? How many PhD students they graduate each year?I looked what former students do. And what I found that either they work in the academic word or either in a large bank.
I will be attending the PhD program in Stats this fall. Definitely the way to go. They get all the quant jobs without any problem, and if you end up not wanting to go into industry, the placement of Columbia's grads in academia is truly amazing. Without a doubt, I would say a PhD is the way go - industry jobs are an easy backup for PhDs from the top schools....The right question is would you be able to find a job? It would not help you to be jobless and hold a "prestisgious" degree?
Did you research on the career outlook of graduates from the program? There are many Columbia MFE grads who end up working back in their country because they couldn't find a job in the US. Obviously, whether Columbia is prestigious doesn't help.
Absolutely nothing if the home country happens to have a modern finance industry that your MFE degree can be fully utilized and competitively compensated.What is bad in working in home country with a MFE degree?