s*********e
发帖数: 15 | 1 My husband and I are PhDs in math. I am a postdoc now and he has a tenure-
track job after having postdoc himself. We have a toddler daughter and
another baby on the way. We are both interested in going into finance.
We are wondering if it would be better for us to go into an MFE program or
to just directly try to apply for jobs. Neither of us have finance
experience but my husband does have some programing experience.
Is it easier to find a job with an MFE degree (even if we already have PhDs)
? Are the salaries higher for MFEs? Would we easily get into an MFE program,
or would they not want to take us?
What should we do? Any advice would be great! |
x********o
发帖数: 519 | |
w*********7
发帖数: 143 | 3 No ANY BENEFIT for you to get a MFE. |
s*********e
发帖数: 15 | 4 But I have no financial experience at all.
【在 w*********7 的大作中提到】
: No ANY BENEFIT for you to get a MFE.
|
h*********n
发帖数: 915 | 5 it's not a big deal if your math/cs/school is strong.
【在 s*********e 的大作中提到】
: But I have no financial experience at all.
|
s*********e
发帖数: 15 | 6 But how much would a MEF help? Since it is probably very competitive now to
get a quant job.
【在 h*********n 的大作中提到】
: it's not a big deal if your math/cs/school is strong.
|
d*j
发帖数: 13780 | 7 if strong Ph.D school, try directly
UCB CMU will like guys like your background
easier to find a job with an MFE degree (even if already PhDs) in 2010 and
2011, not in 2008 and 2009
average salaries a little higher than salaries for MFE w/o Ph.D
PhDs)
program,
【在 s*********e 的大作中提到】
: My husband and I are PhDs in math. I am a postdoc now and he has a tenure-
: track job after having postdoc himself. We have a toddler daughter and
: another baby on the way. We are both interested in going into finance.
: We are wondering if it would be better for us to go into an MFE program or
: to just directly try to apply for jobs. Neither of us have finance
: experience but my husband does have some programing experience.
: Is it easier to find a job with an MFE degree (even if we already have PhDs)
: ? Are the salaries higher for MFEs? Would we easily get into an MFE program,
: or would they not want to take us?
: What should we do? Any advice would be great!
|
h*********n
发帖数: 915 | 8 u mean try direct mfe? what kind of job it will end with? buy/sell side,
developer/researcher?
【在 d*j 的大作中提到】
: if strong Ph.D school, try directly
: UCB CMU will like guys like your background
: easier to find a job with an MFE degree (even if already PhDs) in 2010 and
: 2011, not in 2008 and 2009
: average salaries a little higher than salaries for MFE w/o Ph.D
:
: PhDs)
: program,
|
l***4
发帖数: 1788 | 9 i think he meant try look for a job directly
【在 h*********n 的大作中提到】
: u mean try direct mfe? what kind of job it will end with? buy/sell side,
: developer/researcher?
|
e*******e
发帖数: 1144 | 10 It depends on how strong is your PhD background. A math PhD with a tenure-
track job should be strong enough to get a real quant job directly.
PhDs)
program,
【在 s*********e 的大作中提到】
: My husband and I are PhDs in math. I am a postdoc now and he has a tenure-
: track job after having postdoc himself. We have a toddler daughter and
: another baby on the way. We are both interested in going into finance.
: We are wondering if it would be better for us to go into an MFE program or
: to just directly try to apply for jobs. Neither of us have finance
: experience but my husband does have some programing experience.
: Is it easier to find a job with an MFE degree (even if we already have PhDs)
: ? Are the salaries higher for MFEs? Would we easily get into an MFE program,
: or would they not want to take us?
: What should we do? Any advice would be great!
|
|
|
D********n
发帖数: 978 | 11 For someone who already has a tenure track job, the opportunity cost to
become a quant is much much higher than someone who has PhD but couldn't
land a post doc job.
My suggestion would be for you guys to make sure you do like being quants to
begin with. Quant nowadays are pretty much programmers with a lot of
annoying petty tedious things to care about. And for most people, quant work
has little, if any, to do with finance. For the mediocre salary quants
receive right now, it may not make much sense to give up a tenure track job
and do quant.
To be honest, if I am to choose to become a programmer, I'd rather find a
silicon valley job for better life styles and for better pays.
PhDs)
program,
【在 s*********e 的大作中提到】
: My husband and I are PhDs in math. I am a postdoc now and he has a tenure-
: track job after having postdoc himself. We have a toddler daughter and
: another baby on the way. We are both interested in going into finance.
: We are wondering if it would be better for us to go into an MFE program or
: to just directly try to apply for jobs. Neither of us have finance
: experience but my husband does have some programing experience.
: Is it easier to find a job with an MFE degree (even if we already have PhDs)
: ? Are the salaries higher for MFEs? Would we easily get into an MFE program,
: or would they not want to take us?
: What should we do? Any advice would be great!
|
x********o
发帖数: 519 | 12 can not agree more.
I would not give up a tenure track job.
LZ will be disappointed at wall street.
to
work
job
【在 D********n 的大作中提到】
: For someone who already has a tenure track job, the opportunity cost to
: become a quant is much much higher than someone who has PhD but couldn't
: land a post doc job.
: My suggestion would be for you guys to make sure you do like being quants to
: begin with. Quant nowadays are pretty much programmers with a lot of
: annoying petty tedious things to care about. And for most people, quant work
: has little, if any, to do with finance. For the mediocre salary quants
: receive right now, it may not make much sense to give up a tenure track job
: and do quant.
: To be honest, if I am to choose to become a programmer, I'd rather find a
|
d*j
发帖数: 13780 | 13 indeed
there is a guy, got Ph.D in engineering first, top school, worked a couple
of years, then got his finance ph.d from another good school. 2 years ago
when that guy is around 35 years old, he started at CIti as as ASSOCIATE.
analyst who worked with him is 22--23.
hehe
to
work
job
【在 D********n 的大作中提到】
: For someone who already has a tenure track job, the opportunity cost to
: become a quant is much much higher than someone who has PhD but couldn't
: land a post doc job.
: My suggestion would be for you guys to make sure you do like being quants to
: begin with. Quant nowadays are pretty much programmers with a lot of
: annoying petty tedious things to care about. And for most people, quant work
: has little, if any, to do with finance. For the mediocre salary quants
: receive right now, it may not make much sense to give up a tenure track job
: and do quant.
: To be honest, if I am to choose to become a programmer, I'd rather find a
|
x********o
发帖数: 519 | 14 生命在于运动
人生在于折腾
【在 d*j 的大作中提到】
: indeed
: there is a guy, got Ph.D in engineering first, top school, worked a couple
: of years, then got his finance ph.d from another good school. 2 years ago
: when that guy is around 35 years old, he started at CIti as as ASSOCIATE.
: analyst who worked with him is 22--23.
: hehe
:
: to
: work
: job
|
s*********e
发帖数: 15 | 15 ^_^ that is true to some degree
【在 x********o 的大作中提到】
: 生命在于运动
: 人生在于折腾
|
c**i
发帖数: 234 | 16 Are u guys gonna retake GRE again?
PhDs)
program,
【在 s*********e 的大作中提到】
: My husband and I are PhDs in math. I am a postdoc now and he has a tenure-
: track job after having postdoc himself. We have a toddler daughter and
: another baby on the way. We are both interested in going into finance.
: We are wondering if it would be better for us to go into an MFE program or
: to just directly try to apply for jobs. Neither of us have finance
: experience but my husband does have some programing experience.
: Is it easier to find a job with an MFE degree (even if we already have PhDs)
: ? Are the salaries higher for MFEs? Would we easily get into an MFE program,
: or would they not want to take us?
: What should we do? Any advice would be great!
|
s*********e
发帖数: 15 | 17 Do we have to take GRE again?
【在 c**i 的大作中提到】
: Are u guys gonna retake GRE again?
:
: PhDs)
: program,
|
h*********n
发帖数: 915 | 18 isn't it normal analysts are just fresh under?
it's typical to have a finance ph.d @ 28~30 and get an associate job in a
financial firms. this guy just spent 5 yrs more. it's still ok.
in addition, ph.d in engineering may have huge variation on compensation and
outlook. is it civil, chemical, biological, or petrolium, eletronical,
computer engineering?
for a civil engineering ph.d, spending 5 years to switch career is
definitely worth.
another point, this guy is now doing core biz. the future is much brighter.
in lz's case, it's quant developer, i suppose? it's still a tech role, which
makes big difference.
【在 d*j 的大作中提到】
: indeed
: there is a guy, got Ph.D in engineering first, top school, worked a couple
: of years, then got his finance ph.d from another good school. 2 years ago
: when that guy is around 35 years old, he started at CIti as as ASSOCIATE.
: analyst who worked with him is 22--23.
: hehe
:
: to
: work
: job
|
h*********n
发帖数: 915 | 19 i think you can negotiate.
【在 s*********e 的大作中提到】
: Do we have to take GRE again?
|
w*********7
发帖数: 143 | 20 我所知道的真正顶尖公司，没有要求candidate有MFE背景的。反倒是一些顶尖公司，认
为有MFE学位是个negative signal。
对PHD来讲，金融知识可以自学的。实在不行考个CFA什么的不难。随机定价的书看看就
行了。说实话一个MFE也挺贵的。而且还要额外1.5年时间。机会成本估计超过20万了。
何必想不开呢。
楼主要是实在对自己没有信心，可千万别赚金融，金融竞争激烈，MFE街上一大把。没
有过人的本事真不是一个学位就能改变命运的。35岁才在Citi做associate，是够糟糕
的了。如果人够厉害能很快被promote上去还值得。可我听说的很多案例恰恰相反，公
司觉得大龄男女潜力有限了。每次裁人的时候恐怕最先考虑的就是这群人。真遇到那种
情况楼主恐怕将是追悔莫及了。
这就是为什么大家都劝楼主要么直接找到个工作，要么就别转金融了。 |
|
|
d*j
发帖数: 13780 | 21 true ....公司觉得大龄男女潜力有限了
they like young and smart guy
【在 w*********7 的大作中提到】
: 我所知道的真正顶尖公司，没有要求candidate有MFE背景的。反倒是一些顶尖公司，认
: 为有MFE学位是个negative signal。
: 对PHD来讲，金融知识可以自学的。实在不行考个CFA什么的不难。随机定价的书看看就
: 行了。说实话一个MFE也挺贵的。而且还要额外1.5年时间。机会成本估计超过20万了。
: 何必想不开呢。
: 楼主要是实在对自己没有信心，可千万别赚金融，金融竞争激烈，MFE街上一大把。没
: 有过人的本事真不是一个学位就能改变命运的。35岁才在Citi做associate，是够糟糕
: 的了。如果人够厉害能很快被promote上去还值得。可我听说的很多案例恰恰相反，公
: 司觉得大龄男女潜力有限了。每次裁人的时候恐怕最先考虑的就是这群人。真遇到那种
: 情况楼主恐怕将是追悔莫及了。
|
h*********n
发帖数: 915 | 22 it also depends on his alternative.
35-yr citi associate is worse than 30-yr peer, but still much better than 35
-yr postdoc.
【在 w*********7 的大作中提到】
: 我所知道的真正顶尖公司，没有要求candidate有MFE背景的。反倒是一些顶尖公司，认
: 为有MFE学位是个negative signal。
: 对PHD来讲，金融知识可以自学的。实在不行考个CFA什么的不难。随机定价的书看看就
: 行了。说实话一个MFE也挺贵的。而且还要额外1.5年时间。机会成本估计超过20万了。
: 何必想不开呢。
: 楼主要是实在对自己没有信心，可千万别赚金融，金融竞争激烈，MFE街上一大把。没
: 有过人的本事真不是一个学位就能改变命运的。35岁才在Citi做associate，是够糟糕
: 的了。如果人够厉害能很快被promote上去还值得。可我听说的很多案例恰恰相反，公
: 司觉得大龄男女潜力有限了。每次裁人的时候恐怕最先考虑的就是这群人。真遇到那种
: 情况楼主恐怕将是追悔莫及了。
|
h*********n
发帖数: 915 | 23 even facebook and google like young.
【在 d*j 的大作中提到】
: true ....公司觉得大龄男女潜力有限了
: they like young and smart guy
|
A*****s
发帖数: 13748 | 24 sweatshops of course :)
【在 h*********n 的大作中提到】
: even facebook and google like young.
|
w*********7
发帖数: 143 | 25 我其实想说很快被promoted就是想说您。我的偶像。
【在 d*j 的大作中提到】
: true ....公司觉得大龄男女潜力有限了
: they like young and smart guy
|
A*****s
发帖数: 13748 | 26 也是我的偶像
【在 w*********7 的大作中提到】
: 我其实想说很快被promoted就是想说您。我的偶像。
|
k*******d
发帖数: 1340 | 27 For desk quant, they do not care if you are MFE or Phd as long as you are
good enough. For some middle/back office positions, they prefer PhD since
the work is more like research.
【在 w*********7 的大作中提到】
: 我所知道的真正顶尖公司，没有要求candidate有MFE背景的。反倒是一些顶尖公司，认
: 为有MFE学位是个negative signal。
: 对PHD来讲，金融知识可以自学的。实在不行考个CFA什么的不难。随机定价的书看看就
: 行了。说实话一个MFE也挺贵的。而且还要额外1.5年时间。机会成本估计超过20万了。
: 何必想不开呢。
: 楼主要是实在对自己没有信心，可千万别赚金融，金融竞争激烈，MFE街上一大把。没
: 有过人的本事真不是一个学位就能改变命运的。35岁才在Citi做associate，是够糟糕
: 的了。如果人够厉害能很快被promote上去还值得。可我听说的很多案例恰恰相反，公
: 司觉得大龄男女潜力有限了。每次裁人的时候恐怕最先考虑的就是这群人。真遇到那种
: 情况楼主恐怕将是追悔莫及了。
|
f****i
发帖数: 201 | 28 phd一般都是给本科打工的啦，lz这样注定是给本科打工到死的 |
w*********7
发帖数: 143 | |
h*********n
发帖数: 915 | 30 it doesn't matter ph.d work for under or prof. it's the money that matters.
【在 f****i 的大作中提到】
: phd一般都是给本科打工的啦，lz这样注定是给本科打工到死的
|
|
|
f****i
发帖数: 201 | |
s*z
发帖数: 37 | 32 Your husband should definitely get the tenure first.
First, job security is important for families with children.
Second, as a math professor, he could choose to do research on finance.
There are many important problems in finance that need math ppl to figure
out. Being a quant too early, he might not be able to make full use of his
math talent, due to all kinds of constraints.
Third, financial industry is in hard time now, payoff is low.
PhDs)
program,
【在 s*********e 的大作中提到】
: My husband and I are PhDs in math. I am a postdoc now and he has a tenure-
: track job after having postdoc himself. We have a toddler daughter and
: another baby on the way. We are both interested in going into finance.
: We are wondering if it would be better for us to go into an MFE program or
: to just directly try to apply for jobs. Neither of us have finance
: experience but my husband does have some programing experience.
: Is it easier to find a job with an MFE degree (even if we already have PhDs)
: ? Are the salaries higher for MFEs? Would we easily get into an MFE program,
: or would they not want to take us?
: What should we do? Any advice would be great!
|
h*********n
发帖数: 915 | 33 as long as you make more under under's supervision than under prof, who cares if under makes more?
【在 f****i 的大作中提到】
: 这不废话么，一般情况下boss钱能比下属少？
|
b****i
发帖数: 619 | 34 citi associate 现在能拿多少年薪？加上所有年终奖金呢？ |
l*********s
发帖数: 5409 | 35 Firms prefer younger people as they tend to work much harder ( no family
burden and anxious to climb the corporate ladders).
If you are willing to compete on the same ground, I don't see why age is a
practical concern.
【在 d*j 的大作中提到】
: true ....公司觉得大龄男女潜力有限了
: they like young and smart guy
|
n*****3
发帖数: 1584 | 36 公司 will care about 潜力 ?
I thought they just care about want you can do now!
【在 d*j 的大作中提到】
: true ....公司觉得大龄男女潜力有限了
: they like young and smart guy
|
D********n
发帖数: 978 | 37 话是这么说。
但是现在candidate太多，职位太少了。在现在能干活的情况下，公司想care什么都还
能招到满意的人。所以公司想care什么就care什么。即使公司只招有公民身份的，现在
就怀着孕的，第一个PhD是历史，第二个PhD是代数几何而且本科还在大学生运动会上得
过奖的都可以找来。
【在 n*****3 的大作中提到】
: 公司 will care about 潜力 ?
: I thought they just care about want you can do now!
|
r**m
发帖数: 2823 | 38 "反倒是一些顶尖公司，认为有MFE学位是个negative signal" -- which ones??
"每次裁人的时候恐怕最先考虑的就是这群人" -- it has nothing to do with
potential...
"对PHD来讲，金融知识可以自学的。实在不行考个CFA什么的不难。随机定价的书看看就
行了。" -- what do you do?
【在 w*********7 的大作中提到】
: 我所知道的真正顶尖公司，没有要求candidate有MFE背景的。反倒是一些顶尖公司，认
: 为有MFE学位是个negative signal。
: 对PHD来讲，金融知识可以自学的。实在不行考个CFA什么的不难。随机定价的书看看就
: 行了。说实话一个MFE也挺贵的。而且还要额外1.5年时间。机会成本估计超过20万了。
: 何必想不开呢。
: 楼主要是实在对自己没有信心，可千万别赚金融，金融竞争激烈，MFE街上一大把。没
: 有过人的本事真不是一个学位就能改变命运的。35岁才在Citi做associate，是够糟糕
: 的了。如果人够厉害能很快被promote上去还值得。可我听说的很多案例恰恰相反，公
: 司觉得大龄男女潜力有限了。每次裁人的时候恐怕最先考虑的就是这群人。真遇到那种
: 情况楼主恐怕将是追悔莫及了。
|
r**m
发帖数: 2823 | 39 because fresh grads are cheap, hardworking and
they do whatever you ask them to do.
【在 d*j 的大作中提到】
: true ....公司觉得大龄男女潜力有限了
: they like young and smart guy
|
h*********n
发帖数: 915 | 40 20~25w?
【在 b****i 的大作中提到】
: citi associate 现在能拿多少年薪？加上所有年终奖金呢？
|
|
|
h*********n
发帖数: 915 | 41
看就
what i hear, from two portfolio managers, is that the real money making
stuff is simple. that's part of the reason why funds have strict non-compete.
so my guess is fancy math may just be marketing decoration.
【在 r**m 的大作中提到】
: "反倒是一些顶尖公司，认为有MFE学位是个negative signal" -- which ones??
: "每次裁人的时候恐怕最先考虑的就是这群人" -- it has nothing to do with
: potential...
: "对PHD来讲，金融知识可以自学的。实在不行考个CFA什么的不难。随机定价的书看看就
: 行了。" -- what do you do?
|
j*******s
发帖数: 498 | |
n******t
发帖数: 4406 | 43 看什么样的公司了。。。不过金融业的确相对比较短视。。但是技术型的，尤其在成长
期的还是会看的。
【在 n*****3 的大作中提到】
: 公司 will care about 潜力 ?
: I thought they just care about want you can do now!
|
