MSFE at Stevens Institute of Technology

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IT2CFA

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I am considering enrolling for the MS in Financial Engineerine program at Stevens Insitiute of Technology, Hoboken, NJ. Wanted to know if anyone knows about the program ?? The Univeristy?? Is Stevens a familiar school on Wall Street?
Please pitch in any thoughts about the program and its recognition on the Street. Thanks.
 
Stevens is a well known school ... even I am planning to do my MS in Math Finance after getting convinced by my earlier post 'Is FT MBA worth it or not' that I am not going to pursue an MBA at this stage. ur name suggests ..ur trying to move from IT to Finance ...right.

I am was at CMU and NYU math courses. But I reckon they must be very hard to get into.
 
Yes, akin to many people on the forum, I am in the same boat... trying to move into finanace from IT.
If you are interested in Math in Finance, here is the link that contains list of schools that offer the program:
http://www.quantfinancejobs.com/links/academic-research-courses.asp?dbid=&guid=

The reason I was looking into Stevens is that they do not have an application deadline, and there are chances that I can get started this fall if they accept me.
For other schools, it is too late for this Fall, and I have to wait till next fall for most schools as they do not accept students in Spring.

Since it is an expensive task ($3000 per course), I wanted to know if it is worth it if I get started right now and may be finsih in 1.5 years, or wait till next fall and try for NYU/Columbia.

Do you or anyone on the forum know anyone who has done this program from Stevens?
 
IT2CFA ....tell me something ....even if one is willing to pay the whole fees ...is getting into that course quite tough ??? I am 15 years removed from my degree in Engineering and have an ordinary academic record ....and now we will be competing for those seats with bright college kids ... U see my point ...Getting into MBA need not involve strong acedemics ...they look at many other things ...but this is a different ball game.
 
I have a friend who just got admitted into NYU ... he does not have a good academic record either... but got admitted as a non-degree student in which he could take 4 courses and prove his ability in Math... and depending on the grades he would be officially promoted to a Math in Finance major.
So, considering your experience in the financial industry... you might stand that chance too...but they need GRE scores... and if you do well in GRE ... you stand more than a chance.
 
hmm ....but I have only IT experience in the Finance industry but I do work for one of the big ones ...but this 4 course thing is encouraging . I know I will ace the 4 courses ...

Also .... if I get in .. I am planning to go FT .....do U think it's worth it ? I honestly think it's worth going FT if it's either NYU or CMU ....I dont know about Stevens ..although it is also a very good school ..but in NY area ...NYU is well known for it's Math Finance ...

As long as U get the jobs ... it may very well be worh it ...dont know if age will be a beotch ....
 
Right...If you want to go full time... NYU/Columbia is your best bet.
The only reason I was considering Steven is beause I wanted to get started asap and they also have online courses.
 
Interesting .... Let me give NYU a call and see what my options are ... Maybe it's pissible to change from PT to FT ....also ..want to know if someone in his lare 30 's has ever done this and has suceeded or not.
 
I have decided not to rush into it right now... I will probably take the GMAT and go full time to a better school next year... save the money by then... that is if dont get into the finacial industry by then.
 
Hmm ....In my case ....I have an opportunity to do an exec MBA from NYU ...but I have decided to forgo it for the moment .. I am planning to take GRE and apply to CMU/NYU or Princeton ....a person 15 years removed from Math ...but if I U talk to NYU and they let me take the 4 courses ....and if I ace them .... I mght have a fair shot ..what do U say ?

Do I have a chance ?
 
I am not sure if they will waive the GRE requirement to be considered for the non-degree admission .
They will let you take the four courses if they feel that you do not mee their admission criteria (bad GPA, bad math grades, not meeting the prerequisites), but feel that you have a good chance of graduating with the Masters (based on your GRE, work experience...)

One university I know that will waive the GRE/GMAT requirement if you had good work ex in the financial industry and your other credentials are above par is University of Chicago.
 
No No .. I am not saying I will not take GRE .. I am going to work hard and give it this December and see what happens. All I am saying is ....if I get good scores ( which I think I will ) ...1400 or so ....do I stand a chance ...and then if I do ...forgoing everything and getting that MS degree ...is it worth it ...
 
With that kind of scores and your experience, I am sure you wont have a problem getting in.
But is it worth it is a different question... I am as novice as you are.. and have never worked in the financial industry... but a few of my friends who did MS in math finance have landed in jobs in some hedge funds. From their feeback, I heard that they dont do the hard core modelling stuff (that is left for the Phd s), but are involved in stuff like risk analysis.
 
Ok .. so just landing a job in some Hedge funds may not cut it ..right ? I mean were they getting job offers from companies on Campus ...what I means is ..a.fter going FT ..if U have a decent job ..ur in good shape ...right
 
Yes ... a couple did get job offers from on campus (U of chicago Duke).
But dont expect to be making more than you are right now. Most of the people started at around (70k --- bloomberg and hedge funds), but one exceptionally genious person started at 100k at a hedge fund.
Allright... again since you are already a lot of experience in IT, my guess is the job offers you would be getting would be using the math finance in IT i.e... some scientist/phd would have made models and you would probably have to implement it. Unless you are really good at what you do ... I doubt that you would be doing the hardcore modelling stuff at the early stages of your career.
I dont know when the transition would happen to the hardcore finance stuff, because the people I know have just started their careers.
 
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