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by chrisaycock 5208 days ago
You're looking for quant schools in New York? There are tons of those. The most common degree is the Master of Financial Engineering or equivalent. QuantNet maintains a list of the top programs in the US:

https://www.quantnet.com/mfe-programs-rankings/

But you should think very carefully about whether starting a new degree like this is worth it. Firstly, you'll notice that the tuition for all of these programs is very high, so there's a strong financial commitment to this.

More importantly, an MFE is extremely specialized; it's not like getting an MBA or an advanced degree in computer science, both of which will open doors for many opportunities. An MFE leads to a very limited set of employers since these programs don't teach the general programming or statistics or even finance skills that are widely applicable to other industries.

Lastly, without any prior experience in the field, a degree alone isn't very attractive to employers. And given the devastation that has occurred to the industry over the past few years, there are plenty of unemployed experienced people that you'll be competing with for jobs.

So you can go into a ton of debt for a degree with limited opportunities that likely won't come anyway.

2 comments

While the tuition is very high, a compromise is that the programs are surprisingly short. I know that at Berkeley--which has a fairly good MFE program, I think--the entire program only lasts one year. I think other programs are similar. This might make it more attractive than a cheaper but longer degree for some people.
I should've said "unschool". Mia culpa. There's no way I'd go back for another degree at this point. I just might be interested in finance related programming.
Wilmott's Certificate in Quantitative Finance is the way to go in your case:

http://wilmott.com/cqf.cfm

http://www.portfolio.com/executives/features/2008/08/13/Paul...

Am I reading this right... Wilmott's program is roughly $20K. Ouch, but I guess the salary expectation would also be considerably different too. Thanks.
Yeah, expensive, but the most highly regarded non-degree quant certification in the industry.