Industry Veterans Rank Financial Engineering Programs Based on Wall Street
Recruitability
MANHASSET, N.Y., Aug. 4 /PRNewswire-FirstCall/ -- TechWeb's Advanced
Trading, the premiere source for objective industry-specific content for
trading executives, today announced the Top Ten schools for quantitative
analysts. Working closely with Wall Street veterans, Advanced Trading chose
the top schools in terms of financial services recruitability. Published in
the August issue, the article entitled, "The Top 10 Quant Schools, According
to the Street" was written by executive editor, Cristina McEachern. The
feature story can be found online at:
http://www.advancedtrading.com/showArticle.jhtml?articleID=209102204.
Quantitative analysts -- known in the industry as "quants" -- use complex
algorithms to trade more effectively and grow portfolios. Quants are
increasingly in high demand on Wall Street, driving more universities to
establish educational programs for critical financial services positions.
Programs typically run one to two years with a heavy concentration in math and
programming.
Many quant schools offer a Master in Financial Engineering (M.F.E.)
degree, while others offer similar degrees, including a Master of Science in
Financial Engineering (M.S.F.E.), a Master of Science in Financial Math
(M.S.F.M.), a Master of Science of Mathematics in Finance (M.S.M.F.) and a
Master in Mathematical Finance (M.M.F.).
The Top Ten schools are:
-- Carnegie Mellon University
-- Columbia University
-- Cornell University
-- New York University
-- Princeton University
-- Rutgers University
-- Stanford University
-- University of California at Berkeley
-- University of Chicago
-- University of Michigan
For the first time, Advanced Trading assembled a board of Wall Street
veterans to help compile the university list, including: Robert Almgren,
cofounder of Quantitative Brokers, adjunct faculty member at New York
University Courant Institute's Mathematics in Finance program and former
director of the Mathematical Finance program at the University of Toronto; Ian
Domowitz, managing director of networking and analytical and research products
at ITG; Steven Janowski, head of financial engineering at FX Solutions; and
Leo Murphy, manager of Trading Technologies' University Relations Program.
The top schools were chosen based on the following criteria: Students
level of experience coming into the program; program age; program structure;
specific program classes relating to financial services; Wall Street faculty;
student preparedness for financial services positions post program; alumni
success on Wall Street, and overall financial services recruitability of
students graduating.
"Quants are making an essential contribution to the financial services
industry," said McEachern. "The top ten quant schools are actively preparing
students for Wall Street, by providing the necessary demanding skills sets
required for achieving success in this evolving new career."
About Advanced Trading (www.advancedtrading.com)
Advanced Trading provides head traders with cutting-edge information on
the hottest trading trends and technology strategies shaping the market and
driving a competitive advantage. Advanced Trading is the premiere source for
objective industry-specific content and gives traders direct access to
industry news, analysis, expert opinion and behind-the-scenes views of the
technologies being used by the industry's leading firms.
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Contact:
Alix Raine
United Business Media LLC
516-562-7827
araine@ubm-us.com
SOURCE TechWeb
Alix Raine, United Business Media LLC, for TechWeb, +1-516-562-7827,
araine@ubm-us.com
