If I want to switch from engineering to trading should I do an MS in Financial Engineering or an MBA?
Asked by umairk
Posted in Switching Sectors and Trading
20 May 2008
Answer this questionAsked by umairk
Posted in Switching Sectors and Trading
20 May 2008
Answer this questionAn MS in Financial Engineering may get you a quant job, not a trading position. An MBA may open doors in the Investment Banking area generally but will likely not get you a trading position either (possibly equity analyst, operations, etc) . Trading is increasingly automated nowadays, so you may want to reconsider your options. In any case to become a broker you will at some point need series 7 and 63 certifications (in the US) for which you will need to be sponsored by your employer (generally a securities house).
JohnDoe 27 May 2008
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Do an MBA or an Msc at LBS. It will provide you with brand + 2nd yrs electives so intensive and advanced AND as much Financial Engineering as you would like them to be... . If u want more details just drop me a line.
bill.stepniak@db.com 27 May 2008
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Depends how old you are. Keep in mind, many of the major banks have an unofficial rule where they only hire traders UNDER the age of 26. If you are too old, may be too late for trading. But keep in mind, there are many other roads in Finance which pay a lot more than trading, if that is your goal.
Jon 27 May 2008
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MS in Financial Engineering......I did that.......Employers are looking for traders who have a strong analytical background but the MBA is just so broad you'll do courses that won't necessarily be important to the trading field.
Locksley 27 May 2008
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The Finance MBA (think Wharton, MIT & Chicago) is generally preferred for conventional trading, which requires a strong knowledge of finance, but is not extremely quantitiative in nature. Quantitative degrees, such as the M.S. in Financial Mathematics (think Chicago, Princeton, Columbia, or Carnegie Mellon), are generally preferred for derivative product development or hard-core quantitative trading strategies.
Mac 27 May 2008
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MBA is always a good degree to have specially in finance. you can get lots of other offer specially in hedge fund, investment banking. I am an MBA in finance so I know what an MBA offers for people who are looking for career tranisition. btw, 80% of the folks do MBA for career shift. I dont know much about course details of MS financial so can not comment. did you see CFA course work.
Victor 27 May 2008
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I would recommend the MS in FE as most of the trading roles we see are for algo trading/quant trading.
Kyle J. Ramkissoon 27 May 2008
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Trading positions generally only require a Bachelor's Degree. Recommend you go onto either an job posting aggregator web site, such as Indeed.com, or the job listings on efinancial careers and take a look at sample job descriptions for the positions you are thinking about.
Peter Jacobs, www.gccoach.com 27 May 2008
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