Whether you are preparing to enter the field of finance or are already working in the field and thinking about your next move, thoughts of advanced degrees such as MBAs or Masters degrees in financial engineering or financial mathematics may cross your mind.
While I’ll have much more to say on these topics in upcoming columns, here are a few tidbits to get you started.
Financial Engineering, Quantitative Finance and Financial Math programs If you are thinking of becoming a quant, you will find a degree in financial engineering or financial mathematics helpful. Both Columbia and NYU have outstanding programs, and Baruch and Hofstra, among other schools, do too. Many programs offer full and part time options.
You can also earn a very similar degree online through Columbia Video Network (CVN)! The courses are the same as the full time program, with the same professors, except for the lack of a few seminars. In addition, you can also earn a certificate in financial engineering through CVN. Learn more at www.cvn.columbia.edu where you can explore free previews, request additional information, learn about the degree and certificate programs, and find out when the next information session will be held.
NYU Master of Science in Mathematics in Finance Take courses from the Courant Institute of Mathematical Sciences. You can also pursue a dual Courant MS and Stern MBA degree program! There is an upcoming information session July 6 at 7 pm. See this www.math.nyu.edu/financial_mathematics/ for more information.
To MBA or not to MBA?
Have you thought about getting an MBA? Many people pursue this degree either to aid them in transitioning to a finance career, or to enhance the knowledge they already have. Since the pace tends to be a bit slower in the summer for many people, this might be the right time to lay the groundwork for your MBA.
Would you like to go full time? Part time? Online? Get a dual degree? Get international experience? The choices are almost limitless and can seem overwhelming. Fortunately, there are abundant resources here in the city to help you learn more about the MBA, which school and program to choose and what the program will be like.
The Columbia School of Business (CBS) The Columbia MBA provides weekly information sessions.These occur on campus
every Thursday at Warren 111 between 12:30 - 2:00 pm.
The Columbia Business School also often provides panels and receptions where you can meet students and professors to learn more about the programs. And, you can even visit an MBA class or two if you like. See this link http://www4.gsb.columbia.edu/mba/learnmore/visit for more information. While Columbia does not presently offer a part-time MBA program, it does offer both a full-time and Executive MBA.
If you are still unsure whether you want to go for an MBA or a quantitative finance degree, you might want to take Andrew Lo's test to see whether you might be a quant. web.mit.edu/alo/www/Papers/quant.pdf