| Topic Name: |
Engineers on Wall Street? |
| Message Name: |
Financial Engineering Positions |
| Date Posted: |
12/05/2003 |
| Message: |
I'm investigating my career options. I'm currently going back to school for a Masters in Chemical Engineering. I am wondering what my options on Wall Street will be either directly out of school or after a couple of years working as a Chemical Engineer. I am familiar with the options for analysts straight out of undergrad/MBA, however I am less familiar with options for people with other Masters degrees.
Specifically, I am interested in Financial Engineering/Quant positions. I am wondering:
a. What are the hours, work environment, job security, geographic constraints, travel requirements, and salesmanship requirements of Financial Engineering positions?
b. Is a Masters in Chemical Engineering with a focus on applied mathematics/modeling enough to qualify for one of these positions?
c. What particular skills (Monte Carlo simulations, Stochastic Calculus, C++ programming, etc. ) should one know for these positions?
d. Once obtaining my Masters in Chemical Engineering, would it be better to try to go straight into a Financial Engineering position or to work for a couple of years as a Chemical Engineer, go to business school, and then go into Financial Engineering?
d. Would doing a Masters in Financial Engineering (instead of Chemical Engineering) be a significantly better preparation?
e. If I obtained a Masters in Financial Engineering, would I likely find it necessary to go back for a MBA eventually?
Thanks
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