Dimitri you're just amazing. Your commitment to Quant Finance is very commendable. Although the quant YT scene is very small, your content and the value it provides more than make up for it.
Hey Dimitri. Any thoughts on Georgia Tech's Quantitative and Computational Finance masters? I'm already an undergraduate at GT in CS, and I'm thinking about going into quant finance. Georgia Tech allows undergraduates to start taking MS in CS classes their junior year, and several of the classes for that can be double-counted for the QCF masters. Theoretically, I could graduate with two masters degrees for roughly the price of one in less than two extra years (being in state helps with that). GT is consistently in the top 15 on QuantNet, but doesn't seem to get much press, which makes me nervous. GT is probably the only quant masters program that I'd consider. If I don't end up doing that, I'll probably just end up doing a CS PhD somewhere else. I'd love to hear your thoughts. Thanks!
Could you do this for Europe? For example, I think there are several QFin master's in Spain and I'm not quite sure if they are worth it. They look very expensive and not that rigorous... Personally, I am doing my master's at WU in Vienna, Austria and I have to say that it is, overall, the best bang-for-buck QFin master's you can get because higher education is public in Austria and, therefore, quite cheap for foreigners (I pay 1500 euros in tuition each year; 3000 in total). The faculty has well-known names in the community, research output is high and you can choose between a Science and an Industry track. They have several collaborations with local banks, insurance companies and investment funds.
@@m.k.3197 Never said they have industry staff. In the industry track, which is probably what you meant, you get assigned to do a project for a company and that gives you a fair amount of credits and decreases your workload on the thesis a little bit. In the science track you visit research seminars, read and write papers and have more focus on your thesis.
@@JorgeFrias1117 Pues estoy en el último semestre y la verdad es que ha valido mucho la pena, a pesar de ser un programa exigente. Yo estoy encantado. Al menos para mí, que no soy matemático puro jeje.
@@ps-dh8ef I'm literally going there this spring bro xD. Their placement record shows majority students working in the East Coast. You should check out their quantnet standings. They are one of the best in every sense of the word
Stony Brook oddly gets passed over on many lists for some reason. I think it is because they are more academically focused instead of having the attitude of, "how do I place students and maximize salaries."
Non participant programs are reviewed solely from their official websites as well as any interactions I have had with the program or their graduates. Non participants are more of my opinion as they have not provided me anything special (anyone should have the same information I have). TU Delft's curriculum look good and the university has a good reputation. They seem more rigorous than some other big named quant programs in Europe as well. I just tried to review their website to give you more details on why I think they are good however it looks like the website is down.
Thanks for the quick reply! Oh, I’d love to hear your review on TU Delft’s program, and other Dutch universities because I feel they are being underrated. I had actually sent you an contact inquiry about this thru your website.
hi dimitri, i appreciate this video. I wanted to know what you think of the Computational finance Msc at University College London (UCL). I’m coming from a Bsc Economics background, how could I best prep myself for a masters in computational finance
The staff at Stony Brook are heavily invested in their students. One of the only programs that were able to tell me about the individual students when I was hiring.
What do you think about the master in quantitative Finance from Goethe University Frankfurt. Its a fast track master and replaces 2 years in a 3 years PhD.
There are two programs listed in the non-participant list. EU is really an industry of its own. A few programs were invited to be reviewed in 2022 but they were not interested.
Sir i got am admit from fordham for fall 2024 msqf program....Please make a video on fordham so i can make a educated decision while finalizing my program...thank you for making these videos...they are very helpful.
That video has been on my to-do list. The short answer, they are focus on programming much like Baruch. They are very similar to Baruch in the curriculum as well and are being directed by an ex-industry professional.
@@DimitriBianco thank you so much for your reply. So fordham is more like professional masters instead of academic masters. I also had the feeling seeing the curriculum but I thought the focus on machine learning might put it into statistics bracket. Would you recommend joining it? I want to build strategies for algo trading and also possibly work as a trader in future. I also don't mind working in a market making hedge fund.
Any reason you listed NYU Tandon specifically in your Non-Participant List? There seems to be a consensus on quantnet at least that MSc Mathematics in Finance at NYU Courant is the superior program.
Both programs cover a different type of student. Courant is more rigorous however Tandon covers a wider range of topics and classes. I also had more inside information on Tandon when Peter Carr ran the program so I was more confident listing it.
Investment Science (Luenberger) Quantitative Risk Management (McNeil, Frey, and Embrechts) Linear Models with R (Faraway) Analysis of Financial Time Series (Tsay) Linear Algebra and Its Applications (Strang) Options, Futures, and Other Derivatives (Hull) - I have read parts of this during grad school but never owned the book.
I plan on doing some more book reviews and lists. I might try and purchase a few books on one topic (like time-series) and then discuss the pros and cons of the books as well as what to buy for specific purchases. Of course all of this takes time which is my main constraint.
@@DimitriBianco Thank you so much Dimitri, I am also studying Ruey Tsays Analysis of Financial Time Series side by side Yes, finding time with job is very difficult I could imagine
It's just another name for quantitative finance masters. They can have the name: financial engineering, Computational Finance, financial mathematics, quantitative risk, quantitative finance, or something similar but they are all teaching something similar. The actual program courses being taught is a better indicator of what you'll learn.
Hi Dimitri, I can take the Vector Auto Regression course next semester. Fo you think that is something helpful for my career? Have you worked with RATS? Thank you.
I have never used RATS software. VAR models are interesting. I have fit a few in my career however we never ended up using them as the final model. If you want to focus on time-series, I would take the course. Time-series is used in most areas of finance.
Thank you Dimitri for your response. The professor asks us to use RATS since it has a package specifically designed for VAR. Did you do the VAR analysis in R?
Hey Dimitri, thank you for your content. Are quants in contact with definition, theorem proof style Mathematics, for example reading reasearch or do they only use applied mathematics? How interesting is this job from a mathematical perspective? Or in other words is the math like in the Shreve book? Or is that only the case in academic jobs?
It varies a lot from firm to firm but typically we are not doing proofs. Some areas like financial engineering (derivatives sell side) will be more math heavy. Firms are all designed to make a profit so every project needs to have some applied potential. Even though I don't do a lot of math per se, those who understand the definitions and proofs end up building better models. When you build a model you have to make decisions and ask the right questions. Those who lack a rigorous background always seem surprised on how a few people seem to make far better models. Explaining every decision is tiring and most don't understand how something like an understanding of math conditions impact which model was chosen.
Hi Dimitri. Thankyou very much for your valuable time and making efforts to guide us. I working in Modelling team in Treasury dept of international bank in India. I am looking for a good online programs in Quant Finance. Is there any MS programs can be completed online and how valuable isit. I am already preparing for FRM. Wish I can take a break and do a full time MS program but I might take some more time
It underlies many topics as a foundation course. For example, option pricing utilized stochastic processes which I would argue fits within statistics. Real analysis is a foundation to understand stochastic process. Time-series is also related to stochastic processes. Now that being said I never took real analysis. I wish I did though as it helps you think about problems differently.
Nope. I do not deviate much out of the US because the job markets abroad are very different. For example, I can't compare salary and job responsibilities of US graduates against South African graduates as it wouldn't be fair. The US has much high salaries and a lot more jobs in quant finance. Academically I could compare them however I also utilize an industry perspective as to how the skills fit into the US job market. There are really a lot of challenges in comparing programs outside of a specific country especially those that are not global finance hubs.
Dimitri you're just amazing. Your commitment to Quant Finance is very commendable. Although the quant YT scene is very small, your content and the value it provides more than make up for it.
Hey Dimitri. Any thoughts on Georgia Tech's Quantitative and Computational Finance masters? I'm already an undergraduate at GT in CS, and I'm thinking about going into quant finance. Georgia Tech allows undergraduates to start taking MS in CS classes their junior year, and several of the classes for that can be double-counted for the QCF masters. Theoretically, I could graduate with two masters degrees for roughly the price of one in less than two extra years (being in state helps with that). GT is consistently in the top 15 on QuantNet, but doesn't seem to get much press, which makes me nervous. GT is probably the only quant masters program that I'd consider. If I don't end up doing that, I'll probably just end up doing a CS PhD somewhere else. I'd love to hear your thoughts. Thanks!
Could you do this for Europe? For example, I think there are several QFin master's in Spain and I'm not quite sure if they are worth it. They look very expensive and not that rigorous... Personally, I am doing my master's at WU in Vienna, Austria and I have to say that it is, overall, the best bang-for-buck QFin master's you can get because higher education is public in Austria and, therefore, quite cheap for foreigners (I pay 1500 euros in tuition each year; 3000 in total). The faculty has well-known names in the community, research output is high and you can choose between a Science and an Industry track. They have several collaborations with local banks, insurance companies and investment funds.
Qué opinas del programa de QFin en WU Vienna? Comenzaré mi máster ahí este año!
@@m.k.3197 Never said they have industry staff. In the industry track, which is probably what you meant, you get assigned to do a project for a company and that gives you a fair amount of credits and decreases your workload on the thesis a little bit. In the science track you visit research seminars, read and write papers and have more focus on your thesis.
@@JorgeFrias1117 Pues estoy en el último semestre y la verdad es que ha valido mucho la pena, a pesar de ser un programa exigente. Yo estoy encantado. Al menos para mí, que no soy matemático puro jeje.
I am really Passionate about QF of WU. Apart from the tution, How do you rate it? How is the employbility for non german speakers?
No UChicago, Princeton or Haas? Howcome?
Haas? why would anyone want to study quant finance in LA? do they want to do quant finance for Fitness Influencers???
@@ps-dh8ef I'm literally going there this spring bro xD. Their placement record shows majority students working in the East Coast. You should check out their quantnet standings. They are one of the best in every sense of the word
Nice that more programs participated this year :). What happened to the non-participants section?
It is still on the website. The only change was TU Delft was added.
Nice to see my local university, Stony Brook on the list!!
Stony Brook oddly gets passed over on many lists for some reason. I think it is because they are more academically focused instead of having the attitude of, "how do I place students and maximize salaries."
bring a video about the books that you bought this year dimitri, its gonna be really interesting to see!
I plan on making some more videos on books.
Hi Dimitri. Could you perhaps enlighten us on the Non Participant Programs you listed on your site, like TU Delft?
Non participant programs are reviewed solely from their official websites as well as any interactions I have had with the program or their graduates. Non participants are more of my opinion as they have not provided me anything special (anyone should have the same information I have).
TU Delft's curriculum look good and the university has a good reputation. They seem more rigorous than some other big named quant programs in Europe as well. I just tried to review their website to give you more details on why I think they are good however it looks like the website is down.
Thanks for the quick reply! Oh, I’d love to hear your review on TU Delft’s program, and other Dutch universities because I feel they are being underrated. I had actually sent you an contact inquiry about this thru your website.
@@vickyt.819 I'll try and give you a more detailed response to your email.
hi dimitri, i appreciate this video. I wanted to know what you think of the Computational finance Msc at University College London (UCL). I’m coming from a Bsc Economics background, how could I best prep myself for a masters in computational finance
Now I'm thinking of applying to Stony brook as well lol
The staff at Stony Brook are heavily invested in their students. One of the only programs that were able to tell me about the individual students when I was hiring.
@Dimitri Bianco surprised that Fordham made to the list, never looked at them that way !!
Thank you.
What about Baruch MFE? Have you heard any inside information about that program? What’s the word on the street?
Baruch is listed as a non-participant school on my list. They are more buy side and programming focused.
What do you think about the master in quantitative Finance from Goethe University Frankfurt. Its a fast track master and replaces 2 years in a 3 years PhD.
can you do something like this but for eu?
There are two programs listed in the non-participant list. EU is really an industry of its own. A few programs were invited to be reviewed in 2022 but they were not interested.
Great video! Thank you! Could you make a review on the math/stats programs at Oxbridge/Ivy/Stanford?
Sir i got am admit from fordham for fall 2024 msqf program....Please make a video on fordham so i can make a educated decision while finalizing my program...thank you for making these videos...they are very helpful.
That video has been on my to-do list.
The short answer, they are focus on programming much like Baruch. They are very similar to Baruch in the curriculum as well and are being directed by an ex-industry professional.
@@DimitriBianco thank you so much for your reply. So fordham is more like professional masters instead of academic masters. I also had the feeling seeing the curriculum but I thought the focus on machine learning might put it into statistics bracket. Would you recommend joining it? I want to build strategies for algo trading and also possibly work as a trader in future. I also don't mind working in a market making hedge fund.
@angadbhatti123123 yes, Fordham would be good for hft. The program has really improved over the last few years and they are focusing more on rigor.
@@DimitriBianco thank you for your guidance 😀😀
@@DimitriBianco sir 1 last doubt...with fordham msqf will I be pushed towards quant dev jobs instead of real quant jobs like model building?
Nice haircut. Looks good.
Thanks!
What are your thoughts on UCB MFE program?
Any reason you listed NYU Tandon specifically in your Non-Participant List? There seems to be a consensus on quantnet at least that MSc Mathematics in Finance at NYU Courant is the superior program.
Both programs cover a different type of student. Courant is more rigorous however Tandon covers a wider range of topics and classes. I also had more inside information on Tandon when Peter Carr ran the program so I was more confident listing it.
@@DimitriBianco Makes sense. Thanks, your videos are super helpful!
Dimitri could you please share which other text book did you purchased apart of Glasserman?
Thank you so much Dimitri
Investment Science (Luenberger)
Quantitative Risk Management (McNeil, Frey, and Embrechts)
Linear Models with R (Faraway)
Analysis of Financial Time Series (Tsay)
Linear Algebra and Its Applications (Strang)
Options, Futures, and Other Derivatives (Hull) - I have read parts of this during grad school but never owned the book.
I plan on doing some more book reviews and lists. I might try and purchase a few books on one topic (like time-series) and then discuss the pros and cons of the books as well as what to buy for specific purchases. Of course all of this takes time which is my main constraint.
@@DimitriBianco Thank you so much Dimitri,
I am also studying Ruey Tsays Analysis of Financial Time Series side by side
Yes, finding time with job is very difficult I could imagine
Hi, Whats your opinion on financial mathematics masters?
It's just another name for quantitative finance masters. They can have the name: financial engineering, Computational Finance, financial mathematics, quantitative risk, quantitative finance, or something similar but they are all teaching something similar. The actual program courses being taught is a better indicator of what you'll learn.
@@DimitriBianco Thank for answering
What is free M.S FE from WORLD QUANT UNIVERSITY? Is it worth it?
If you're in the EU it's ETH Zürich or it's pretty much over
Hi Dimitri,
I can take the Vector Auto Regression course next semester. Fo you think that is something helpful for my career? Have you worked with RATS? Thank you.
I have never used RATS software. VAR models are interesting. I have fit a few in my career however we never ended up using them as the final model. If you want to focus on time-series, I would take the course. Time-series is used in most areas of finance.
Thank you Dimitri for your response. The professor asks us to use RATS since it has a package specifically designed for VAR. Did you do the VAR analysis in R?
Hey Dimitri, thank you for your content. Are quants in contact with definition, theorem proof style Mathematics, for example reading reasearch or do they only use applied mathematics? How interesting is this job from a mathematical perspective? Or in other words is the math like in the Shreve book? Or is that only the case in academic jobs?
It varies a lot from firm to firm but typically we are not doing proofs. Some areas like financial engineering (derivatives sell side) will be more math heavy. Firms are all designed to make a profit so every project needs to have some applied potential. Even though I don't do a lot of math per se, those who understand the definitions and proofs end up building better models. When you build a model you have to make decisions and ask the right questions. Those who lack a rigorous background always seem surprised on how a few people seem to make far better models. Explaining every decision is tiring and most don't understand how something like an understanding of math conditions impact which model was chosen.
@DimitriBianco Thank you a lot for your answer.
heey, Can you do a book review on a good stochastic calculus book?
It depends on your background but for a general book I did a review for stochastic calculus.
ua-cam.com/video/24VLSYw4Yf0/v-deo.html
Hi Dimitri. Thankyou very much for your valuable time and making efforts to guide us. I working in Modelling team in Treasury dept of international bank in India. I am looking for a good online programs in Quant Finance. Is there any MS programs can be completed online and how valuable isit. I am already preparing for FRM. Wish I can take a break and do a full time MS program but I might take some more time
I'm not very familiar with online programs as we don't hire from them in the US. CQF would be the best of the ones I know.
@@DimitriBianco cool. Post Frm next year I will prepare for CQF. Thankyou very much for your guidance!
Hi Dmitri, is real analysis important for stats?
It underlies many topics as a foundation course. For example, option pricing utilized stochastic processes which I would argue fits within statistics. Real analysis is a foundation to understand stochastic process. Time-series is also related to stochastic processes. Now that being said I never took real analysis. I wish I did though as it helps you think about problems differently.
@@DimitriBianco thanks for the advice Dimitri!
Could you share the book's name ?
I will be doing more book reviews and it will cover the ones that are common among these programs.
Any south african universities?
Nope. I do not deviate much out of the US because the job markets abroad are very different. For example, I can't compare salary and job responsibilities of US graduates against South African graduates as it wouldn't be fair. The US has much high salaries and a lot more jobs in quant finance. Academically I could compare them however I also utilize an industry perspective as to how the skills fit into the US job market. There are really a lot of challenges in comparing programs outside of a specific country especially those that are not global finance hubs.
Wooo first!
Thank you.