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masters in finance without finance as undergrad
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Date: August 29th, 2010 2:16 AM Author: marvelous shitlib background: i obtained dual BA's in economics and political science just a year ago.
question: i've been thinking of going back for grad school and getting my masters in finance. i was wondering if anyone had an idea as to the disadvantage i'd be at by not having my undergrad be finance? will it be absurdly difficult to grasp the graduate level material? play catch up?
i'd consider a master in economics, but an old professor said that's a pointless route unless i'm committed to also getting the Ph.D, which i'm not. was he correct?
context would help i'm sure...to make money! haha. any (helpful) thoughts are appreciated. |
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Date: August 29th, 2010 2:17 AM Author: Self-absorbed hall what do you do now? what do you want to do? (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909481) |
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Date: August 29th, 2010 2:21 AM Author: marvelous shitlib i trade. i spend most of my time self-researching potential buys and work with a broker to carry out the deals. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909510) |
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Date: August 29th, 2010 2:22 AM Author: Self-absorbed hall i think for you the cfa is a much better route to go both in terms of what it is you want to do and the time and money involved (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909518) |
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Date: August 29th, 2010 2:25 AM Author: marvelous shitlib i'd need to get on with an actual company to go at that though...i'm pretty sure it requires professional experience. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909543) |
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Date: August 29th, 2010 2:36 AM Author: Self-absorbed hall to get the charter yes. but not to sit for and pass the actual exams which are key. you'd learn a lot from studying for and passing the exams. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909613) |
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Date: August 29th, 2010 2:40 AM Author: marvelous shitlib interesting. i think i need to give this option more attention. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909637) |
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Date: August 29th, 2010 2:51 AM Author: Self-absorbed hall i encourage it tremendously. go in peace (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909701) |
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Date: August 29th, 2010 2:55 AM Author: marvelous shitlib much appreciated. maybe i should have already asked, but do you have personal experience with this? know of people who had a positive outcome going for one? (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909719) |
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Date: August 29th, 2010 2:59 AM Author: Self-absorbed hall i passed level 1 and am preppping for the level 2. yes. it will help open doors but it wont magically get you a job just by having passed level 1 or 2 or 3. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909740) |
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Date: August 29th, 2010 3:09 AM Author: marvelous shitlib understandable. how old are ya Cowboy? (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909793) |
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Date: August 29th, 2010 1:38 PM Author: turquoise corn cake temple I second Assman's suggestion (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15911679) |
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Date: August 29th, 2010 3:29 PM Author: marvelous shitlib Which suggestion bud? (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15912510) |
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Date: August 29th, 2010 7:46 PM Author: turquoise corn cake temple about going the CFA route (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15914352) |
Date: August 29th, 2010 2:17 AM Author: Chocolate supple address private investor You're probably not qualified for the tiny number of decent finance masters programs. All the others have very shaky job prospects, ITE. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909486) |
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Date: August 29th, 2010 2:23 AM Author: marvelous shitlib which programs are you thinking of?
could be the case. i'm certainly no finance geek. it was a secondary interest until just about 2 years ago. given my lack of interest in the broader field of economics, and my seriously decreasing interest in law, it seemed a good alternative. |
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Date: August 29th, 2010 2:31 AM Author: Chocolate supple address private investor The main top program is Princeton. MIT also recently started one that's supposed to be solid, but also very expensive. If you have more of a math background, there are good master's of financial engineering degrees at places like uchicago and berkeley, but it doesn't sound like you qualify. Below that, there's a pretty large gap. Next tier consists of places like BC, vanderbilt, hopkins and uillinois, which have been hammered by ITE. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909585) |
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Date: August 29th, 2010 2:35 AM Author: marvelous shitlib it's true my lack of a math background is my largest obstacle for those particular programs. so be it though.
i can't help but wonder what do all of those college students who go to an average college for a finance undergrad, and then a finance masters as well, do for a career? what do those credentials get them into? |
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Date: August 29th, 2010 2:37 AM Author: Chocolate supple address private investor http://www.business.illinois.edu/msf/CompaniesHiring.aspx Anything from ibanking, to working in the finance depts. of F500s, to retail banks. |
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Date: August 29th, 2010 2:42 AM Author: marvelous shitlib that really doesn't sound so bad. if that's the case though, then why is there such a suppposed gap between those programs and the more top level programs (i.e. princeton)?
it seems quite an enjoyable livelihood could be obtained from those lower-tiered options...no? |
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Date: August 29th, 2010 2:44 AM Author: Chocolate supple address private investor employment rate at grad there is something like 60-70%. There's a much higher risk of getting fucked at a lower-tiered program, although you definitely could end up doing well. Also, check out how ITE has changed hiring (even in school published data): http://www.business.illinois.edu/msf/EmploymentStats.aspx |
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Date: August 29th, 2010 2:46 AM Author: marvelous shitlib understandable. part of the system i suppose. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909670) |
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Date: August 29th, 2010 2:45 AM Author: marvelous shitlib an addition: that sort of route might be exactly what i want now that i'm thinking of it. granted, my undergrad wasn't finance, but would i be at a total loss having an economics background? (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909664) |
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Date: August 29th, 2010 2:47 AM Author: Chocolate supple address private investor No, you won't be at a disadvantage academically. However, w/e matters for both admission and hiring afterward. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909680) |
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Date: August 29th, 2010 2:49 AM Author: marvelous shitlib to how much of an extent? should i try to pick up a desk job at a local bank branch? or is my experience as an investor sufficient? (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909691) |
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Date: August 29th, 2010 2:54 AM Author: Chocolate supple address private investor I couldn't gain enough info about your current job from the description above...what sort of organization do you work for? (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909712) |
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Date: August 29th, 2010 2:57 AM Author: marvelous shitlib none; my trading is entirely personal. i use a broker who's licensed to carry out the trades, but i do my own research and such. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909730) |
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Date: August 29th, 2010 3:00 AM Author: Chocolate supple address private investor hm...I really have no idea how your work background will play into all of this. It's drastically different from what I'm familiar with. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909744) |
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Date: August 29th, 2010 3:03 AM Author: marvelous shitlib i'll admit i don't know of anyone else doing what i do, personally. i could be doing it for a firm; be a broker myself, but i just haven't accepted any offer like that. what are you more familiar with? (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909763) |
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Date: August 29th, 2010 3:07 AM Author: Chocolate supple address private investor I went to an IB target school, but struck out with bank recruiting and work in second-tier consulting. I've considered an MSF, but decided it wasn't worth the risk relative to my current position. My friends interested in finance are mainly in ibanking, consulting and f500 finance depts, or else still looking for work. I'm on track to go for a decent MBA, and I will have more options after that (depending, of course, on the economy) (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909785) |
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Date: August 29th, 2010 3:13 AM Author: marvelous shitlib IB target school? sorry, this whole subject matter is still new to me, as is some of the terminology.
and an MBA...always an option for myself as well.
ITE...fuck it. |
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Date: August 29th, 2010 3:17 AM Author: Chocolate supple address private investor IB target school=place where investment banks recruit on campus fairly heavily. Mainly the ivy league plus some other top places (stanford, uchicago, duke etc.) An MBA really helps some ppl's careers, but ITE fucking blows. |
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Date: August 29th, 2010 3:20 AM Author: marvelous shitlib ahh, gotcha.
and agreed. in many ways an MBA is/was like a law degree...typically an overall positive venture. now, its a total crapshoot. |
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Date: August 29th, 2010 3:13 AM Author: aphrodisiac sweet tailpipe trailer park For UChicago I assume you mean the financial mathematics program, right? (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909821) |
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Date: August 29th, 2010 3:16 AM Author: marvelous shitlib i think he does. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909829) |
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Date: August 29th, 2010 3:30 AM Author: Chocolate supple address private investor yes (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909900) |
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Date: August 29th, 2010 3:33 AM Author: aphrodisiac sweet tailpipe trailer park Seems like a good program. I briefly considered it. Ultimately, the main thing is your background in math. Everything else is optional. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909915) |
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Date: August 29th, 2010 3:36 AM Author: Chocolate supple address private investor I looked it up when I first heard about it and its recruiting, but I was quickly deterred by the level of math it required. It seems like it'd be a pretty good move if you're not already in a great position, and you have the required math background, but their standards are obviously very high on that last part. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909934) |
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Date: August 29th, 2010 3:46 AM Author: aphrodisiac sweet tailpipe trailer park For me I just realized that this isn't what I wanted to spend the rest of my life doing and that my JD would be completely wasted. I had not taken math in a while but I felt that I could pretty quickly get up to speed if I needed to.
But if I was say, a guy who graduated from a math ugrad and had no idea what to do with myself and loved both math and finance then this would be a pretty strong option. |
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Date: August 29th, 2010 4:00 AM Author: Chocolate supple address private investor Yeah, I think it's pretty clearly designed with that last guy in mind, and anyone else either doesn't meet the requirements or wouldn't have enough to gain from the program. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15910046) |
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Date: August 29th, 2010 6:18 AM Author: aphrodisiac sweet tailpipe trailer park Seems right. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15910451) |
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Date: August 29th, 2010 4:19 AM Author: Chocolate supple address private investor Also, is it just me, or does MSFM sound like some sort of sexual pairing? (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15910146) |
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Date: August 29th, 2010 4:31 AM Author: Filthy multi-colored station It really isn't. They should go for regular math grad school. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15910196) |
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Date: August 29th, 2010 4:51 AM Author: Chocolate supple address private investor It can be a good idea for math majors from schools where ibanks don't recruit who are merely looking to get into finance as a career. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15910276) |
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Date: August 29th, 2010 6:17 AM Author: aphrodisiac sweet tailpipe trailer park LOL, mfe. Of course, you're completely wrong - you're much more competitive for a job on Wall Street with this degree than with a pure math grad degree. The extent to which you overvalue pure math is astounding and demonstrates your inability to integrate into US culture. HTH. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15910450) |
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Date: August 29th, 2010 6:55 AM Author: Filthy multi-colored station Math is basically 80% of postgraduate level education/research in any field of science. Top CS PhD programs prefer the math subject GRE to the CS subject GRE. u mad? (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15910454) |
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Date: August 29th, 2010 7:00 AM Author: aphrodisiac sweet tailpipe trailer park You should totally show me by getting an MS in pure math followed by a PhD! Have fun!
By the way, I like how your response has nothing to do with your original statement. |
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Date: August 29th, 2010 7:04 AM Author: Filthy multi-colored station You dont think a math PhD has a better chance to land a quant job than some Master's in Finance striver? (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15910456) |
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Date: August 29th, 2010 7:07 AM Author: aphrodisiac sweet tailpipe trailer park That is totally the comparison I'm making you stupid fuck!
MS Math v. MS financial mathematics = you lose, aspie. |
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Date: August 29th, 2010 7:11 AM Author: Filthy multi-colored station I said "he should go for a regular math graduate school".
I don't think a terminal MS degree in math fall into that.
Hint: no one gets master's in math, unless they are preparing for PhD. |
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Date: August 29th, 2010 7:17 AM Author: aphrodisiac sweet tailpipe trailer park So you're advising a guy who is concerned that the MS in financial mathematics (1 year) has too much math in it to get a pure math PhD (many years) to shoot for quant jobs which he isn't even sure he wants? Gee, you're really being helpful. Die of penile cancer.
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Date: August 29th, 2010 1:28 PM Author: Filthy multi-colored station "But if I was say, a guy who graduated from a math ugrad and had no idea what to do with myself and loved both math and finance then this would be a pretty strong option." (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15911609) |
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Date: September 1st, 2010 11:03 PM Author: aphrodisiac sweet tailpipe trailer park A math PhD would be an entirely different level of commitment. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15943848) |
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Date: August 29th, 2010 7:15 AM Author: Filthy multi-colored station and oh u mad (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15910464) |
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Date: August 29th, 2010 7:17 AM Author: aphrodisiac sweet tailpipe trailer park I'm annoyed that you bother to give really dumb advice to people actually asking for help. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15910468) |
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Date: August 29th, 2010 1:29 PM Author: Filthy multi-colored station Um, I told him to go for an MBA down below. The math PhD thing is not about the OP. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15911614) |
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Date: August 29th, 2010 4:01 PM Author: Chocolate supple address private investor If you limit this to just quant jobs, then absolutely. Finance jobs in general? No. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15912780) |
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Date: August 29th, 2010 7:10 AM Author: Filthy multi-colored station I've done the core undergrad sequences for a math major, and plan to take algebra (Lie, linear, and commutative), combinatorics, and number theory again at the graduate level. So getting a MS in pure math is really not that big of a stretch. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15910458) |
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Date: August 29th, 2010 7:18 AM Author: aphrodisiac sweet tailpipe trailer park OMG OMG OMG that is so amazing! Maybe you won't die a virgin after all!
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Date: August 29th, 2010 1:30 PM Author: Filthy multi-colored station u seem mad that you didn't take enough math to be considered for any CS grad school. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15911618) |
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Date: August 29th, 2010 1:44 PM Author: Electric light national fortuitous meteor (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15911711) |
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Date: September 1st, 2010 11:04 PM Author: aphrodisiac sweet tailpipe trailer park LOL, ok mang. But if I did, how awesome would you think I was? (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15943856) |
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Date: August 29th, 2010 2:26 AM Author: Filthy multi-colored station I know a few people planning on doing a MFE. They are mostly people of middling intelligence, but buy into the BIGBANKING models n bottles narrative completely. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909547) |
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Date: August 29th, 2010 2:28 AM Author: marvelous shitlib ahh but buy into a falsehood is exactly what i don't want to do. its part of the reason i'm looking past law school. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909559) |
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Date: August 29th, 2010 2:28 AM Author: Confused infuriating school go to Princeton and if that is a no go try LSE (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909564) |
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Date: August 29th, 2010 2:30 AM Author: marvelous shitlib princeton...prob couldn't get in. although i'd have to take the GRE first and see what my scores would be.
LSE...i'd actually love to do that. |
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Date: August 29th, 2010 2:32 AM Author: Confused infuriating school you'd need at least a 680 for LSE IMHO (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909591) |
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Date: August 29th, 2010 2:35 AM Author: Confused infuriating school London>NYC in terms of finance NY is overrated and TTT (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909604) |
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Date: August 29th, 2010 2:37 AM Author: marvelous shitlib haha on the broadest of definitions i'd say NY is overrated. i literally have zero desire to go there. i'd enjoy saying no to a job offer in that area. just my personal preference... (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909617) |
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Date: August 29th, 2010 2:47 AM Author: Filthy multi-colored station wait, you hate NYC and want to do finance? why? (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909675) |
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Date: August 29th, 2010 2:51 AM Author: marvelous shitlib i know, i know...odd. i enjoy the field. but i don't enjoy that area. society does exist outside of NYC... (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909696) |
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Date: August 29th, 2010 1:47 PM Author: Electric light national fortuitous meteor (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15911726) |
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Date: August 29th, 2010 3:32 PM Author: marvelous shitlib Haha I honestly can't counter that argument. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15912526) |
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Date: August 29th, 2010 2:49 AM Author: effete hospital mother what would u need to get into lse besides a gre? essays, lors, grades, we?? and what kind of job could u get afterwards? i would seriously consider that if the answers were positive. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909686) |
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Date: August 29th, 2010 2:52 AM Author: marvelous shitlib don't hijack my thread! haha.
as would i. |
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Date: August 29th, 2010 2:54 AM Author: effete hospital mother your thread is irrelevant if those questions are a negative. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909713) |
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Date: August 29th, 2010 2:58 AM Author: Cracking piazza idiot they like foreign students money (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909736) |
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Date: August 29th, 2010 3:12 AM Author: effete hospital mother and a job?? (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909811) |
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Date: August 29th, 2010 1:42 PM Author: Titillating mahogany potus stage 680 in GRE Quant is very low for any Finance or Econ PhD and also for most M.A. LSE is a good M.A. and most students would have at least 740+. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15911697) |
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Date: August 29th, 2010 2:35 AM Author: Filthy multi-colored station I don't really know if it's falsehood, but they just talk about finance and their plan constantly, and their notion of finance seem to be very idealized. There was one of these people in an upper division math class. He asked the professor at the start of the semester if the stuff he is teaching will prepare him for his MFE. The professor was like, "I don't think those programs go into this much theory." He was also like really gun-ho about trying to appear impressive, but toward the end of the semester, it was obvious he wasn't even keeping up with the material. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909601) |
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Date: August 29th, 2010 2:37 AM Author: Confused infuriating school honestly a Nigger can pick up finance its not that difficult its the connections etc that is the hard part (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909618) |
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Date: August 29th, 2010 2:40 AM Author: Filthy multi-colored station Yeah, could be. It was just weird to have some dude ask in a pure math class if this will prepare for his MFE, and I remembered it.
He was also literally bottom of the class. he would ask about problems during discussion sessions that were like just completely obvious. |
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Date: August 29th, 2010 2:50 AM Author: Chocolate supple address private investor If this wasn't second semester of his senior year, he was also in the bottom tier of ppl aiming for finance or else he wouldn't be interested in going for an MFE right after UG. All the decently smart finance gunners are hoping for jobs in the field when they graduate. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909695) |
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Date: August 29th, 2010 3:02 AM Author: Filthy multi-colored station he definitely was not in the running for any competitive internships or out of UG jobs. I kinda think MFE's are just cash cows in general. Like they try to pass off as quantitative degrees, but quant hiring is mostly science PhDs. It seems like people from the top MBA's have a much better chance to land something. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909753) |
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Date: August 29th, 2010 4:31 AM Author: Chocolate supple address private investor I agree with all of this, although Princeton's is possibly the sole exception. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15910192) |
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Date: August 29th, 2010 2:47 AM Author: marvelous shitlib is this true? is finance something i could pick up without the finance undergrad? (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909677) |
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Date: August 29th, 2010 2:39 AM Author: marvelous shitlib i certainly struggled with certain math courses in my time, but i knew it going in.
this may be contradictary, but i'm not a math person; that's why my first major was in political science. however, i love studying economics and dealing with the stock market. odd? |
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Date: August 29th, 2010 2:44 AM Author: Filthy multi-colored station I don't know that much about finance, but I don't think you need more than a basic competence in math for any non-quant finance job. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909655) |
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Date: August 29th, 2010 2:48 AM Author: salmon electric furnace abode Correct (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909683) |
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Date: August 29th, 2010 2:54 AM Author: marvelous shitlib so i wouldn't be in for a asskicking trying out finance with my non-finance background? (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909711) |
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Date: August 29th, 2010 2:56 AM Author: salmon electric furnace abode Probably not. My dad has been in the high levels of finance ( investment management, ibanking) for 25+ years and couldn't even help me with my math homework back in 10th grade. You'll be fine. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909722) |
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Date: August 29th, 2010 3:00 AM Author: marvelous shitlib has your dad enjoyed the field? did he attend an average college or something more prestigious? what he does sounds exactly like what i had in mind when i first started looking into this whole thing. and thank you. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909742) |
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Date: August 29th, 2010 3:01 AM Author: salmon electric furnace abode Average college + T10 MBA (Columbia, Tuck, NYU, Duke), but this was back in the 70s. Yes, he enjoys it. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909750) |
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Date: August 29th, 2010 3:08 AM Author: marvelous shitlib an MBA was my other consideration. i've heard there broad nature is a turnoff to employers nowadays though; that it's a smarter play to get something more focused and specialised. interesting to know even with an MBA he found himself into the finance area. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909790) |
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Date: August 29th, 2010 3:20 AM Author: salmon electric furnace abode Most finance/Wall St. doods have an MBA. An MS in finance or MFE are fairly new and aren't exactly mainstream yet. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909855) |
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Date: August 29th, 2010 3:23 AM Author: marvelous shitlib i'm not sure if that makes them a better or worse option. perhaps a finance MS will become more desired among employers because an MBA is seen to be too par for the course. i could be wrong. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909865) |
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Date: August 29th, 2010 3:28 AM Author: salmon electric furnace abode That might be the case when comparing lower tier MSF programs vs lower tier MBA programs, but a top MBA is still the preferred degree by banks, hedge funds, etc. It's also the most versatile (just in case you decide you'd prefer consulting, management, brand management, etc over finance). (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909890) |
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Date: August 29th, 2010 3:40 AM Author: marvelous shitlib Good point. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909955) |
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Date: August 29th, 2010 2:56 AM Author: Chocolate supple address private investor No, not at all, especially with a background in a strongly related field (econ) (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909725) |
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Date: August 29th, 2010 3:02 AM Author: marvelous shitlib much appreciated. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909757) |
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Date: August 29th, 2010 2:48 AM Author: marvelous shitlib now what seperates the quant jobs from the non-quant jobs? (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909684) |
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Date: August 29th, 2010 2:51 AM Author: Filthy multi-colored station most quant jobs are filled by science or math PhDs. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909700) |
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Date: August 29th, 2010 2:53 AM Author: marvelous shitlib and is a non-quant job so bad? decent pay? enjoyable work environment? i have to admit i'm just beginning my research on the topic so i know fairly little right now. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909708) |
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Date: August 29th, 2010 2:57 AM Author: Filthy multi-colored station no, most finance jobs are non-quant jobs. They pay a shitload too, but they just don't care about your math background nearly as much.
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Date: August 29th, 2010 3:06 AM Author: marvelous shitlib this seems to be the type of career i'd like. something in the non-quant area of finance. good pay is always enjoyable too. and that's why i started thinking a masters in finance might be the way to go. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909779) |
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Date: August 29th, 2010 3:09 AM Author: Filthy multi-colored station go for an MBA instead. I think you can focus on finance in some MBA programs too.
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Date: August 29th, 2010 3:15 AM Author: marvelous shitlib now that would be the best of both worlds it seems. now i just have to shoot for the best program i can get into haha. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909825) |
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Date: August 29th, 2010 2:57 AM Author: Chocolate supple address private investor quant jobs are a fairly small minority of finance positions (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909732) |
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Date: August 29th, 2010 2:53 AM Author: Cracking piazza idiot nyu ain't no joke (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909709) |
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Date: August 29th, 2010 3:11 AM Author: marvelous shitlib no, it's not. but i have no interest in NYC. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909807) |
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Date: August 29th, 2010 3:21 AM Author: aphrodisiac sweet tailpipe trailer park You realize that finance is NYC-centric, right? (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909856) |
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Date: August 29th, 2010 3:27 AM Author: marvelous shitlib unfortunately. but i don't have to live in NYC to work in the field. much as how law is NYC-centric, but a lawyer can make a great living on the other side of the country.
now that i'm thinking of it...anything could be said to be NYC-centric; fashion industry follows the hot trends of NYC, club owners stylize their club themes after well known NYC hotspots, etc. but still the world outside of NYC persists quite well on its own.
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Date: August 29th, 2010 3:30 AM Author: aphrodisiac sweet tailpipe trailer park No, it really isn't how law is NYC-centric. Most legal work has nothing to do with NYC with the exception of work related to Wall Street. The thing is that finance as a whole is about as NYC-centric as say, M&A or cap markets. Is it possible to work in finance outside of NYC? Maybe, but ITE you'll be lucky to get something in NYC. So if you refuse to consider NYC then you really should do something else. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909897) |
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Date: August 29th, 2010 3:31 AM Author: Confused infuriating school TMF do you have brown hair and brown eyes or are you blonde? (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909906) |
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Date: August 29th, 2010 3:33 AM Author: aphrodisiac sweet tailpipe trailer park The former. Why? (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909918) |
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Date: August 29th, 2010 3:35 AM Author: Confused infuriating school I know you (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909928) |
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Date: August 29th, 2010 3:35 AM Author: aphrodisiac sweet tailpipe trailer park Based on brown hair/brown eyes? Wait, vat? (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909930) |
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Date: August 29th, 2010 3:37 AM Author: Confused infuriating school I masturbate to you sometimes just based on what you write on XOXO I don't know you IRL but I jack it to your XOXO persona and I always pictured you with brown hair and brown eyes for some reason lucky guess I suppose (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909936) |
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Date: August 29th, 2010 3:38 AM Author: marvelous shitlib I think that argument only works at a certain level of finance. The field as a whole cannot be employing people purely in the NYC area. Finance services are needed in other area of the country.
I'm hoping someone else can back me on this because I def don't know enough to make the argument alone. It just seems logically flawed that I could only get a job in this field in a particular geographic area. |
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Date: August 29th, 2010 3:42 AM Author: aphrodisiac sweet tailpipe trailer park I presume that if you're getting a grad degree in financial mathematics that you're going to be shooting for the top level and not be the guy that evaluates people's eligibility for a mortgage in a suburb of Indianapolis. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909960) |
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Date: August 29th, 2010 3:48 AM Author: Chocolate supple address private investor This is true, but the top level of finance also exists in SF, Chicago, Houston, and some other cities to a lesser extent. Also, there is there is the middle ground option of working in an F500 finance dept. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909979) |
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Date: August 29th, 2010 3:50 AM Author: marvelous shitlib F500 finance dept!
Or work in a secondary major city, yes. |
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Date: August 29th, 2010 3:51 AM Author: aphrodisiac sweet tailpipe trailer park Yes, but ITE I definitely wouldn't count on any of that. Also, I imagine the F500 route involving starting at a financial analyst position along with recent ugrad graduates. seems like you wouldn't be maxing your potential.
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Date: August 29th, 2010 3:55 AM Author: Chocolate supple address private investor Afaik, going into ibanking from a finance masters would also require starting as an analyst along with recent ugrad graduates. Agreed that ITE fucks over this whole field completely. |
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Date: August 29th, 2010 4:00 AM Author: aphrodisiac sweet tailpipe trailer park You're probably right, actually. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15910043) |
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Date: August 29th, 2010 1:55 PM Author: Electric light national fortuitous meteor (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15911785) |
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Date: August 29th, 2010 3:48 AM Author: marvelous shitlib Neither. Mid range between those two options would be preferred.
I'm not striving to be some national finance superstar, and I don't want to live in Indy either.
And to be fair, I'm more interested in a masters in finance, not financial mathematics. Financial mathematics graduate work was brought up somewhere along the thread as an option. |
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Date: August 29th, 2010 3:53 AM Author: aphrodisiac sweet tailpipe trailer park Yeah, I was thinking about the UChicago financial mathematics program myself (before deciding against it). From what I've seen of most grad level finance programs, they are pretty much all extremely math heavy. It sounds like what you're looking for is an MBA with a finance concentration (for those that offer concentrations). (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15910003) |
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Date: August 29th, 2010 3:59 AM Author: marvelous shitlib I appreciate the suggestion. I think, based on what a few have said in this thread, you're right. My math skills, and interest, don't match up with the optimum finance programs out there. However, an MBA with finance concentration seems more in line with my abilities, while still having some hand in the finance area. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15910038) |
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Date: August 29th, 2010 4:01 AM Author: aphrodisiac sweet tailpipe trailer park Just be realistic about the value of all this ITE. As others have mentioned, ITE has really done a number of this area. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15910049) |
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Date: August 29th, 2010 4:29 AM Author: marvelous shitlib Most definitely.
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Date: August 29th, 2010 3:31 AM Author: Self-absorbed hall most of it is, yeah (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909904) |
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Date: August 29th, 2010 3:34 AM Author: marvelous shitlib So am I crazy to be avoiding NYC? Could I not work in the field anywhere else in the country? (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909924) |
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Date: August 29th, 2010 3:35 AM Author: Self-absorbed hall you can but some stuff is heavily concentrate in nyc. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909929) |
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Date: August 29th, 2010 3:42 AM Author: marvelous shitlib I see. I suppose I should say I heavily prefer to work somewhere other than NYC. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15909961) |
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Date: August 29th, 2010 1:50 PM Author: turquoise corn cake temple i'm on the cfa track and I just plan on working in Texas.
I have no desire to work in NYC |
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Date: August 29th, 2010 3:36 PM Author: marvelous shitlib I'm much the same. NYC holds little appeal for me; I'm much more interested in working somewhere in the south or lower east coast. However, I'm lucky enough to be fairly mobile for the foreseeable future. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15912544) |
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Date: August 29th, 2010 1:32 PM Author: Shimmering Sinister Dilemma Organic Girlfriend I have one of these. I don't really do anything with it, but it helps me deal with asshole experts. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15911632) |
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Date: August 29th, 2010 3:38 PM Author: marvelous shitlib I just want to be certain...you have an MFE? i may be tracking your response to the wrong post... (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15912557) |
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Date: August 29th, 2010 9:31 PM Author: Shimmering Sinister Dilemma Organic Girlfriend I have a Master's Degree in Financial Economics. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15915366) |
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Date: August 29th, 2010 7:36 AM Author: Stimulating Disturbing Community Account why are you using a broker to execute your trades?
don't you know interactivebrokers.com is like a dollar a trade? and also instant unlike phoning up your guy and telling him what to do? |
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Date: August 29th, 2010 3:48 PM Author: marvelous shitlib As of now, a large reason I still go through him is that I always have. He was managing my portfolio before I took a bigger interest in it and trading. My understanding was my lack of a license limits the amount of trades I can make, as well as a few other particulars. Is this incorrect?
I'll give that website a look...I've only recently been considering moving to an online system for trading and cutting out the middleman, as long as I don't lose any trading abilities. |
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Date: August 29th, 2010 2:03 PM Author: chestnut excitant marketing idea Ever thought about asking this on an actual finance board? (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15911864) |
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Date: August 29th, 2010 2:39 PM Author: Red curious really tough guy well its obvious this guy is a 2 or 3L who struck out at OCI who does a little bit of daytrading and wants to switch into finance (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15912165) |
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Date: August 29th, 2010 4:01 PM Author: marvelous shitlib I've never come across you on other threads so I'm not sure if you're an idiot, asshole, or just blunt so I'll be nice...you're entirely mistaken. I'm a 0L.
I came across this forum a while back when I had a higher interest in attending law school, and I've stuck around for the debate and amusement even now that I've moved away from the idea of doing law.
I finished my UG and began doing what I'm doing now. Law still doesn't seem the right option for me, so I'm considering other ventures. It's true I've developed a greater interest in finance in the last few years as i went through my economics program...so I'll give you that one. |
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Date: August 29th, 2010 7:56 PM Author: Red curious really tough guy so why exactly did u not get a real job after graduating? are u playing with enough money (over 50k) that u could actually make a living day trading? (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15914456) |
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Date: August 29th, 2010 9:18 PM Author: marvelous shitlib i wasn't ready to/didn't want to. i was enjoying trading more and more over the last few years as i got into it more seriously and given my only slightly above average grades i wasn't looking at anything too stellar ITE. Plus, i was making more doing trades than any job would have offered me.
my portfolio now is in the 400k-450k range. nothing spectacular, but that's also with only a few years of part-time effort behind it. |
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Date: August 29th, 2010 3:54 PM Author: marvelous shitlib Who says I haven't?
I'm familiar with this board and the knowledgeable people who visit it and I wanted to seek out their thoughts. And while this forum is intended for law, you can scan the thread titles and see many posts go off the law topic; many touch on topics of investing, finance, advice on obtaining higher degrees, etc.
Do you recommend a specific forum/board? |
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Date: August 29th, 2010 4:07 PM Author: Red curious really tough guy wallstreetoasis (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15912827) |
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Date: August 29th, 2010 9:19 PM Author: marvelous shitlib thanks, i'll take a look at it. don't be surprised if you see a similiar post over there in the next week or so. do you use the same handle on that forum? (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15915282) |
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Date: August 29th, 2010 9:40 PM Author: Balding base cumskin ask http://www.analystforum.com/ too (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15915400) |
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Date: August 29th, 2010 10:10 PM Author: marvelous shitlib much appreciated. (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15915632) |
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Date: September 1st, 2010 11:09 PM Author: razzmatazz turdskin what was the response there? (http://www.autoadmit.com/thread.php?thread_id=1408599&forum_id=2#15943905) |
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Date: September 2nd, 2010 1:26 AM Author: marvelous shitlib I'm afraid I haven't had a chance to make a posting there just yet; I've had a busier past few days than expected.
Thanks for the interest though.
In the next week or so i will get around to posting to both suggested sites and I'll be certain to return to this thread and relay the responses to you all. |