從CD上面看到的 覺得寫得不錯
金融與 IB ---- Demystified
本文適合對象:
guys who want to study in finance master program,including master in finance(MF),finance engineering(FE),mathematic finance(MathF),computational finance(CF) and MBA program with concentration in finance (MBAF)etc，下文統一以縮寫字母稱呼。（我不想寫英文，但是公司�沒有智慧輸入，用微軟是在難受阿，sorry, sorry)
為什麼要寫：
1。CD上的人10個�面8個想讀MF or MBAF的，但是8個�面3個自以為很瞭解Finance，其實錯的一踏糊塗的，4個基本不懂，選擇Finance就是完全的隨大流，還有一個算soso. 當然這不是個人的錯，完全是國內的fin edu太落後造成。雖然大家想讀點東西的動機是好的，但是盲目決策的代價有時是很大的。 希望我能給申請fin的朋友提供一點參考，減少一些麻煩。
2 。老闆不在，無事可幹，與其上網和MM聊天，不如為CD出點力。
First,i want to tell you the difference bw those programs.
MF: focus on corp fin,investment mangement,stock analysis etc.
FE: focus on derivatives and fixed income, MathFand CF are its two main branches. It can be either theoretical foucsed(MathF) or practical modelling skills oriented(CF).
MathF: foucs on math modelling skills, the so called "wall street rocket sciencist" mainly from this branch or from physics and math PhDs.
CF: focus on programing skills to model derivative pricing models or interest rate curve etc.
MBAF: basically, the same as MF.
(I have to point out that some programs' structure mixed with these subjects/contents,and take a general title as master in finance.When you try to differenciate those programs,dont care too much of it's title,but its course structure)
Second，難度，要求的技能，職業方向及誰適合讀。
MF: easy, no background requirment,anyone can take it.Sometimes they also teach everything from derivative to fixed income,but thats kinda of general education (啟蒙教育，或者叫金融掃盲）but mostly the future Career is,IBD( I mean the investment division in IB),Big 4,corp fin,any general financial skills position. Someone(especially MBAF) with good background and great interest can also take general positions in derivative and fixed income,like sales.CFA is most similar with this branch.Thats also what most of the MBAF focus,except the one in MIT.(Someone will argue with me,"Hi,man,in my MF/MBAF program in Harvard/MIT/stanford,the derivative, fixed income courses are the best among the best,taught by the most famous professors,do u know that?! .I want to be a derivative trader in the future!". 我只能說，兄弟大膽幹吧，沒有什麼事情是不可能的，不讀書都可能變成Soros，二塊錢彩票還能變500萬呢！
I think what most of the finance "Lovers" on CD think of "finance" is supposed to be MF/MBAF. Its also most suitable for liberal arts background (文科和經濟，"學經濟的，你們是文理兼修，我知道，暫時委屈一下"）students to study,especially consider the math education level in china's economics,finance,business major. (以我的中國排名250位的母校為參考，top 20的牛校的情況我不敢妄言）
FE: hard.advanced math skill,Some programming skills.Think it as a master in applied math in finance program is actually better.But compared to MathF and CF,its less demanding on the requirements and relatively easier for liberal arts guys to take it down if you can really study hard and devoted，and of course,you must be very smart.(比如，可以自己一個人三天內基本搞明白本科工科level的拉普拉斯變化，"什麼東東我學金融的從來沒有聽說過阿，廢話，你管他是什麼，叫你學就學吧，學完馬上去看泛涵分析"）當然這些東東本質上都是可以搞明白的，考試還是可以應付的。但是 if u dont have a solid background in math skills,its very hard to go beyond of textbook and further into this area,you are limited into not-seriously-technical positions in derivative and fixed income dep in IB.If you are very technical,any advanced positions in IB open its door to you though mostly you have to compete with phd students.
MathF: harder than FE in terms of math.不是讀數學,統計,物理,or any advanced technical degree in china的XDJM們，請慎重。有錢可以給希望工程，不要白給老美。"不是白給阿，畢竟我去了美國，也多少讀了阿""sorry,我是說申請費 "MF出來IB research,derivative trader,risk management， 基本沒有問題，可以進。
CF：very hard.high skills in programming.但是對數學的要求也不低，programming 上C++最好比較在行，最有有幾年編程的experience,出來可以在IB幫讀MathF的兄弟們做在草稿紙上的毫無用處的model做到computer, make it to be real applications which are heavily used to price the derivatives.Best paid job.and easiest to get job.even your english is BAD,no work permit,you can still enjoy the happiness to choose which company to go and negociate on the salary!
MBAF:見MF.
不過我要補充一句，所謂出來工作這個那個，都是以native english speaker with work permit 為假設的，對於90%中國學生來說，英語不好，那就不要多想IB了,"不是讀CF的可以嗎？""人家精通電腦語言，那不是英語啊？！" ）
寫到這基本ok了，我也要下班了，最後稍微說一下幾個popular的program.
Priceton(half MF half FE) ,CMU(CF),CU(FE),Chicago(MathF),stanford(MathF)NYU(MathF)的項目很難進去，我感覺國內讀出來的人，沒有工作經驗( i mean experience in IB,technical position,not bank of china,etc)the first three is very hard to get in,if sb majored in math/physics in the top 10 U in china,can try the later three.
Haas(FE),top rated program.hard to enter.
Boston(MF+ a little FE) the most easy one to get in,but yeah, hard to get job.but if you english is good,can try.Englsih is most important for this program.
CUNY(MathF).UF(MathF)kinda easy to get in,and not expensive,can try.not very bad.possible to get a technical job in a second or third tire bank.
MIT(MBAF and FE) good.應該是美國�最好的了in terms of career future.
還有一些學校圖蘭啊，orengen啊，等等我不熟，不知。
英國
LSE master in FE(FE),master in AF(MF),"two program,different",good program,best in europe.hard to get in for FE,easy to get in for AF.if good in english and communication,can try.can get a good job in IB even in UK.if not,but want to go to US to purse PHD,Good choice.Or else,"先考慮希望工程吧"
Oxford(FE),new program,no past information.
oxford(MathF) better than oxford FE.but hard to enter.better when out.
IC(FE+half CF).good.but not hard to get in.career prospect,see LSE
Cambridge(FE).good.hard to enter.
Once again,if your english is good,all above four schools are worth having a try,you can even get more chances to get a job in top IB than in US.However, coz they are all relatively easier to get in than US good schools, you must be more,慎重。
Other school in UK,not suggest,coz hard to get job.
把WORD附在下面 我也是上班偷來貼
所以排版有點亂 SORRY
