Those coursework masters are pretty much free (EUR1500 per year or something iirc). Thanks for the tip, learn something new everyday.
What would you suggest then? I dont have a particular desk I want to join (i.e. exotics, equities etc). Equities and other vanilliaesque desks are still hiring? I am probably doing honours in geophysics (finite element method modelling) next year, but really have no idea what do do after that (in the realm of finance at least).
I don't want to be a hardcore quant - my work ethic for maths is not that intense.
I see why you say an economics background is helpful since you trade bonds, but econometrics you have always said its a watered down version of stats...
Lol...for someone who like to promote finance forum on BoS I thought you would be answering more questions than asking them
These degrees are cheap for locals but for foreigners I'm not so sure...can you post up a link? I thought they rip the balls out of foreign students, like in the US. I know a few structuring grads who got laid off but still carrying AUD +60k student loans from MFEs from CMU and NYU.
I don't think anyone is hiring anyone at all...
I mean at the postgraduate level something in financial economics/econometrics could be useful down the track. On the econometrics side, it's something I've wanted to do because
1) knowing some maths and stats theory gives you an enormous advantage compared to most econometrics people in the tools you can use for modeling, and
2) they aren't afraid to get their hands dirty with data and to empirically establish that the models are sound, instead of burying themselves in more and more theory that may not be applicable if the model doesn't work in the first place.
Most econometrics use time series/regression discrete time models that are backward looking (based on historical data), and not forward looking indicators from the market, eg implied vols, which require knowledge of continuous time stochastic models.
