Master of Stats OR MFE (OR Master of Industrial Eng)?

[garethalex]

Hi all,

I'm a year 3 student from National University of Singapore (NUS), currently exchanging in UCSD. My primary major is quantitative finance. I also got double major in Statistics and minor in CS. I plan to pursue a master degree, but could not decide between master of Stats or financial engineering (or even industrial systems engineering). At this moment, I'm aiming at job in banking area (To be honest, I haven't got a VERY interested area yet, if watching drama does not count lol). I know that stats provides more opportunity while MFE is more specific, but could anyone give me some advice other than that, based on my information here? Plus: I am open to every kind of possibility because I'm really confused.

Some of my basics are as follows:

GPA: 3.78/4 (Converted from 4.73/5)

1 individual research project (Econometrics based. Not published.).

Charted Financial Analyst (CFA) level I passed.

Relavant courses:

Math: Mathematical analysis I, II    Linear algebra I, II   Numerical analysis   ODE   Numerical PDE   Mathematical finance

Finance: Accounting   Corporate finance   Financial markets   Investment instruments

Stats: Probability     Regression analysis and linear model     R/SAS/SPSS programming    Planning: Stochastic process   Time-series   

CS: Data structure I, II    Computer organization     Language: Python, C++, Java, Matlab

[GoPackGo89]

If you haven't aready, it may help to ask this same question and provide the same information on the forums at:

wilmot.com

quantstart.com

quantnet.com

[garethalex]

On 2017/2/14 at 3:44 PM, statbiostat2017 said:

If you haven't aready, it may help to ask this same question and provide the same information on the forums at:

wilmot.com

quantstart.com

quantnet.com

LOL thanks for the advice. I will try to seek help there.

[MsHypatia]

Hi @garethalex. The good news is you still have plenty of time to decide. My only advice at this early stage would be to keep in mind that you can apply to a combination of both. Research departments and see if they have students who have been placed in the sector(s) in which you wish to work. Seems like Harvard stats has good placement in the financial sector, but I would check that.

[garethalex]

On 2017/2/18 at 11:47 PM, MsHypatia said:

Hi @garethalex. The good news is you still have plenty of time to decide. My only advice at this early stage would be to keep in mind that you can apply to a combination of both. Research departments and see if they have students who have been placed in the sector(s) in which you wish to work. Seems like Harvard stats has good placement in the financial sector, but I would check that.

Thanks. I will check that out. 

Seems like I would have advantage applying in MFE since I have completed many related course.