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[金工金数] SUNY Stony Brook Quantitative Finance

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gong55355 发表于 2013-12-13 20:35:34 | 显示全部楼层 |阅读模式

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本帖最后由 gong55355 于 2013-12-17 15:00 编辑

相比于其他专业,金工金数不仅竞争激烈,项目数量上明显也少很多,选择的余地有限,本人深知背景不强,所以在保底学校的选择上多花了点功夫,近日和石溪一名本科毕业生沟通,了解到他家Quantitative Finance项目的一些情况,虽然最后我还是决定不申他家了。但在地里分享给大家,感兴趣的朋友可以参考下。(中间也顺带了解了下他家统计项目的情况). 鐣欏鐢宠璁哄潧-涓浜╀笁鍒嗗湴

我:I want to apply for the SUNY Stony Brook Quantitative Finance program. Can you please update some new information about the faculty, courses, internship and employment rate ?. 涓浜-涓夊垎-鍦帮紝鐙鍙戝竷
他:I did not graduate from the Graduate program, but I studied there as an undergrad and got to know the students and the program quite well. I took a few of the masters level courses as well. The program is good because it has a few really smart hedge fund people working there. Take a look at the profiles of the professors. Everyone knows James (Jim) Simons, and they also have other really great practitioners, and are hiring more, so the program is developing.

However, most of the good news ends there. I studied with the masters students there, and they sadly, don't get jobs. Half of the PhD students have a good internship, and there are an abnormally large amount of PhDs for a program of its size. (About 12 last time I checked). Career services is no help, and Stony Brook isn't really a target school, so you will have to go find your own internship, or start your own hedge fund/prop firm (which is almost a culture at Stony Brook QF). That being said, Stony Brook's program is quite different from the programs of others. The courses it offers are not that demanding, but there are a few interesting ones such as "Important Papers in Quantitative Finance", and "Case Studies in Quantitative Finance" what you won't really see elsewhere.. 1point 3acres 璁哄潧
. Waral 鍗氬鏈夋洿澶氭枃绔,
The courses themselves are foolishly easy. However, this will be to your detriment when seeking jobs and going on quant interviews as the program lacks rigor when compared with the top quant programs, and the culture there isn't extremely motivated. You can see many of the alumni have tried to work for startups, or went in completely different directions (other than quant finance). You will however, be getting a bargain as Stony Brook tuition is extremely cheap.

The program is not selective at all. I know a stock broker who had no math background at all that got in. 99% of the masters students are Chinese, and don't speak English well enough to pass an interview. I spoke with the director of the program about this one day in his office, and he said "Honestly, I feel sorry for them. They won't really get anywhere."

That being said, the top 3 or 4 PhD students are doing really really well. If you can become one of those people, then you have a chance to do something with your life. I also know one Masters student who is currently interning at CME in New York. That's it. After graduating from undergrad, I felt like I really needed to get out, so I went to a different quant program, and my oh my, there are leagues and leagues of difference between the program I am in now, and what Stony Brook offered me.. Waral 鍗氬鏈夋洿澶氭枃绔,

. visit 1point3acres.com for more.

我:Useful information! It seems that I should reconsider whether applying for the QF program in SUNY. BTW, do you know something about the Master's program in Statistics in SUNY? Maybe that's a backup plan for me.
他:As with all MS Stats programs out there, you are really only getting a quantitative liberal arts education. Make sure that when you enter these program, you begin looking for a job from day one. I know many MS Stat students that still did not know what they wanted to do after the graduated, and ended up with no job. Since Stats is extremely broad, you have to specialize, and market yourself in that way to employers. Not all students are capable of this, and many just go into masters programs because all they know how to do is be a student.

So my advice is to make sure you are thinking about what kind of statistician you want to be, who employs those kinds of statisticians, what kinds of pay they get (and if you are comfortable with that), where these employers are, and how your MS degree will help you market yourself to those employers.

As for Stony Brook specifically, it is not the best program out there, but it has decent faculty. Like the QF program, 99% of these students are from China, and don't speak good enough English to pass an interview. Stony Brook is well-known in China because it is the flagship SUNY school, and Stony Brook sends many delegations to China (when I was an undergraduate there, I worked in the Chinese office that organized these missions). But the truth is, the closer are to the school, the worse the reputation is. ie. If you grew up in California, and Stony Brook is somewhat of a mystery to you, it will appear better than it is. All in all however, it is a good backup for students that are proactive, and really want to learn. (In terms of getting a job, and advancing your career, you had better do that yourself. Stony Brook is not going to help you at all. I also used to work in the Career Center.)


. Waral 鍗氬鏈夋洿澶氭枃绔,
我:Thanks a lot for your kind and detailed reply. I reread your words about QF program and stop by the sentence where you said the director of the program felt sorry for masters there. But as the director, why not do something to improve the career service and help those Chinese students to find jobs ? Does he have a plan to make the program better in future?
他:Zari Rachev is an academic more interested in his own research and his day job to care about improving the program itself. Robert Frey has been largely unable to teach until this year due to his morbid obesity (like seriously, no joke). They are both amazing people on their own, but very bad teachers in my opinion. You're not going to work for Renaissance by getting accepted into the program.

Rachev explicitly said to me that the Chinese students are in trouble because they are unable to communicate effectively in English. The Career Center can't really do much about that, since it can't convince employers that they want Stony Brook's QF students. This is also because Stony Brook is extremely unselective, doesn't do interviews, and will take any person off the street that applies regardless of their English ability, or even their mathematical ability. The top quant programs by contrast care very much about both, and quants from China in Columbia (the program that I think has one of the largest Chinese student populations) can speak rapid, idiomatic English..鏈枃鍘熷垱鑷1point3acres璁哄潧

Your English, while not perfect, is probably much better than the average Stony Brook QF student's, so I don't think there will be much of a problem there, but just remember that your success will come from yourself--not the school. You will have to make your own connections to New York, and find your own job. Stony Brook was virtually no help to me, mostly because it is a school that most quant employers don't take seriously--and I don't blame them. Just take a look at Linked In, and you'll see that Masters from Stony Brook QF don't really get those jobs that you are thinking about in bulge bracket banks.

So, tell me. Why are you thinking of applying to Stony Brook QF in the first place?


-google 1point3acres
我:Well, you are really informed.

                               
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Actually I applied for other quant programs like mfe in Baruch, NUY- Poly, etc. But I do consider for QF in SUNY just for safety's sake. Moreover, quite limited information about it is available so I'm not sure the faculties, reputation and placement match what they claim in the official website. To be honest, I heard before that students there can get easier access to working for Renaissance. So even if I get admitted, I may choose other programs as you said "Stony Brook is extremely unselective, doesn't do interviews, and will take any person off the street that applies regardless of their English ability, or even their mathematical ability".

                               
登录/注册后可看大图

他:MFE Baruch is very good, and is actively trying to build its reputation amongst the ivy leagues (which by comparison have become somewhat complacent). I don't really like NYU-Poly that much. It is a lesser version of NYU Courant, which has several hundred students compared to Courants's around 30. Many people get this mixed up, and Poly mostly just generates cash for NYU while many people mistakenly think that both NYU's have the same reputation. (They don't) Can't you apply for the ivy leagues? And no, going to Stony Brook does not help you get into Renaissance. Being a genius helps you get into Renaissance, and if you are a genius, go to Columbia or Princeton instead.

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清风糊涂仙 发表于 2013-12-13 22:01:40 | 显示全部楼层
感谢lz的资料!看了对QF的评价,心里有种深深的悲哀啊……外国人就是这么坑咱们同胞的钱的……
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 楼主| gong55355 发表于 2013-12-14 08:54:57 | 显示全部楼层
清风糊涂仙 发表于 2013-12-13 22:01 .鏈枃鍘熷垱鑷1point3acres璁哄潧
感谢lz的资料!看了对QF的评价,心里有种深深的悲哀啊……外国人就是这么坑咱们同胞的钱的……

也不能叫坑吧,石溪的学费已经是下限了,只能说很多去那的中国学生自身竞争力有限,系里帮不了太多的忙,当然项目本身有很多地方需要改进。How much one benefits from a particular MFE program depends on how much work one is willing to put in and whether that MFE program fits the interests/aims of a student.
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nsnxy 发表于 2013-12-17 00:24:48 | 显示全部楼层
楼主的帖子好赞,最好那一句Being a genius helps you get into Renaissance,是真的啊
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reanghect 发表于 2013-12-17 07:03:25 | 显示全部楼层
QF2013Fall新生看了略觉悲哀,呵呵,有些不得不承认是真的。
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smile舒米勒 发表于 2013-12-17 09:59:58 | 显示全部楼层
reanghect 发表于 2013-12-17 07:03 . 1point 3acres 璁哄潧
QF2013Fall新生看了略觉悲哀,呵呵,有些不得不承认是真的。

为什么不是叫QF track? 而是QF program,我是申请Stat,是入校以后选择track么, 总的来说这算一个MS in stat的项目么?
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 楼主| gong55355 发表于 2013-12-17 10:52:36 | 显示全部楼层
nsnxy 发表于 2013-12-17 00:24
楼主的帖子好赞,最好那一句Being a genius helps you get into Renaissance,是真的啊

是啊,以前一直以为石溪的学生进Renaissance应该有天然优势,看来事实并非如此
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 楼主| gong55355 发表于 2013-12-17 10:54:14 | 显示全部楼层
reanghect 发表于 2013-12-17 07:03
QF2013Fall新生看了略觉悲哀,呵呵,有些不得不承认是真的。

欢迎分享更多信息嘿嘿
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reanghect 发表于 2013-12-18 15:00:48 | 显示全部楼层
smile舒米勒 发表于 2013-12-17 09:59 . 鐣欏鐢宠璁哄潧-涓浜╀笁鍒嗗湴
为什么不是叫QF track? 而是QF program,我是申请Stat,是入校以后选择track么, 总的来说这算一个MS in  ...
. Waral 鍗氬鏈夋洿澶氭枃绔,
是叫QF track,Stat也是另外一个track。入校后会根据你申请的意愿默认分到你本来想去的track,但是自己改变主意想调整也可以。总的来说,五个track统称AMS Department的Master项目
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yfz688 发表于 2013-12-18 19:45:51 | 显示全部楼层
为什么这些话看着很眼熟。。。quantnet那个论坛里面经常看见有人这么说stony brook。。。。。。
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yfz688 发表于 2013-12-18 19:48:06 | 显示全部楼层
本帖最后由 yfz688 于 2013-12-18 22:55 编辑
reanghect 发表于 2013-12-17 07:03
QF2013Fall新生看了略觉悲哀,呵呵,有些不得不承认是真的。

据说stony brook会提供做项目的机会,而且有个数量金融center。。。。想要求证一下thx顺便问个私人的问题。。为什么放弃buffalo和wpi去了stony brook。。thx
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smile舒米勒 发表于 2013-12-18 22:51:04 | 显示全部楼层
reanghect 发表于 2013-12-18 15:00
是叫QF track,Stat也是另外一个track。入校后会根据你申请的意愿默认分到你本来想去的track,但是自己改 ...

真的有LZ说的那么不好么。。。感觉网页吹得很心动啊!
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reanghect 发表于 2013-12-29 01:35:08 | 显示全部楼层
yfz688 发表于 2013-12-18 19:48
据说stony brook会提供做项目的机会,而且有个数量金融center。。。。想要求证一下thx顺便问个私人的问题 ...
-google 1point3acres
如果是Master的话,什么center和什么项目机会的距离略有些远,自己好好混也许会有出路。Buffalo的MFE开在商学院底下,问了一些人感觉数理性不强。至于WPI和SBU,各有所长吧。
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reanghect 发表于 2013-12-29 01:39:50 | 显示全部楼层
smile舒米勒 发表于 2013-12-18 22:51
真的有LZ说的那么不好么。。。感觉网页吹得很心动啊!

有些是事实,有些夸大了。中国人的确多,但也没到99%那种地步。师资的确不错,Frey的身体原因也的确是导致整个Program停滞的很大因素。但是,说白了,到哪不都还是靠自己么
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alicez 发表于 2014-3-26 15:18:31 | 显示全部楼层
看到此贴,心里有了准备,石溪AMS在我心中的加分项就是它的地理位置以及QF这个track。我是要去读PhD的,在纠结……
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nyliny 发表于 2014-4-5 12:10:10 | 显示全部楼层
首先我想说我还是很为我们学校骄傲的,我是本科AMS。我们学校相比之下比较的物美价廉吧,虽说肯定不能和那些top 的quant program(NYU CMu....)相比啦。
我上过rachev的课,他人很好的,你如果表示对学科感兴趣,他会很耐心地给你讲,甚至给你看其他的paper,让你自己学更多的东西 上课时候也经常会提到industry的时候,经常提到用到的东西。 frey上学期也回来了,听说他教得很好。我觉得很多事情在自己吧,我知道rachev老大有的时候quant的公司的人来一起吃饭的。phd的学生,给我TA的知识都很扎实的,厉害的我也有看到老师给介绍去面试的。我们学校的career center网站会有时不时的有各公司quant的posting,我看到过的有two sigma, D.E Shaw还有我们学校的recuiting,还有blackrock等等,有的是针对我们学校的,有的可能只是advertising.不管怎样,我觉得resource还是有的,成事在人吧我觉得!如果机会来了的时候,如果你的资质都具备的话(technical skills等等),那么机会就是属于你的。反而如果你去那面就是想图个水degree的话,那么自然而然机会来了你就不会有好的准备,就会擦肩而过。
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nyliny 发表于 2014-4-5 12:11:35 | 显示全部楼层
还有我有些好奇楼主的interview是哪位哥们提供的?
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nyliny 发表于 2014-4-5 12:16:49 | 显示全部楼层
我的意见也仅供参考,我也只是上过一些课和了解过一些相关消息。如果楼主有问题我建议不妨直接email问问deparment,或者去学校亲自看看
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iamminggao 发表于 2014-4-15 19:49:05 | 显示全部楼层
今天凌晨刚拿到SBU的QF录取,打算拒掉。
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SuperMian 发表于 2015-1-5 02:18:36 | 显示全部楼层
其实我很想弱弱的问一句楼主帖子里提到的Renaissance指的是什么呀。。。。
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