Generally set under the business school. American. News and Entertainment. Among the top 50 comprehensive rankings given by the World Report, there are not many MSF. Well-known ones include Princeton University, Massachusetts Institute of Technology, Vanderbilt University, Washington University in St. Louis, Johns Hopkins University, University of Southern California and University of Rochester.
course
The setting form of MSF course is mainly to train financial professionals. MSF courses mainly include financial derivative securities, financial statements, enterprise decision management, investment analysis and so on. Its purpose is to cultivate students' comprehensive financial concept and teach them to study and analyze the operation of capital market and corporate finance. Most MSF designs do not pay attention to the in-depth training of basic mathematical ability (except Princeton and MIT projects). This kind of course is more suitable for people with certain financial and financial experience to continue their studies.
Typical core courses include investment analysis, corporate finance, financial management or management accounting, risk management, enterprise merger and acquisition, etc. Its basic subjects include economics, accounting and metrology (introduction to time value of money and statistics).
Application requirements
1。 Application background: MSF welcomes applicants from all backgrounds, mostly from business, economics, arts and sciences and other majors.
But generally speaking, MSF needs to be familiar with the company's capital flow and operation, and prefers students with accounting and financial experience. A background in mathematics and statistics is also necessary.
2。 Hard power: Different schools have different requirements. MSF programs in general business schools need GMAT scores, not GRE. Naturally, the higher the GPA, GMAT and TOEFL scores of the Troika, the better. For international students, language, especially spoken English, is very demanding.
3。 Pre-requisite courses: Some MSF majors have pre-requisite requirements. For example, Boston College requires accounting, calculus, statistics, financial management and other courses.
4。 Soft power: MSF usually needs an interview in the later stage of application, which will examine the applicant's knowledge and experience in business analysis and enterprise operation, and also requires employees to have excellent interpersonal communication skills.
Internship experience in finance or related field is preferred.
5。 Pre-preparation strategy: If you are not a student with financial background, I suggest you take more courses in finance, finance and statistics, and more courses in mathematics. You can try an internship in the financial field during the holiday.
Financial engineering
MFE is also called Master of Financial Engineering, and our domestic students often call it Financial Engineering.
This major requires applicants' mathematics and computer background, so many students think that MFE is a science degree in finance, while MSF is a liberal arts degree in finance. Perhaps it is because the education in our country has always focused on cultivating talents in science and engineering, so students think that MFE has higher technical content and higher gold content than MSF.
Therefore, many aspiring students think that they should do some "more technical" work, so they set the professional direction in MFE.
MFE, also known as quantitative finance and financial mathematics in the United States, is the most professional project among masters of finance. The model is widely used in financial engineering. It uses mathematical methods to analyze the stock trend and yield curve, and analyzes the pricing rules, functions and application strategies of various bonds.
It can be said that financial engineering is a discipline formed by the intersection of finance and mathematics, computational science and computer science. Financial engineering is theoretical and abstract. It widely uses mathematics, physics and engineering methods, and uses mathematical language instead of daily language to explain financial thoughts. Therefore, financial engineering has very high requirements for mathematics and computer programming.
With the acceleration of financial innovation, quantitative analysis plays an increasingly important role in the financial market and investment process, and the market demand for high-quality financial engineering talents also increases.
Generally, the project duration is 1-2 years, so it is a major with short investment time, but if you find a good job, the return will be quick.