The Student Room Group

Oxford MFE Program

Hello all. I am looking for help especially from past MFE graduates or current students. At the same time, anyone else please feel free to chime in with constructive criticism.

I am very interested in applying to the Oxford MFE for the 2008 - 2009 year. Here are my statistics:

Academic:
Yale History Major with a 3.1 GPA
I have also studied at Harvard for two summers
I have taken 3 economics courses in college

Work Experience
- Internship in trading at Merrill Lynch
- Internship in investment banking at Deutsche Bank
- Internship in investment banking at a smaller boutique

GRE/GMAT
-Scored a 690 on the GRE

Do I have a chance or should I just give it up?
Reply 1
I'm no expert, but you went to Yale and got 2 internships at big investment banks. That seems pretty good to me. There's no chance of you getting in if you don't apply, it's always worth a try really.

But like I said, I don't even go to Oxford so I have no idea, especially about the US system. :biggrin:
Reply 2
Chruchill
I'm no expert, but you went to Yale and got 2 internships at big investment banks. That seems pretty good to me. There's no chance of you getting in if you don't apply, it's always worth a try really.

But like I said, I don't even go to Oxford so I have no idea, especially about the US system. :biggrin:



Thanks for the reply. Any more from individuals associated with the program -- past or future?
Reply 3
While your academic credentials seem good, it's below the usual admittance for an Oxford masters. The internships should help somewhat, but with an average starting age around 25 most people on the course have some decent work experience. The big issue though would be how much maths have you taken? The MFE is a pretty mathematical course, and so having taken a few economics modules isn't really the issue, more whether you've taken a couple of maths ones.

I would also question why you're aiming for the programme. The MFE is not an easy route into a banking job, it's far more aimed as at least a part-academic course, looking at the economics behind finance. If that's what you want, it's a fantastic course, however if you're more looking at something for the CV to then go into banking, I'd recommend looking at the LSE's or LBS's finance masters programmes.
Reply 4
Drogue
While your academic credentials seem good, it's below the usual admittance for an Oxford masters. The internships should help somewhat, but with an average starting age around 25 most people on the course have some decent work experience. The big issue though would be how much maths have you taken? The MFE is a pretty mathematical course, and so having taken a few economics modules isn't really the issue, more whether you've taken a couple of maths ones.

I would also question why you're aiming for the programme. The MFE is not an easy route into a banking job, it's far more aimed as at least a part-academic course, looking at the economics behind finance. If that's what you want, it's a fantastic course, however if you're more looking at something for the CV to then go into banking, I'd recommend looking at the LSE's or LBS's finance masters programmes.



I am actually looking to get more into the trading / asset management side of things. I have not taken any maths past Calc I. I think more theoretical/applied knowledge is necessary before entering the financial markets. So, the MFE is not really for getting a job because I can get that now, it's more about really being prepared to add value and to succeed on the trading floor after having learned the underlying theory (or at least increase my chances of succeeding)

I have also thought about perhaps enrolling in Columbia's post-bacc in quant finance and then applying for Princeton and Oxford. However, I am not quite sure if the opp. cost of not working for three years as opposed to working in banking/trading for 3 years then getting a top tier MBA is worth it.

Would getting a post-bacc in quant finance + my credentials make me a shoo-in or at least substantially increase my chances at a place like Oxford and Princeton?
Pure Arbitrage
I am actually looking to get more into the trading / asset management side of things. I have not taken any maths past Calc I. I think more theoretical/applied knowledge is necessary before entering the financial markets. So, the MFE is not really for getting a job because I can get that now, it's more about really being prepared to add value and to succeed on the trading floor after having learned the underlying theory (or at least increase my chances of succeeding)

I have also thought about perhaps enrolling in Columbia's post-bacc in quant finance and then applying for Princeton and Oxford.
However, I am not quite sure if the opp. cost of not working for three years as opposed to working in banking/trading for 3 years then getting a top tier MBA is worth it.

Would getting a post-bacc in quant finance + my credentials make me a shoo-in or at least substantially increase my chances at a place like Oxford and Princeton?

I don't understand how you can enroll in a programme in quant finance even though you haven't done any maths past calc.

Or is it that in the US they would teach you the things all over again? In the UK many quant finance programmes have an admission test on maths (eg. Warwick's one).
Reply 6
spencer-smith
I don't understand how you can enroll in a programme in quant finance even though you haven't done any maths past calc.

Or is it that in the US they would teach you the things all over again? In the UK many quant finance programmes have an admission test on maths (eg. Warwick's one).


Columbia's post-bacc in Quantitative Finance is for college graduates who have not taken the levels of math necessary for admission to a masters or phd program in finance and/or economics. This begins at Calculus II and goes up to a high level of maths. They also include some computer science courses . You ca structure the program with an adviser after you are admitted to get what you want out of it.

A current student at Princeton's program attended the program after being a pre-med student at Cornell.

I am hoping that my credentials at Yale, coupled with my strong work experience (as an undergrad) and the quant finance program can get me into princeton or oxford's program
The UK system tends to be a lot more rigid. To get into quant fin programme you must have done either maths or physics (and also engg). They would start at advanced maths straight away.
Reply 8
spencer-smith
The UK system tends to be a lot more rigid. To get into quant fin programme you must have done either maths or physics (and also engg). They would start at advanced maths straight away.


well i think you have it mistaken. your quant finance programs are graduate degrees in and of themselves correct?

this is a post-degree certification essentially than enables students to get the maths they need so they can apply to a masters at say, Princeton, Imperial, Oxford, LSE, etc...
Pure Arbitrage
well i think you have it mistaken. your quant finance programs are graduate degrees in and of themselves correct?

this is a post-degree certification essentially than enables students to get the maths they need so they can apply to a masters at say, Princeton, Imperial, Oxford, LSE, etc...

But I am suggesting that in the UK, they don't enjoy taking in students from other disciplines. Students need to "decide on their lives" at 16 when choosing whether they want to do arts or sciences focused A-levels. Then at 18, they only get to choose one degree course and do that thru and thru. For the US, students can reasonable change between arts and sciences even till second yr of university.

The culture of flexibility is just not found in the UK. For quant finance masters, they requirement is BSc Maths or physics (or even some engineering), and some university like Warwick sets a selection test. You are expected to know 3rd year maths material before you enroll.
Thats tough. Any Oxford affiliates able to provide input?
Reply 11
The Oxford MFE pages seem to sell the course as an entry route for investment banking. However from this thread I get the idea that the course is more suited for academics. I graduated from UCL with an engineering degree. I have gotten the idea that the top ibanks are interested in the quality of your degree and also the institution you graduated from. I had a tough time breaking into ibanking when in London especially as an international student. Although LSE seems to be popular because of its location in London is there any other obvious advantage over the Oxford MFE program. Also does anyone disagree with the fact the Oxford MFE may not provide an entry route to ibanking? Perhaps people who have graduated from the course!
Pure Arbitrage

Yale History Major with a 3.1 GPA
I have also studied at Harvard for two summers
I have taken 3 economics courses in college

Work Experience
- Internship in trading at Merrill Lynch
- Internship in investment banking at Deutsche Bank
- Internship in investment banking at a smaller boutique

GRE/GMAT
-Scored a 690 on the GRE


The GRE and the GPA seem a little sub par to me.
Most decent programs expect 750 or more.
And you seem to have no work experience apart from internships.
And the MFE is very mathematical.
Reply 13
Hi guys am new here..and applying for the Oxford MFE program hitting the R2 deadline which happens to be tomorrow...
My profile...
Engineering majors in Electronics and Communications
Anna University 7.28/10 GPA..
8 months work ex in telecom field.
GRE- 780 quant
620 verbal

Please let me know what are my chances and if my profile will help me out in gettin an admit