Re: Quants without phds?
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I've read at nuclearphynance that in a few years the masters in FE will be fairly obsolete because everyone will have them and to differentiate yourself you'll still need a PhD.
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i don't buy it. there's probably only 10-15 schools whose FE programs are worth anything on wall street, and their average class size is probably around 50. i don't see how less than a thousand people per year equates to everyone having an MFE in a few years.
if the MFE becomes "obsolete", it's more likely that it'll be because everyone has a phd.
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