Michigan's Quantitative Finance and Risk Management Program Review: 2019

Deciding which quantitative finance program to attend is very challenging. These days there are so many options however not all programs are created equal. If you are going to spend the money at a top rated US university you want to make sure it is worth the money you spend. Not to mention you don't want to waste money on application fees.

Rating programs is very challenging as there is no easy way to measure academic rigor and the quality of job placement. Many schools have high job placement however they aren't placing students in quantitative finance.

Michigan is the first school that I will be ranking as an underrated quantitative finance. The program's official name is, "Master of Science in Quantitative Finance and Risk Management."

Program's Website

I rank Michigan's program a 4.5/5 STARS.
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REQUIRED READING:
Numerical Analysis by Timothy Sauer, 2nd edition

Essentials of Stochastic Processes by Richard Durrett, 2nd edition

Calculus for Finance II. Continuous time models by Steven Shreve

Stochastic Finance: An Introduction in Discrete Time by Hans Föllmer and Alexander Schied, 4th edition

Arbitrage Theory in Continuous by Tomas Bjork, 3rd edition

Monte Carlo Methods in Financial Engineering by Paul Glasserman

Linear Models with R by Julian Faraway, 2nd edition

Statistics and Data Analysis for Financial Engineering: with R examples by Ruppert, D. and Matteson, D.

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[adisinha]

I have class with Professor Nazari at Michigan, He is incredible

[andresrossi]

I'd be curious to know your review about the financial engineering program of my university, which isn't know around the world, and differences and overlaps with US programs

[whatwonderfulworld]

Can you make a video on CQF(Certificate in Quantitative Finance) Pleaseeee

[PK-mjhx]

Thanks it is very informative. How is the job placements now for this course.

[venkateshshenoy]

Thanks for the very useful comments and info!! Keep up the good work!

[arnaudtchekouteff]

Hey Dimitri, could you give your quick opinion on the Belgium based, 1-year program 'Quantitative finance' by the Solvay Brussels School of Economics? Thanks in advance!

[FruitloopLeviathan]

Awesome video, sadly I can only study in Canada for my undergraduate studies.
I have the choice to go into maths/cs or business administration at Mcgill.
Would a business administration with a major in maths and a double minor in finance and computer science be good enough to prepare me for financial engineering masters?
The math/cs department is easy to get into while the business administration program is really hard to get into in Mcgill. Since I have good enough grades, I feel like I should get into the B.A program, but if it's not enough for a quant career I don't want it.
Could anyone help me with this?

[tzuilee]

the program sounds to have great potential haha， just wondering if the location of UMichigan is great to get internships..

[nadekang]

Hi Dimitri, do you know how the professors at Michigan's Quant. Fin. program teach the math intensive courses? Do they use blackboard to show the proofs or just use PPT to briefly go through the surface without digging into the math implications? I notice a lot of such so called "quantitative" or "fin. engineering" programs in Europe are just PPT based courses, it doesn't help to learn math.

[dmitry]

Thank you for your work as always, Dimitri. Do I understand correctly that the only course in the curriculum that touches on interest rate modeling topics is Math 623: Computational Finance, with textbook being T. Sauer's Numerical Analysis?

[steez]

Can you do a video like this for UW's CFRM program?

[viveksingh-dcny]

please tell us about MSc Finance Princeton ?

[reenasingh]

Hi Dmitri, How is "Msc in Computational Finance" at UCL

[seth]

Why isn't this program on quantnet?

[billbill]

For an undergrad degree what would you take: Data Analytics, Data Science, or Stats?

[amj]

Excellent suggestion, I just looked at the admission deadline dates and it was Feb 1. Since I have not taken GRE yet I would not make it by then, I can make the UCLA dead line. How do you compare this program to UCLA program ? If I got accepted to UCLA should I go there or wait a lil bit for this one ?

[eleonorauzaxbergenova]

You look so handsome and thank you for video 😉