Thursday September 17, 2009 | Financial Math Prospects Q&A about our program. To post to this blog, either post a comment by clicking on the comment, or Login then click on New entry. |
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General
Importance of Letters
Applications are considered as a whole package, so there are no limits on GPA or GRE scores. A weakness in one part of your application can be balanced by a strength in another part of your application. Recommendation letters should address your work ethic, your academic ability, and your determination to succeed. Choose letter-writers that will address these issues. At least one letter should address your quantitative (math) abilities. We may not be familiar with the people writing you letters, so use your personal statement to inform us of the background of the people who write you letters.
Part-time students
Q: I am interested in doing Masters in *Financial Mathematics. *Could you please let me know whether this program is also offered part time? A: We certainly permit students to complete the MFM on a part-time basis; however, keep in mind there is a 6-year time limit on courses used for the program. Also, many of the courses are offered mid-day, not at times convenient for persons with full-time jobs.
Academic Background
Q: Can I gain admission even though I have a degree that is not in mathematics.
A: All admitted students have a strong background in mathematics; however most students that attend the program have an engineering (or related) degree, such as Indistrial or Electrical Engineering, Computer Science, etc. Posted by scroggs ( Jan 04 2008, 09:38:16 AM EST ) Permalink Comments [2]
What to include in your Personal Statement
Use the Personal Statement to provide information that would result in a more favorable review of your application. Make your application easy to read and understand. Some sample topics you can include in your Personal Statement are listed below. You are not required to include this information, but it could be helpful.
Posted by scroggs ( Nov 21 2007, 10:15:55 AM EST ) Permalink Comments [0]
Can't take the GRE before Feb. 1
Q: I want to ask whether it would be worthwhile to give the GRE subject
test on April 12th- the next date.
Because the scores of this test would only be reported by 23rd May.
Will it be too late by then and will the GRE subject test be helpful to
you to assess the application?
A: Since the GRE is only recommended, and we will process most (all?) applications in the first few weeks of February, taking the test in April would not help most students. The exception would be for students that do not have high marks (grades) in their courses. These student might need to demonstrated their knowledge by taking the GRE subject test. Posted by scroggs ( Nov 21 2007, 10:06:19 AM EST ) Permalink Comments [0]
Employment History
The prospects for Financial Math/Financial Engineering is tremendous, and the graduates of our program are landing great career oriented jobs. The IAFE web site provides a good view of the market as a whole, and the career paths of graduates of the NCSU program reflect this outlook. If you are fascinated by quantitative analysis of markets and pricing and have mathematical talent, FM/FE is a great career path.
I invite you to visit the NCSU FM Jobs Blog that I created about a month ago, and the IAFE web site. Visit http://www.math.ncsu.edu/finmath/links.html Posted by scroggs ( Nov 18 2007, 09:26:41 PM EST ) Permalink Comments [0]
What are my chances of being admitted?
We do not pre-screen applications. To know if you will be admitted, you must apply to the program (link at the website below).
You are encouraged to compare your scores with the information posted on the website http://www.math.ncsu.edu/finmath/req.html Posted by scroggs ( Nov 16 2007, 09:30:53 AM EST ) Permalink Comments [0]
Is the TOEFL required?
Q: I want to apply the Mater of Finance Mathematical in your shcool ,and I do not know if you also accept IELTS ; I just have IELTS score. And I have not find any words about IELTS on your website, so I do not know if your shcool accept TOEFL only. A: This is a university-wide requirement related to supporting your student visa. As far as I know, there are no exceptions to the TOEFL requirement; however, you can submit your application in anticipation of passing the TOEFL in January or February. http://www.ncsu.edu/grad/handbook/section2_3.php#toefl Posted by scroggs ( Nov 11 2007, 09:00:49 AM EST ) Permalink Comments [0]
Is the Math GRE Required?
Most students applly without providing the Math GRE. Keep in mind that the program is very quantitative and rigorous -- prospects may discover a need to cover background material. Many students study material before they arrive for the Fall semester. Covering background material after you start the program increases the duration of the program, typically adding a year of study.
Posted by scroggs ( Nov 10 2007, 12:56:57 PM EST ) Permalink Comments [0]
Financial Support
There is no substantial financial support provided by NCSU for FM students, as indicated at
http://www.math.ncsu.edu/finmath/scholarships.html; however, several students have obtained part-time internships (e.g. SAS and Duke University). Posted by scroggs ( Oct 25 2007, 08:44:52 AM EDT ) Permalink Comments [0] |
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Q: Is there a spring semester admission? If there is, when is the deadline of application for international students?
A: Spring admission could be used to take courses that are generally considered remedial for the program, to prepare you to start taking required courses in Fall. Our expectations regarding your background can be found in the website (link). You should explain your request to start in Spring using your Personal Statement.
The deadline for full consideration for Fall is the Graduate School Priority Deadline. (For Spring, it is the Program Deadline.)
Posted by scroggs ( Sep 17 2009, 09:29:48 AM EDT ) Permalink Comments [0]