Excellence in Quantitative Finance
2011, Issue 5
business.rutgers.edu
Combination of technology, finance courses making Rutgers
Master of Quantitative Finance (MQF) students in demand
Rutgers MQF program ranked a “Top 10 Quant School” by Wall Street
executives based on recruitability
Initiated in 2001 with just a handful of students, the Rutgers
Business School Master of Quantitative Finance (MFQ) program
today is attracting attention because of its unique focus on a
specific career path and has grown to more than 60 degree
candidates in 2011.
“The program’s appeal,” explains Larry Keating, the Director,
MQF Office of Career Management, “lies in that it provides
a skill set very much in demand today – a combination of
technology and finance courses. Equally important, it is a global
skill set that is both very portable and transferable among
industries. The demand is not just coming from banks, asset
managers and the full range of investment firms, but also from
insurance, consulting, energy, financial software, medical, and
manufacturing companies,” said Keating.
Kunal Gooriah, President of the Class of 2011, went from Rutgers
Business School to the Federal Reserve Bank of New York, where
he is a portfolio analyst in the Fed’s Portfolio Analytics Group
Rutgers MQF students visit the floor of the New York Stock Exchange.
Many MQF students end up working for Wall Street firms like
Citigroup, ABN AMRO, Bank of New York, and Merrill Lynch.
working on one of the largest fixed-income portfolios in the
world. “The Rutgers MQF program has been completely invaluable
of Treasury securities, agency mortgage-backed securities and
to me,” said Gooriah. “The educational experience I got from the
agency debt. The group I work in focuses on analyzing and
program brought me into direct contact with a number of Wall
modeling the risks that affect the Federal Reserve Bank of New
Street firms that I could have signed on with, but I ended up
York’s balance sheet, which leads to significant policy decisions
choosing the Fed, and it’s exciting work,” he said.
that directly impact the US economy.”
“I’m currently applying the skills I learned in the MQF program
Under the direction of program founder Yangru Wu, a highly
to our work on the New York Fed’s balance sheet, which consists
visible scholar and widely published researcher, an MQF
continued >
Rutgers Business School – Excellence, Diversity, Access
Multidisciplinary programs
Strong corporate partnerships
Real world, international experiences
Leaders in research
•270 degree programs to partner
• Partnerships with leading executives
• High employment placement
• World-class industry experienced faculty
with at Rutgers University
at top corporations
for graduates
• Dual degrees that deliver business,
• Near a major center of global business, 20 minutes from New York City
• Student team case competition victories
• Addressing major societal trends & issues globally
• Global network of over 33,000 RBS
• Research projects leveraged
• Distinct career advantages for students
alumni, & over 380,000 university wide
by companies
science, and technology credentials demanded by global markets
Excellence in Quantitative Finance
2011, Issue 5
business.rutgers.edu
> continued from reverse
candidate takes a challenging array of cross-disciplinary courses
– finance, economics, mathematics, statistics, management and
computer science – that typically lead to starting positions as
senior quantitative analysts, senior consultants, risk managers, or
market risk analysts. The analytic work can involve anything from
risk modeling for fixed income, equities, and derivatives in the
financial services industry to supply chain pricing, product cycle
analysis and risk management in the manufacturing sector.
“Rutgers Business School was ranked a ‘top ten quant school’ in
a survey of Wall Street executives conducted by Advance Trading,
and it is precisely the quantitative, modeling, and programming
skills taken in combination with classic MBA program course
Wall Street executives rank Rutgers as one of
the “Top 10 Quant Schools”
A board of esteemed Wall Street
veterans assembled by Advanced
Trading named Rutgers Business
School as one of the top ten
quantitative finance schools, based
on Wall Street recruitability -- the
programs from which Wall Street
firms recruit and the programs that
produce the best quant grads.
The shortlist puts Rutgers Business
School in the company of nine
other leading schools:
give the MQF graduate a deeper understanding of what drives
Carnegie Mellon University
successful businesses,” said Professor Wu. “What sets our
Columbia University
program apart is that, while there is tremendous focus on math
Cornell University
and modeling, ours is a finance faculty, part of the business
New York University
school, and the 48-credit two-year MQF curriculum is an integral
Princeton University
part of Rutgers Business School’s Masters program.”
Rutgers University
The role of the financial professional has changed greatly
in response to technological advances – participants in this
technologically sophisticated, specialized field now work directly
Yangru Wu, Ph.D.
Professor & Program
Director, Master of
Quantitative Finance
Program
Stanford University
University of California at Berkeley
University of Chicago
with senior management, doing high-level analysis for mergers,
University of Michigan
consolidations, global expansion, and financing with the twin
For more information, go to: business.rutgers.edu/mqf.
goals of reducing risks and helping maximize profits. Among
the recruiters of recent MQF graduates were Morgan Stanley,
Citigroup, ABN AMRO, Bank of New York, KPMG, Merrill Lynch,
and PSE&G, where alumni are involved in energy trading and risk
management.
Most of them are in the private sector, mainly with Wall Street
firms. The one constant in the emails and the meetings is that
“I keep touch with my RBS classmates,” said Gooriah, “many by
all of us coming out of the MQF program are extremely happy
email because they are based offshore. A group of us working
with the unique skill set we acquired, we feel we are a step
in the New York area meet about once a month to catch up,
ahead of others and are constantly using what we learned on
see how our jobs are going and share views of the economy.
the job.”
Rutgers Business School-Newark and New Brunswick is an integral part of one of the nation’s oldest, largest, and most distinguished institutions of higher
learning: Rutgers, The State University of New Jersey – founded in 1766. Rutgers Business School has been accredited since 1941 by AACSB International–
the Association to Advance Collegiate Schools of Business—a distinction that represents the hallmark of excellence in management education. Today,
Rutgers Business School is educating more than 5,000 undergraduate and graduate students at two main campuses in New Jersey as well as six satellite
locations in New Jersey, China, and Singapore. Steeped in academic excellence, with a distinguished faculty and a corps of over 33,000 successful alumni,
Rutgers Business School is highly ranked by the Financial Times, Bloomberg Business Week, and The Wall Street Journal. According to U.S. News & World
Report, Rutgers Business School’s MBA program is the #1 public MBA program in the Northeast, and is ranked #31 nationwide for the employment rate of
its graduates three months after graduation. Undergraduate programs in Newark and New Brunswick, Traditional Full-Time MBA, Flex MBA and Executive
MBA programs provide excellent options for people looking to gain the relevant skills needed to compete in today’s job market.
Rutgers, The State University of New Jersey – founded 1766
Rutgers Business School—Newark and New Brunswick
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