New York University Develops The "Super-Quant Manager" For Today's Wall Street
New York,NY - New York University has announced a new dual-degree program that will give tomorrow's "quant jocks" both depth in quantitative skills and breadth in management perspective to effectively manage risk, sophisticated trading models and people in today's computation-driven financial markets. The joint MBA/MS in Mathematics in Finance degree is a partnership between NYU's Stern School of Business and Courant Institute of Mathematical Sciences, both highly regarded by Wall Street in their respective fields.
The new MBA/MS program will enable students to pursue both degrees simultaneously. Designed to be the most comprehensive program of its kind, the MBA/MS will employ the top resources and faculty of each school, including senior-level Wall Street practitioners and researchers who invented models now used by the Street every day. The program aims to attract the very best mathematics candidates who have demonstrated quantitative aptitude coupled with management and leadership potential and ambition.
With the accelerated shift in the financial landscape toward quantitative trading strategies, complex derivatives models, asset-backed securities, and exotic structured products, the need for talented managers who can both apply and translate to the firm the value of these products for profit and growth is real. NYU aspires to produce a new type of graduate, competitively poised to pursue growth career tracks in quantitative risk and portfolio management, algorithmic trading, and the design, pricing, trading and hedging of structured products.
"The field of financial mathematics draws on tools from applied mathematics, computer science, statistics, and economics," said Leslie Greengard, Director of the Courant Institute. "By combining expertise in these disciplines with the great strength in financial and business management provided by the Stern School, this dual-degree program will be training tomorrow's leaders in the finance industry."
"Wall Street has long looked to Stern for financial management talent and to Courant for quantitative finance talent. For those who aspire to build robust careers on Wall Street, our new joint program will give students the best of both worlds, with unparalleled access to the latest financial research and practice," said Thomas F. Cooley, Dean, NYU Stern School of Business. "As an institution that prides itself on being ‘in and of the City', we're particularly excited about this partnership program that addresses a pressing market need."
"The new dual-degree program leverages the strengths of two of NYU's premier schools. Graduates of this innovative program will be well-equipped to conquer the challenges that arise as financial markets become increasingly sophisticated," said Peter Carr, PhD, Head of Quantitative Financial Research, Bloomberg LP, and Director of Courant's Master of Science Program in Mathematics in Finance.
SOURCE: New York University