KCL 金数

MORNING7487UID: 3778459

KCL的430交accept fee，结果最近香港的几个offer一起下要交大几万的留位费，NUS还没出，当初纯粹是想去伦敦申的KCL，看课程觉得有点太poor structure。有没有前辈给点拨一二

cheesechanUID: 3505689

doesn't mean I suggest KCL MSc FM, but I don't see the point how they are poorly structured.

Core course in prob & stochastic, equity and interest rate + credit modelling, and a list of electives covering computational method, programming, statistics and finance....what do you really expect from a non-top-tier MFE?

MORNING7487UID: 3778459

cheesechan 发表于 2017-1-5 17:46
doesn't mean I suggest KCL MSc FM, but I don't see the point how they are poorly structured.

Core ...

I can't understand why I need to go over the Probability and Stochastic again, which take 30 credits. I'd rather  to learn coding not to review the basic math. For the course 5+4, It's wasteful.

Thanks for ur opinion, I have never been to any Finance class before so what I care may be ridiculous.

cheesechanUID: 3505689

MORNING7487 发表于 2017-1-5 19:38
I can't understand why I need to go over the Probability and Stochastic again, which take 30 credi ...

well....not sure if you have taken stochastic calculus, processes before (I guess very likely for the 2nd one, but less likely for the first one), but it is a common practise for all MFE to have at least 1 stochastic calculus class (while another probability theory / stochastic process are normally elective instead of being a core like KCL). Given it is called financial mathematics, and it is from the maths school, having one more core course in maths sounds theoretical but reasonable.
I think it is way too mean to comment it as poor-structure just basing on 1 course out of 8, especially it is not something useless / irrelevant but just a bit theoretical from practitioner point of view (which you are not yet one).

and I suppose these classes are at graduate level instead of basic maths, given they have another course called mathematical analysis for preparation. unless you have taken those at graduate level (which is rare), this is not a review at all. Indeed those are the most difficult course within a MFE, and is a necessary foundation for any other advanced level derivatives modelling course.

P.S. and indeed, finance class are the easiest within a MFE generally.
Coding is important, but there are tons of ways for class with that (whatever online preparation C++ class (for MFE) is available everywhere).
If you want to have a more computational focus of MFE, I guess you should apply something from the engineering school (e.g. OR, CS department), instead of one from the math school too.

MORNING7487UID: 3778459

cheesechan 发表于 2017-1-5 20:34
well....not sure if you have taken stochastic calculus, processes before (I guess very likely fo ...

Thank you for the detailed reply.

I may have to add some application.