any financial engineering degrees offered in Houston/Texas

[SteveArmy]

I know for a fact major banks in NYC get OJT from even the less popular business schools, I think its the same here in Houston. Back when I was in JP in NYC we get the creme of the crop from Rutgers and others in the region. Not all of them are sharp, some are just good in books and exams. Once you get on this program, you'll get hired after graduating, the pay may not be as attractive but the mobility program in major banks can get you a spot on the trading floor, thats the easy part. you have to "serve" traders while you get your MBA or whatever. from there you can choose what you want to be. a couple i watched grow are traders now and others are system designers of JP's new trading platform, with custom pricing models of course (with the help of other people, especially from ex-Goldman folks)
I didnt see this program in Merrill/BOA, maybe because their offices are so scattered
regarding authoring pricing models, i know a guy whos model and enthusiam for trading a new commodity caused the bank huge losses. he is finished.

[ads2003]

I'm proof that it's not as out of reach as you think. I used to be in the engineering field. Went and got my MBA from a part time program here in Houston. Now I work for a BB bank on the commodities structuring desk. Most of my class was from Chicago, Wharton, NYU, etc., but most of those folks didn't want to move to Texas. I didn't want to leave. I was hired through the recruiting process at my school. You can do it. I wasn't the only one. (although this was a couple of years ago...)

[drjmpc]

Originally Posted by xavier1774

I agree 100%.

some free advise from someone that has been there... if you have the time and ability, get a PHD in your discipline (EE) then while working on your PHD, complete an MBA (from a tier 1) with a focus on Finance. If you really want to focus on Financial modeling looking for a PHD program in Finance or Econometrics. A college buddy of mine worked for Goldman Sachs for 5 years after completing his economics PHD from Penn. He made is fortune and now spends his days watching his kids grow.

I have used my finance training for estimating ROI on multimillion dollar projects, but in an engineering firm, it would be worthless w/o that PhD

Thank you for confirming exactly what I thought.

Computer Science + Econometrics = strong quant foundation. Not the best for everyone, but you'll know how to code and you will have you strength in areas that require applied mathematics, one of which is focused on modeling markets.

The only question is, MBA or DBA for management skills and leadership [demonstrated through documenting the earned degree on your resume -- who knows if your really a leader until you start working with people].

[Dude269]

The under graduate Degree at UT in Financial Engineering is math degree with a

Specialization in Statics, Probablity and Data Analysis.
[url=http://www.ma.utexas.edu/academics/undergraduate/]Undergraduate[/url]

There is a Ph.D. in Information, Risk, and Operations Management
[url=http://www.mccombs.utexas.edu/dept/irom/phd/]Ph.D. in Information, Risk, and Operations Management - IROM Department - The McCombs School of Business at The University of Texas at Austin[/url]

[Dude269]

The undergrad degree requires programing

[movetotexas09]

Originally Posted by ads2003

I'm proof that it's not as out of reach as you think. I used to be in the engineering field. Went and got my MBA from a part time program here in Houston. Now I work for a BB bank on the commodities structuring desk. Most of my class was from Chicago, Wharton, NYU, etc., but most of those folks didn't want to move to Texas. I didn't want to leave. I was hired through the recruiting process at my school. You can do it. I wasn't the only one. (although this was a couple of years ago...)

What school? I would like to go attend part time MBA program here in Houston.

[mechgator]

Take a look at Texas A&M Master in Math financial track (financial mathematics)

Masters Program at Department of Mathematics, Texas A&M University

[Felixmp]

Never understood why people dig up these old posts to comment on.

[Topaz]

Originally Posted by mpgerma

Never understood why people dig up these old posts to comment on.

Because these posts show up in Google so anyone doing research on this topic will find the new info to their question.