How do you prepare for a rejection, advice needed

[qiwenfarmer]

First time post.

 

[Connor]

Yeah I wouldn't recommend saying that you might go for a PhD in your personal statement as MFE are generally considered professional/practical degrees.

What should you do if you get rejected by all?

My first question is what do you want to do exactly because if you are considering a PhD why not just go straight into that? Or MBA/MFE dual degree?

GRE math subject will help you alittle bit maybe but I hear it is crazy hard so may not be worth it...

To strengthen your application for next year, more math, more programming and throw in a few finance courses depending on your background (or self-study).

 

[Joy Pathak]

If you want to do Phd you donot need to do MFE. It is too expensive for a PhD. If you want to strenghten your application with an MFE find the affordable programs, not the most expensive ones, as you will be in lots of debt for 5 years of PhD. I know that students from Baruch have gone on to PhD before. The program is very affordable so you can afford to goto a PhD after. Also, the curriculum is might be for someone interested in a PhD as there is a major Capstone Project requirement.


You have a good profile in terms of GPA and GRE scores. I think the PhD might be hurting a bit, but then again remember, all the top 5 programs are VERY competitive. Keep your head up, you might get into the other programs, never know.

Check this out for some past PhD profiles: Profiles and Results 2010

 

[Joy Pathak]

The reasons I didn't apply for a Phd/MBA program were:

1) I applied late, I submitted all my applications on April 26th. The only schools still accept applications were above. I should do more research
prior to that, now I learned my lesson.

2) I felt my background wasn't good enough for a top Phd program, I hope a MFE degree from a good school could strengthen my application. For a MBA, lacking working experience was a factor I considered.

3) I agree. Math subject test may help a little. More courses to enhance my skill should come first.

Thanks, guys.

From what I have read on the forums here, it seems like if you mention you want to do a PhD on your application for MFE, it is not looked at in a very appealing manner. I could be wrong, but that is what the general consensus seems to be from what I have read. There are always exceptions though...so you never know.

If you see the link I sent you, many people have Masters in Economics, and Masters in Statistics/Math. Many of those programs are sometimes funded and have a strong research component, so you might want to look into them.

 

[Connor]

You need different things on your application to get into a MFE program compared to a PhD program (assuming in finance).

 

[Andy Nguyen]

If you get rejected by all, go to work and make some money/experience. You will have a stronger profile next year.