Share this page!

Risk Manager(ERM/Actuarial Sciences/Quant) Profile picture
Twitter logo
Jul 24 • 6 tweets • 5 min read
Some of the best universities/ business schools to do a #PhD in #Finance =>
1. @LBS
2. @Wharton
3. @INSEAD
4. @ChicagoBooth
5. @MIT
6. @LSEfinance
7. @BerkeleyMFE (Quantitative Pathway)
8. @StanfordGSB
9. @NYUSternRisk
10. Columbia Business School (Financial Engineering)
This is not an exhaustive list.
I am just sipping coffee and writing this tweet.
There are many other institutions which might be damn good.
@Harvard Business School is the best for Business econs / #DBA.
Other Ivy League universities not aforementioned have superb PhD programs.
@Columbia offers MSc Financial Maths and MBA.
Financial Maths Degree was a conjoint project undertaken by Industrial Engineering and Operations Research Departments (plz check the website now)
Great if you want to do a Quantitative Finance PhD sharing expertise of different depts
Make sure you join a business school after completing your PhD
If you are specializing in Financial Risk Management or Quantitative Finance/FE tracks, you will be better off teaching within a #STEM-based Dept.
Avoid joining an Economics Dept. They treat Finance as Micro econs
An acquaintance of mine did his PhD in Finance and joined an Accounting Department.
Poor chap could not communicate with the ledger lovers.
Horrible misuse of knowledge and skills acquired over five years.
Accountants are not interested in advance financial theory.
A PhD Scholar in Finance or Financial Engineering trying to explain wealth management or Investment portfolio management using utility indifference curves and marginal utility fx
Better resign than waste time!!
#kernels
#martingale

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Risk Manager(ERM/Actuarial Sciences/Quant)

Risk Manager(ERM/Actuarial Sciences/Quant) Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @SAH16928046

Risk Manager(ERM/Actuarial Sciences/Quant) Profile picture
Jul 24
Will data science overcome quantitative finance in terms of employment and salary?
@CQFInstitute @datafitter
Well, I think you are asking a relevant question.
It can be explained using a Social Darwinian Perspective.
First, the Simple answer =>
YES, => Quantitative Finance, will get absorbed into Data Sciences and Machine Learning Areas as a sub-field.
WHY?
Because many subjects develop independently, they get assimilated into the much larger disciplines or subjects which offer more attractive career remuneration, research opportunities, social status, social mobility and scholarly following and readership.
Read 16 tweets
Risk Manager(ERM/Actuarial Sciences/Quant) Profile picture
Jul 23
MSMEs do not have the technical acumen or the human resource expertise to produce documents which are required by financing institutions.
The most difficulty comes to producing and presenting cash flow statements.
Some potential borrowers cannot compute cash projections
Especially Micro and Small Firms, which are managed informally by households, usually do not maintain proper book-keeping and accounting systems.
Banks have to use their own historical loss databases to compute credit metrics such as PD, LGD, EAD,etc.
And most of them have errors
Demographic and Geographic indicators can play a role in assessing and evaluating credit risk management, especially during the loan examination phase.
Sectoral Loan Risk Data can be aggregated to compute Risk Measures.
#Saunders FI-Risk management has a chapter dedicated to it
Read 5 tweets
Risk Manager(ERM/Actuarial Sciences/Quant) Profile picture
Jul 22
theactuary.com/2022/07/05/new…
theactuary.com/2022/07/06/cur…
theactuary.com/news/2022/07/1…
Read 5 tweets
Risk Manager(ERM/Actuarial Sciences/Quant) Profile picture
Jul 12
I remember starting my career as a junior derivatives dealer.
The first stupid question I asked was why currency dealers use par-curve yield curve rates to compute FX Swap points?
No "#boostrapping"?
The Chief Dealer/ Head of FX Linear and Cross Currency Rates was not pleased.
Actually asking stupid questions early on in our career helps.
Provided you have a tolerable boss who can entertain stupidity.
But, if you ask questions which threaten your reporting line, then you are cooked!
Done.
Find your next job asap.
My CRO - Chief Risk Officer, was a banker who didn't know maths and statistics.
The man was a nightmare proposition for the academically tuned young graduates
Poor chap begged me to not bring my work to him because he could not check it.
Read 6 tweets
Risk Manager(ERM/Actuarial Sciences/Quant) Profile picture
Jul 12
Should you pair #Finance with #Economics or #Accounting?
If you want to work in a general finance department, Accounting and Finance combination is beneficial, you can presumably learn a bit of financial auditing in this way.
@LSEfinance
If you want to work in Financial Markets, then Economics and Finance blend well.
But do note: that Economics is more mathematical.
Students who are weak at Maths, generally opt for Accounting or some other subject.
But having said that, if you don't like Maths at all, it might even be more difficult for you to do Quantitative Finance Modules at a higher level. So your aptitude and interests in Mathematics shall determine the outcome.
Read 5 tweets
Risk Manager(ERM/Actuarial Sciences/Quant) Profile picture
Jun 30
KEY Risk Questions for CROs =>
1. Is the next Risk in a given transaction expected to be a Normal or a Non –
Normal Event?
2. What am I expected to Lose on an average in a transaction on any Normal trading day?
3. How much am I Actually going to Lose on any Non – Normal trading day ?

4. How much am I willing to Lose on any given (Normal or Non-Normal) trading
day?
Read 13 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(