the Finance department, and my dept - MEDS (Managerial Economics and

Decision Sciences) at extremely mathematical.

No matter where you go for a PhD in Finance, it will be quite

mathematical. In my first two years of coursework I had a bit of

overlap with PhD's from the Math dept. (real analysis, probability in

the Math dept, and Linear / Convex / Integer programming in my dept).

I suspect that other top business schools are the same.

Here, and at other universities, there are often overlapping

departments within different schools. Here we have MEDS, within the

business school, and the Department of Economics, within the College

of Arts and Sciences. The overlapping faculty in publish in the same

journals, go to the same conferences, etc.. The only significant

difference is that one teaches MBA's, and one teaches undergrads. And

the B-School profs make $30k more per year.

Good luck,

Bob Maher

At 5:59 PM +0000 on 8/25/01 Sehrlich@... wrote:>Although a few American universities - for example, CMU and

--

>Princeton - have set up PhD programs in Mathematical Finance, most

>seem to have Masters programs only. To get a PhD that focuses on

>math finance at most places, it seems you have to pick a department -

>and it's not always clear which one.

>

>For example, NYU has its Math Finance Masters housed within the

>Mathematics Department at Courant. Clearly, one could study

>mathematical finance within that department at the PhD level as

>well. However, the Statistics/OR department at the Stern Business

>School seems to be at least as viable a choice for a mathematical

>finance PhD.

>

>Columbia is interesting, too. They have *two* mathematical finance

>programs - one in the Math Department and one in the IEOR

>Department. Yet it seems that the Math Department's PhD program is

>not as well suited for specialization in finance as, say, the

>statistics department is.

>

>My questions are

>

>1. Does anyone know how to figure out which department to apply to

>when looking to study what is still considered a "cross-disciplinary"

>field? (Feel free to reference particular programs in particular

>universities.)

>

>2. Why do so many schools offer only a Masters' Degree when the job

>market seems to be thirsty for PhD's?

>

>Thanks!

>

>--------------------------------------

>

>Links to Programs:

>

>CMU PhD: http://www.math.cmu.edu/math/finance.html

>

>Princeton PhD: http://www.orfe.princeton.edu/graduate/phd.html

>

>NYU Masters: http://www.math.nyu.edu/financial_mathematics/

>NYU Courant PhD: http://www.math.nyu.edu/degree/guide/phd.html

>NYU Stern PhD: http://www.stern.nyu.edu/sor/doctor_philo.html

>

>Columbia Math MS:

>http://www.math.columbia.edu/department/masters_finance.shtml

>Columbia IEOR MS: http://www.ieor.columbia.edu/finance.html

>Columbia Stats: http://www.stat.columbia.edu/a_phdprog.html

>

>

>

>

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