Is it worth doing 2nd MSc in quant finance (early 30s) if I already have an MSc in Economics, since I am not progressing in my career (banking)? Or rather continue self studying and self projects? (No success so far)

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At a certain level of corporate career progress, it has nothing to do with education. It’s all “playing the game”, knowing the right people, being visible, working on high profile projects etc

likesmarthelpful

If you look at people in roles that you would consider " success" i.e where you want to go. Do they have the same level of education? A lot of times career progression is heavily dependent on what you don't learn in school. Leadership, communication skills, relationship building, etc etc.

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The first thing pi iii

If you don’t have it, do the CFA. Much cheaper and great content…

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I agree CFA plus econ MSc is a powerful combo

Apply for the jobs you want.

Use the interview feedback as a determiner.

likesmart

Great advice

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I had a guy with an ivy bachelors, 3 masters and a PhD work for me, I was only an associate director then, with a bachelors and pursuing an executive mba. If you are not progressing, it’s most likely you not pushing the right people for progression rather than lack of education

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I would say the quant finance industry in general doesn’t really filter people out just because they don’t have a degree in quant finance. If you know the math behind all the quant finance stuff, whether you have a degree or not doesn’t matter.

I would therefore recommend doing online courses to fill in the knowledge gap if you don’t know the stuff already. If you do have the knowledge, very likely you don’t get the job for some other reasons such as communication skills or you don’t have good enough numeracy / programming experience

Speaking as a quant trader who got in without a highly relevant degree

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It depends on the group, for front office most use C+/Java but for more back office they use Python or R for developing either econometric or ML/AI type models

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Depends on what you’re looking for and what your experience is. If you’re looking to do more quant roles and don’t have a technical background, then it could be beneficial. I finished my MS in Financial Math at 31, and that allowed me to get into the field I wanted

helpful

I would look to utilize other opportunities. I would not suggest going back to school as you seem to be well qualified for many roles and you probably won’t get much further with more education. Instead, I would look at different opportunities such as a new role somewhere else.

I love what AD1 wrote, what is it you want to do? What is it that you’re looking for or feel you’re missing out on currently?

Education wise in my opinion you have enough to not be held back in any way by it.

I am seeking quantitative finance roles too. For valuation I did Financial Modeling & Valuation certification from Corporate Finance Institute.

Also have been learning quantitative portfolio management, risk modeling and options pricing.
Hopefully it helps.

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