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Math/FARM

A photo of Guru812 Guru812
I would like to start a thread about Math/Farm as i want to know more about the program.

What is the cutoff last year or previous years? i am expecting an average of 92-94 and got 70 on euiclid last year but have litttle EC's


What type of difficulty is the program?


Math FARM is it possible to speciallize in both of them?
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A photo of Guru812 Guru812
My backup at UW is CFM i would also like to know more about this program as well.

THANK U IN ADVANCE

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A photo of StochasticSeeker StochasticSeeker
As someone who is in FARM, I'll start off by assuming that you've checked the two links below:

http://mathbus.uwaterloo.ca/programs/financial
http://www.findoutmore.uwaterloo.ca/programs/Mathematics-Financial%20Analysis%20and%20Risk%20Management

From the info there, you can see that getting into the program is 'Individual selection from the high 80s'. Comparing myself with your marks, Guru, I came in with a 93% average and exactly 70 on the Euclid, so it looks like you'll be fine. =D

I'm not too sure about what you mean when you say 'type of difficulty', but the program is multidisciplinary, tending towards mathematics and business (more on the mathematics end). If you go after the CFA route, it's more business and with PRM, it's more mathematics and analysis. Unfortunately, you cannot take both.

Generally, this program is offered as a back-up for people who did not manage to get into the Math/CA program. However, don't be fooled because personally, I find the courses in FARM a lot more interesting than those in Math/CA.

If you have any more specific questions, please do not hesitate to post them here.
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A photo of iliketurtles iliketurtles
I'm going to assume you are only in first or second year, so maybe you don't know this too well, but what are the employment statistics like? I'm sure most people find a job, but how many (if any) go into investment banking? Or S&T? Hedge funds? If you have any idea please let us know :)
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A photo of StochasticSeeker StochasticSeeker
Second year, second term, to be exact (finishing my first work term). ;D

Anyways, the quoted overall employment average is around 90-95% usually, but for first year, first work term candidates in FARM, this is usually 65-75% depending on the year. This term for Fall 2011, only 68% of 2A FARM students found a job (Source: Jobmine Employment Statistics). I was one of the lucky ones, but did not land a finance job. You can likely expect to find a job in your field usually in the second work term or beyond.

As for post-degree opportunities... well, FARM is relatively new (I think the first batch of graduating students is coming this year, 2012, or next year, 2013), so I can't give you many details.

I can tell you that in the upper years, opportunities in hedge funds, investment banking and misc. financial positions are plenty. You just have to know how to get ahead of the competition.

EDIT: Note that there are NO FARM specialist positions. The finance jobs are essentially a free-for-all, and the courses that you take in FARM are intended to help you land those jobs.
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A photo of iliketurtles iliketurtles
Did you not land a finance job because you didn't want one (your PRM specialization), or because they are simply harder to come across/harder to get?
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A photo of g93 g93

@Guru812 wrote
My backup at UW is CFM i would also like to know more about this program as well.

THANK U IN ADVANCE




You have a Math/FARM student to answer questions about that, so I won't bother. I can briefly talk about CFM.

CFM is part of the School of Accounting and Finance at UW. CFM combines both computer science and finance. Waterloo is renowned for their computer science and mathematics program, and the School of Accounting and Finance is top-notch for those disciplines. CFM graduates are supposed to bridge the gap between computer science/tech and finance/business. Jobs could include Algorithmic Trading, Portfolio Analytics Developer at a bank, or a Quantitative Developer in financial.

You start of by taking some math and CS courses, as well as accounting/finance/business courses, then you start to get more into the math, CS and finance, and take stats and economics too. Eventually all of your courses are pretty much electives, so it's up to you what to take. I guess you can "tailor-make" your degree to suit you. There's a ton of finance and CS/math/IT courses available, so there's plenty of options in upper years.

The only bad thing I have heard of this program (I think it's fairly new, but I could be wrong) is that the Waterloo/Laurier DD program is better.

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A photo of StochasticSeeker StochasticSeeker

@iliketurtles wrote
Did you not land a finance job because you didn't want one (your PRM specialization), or because they are simply harder to come across/harder to get?



While I did have a couple financial job interviews down the road from the one I landed, I decided to play it safe and get whatever job I could land on my first work term.

Typically, you can expect, on your first pre-work-term term to send out 50 applications and receive 0-5 interviews before you get a ranking, so don't feel too frustrated when this happens, it's fairly typical. Note that my average was around 86% at the time, so marks were not an issue. It's the lack of relevant experience and employer recommendations that drive other employers off.
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A photo of iliketurtles iliketurtles
Ah, I see :)
How many co-op terms are you allowed to "miss" before it jeopardizes the timing of your degree?
Also, I know what the courses are like for first year, but in second year, are the courses more math, or business oriented? Or as good of a mix as first year?
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A photo of StochasticSeeker StochasticSeeker

@g93 wrote

@Guru812 wrote
My backup at UW is CFM i would also like to know more about this program as well.

THANK U IN ADVANCE




You have a Math/FARM student to answer questions about that, so I won't bother. I can briefly talk about CFM.

CFM is part of the School of Accounting and Finance at UW. CFM combines both computer science and finance. Waterloo is renowned for their computer science and mathematics program, and the School of Accounting and Finance is top-notch for those disciplines. CFM graduates are supposed to bridge the gap between computer science/tech and finance/business. Jobs could include Algorithmic Trading, Portfolio Analytics Developer at a bank, or a Quantitative Developer in financial.

You start of by taking some math and CS courses, as well as accounting/finance/business courses, then you start to get more into the math, CS and finance, and take stats and economics too. Eventually all of your courses are pretty much electives, so it's up to you what to take. I guess you can "tailor-make" your degree to suit you. There's a ton of finance and CS/math/IT courses available, so there's plenty of options in upper years.

The only bad thing I have heard of this program (I think it's fairly new, but I could be wrong) is that the Waterloo/Laurier DD program is better.





To follow up on g93, from what I hear, CFM sounds very similar to FARM because down the line you will get to choose 4 or 5 electives, depending on your specialization. The only difference I suppose, is that FARM adds in more mathematics and statistics.

For the DD program, while I am no expert, some of my friends were telling me that there are essentially almost no electives, no choice in streams, and requires quite a lot of commitment. The good news is that it is highly regarded among employers and you get to do most of your business courses at Laurier.
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A photo of StochasticSeeker StochasticSeeker

@iliketurtles wrote
Ah, I see :)
How many co-op terms are you allowed to "miss" before it jeopardizes the timing of your degree?
Also, I know what the courses are like for first year, but in second year, are the courses more math, or business oriented? Or as good of a mix as first year?



I believe passing co-op only requires 4 successful work terms, so you can essentially fail 2 and still pass, but I HIGHLY recommend that you don't. You will also have to pass 4 professional development courses as well.

For second year, the courses you take are up to you, really. The department wants you to organize your schedule so that you satisfy all the requirements by the end of 4B. In terms of maths, you never really get rid of it. It'll stay with you every term (unless of course, you decide to take 5 business course one term), but the rigor is not as much as say the pure mathematics courses. Be sure to expect quite a few business courses in the CFA route and more comp. sci./stats courses in the PRM route.

EDIT: I forgot to mention that if you go the PRM route, you essentially get a free statistic minor due to the course overlaps, so don't forget to apply!
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A photo of immaculatedx immaculatedx
Good points SS and g93.

I would say the comparison of MathBBA DD to MathFARM and CSBBA DD to CFM are pretty similar. I would suggest the DD regardless but DD will require more of a commitment, work ethic etc. From what I know and what I've heard, I think the DDs are definitely much more well regarded to employers.
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A photo of Guru812 Guru812
Thank u but i also would like to know if i caqn do both PRM and CFA in Farm or u can only choos e one. Also if u can only do one which one would u recommend
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A photo of iliketurtles iliketurtles

@Guru812 wrote
Thank u but i also would like to know if i caqn do both PRM and CFA in Farm or u can only choos e one. Also if u can only do one which one would u recommend



He already mentioned in one of the earlier posts you can't do both
I don't think one is "better" or "easier" than the other, it all depends on what kind of job you want in the future
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