Discussion in 'Business and MBA degrees' started by Mac Juli, Nov 22, 2020.
I was really interested in WorldQuant when I first learned about it but realized I did not have the math background to succeed in that program (and their pre-admission math test made that clear.) Cool that it's continuing to evolve.
Someone just shared their diploma on LinkedIn. They said they started in 2018.
I just might as well!
Finally, passed the test!
But I don't think I am able to take a class soon :/
Congratulation my friend! Can you share the questions?
In the application for the Data Science module, they provide some sample questions you must pass for admission. I assume they're a similar level of difficulty:
Let f(w) = 2w^3 - 5. What is f(4)?
Let f(w) = 2w^3 - 5. Let z = 2. What is f(z)?
Let g(x) = cos(x/2) - 3x. Let f(x) = 2x + 5. What is g(f(x))?
Let f(x) = tan(x) - 2/x. Let g(x) = x^2 + 8. What is f(x)*g(y)?
What is the derivative of x^2 - x + 3 at the point x = 5?
What is the value of x where x^2 - x + 3 is a minimum?
In Python, what is returned when evaluating [n for n in range(10) if n % 2]?
In Python, what kind of error is returned by the following code? (e.g. NameError, ValueError, IOError, etc.) def my_func(n1, n2): return n1 + n2 my_func(1, 2, 3)
What is returned by datetime(1970, 1, 1).strftime('%Y-%d-%B') in Python?
This resource also mentions the specific prep materials the student used: https://www.thomastiveron.com/2019/11/01/worldquant-university-quantitative-proficiency-test/
Thank you so much!
This is why I think that accreditation is kind of secondary for World Quant. I think that the program would beat mere mortals to a pulp.
Still better than ASIC, right?
Do you know if it's physical or electronic?
Thanks a lot Dustin. Though I still have problems to well understanding the term "financial engineering" comparing with economic data analysis, it seems they do have their certain level of admission criteria.
I'm pretty sure graduates will get a hard copy in the mail. Some schools also have the option to receive an electronic copy through services such as Parchment. Typically, only MOOCs issue electronic only certificates.
It is college-level calculus and statistics. If you get an A, I believe it will be easy for you.
You can take the test, if you fail you can retake it after 30 days. The next test will be very similar to the previous one.
It's been nearly 16 months since someone posted on this thread. I just wanted to let everyone here know that I have taken the WorldQuant University Quantitative Proficiency Test and have passed on my third attempt which allows me to be fully admitted into WorldQuant's Masters program! I will probably enroll later next year as this will be a 2 year commitment that I am not quite ready for and I really just wanted to see if I could pass the entrance exam.
While there is a lot of advanced algebra , statistics, calculus, and python on this exam, I recommend you use the internet as your oyster and learn how to use the websites that calculate the answers for you. They show steps and give you the answers. You do not need to write all these problems and answers out on paper as it is nearly impossible to do with 60 questions and 120 minutes. I'm a bit rusty on all math topics above lower level calculus but having strong analytical skills will make it easy to pick up what I need as I am sure the coursework will be stuff that can be put into the computer for the computational portions. The main thing will be knowing how to analyze, interpret, and explain it all.
Oh right, WQU is providing a freebie Masters. I applied but failed the entrance proficiency test the first time around and didn't bother trying a second time. I may do that since they are NA with DEAC accreditation. Time flies, I think my days are numbered with "Math" subjects, I am just not too good with them... we'll find out if I get there or not by the end of the year. I want to try them again!
I'm sorry, but what time did the first train leave the station again?
At the bottom of the diploma, why is the A in WorldQuant upside-down. Is it so some 'doof' will fall on their face if they right-click and try to make a copy for themselves? Or does Worldquant hand out a freebie of some kind if you notice?
Datby - I think I may be talking to somebody who knows a lot more than I do, here - but I can't resist sticking my oar in and trying to help. Here goes:
Financial engineering is, I believe, the practical application of several disciplines, to finance. Those disciplines include data analysis, economics, statistics, actuarial science, programming, quantitative finance -- and a few others. They are applied to solve financial problems. A VERY basic example would be hedging a securities purchase. Someone might buy a security and hedge with a derivative purchase -engineering the transaction so if conditions drive the security price down, the derivative price will likely go up. As they say in Nigeria "Na condition wey make crayfish bend." (I love Nigerian pidgin.)
In short - financial engineering = application of various techniques to solve financial problems.
I hope this helps somewhat.
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