I will be finishing up my undergrad in chemical engineering. I want to go to grad school. My goals with this graduate degree are to learn about investing and wealth generation. I want to be my own stock broker and manage my own retirement. As a secondary goal, I want the degree to enhance my job opportunities in the field of chemical engineering. There are 3 choices I am looking at. 1.MBA with a specialization in finance 2.MS in Finance 3.MS in Financial Engineering For starters I have never heard of Financial Engineering. I was hoping someone could tell me how a financial engineer differs from a MS of Finance. I understand that the obvious choice might be MBA since I want to move up. However, if advancement is just as possible with the other degrees then I would prefer the one that would enable me to apply my education to managing my own money portfolio. Any insight will be helpful
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I think the "difference" you refer to is largely in the terminology with regard to "financial engineering"...Its a title, and most that hold that position are not necessarily engineers by trade, in fact most of them are not....Many have technical backgrounds in statistics, mathematics, etc...Others come from very good MBA programs. All of this being said, a Chemical Engineering degree should prepare you for about anything - a "stock broker" really only has to pass a few exams without any formal education. My suggestion would be the MBA, which can also have career centers and steer you in the right way and explain the subtle differences...Institution DOES matter here. Unlike maybe your engineering undergrad where there is a fairly tight curruculum and employers know what they're getting, MBA programs are all across the spectrum from GREAT to PISS POOR. Unfortunately with the MBA, most require a few years of related work experience. Either try a couple years experience first and then go back, or otherwise might opt for a Masters of Finance/Financial Engineering. This is just one persons' suggestion, hope its helpful.
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