Qing Luo
Student Ambassador; Chair of Student Staff Committee

Choosing the MSc Risk Management & Financial Engineering Programme

My main motivation to study RMFE was to gain an in-depth knowledge in pricing and risk hedging of fixed income and equity products. I wanted to utilise the good mathematics/statistics foundation I built during my bachelors degree and apply those to quantitative finance. I also wanted a programme that focuses more on application in the industry rather than pure finance theories. This programme closely matches my requirements in that it covers a broad range of topics yet has a good level of depth in each subject (it is a demanding programme but I have learned a lot so far!). It offers VBA and C++ workshops which are very handy!

”We were given plenty of opportunities to get our hands dirty with real market data and performed in-depth analysis from various angles – some of which were used by industry practitioners on a daily basis.”

The MSc Risk Management & Financial Engineering programme is unique as it focuses on application within the industry. Professors would normally highlight how the theories were used by practitioners (e.g. traders, structurers, fund managers). We have quite a lot of case studies or assignments involving real market data during term time and they often require coding in Matlab – this may seem daunting at first, but trust me, you will really appreciate it later on as most of my fellow classmates did (knowing some programming languages gives you an edge in your future careers).

Secondly, the lecturers all have great backgrounds – some previously taught at Harvard, Chicago, some are well known in the banking industry. They are all very approachable. I remembered I had some last minute revision questions for one of my lecturer’s just days before my exam and when I emailed him he kindly spared an hour for me to answer my queries.

Our programme team, who are in charge of the daily running of finance related programmes, are very nice and efficient. They care about our feedback and really try to make the programmes perfect.

What’s amazing is that there is a tailored app for our course which I became so reliant on. I edited the lecture slides directly through a pdf editor app and stored all my folders on the iPad – I rarely needed to print out lecture notes. All communications from the programme team are via our course app or email – simple and efficient!

It has met my expectations. I never regretted joining the programme even when I had three deadlines in one week because I knew it has sharpened my skills in every way and will only make me more competitive in the job market.

Careers

The Careers Service is great because it is separated from the undergraduate programmes so all the masters and MBA students get tailored advice from careers consultants. There are many CV/Cover Letter/Interview/Assessment Centre workshops, particularly in the autumn term. Sometimes I received a last minute interview invite and required a mock interview with one of the consultants; the team was always able to find a slot for me.

The Imperial Community

Imperial was an obvious choice for me because I had three great years of undergraduate study here. Imperial really offers great academic and careers resources for the students.  Most of the assignments are group work so I have developed a strong bond with my teammates. It is also a very diverse environment in terms of nationalities and experiences (ranges from fresh graduates to 6 years of work experience).

If you had to pick two things about the MSc Risk Management & Financial Engineering programme that you enjoy the most what would they be?

1. The practicality of the course: the sheer amount of projects/group assignments, although seemed daunting initially, benefited my learning significantly. We were given plenty of opportunities to get our hands dirty with real market data and performed in-depth analysis from various angles – some of which were used by industry practitioners on a daily basis.

2. The quality of platform: the online e-learning hub is a big plus for me – it contains all teaching files, programme news and lecture captures etc (everything you need is on the hub!). For example, it became very handy during revision when I would like to watch a certain lecture again.

Role
MSc Risk Management & Financial Engineering
Nationality
China
Institute and subject studied for Undergraduate degree :

Imperial College London, BSc Mathematics and Statistics

Work history before Imperial College :

Ernst & Young

Awards/achievements :

Academic Excellence Scholarship (Masters), Outstanding Achievement Awards (Bachelors)