In my opinion, if you're interested in trading, you'll be better off with an MS in Finance, Financial Math, Financial Engineering, etc. than an MBA or PhD. Check out this list of programs. In addition to the program itself, you should also consider what the school/program/professors/alumni can offer in terms of contacts/internships. Not only will contacts and an internship(s) help you obtain interviews but it will also provide you with a better understanding of the various career options in finance.
no, no, I'm referring strictly to trading PhDs/MBAs vs Compentent Traders. a private trader ain't gonna get no Nobel prize for fattening up his bank account.
there are good traders, undoubtably, who are PhDs and MBAs, the same as there are Competent Traders who don't have any "formal" education. but neither category is required one way or the other. for you college boy types, here's a book you may be interested in reading. http://www.amazon.com/exec/obidos/t...102-1652021-5345745?v=glance&s=books&n=507846
did it ever occur to any of you that the great martial artist, Bruce Lee, when he was offered an honorary black belt turned it down? His thought was, he had advanced past a "black belt" so it would dishonor him to receive one. Bruce Lee formulated his own discipline called Jeet Kune Do that was accepted in the USA as a legitimate and complete martial art. a very rare accomplishment since JKD was not 100s of years old. Bruce developed it and introduced it himself.
AH, that last post (a few posts ago now) brings up the well written comparison of is TRADING an "ART" or a "SCIENCE". My two cents, if trading was ALL science the game would have gone away a long time ago. As the previous post states: "it can take years to find it out", well, that is the "ART" side of the game. So in my opinion and from experience i make the following claim. There are one easy part and one hard part. Some might call it, #1 The mechanics of the trade, order entry, which broker, which time frame etc and #2 The phychological aspect of the game. I boil it down to this game is won or lost because: MIND OVER MATTER".... PS, education will get many a foot in the door of trading, such as a whizkid from U of Chicago, Hyde Park, a math whiz from MIT, etc. I was neither, but refused to not get a handle on the game simply because i "KNEW" in my heart it was "NOT" top drawer stuff and a kid from the South Side of Chicago could do it if even if he walked in front of U of Chicago and could not afford to get in, much less have the brains...HA
So where would pipscooper be on your comparitive list since he is a rubber and road type of fellow... Hopefully, what you seek is not the billionaire syndrome who continually wishes for yet another dollar. The last billionaire I crossed paths with was frustrated that he was not on Forbes list. Important??? He seamed to think so and above all other matters... Kind Regards, MAK!
ultimately, if you're not trading to get rich, something's wrong. why else would anyone do the most difficult job in the world?