The article makes a good point about MFE degrees. They're a dime a dozen these days and most of them can't answer simple interview questions about linear regression. Its pretty shameful, not so much on the student's part, but on the universities that graduate these kids fully unprepared for the jobs that they think they can get...
The article really buried the lead on this one. The bottom line is that it's flat-out crazy for anyone to get an MFE these days. They cost as much as an MBA and won't get you a job as a quant.
Indeed, I am considering actually writing an entire article on that whole topic.
I haven't done an MFE personally, so I don't feel I can comment too much on what they're like, although I have a few friends who have. A lot of them simply went into research afterwards.
