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Thaaaaaat's right, those degrees.
Quoted: Many young people on the fast track to fat paydays in the financial industry are choosing to forgo M.B.A. programs.
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2. On LTCM: "To make money they didn't have and didn't need, they risked what they did have and did need, and that's foolish."
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More power to 'em.
Universities aren't vocational training camps (or at least they shouldn't be in the liberal-arts tradition). And you don't *have to* be there if you don't want to be.
It still probably depends on the position at the Hedge Fund firm, the one that my friend works at does employ a few mathematicians just to crunch numbers and unravel new economic/chart theories.