We demonstrate that in semiconductors with strong Coulomb exchange correlat
ions, transient nonlinear Faraday rotation spectroscopy (FRS) more accurate
ly probes the ultrafast carrier relaxation than the widely used differentia
l transmission spectroscopy (DTS). We calculate nonlinear FRS and DTS by so
lving the six-band semiconductor Bloch equations for magnetic Cd1-xMnxTe an
d CdTe quantum wells. We show that for highly excited carriers, nonlinear F
RS rotation spectra closely monitor the ultrafast thermalization of the car
rier distribution, unlike DTS signals. We further show that the magnetic ba
nd tuning capabilities (giant Zeeman splitting) of dilute magnetic semicond
uctors allows one to investigate the electron kinetics in selective bands.
[S0163-1829(98)50844-2].