An MD at a BB once told me that unless i am a quant superstar, I should not try to pursue a career in prop trading. Would you all think this is a valid statement?
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Are prop traders quant geniuses?
by MikeMikeMike
(Monkey,
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I can see why he said it for
I can see why he said it for things like options or FI trading. That said, if it's something like fundamental long/short (Lehman Equity Strategies) or minority interest acquisitions that depend much more on valuation and fundamental analysis, I'd have a hard time seeing why quant skills matter in that regard then.
"Would you all think this is
"Would you all think this is a valid statement?"
no
Being a quant genius helps
Being a quant genius helps to get on a prop desk, at least it did in my case.
Ha. Your SN is McGyver and
Ha. Your SN is McGyver and you have modestly insinuated that you are a quant genius...very nice.
As Warhawk stated...it depends on what you are trading and how you define genius.
At quant heavy hedge funds many traders have PHDs and other types of highly advanced degrees.
Depends on the product. In
Depends on the product. In some FI products and other exotics yes it certainly helps. In less quant products it matters less.
"Oh - the ladies ever tell you that you look like a fucking optical illusion?"
It depends on the
It depends on the firm.
Maybe the MD was referring to your specific bank. Some shops will want you to trade through their model.
not valid at all.
not valid at all.
This question is retarded.
This question is retarded. It is like asking "Do doctors specialize in the brain?" Sure, some do; others don't.