quant roles on wall street

What you expect, smart math/science people. And no, not people who took intro to stats and aced it.

They're looking for people who understand how to use and make a stochastic process, time series, how to program etc...

First things first..... you'll be surprised how applicable real analysis, measure theory, algebra, and group theory are to quantative finance.

Quant modelers use such things all the time. Statistics is usually quite helpful because it coincides directly with econometrics and it has more of a probability aspect to it.

Most of the quants that I know of are usually masters and phd's. They prefer people with quantative and computer science back ground.

Now, quants can go into several fields such as risk mgmt., quantative analysis, FI research, structuring..... which side are you talking about?

quants are usually phd's although it's possible to get junior quant work with a masters and in very unusual situations with an undergraduate degree. They like guys from physics and other applied mathematical sciences as well as the areas ziggy discusses. It's pretty much programming and trying to create a model that forecasts the future. Note: Quant models are not the same as the modeling done by Ib's, quants use really advanced math to come with really crazy shit. IB modeling uses a few standardized formulas and just the inputs are tweaked.

quanys get paid pretty well but if you consider the time/financial investment you need to get a phd you're better off financially by going into IB out of ugrad. consider how much you'll earn in those 5 years when you're paid 100k+. It's been my experience in any industry that the people who get paid the most and move to the top are the ones who take positions that have client contact. When you're a CEO it's all about selling.

You should probably take off your name and other personally revealing information. The internet is not exactly the nicest place.

First and DEFINITELY foremost, DO NOT reveal your illness in public like this. Not only is the information privileged, you can DEFINITELY count on people getting the wrong idea. That is not anybody's business. Period.

The MOST IMPORTANT thing to do is to get well. If you were having issues with being bullied you ought to be aware that finance is competitive and there will be a ton of pressure heaped on you as a quant. Make sure you are healthy and stable before making greater commitments.

As to quant work, getting a PhD first would be a better alternative, IMHO. For one, PhD's have become (and will continue to be) the norm for quant roles. Second, a rigorous academic program may be a good preparation, both from the experiential and educational perspectives for a guy with your profile.

But remember, it all starts with getting right with yourself. Until/unless you do that, all career points are moot.

Good luck to you.

Thanks for your reply.I hope I do get to my destination.Do you think that doing Phd from Melbourne uni in Financial Math will help me to get to Londo City or not?

where do you go to school?

I go to PSU ranked around 30 in USNews. I didnt try in high school but am now and I know its not a target or widely respected.

if you want a quant role, major and then do a masters or phd in physics or math.

would mathematical econimcs/finance double major suffice

no...and if you want my 2cents, since PSU is not a "heavy-name" school you have to get excellent marks (i.e. 3.8+) with difficult coursework, and be lucky to get into a good PhD prgram or at least one of the 3-4 top MFin or MFEs.

I am a D-1 starting athlete with 3.8. Now going to major in mathematical economics and finance. I know its an uphill battle you can do anything you put your mind to given the motivation and ability.

Does being a D-I athlete really matter to grad programs? All they care about is whether your research is any good.

Pick a comp Sci minor as well, it should help.

they don't care about athletics at all...if you see the physical appearance of many grad students you'll understand what I mean..:P....

Dude apply to Susquehanna Trading and work on the floor - you need to be in shape and persistent to work on the floor, and athletes have that.

I recommend Susquehanna because they have a solid relationship with PSU (and recruit at other local PA Universities like Nova and Lehigh)

I guess it makes you feel better somehow to put down others. I'm pretty happy actually getting pussy on a daily basis unlike you pussies. I could transfer to any target school i wanted but I dont cuz of the girls. I'm hoping to be a pro athlete but we'll see don't hate cuz your a nerd. thanks. sorry for the ebonics.

lol ok dawg, keep it real

wait, what? did i miss something here?

this forum is worhtless with minimal good information because of ppl like yous

no one was "putting you down," what the fuck are you talking about? as far as i can see, you just started to go on some macho man tangent with no provocation at all

man, you asked something and we offered our opinions; nobody insulted you like YOU DID. Seriously, if you have like 1000$ and free time to spend in random grad school applications do it...but being pragmatic is something good.

the thing that cracks me up in this forum is the false impression that tier two students get from "target-schools". Being from a "target school" does not guarantee at all a top banking job. The competition is still extremely fierce, and no one with a below 3.5 GPA stands much of a good chance unless they have three decent internships. And getting a 3.7 at a top school is extremely difficult due to the competition.

i don't see much good coming out of this discussion i guess its a math related major and the best possible gpa

your question has been answered...jeez..

im sorryyyyyyyyyyyyyyyyy please forgive meee and no it wasnt really answered only partially

fucking retard.

cvh is a moron

you aren't going to be a quant, stop wasting your time

ha you hurt my feelings anonymous people

Math / Stat Soft Engineering (Industrial, Operations Research)

Applied Mathematics and Economics. Typically, but not in all cases, an econ major is a brief add-on to the more rigorous major you choose to pair it with. Your decision also depends on the degree of specialization your school offers. I haven't heard of any undergrad programs in financial engineering, yet, but if your school is larger and more research-oriented, you may be able to find something that fits, if you browse the catalog. In my opinion, a double-major in Applied Math & Economics is the most realistic/reasonable mix you will get. You could always go full-blown Math, and plan on getting a MSF or Ma. in Financial Engineering afterwards.

CS, Math, Econ paired with a math/stats minor, chose anything you like and pair it with advanced math, maybe accounting or finance with a math minor.

Math, physics, engineering, statistics with solid coding skills in C++, R, MATLAB and perl/python should set you on track for almost any quant role (HFT, Sell-side, buy side, risk management etc). Also, when applying for graduate schools these majors are almost required for admissions. As an econ major, I had a really hard time.

As for courses definitely take linear algebra, probability theory, stochastic processes, analysis, ODE, PDE, some econometrics.

computer engineering. u get all the math, stats and programming u need. and they will be harder than if you go the econ route - which u need, cause u have to know the stuff cold if you want to be quant. on top of this you will need some grad training.

if you go the econ route. do a double major in physics and econ but you wont get programming in this option, which you need nowadays and will definitely in the future.

-signed monkey who considered a quant career

oh and btw, comp eng is good fall back...just in case...

I'm strongly considering transferring to a computational finance program. Just wondering, can you still reasonably get into IB or is it more difficult to do so than if you're majoring in finance? I'd like to keep my doors open and not sure I want to fully commit to a quantitatively oriented career in finance yet.

Pancakes:

I'm strongly considering transferring to a computational finance program. Just wondering, can you still reasonably get into IB or is it more difficult to do so than if you're majoring in finance? I'd like to keep my doors open and not sure I want to fully commit to a quantitatively oriented career in finance yet.

If you'd want to have both doors open, I'd suggest an Econ & Math double major, or even a finance and math double major. I've seen people with this combo work at top PE shops, top Hedge Funds, trading, IB, or non-phd quant roles. Computational Finance signals that you're just interested in quant - I can definitely see people not wanting to hire someone who's solely interested in a totally different part of the industry.