What languages/software packages does a 1st year HF analyst be proficient in?
Would MATLAB/R be necessary?
Thanks.
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Depends what type of strategy the fund is running. Traditional Long/Short? Basic Excel + Bloomberg. I also frequently use Datastream/Street Events. If you are in a industry specific group, you will probably also be using some sort of industry database.
In general, knowing SQL and R is very useful. There are tons of resources out there and they are both easy languages to learn. Coursera, Codeschool, datacamp, or go on Amazon and buy a workbook and work through it.
If you work with a lot of raw data and you learn the basics and know how to graph data in R, that could potentially save you a ton of time versus trying to do it in Excel.
It never hurts to learn a new skill.
Discretionary Macro: Bloomberg is the most important, followed by Excel and Outlook...
Knowing R/ Matlab/ Numpy is beneficial for your own modelling. However, it certainly isn't necessary and is often a hindrance as hardly anyone uses it. It wouldn't be worth a person's time to install R on their pc and learn how to run your code to generate daily reports etc. And if you're doing some fairly complex quant work that's easier to run on R, then you're probably completely missing the mark cause the name of the game is to keep things as simple as possible to ensure your work is efficient and actionable.
This doesn't apply if you're a quant.
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