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IB to Quant
I am studying STEM at a target. I wrongly pursued IB and find it brain dead and monotonous but will be working in this field due to chasing what everyone else was chasing at some strong banks. I really want to pivot to trading - especially quant if possible. Currently I am thinking about picking...
Global Markets Salaries within a Bank in Madrid (esp. quant roles)
The question is pretty straightforward - and is focused on banking salaries, although contributions on HF or proprietary firms is also welcomed. I find there is barely any data out there on what salary you can expect in Madrid if you work for a global bank in their GM division. Variables to account...
are non-quant PMs, Props and MMs still relevant?
Good day, Can anyone comment as to the relevancy of non-quant portfolio managers, prop shops and market makers? Is it even possible to extract any alpha in the short/mid term with all of these quants? Are there any examples of non quants that have persistently collected alpha even ~75% of the yes...
QT/QR/S&T - what statistics topics to self study in preparation for internship applications?
I'm a first year maths student interested in the Trading/Quant side of finance. I heard that probability and stats questions are all very popular for internship interviews. Unfortunately statistics (and stochastic processes) is not done at my university until the second year, so I won't be formally...
Can hedge fund analysts exit into PE
I am considering a career as a hedge fund/quant analyst, but eventually I wish to exit into PE. I heard chances are pretty slight but what if you go to some of the best (Citadel, Point72 etc)? Thank u!
Quant Risk Career Choice
Hi everyone. I am pretty new to WSO so just wanted to get some career advice. I am current an undergrad at an Ivy studying applied math and compsci. I was interested in getting into the quant space but I am also still keeping my mind open to ML or data science roles in the tech industry. I recently...
Engineering degree into quant
Hey everyone, I recently graduated (this year) with a masters degree in renewable energy systems engineering (mix of electrical and mechanical) from a RG university and I landed a job in an insurance company in what is essentially a data analyst / scientist position. However, I would like to pivot...
Trading at GS/MS/JPM or Sales & Trading at Jane Street/Citadel/Two Sigma
Trading SA at top BB or institutional sales & trading intern at top quant firm for landing a credit trading job post-grad. Catch is that the chance of a credit desk for intern placement/return offer is very limited at the BB - on the other hand the quant firm offer is more sales focused but all...
Which masters program to choose for going into quant finance?
Hi there, I am looking at applying to Masters programs in the UK for 2024, with my end goal of becoming a quant. I am trying to gage whether certain Masters Degrees such as 'Financial Mathematics' and 'Statistics' are considered as good programs to have for breaking into quant with someone with a...
Virtu Trading Intern OA
Has anyone heard back from Virtu for the summer 2024 trading internship? I applied with a referral about a week ago but have heard no communication from them, all I know is that it's supposed to be a trading OA.
Compsci master to transition into tech
Hey, so typically in the UK larger universities like UCL and Imperial or even maybe Oxbridge tend to do these compsci masters who are only available for undergraduates who didnt study compsci, math or physics. As such, its more targeted towards humanities and social sciences undegrad I was wondering...
Do You Need to be the Second Coming of Jesus Christ to be a Quant Trader?
The short answer is yes. Background, there are plenty of jobs in the Quant Trading Realm. This is because banks, MM, and prop shops plan to give about anyone or every one the chance to interview in hopes of finding the .001%. While Quant Trading is in the Finance Realm, they are against hiring those...
Quant Dev: Central risk book
Hello, I work at a well known buy side firm as a trading developer (in Tech). Recently, I was asked to move to a Quant dev role in a Central risk book team (in business). The move is coming up in two months and I am told the new team uses Python/Java/KDB etc. Would really appreciate any advise about...
quant at citadel/de shaw contribution split
For a quant researcher at a centralised firm like citadel sec/ de shaw/ two sigma, if he writes up a strategy and actually earned money, will he take full credit for it? For example, the firm will give 10% pnl as bonus. The strategy itself is his original idea and he carried out the full research...
MS Quant Trading (IED) vs. GS Quantitative Investing (QIS)
Which role is better for a summer internship: Morgan Stanley Institution Equity, Derivatives Trading & Structuring Goldman Sachs Asset Management, Quantitative Investing Strategies I am looking for a more quant focused role and ultimately hope to end up working at a quantitative position at a hedge...
Villanova worth it over UConn for IB?
Hi, I recently got admitted to the Villanova School of Business, and as of right now I believe I will be paying full cost. I currently am committed to go to UConn for finance, where it will cost me around 40k/yr. Nova is around 80k/yr, and I am getting around 25k/yr from my parents. I plan on...
Need Career/Life Advice
Hello, I'm currently a high school senior and have recently been struggling to select a career path. I have a great affinity for econ, math, and cs/problem solving and would like to combine these interests through my career. I've looked into PE, IB, MBB, and Quant roles and am not sure which one...
Career Crossroad: Actuary or Try for Quant?
Hi all, I'm writing this post because I just had my annual review and promoted to Senior Actuarial Analyst and currently trying to weigh my options. My TC went from 80k to around 100k and I have 2 YOE. For those who know the actuarial space, I am 1 exam away from ASA and pretty confident I can get...
Career Crossroad: Actuary Vs Quant
Hi all, I'm writing this post because I just had my annual review and promoted to Senior Actuarial Analyst and currently trying to weigh my options. My TC went from 80k to around 100k and I have 2 YOE. For those who know the actuarial space, I am 1 exam away from ASA and pretty confident I can get...
MathHeads.net - Level up your mental math skills
Mental math stages are quite common when looking for a job as a quant or trader. MathHeads is a dynamic game designed to enhance your mathematical abilities and analytical skills. Available on both desktop and mobile devices, MathHeads uses gamification to make math learning more engaging and...
Citadel Discover
I am doing the Citadel spring programme called ' Discover'. It has a quant challenge. What can I expect to have on it? How do I prepare for it?
IB -> Buyside Quant?
I am preparing to enter Investment Banking after graduation, but have always been interested in Quantitative Trading. However, my undergrad degree is non-technical. If I wanted to pursue a Quant career, what route would I have to take? (Is a coding boot camp sufficient, would I have to enroll in a...
Quant: HF vs BB
I have received the following 2 internship offers, both in London: - Quant Strat at BB (GS/JPM/MS) - Pricing Quant at HF (~$15bn AUM) Both opportunities are very interesting, pay about the same, and should be relatively easy to convert to a full time offer. I was wondering if anyone can offer some...
What school of MFE program should I target?
Hi. I want to apply for master of financial engineering. Ideally I want to be a quant trader at prop shop/ hft. I do not really know what school I should target. I am planning to apply for MFE as fresh out of bachelor grad. Here's my background : - going to state school, well known but very average...
Should I Pursue a Summer internship in Quant Trading or Investment Banking?
I am a Math major and had data science internship experience. I feel my academic strengths, interests and personality point toward quantitative analysis and quant trading as a career. I have taken Finance courses, so I can prepare and apply for IB internship too. Would a quant internship or IB...
Front Office Quant pay at banks?
Hey guys I've seen a lot of compensation threads for IB and S&T folks but nothing really for quants at banks. I'm entering as an Associate 0/1 at a Big 5 Canadian bank for some strats team (team selection not finalized yet). I was just wondering what the typical annual/performance bonus is for front...
Remote quant hedge fund roles
Do any quant hedge funds outsource research (consultant) or offer remote roles. I want to take full advantage of geographic arbitrage. ~2k/month rent in London = ~60k+ earned income at marginal tax when earning over 100k total.
Definitive list of quant hedge funds/market makers with exposure to/interest in crypto
Is there a definitive list of quant hedge funds/market makers with exposure to/interest in crypto? If not I will start: GSA Capital (Bloomberg /news/articles/2021-10-26/quant-hedge-fund-gsa-capital-joins-the-rush-to-ride-crypto-boom) G-Research (Kaggle /c/g-research-crypto-forecasting/) Jump Trading...
PhD quant fund compensation 2022
What is the current 1st year compensation outlook for new quants holding PhDs at either hedge funds or market makers? A data point I have for a market maker (for any grads/no PhD) is €25k sign-on €75k base €125k 'variable pay' - not sure if this means your potential bonus is capped at €125k...
Investment bank internship to transition to become quantitative researcher
I will be interning at a top investment bank in either structure or trading. Which is better for buyside quant research roles in the future?
Barclays S&T or Citi Quant
I am conflicting between Barclays S&T and Citi Quant at the moment. I am interested in derivative trading. From my understanding, both position are rotational program, however, I am not entirely sure if one can rotate to a trading position for Citi Quant. I would like to learn more about the...
Quitting a part-time internship to find a full-time job after graduation
I am a master's student at a great engineering school in a quantitative finance discipline, finishing up this fall semester. The quant internship I had this summer came back with a non-quant job offer, and a part-time offer for the rest of the semester. I accepted both, because I thought the...
Best Desks at D. E. Shaw
I'm an incoming QR intern and was wondering which desks might be best for a new hire. I know there's equities, fixed income, futures, and options. Got a really good feeling from the options people but that's a small sample. Looking to optimize both pay and culture. If I wanted just pay I'd have gone...
Received a Quant HF FT offer as a freshman, would like some advice
Hi, I'm a rising sophomore at a target studying math who's currently interning at a quant hedge fund. A few days ago I was offered a return offer which included working during the school year and then receiving a FT offer once I graduated. (This was strictly meritocratic. I had no connection to this...
Smaller quant hedge funds in NYC/CT
Excluding the top 15 quant HFs, how can I find smaller shops in NYC/CT? My background - engineering degree, started in tech for 6 years, landed a developer/research role at a quant hedge fund for 4 years, switched to research at an AM for 5 years, now looking to go back to a HF for a QR role. The...
Quant Strat Internship Advice
I'm starting as an off-cycle intern as a quant strategist on a credit derivative desk in a top tier BB. I worked extremely hard to get here but now that my start date is impending I'm very nervous. Do you have any advice on how I can best prepare, or what to expect from my first few weeks?
Algo Quant/Equity Derivatives Quant at IB vs. Portfolio manager at AM
I am currently working as a junior developer in a back office in a big investment bank. While I enjoy programming, I also want to break into the front office and get closer to investment or quant related areas. Which one below is a better choice in terms of career path, salary, work life balance and...
ares landmark quant pe role?
can anyone tell me about the Quantitative Research Group at Ares? The position is for PE secondaries, out of NY (it's through Landmark Partners, which they own). i'd like to know more about pay, hours, exits, etc.
Cornell Double Major Advice for Quant Role
I've committed to Cornell CAS and I was looking to get some advice as to what I should major in. I plan on majoring in math, and due to the structure of the major and its requirements, it's relatively easy and common to double major. The second majors I'm most interested in are CS and econ. I'm...
Approaching these types of quant application questions?
How do you prefer to follow the movement in the stock market? - Daily -Weekly -Monthly or Longer At any given time, how many stocks do you follow? -less than 5 -6 to 10 -more than 10 I'm assuming they want to see shorter timeframes? Any other thoughts? Feels like I have to mind-read the interviewer...
Questions from a Prospective Quant
Hello, Brand new account but have been a lurker at WSO for a while. I am currently a high school senior and am quite interested in going into quant trading or related area. Any insight or wisdom into the following questions would be much appreciated: 1. Best Major/minor combinations for an aspiring...
Advice on becoming a quant/ Is this realistic?
For some background, I’m 23, graduated with a BEng Mechanical Engineering in May (GPA 3.38/4.2, (2.1)). And am due to begin a one-year MSc in Financial Economics at the beginning of February. My goal is to start my first “big boy,” job as a quant in January 2023 (hopefully finding a job before...
Morgan Stanley E-trading (Fixed Income) vs Options Market Making Firm
I've been offered a position with the e-trading desk of Morgan Stanley as a strat to develop algorithms that have a direct impact on the PnL, and another job as a Quant Researcher in an options Market-Making firm (not one of the bigger ones, but particularly for a region). I am unable to decide...
Is equity research a dying field?
Just talked with a professor who was an MD at an investment bank for 30 years. He said equity research is a dying field. Less and less institutional investors are even buying research and that ER is relying more and more on quant-focused strategies. I would love to hear opinions from people actually...
Quant (Data Science Oriented) at BB Bank, or FAANG SWE?
I'm a new grad finishing up my master's and am fortunate to have to decide between the two following opportunities. I'd be grateful if people could drop their own two cents. 1. Quantitative Analyst (data science oriented) at a BB bank ~$130-140k + bonus total comp. 2. FAANG Software Engineer...
aquatic capital management
Anyone have insight into this fund? Founded by former Citadel vet. They've been around since late 2018, but still doesn't seem to be running money. Any tips on their performance or if they are active in the markets would be great.
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Fundamentals v. Quant? All Perspectives Welcome
Hey everyone ✌🏿 Jumping straight to it --currently at a target school studying Data Analytics + taking an IBM Data Analysis cert this semester. My school's program is focused heavily on R, Excel, SQL, and Tableau, and the IBM cert has 70 hours worth of Excel, Python, IBM Cloud computing, and...
Which internship to take if I'm interested in eventually working as a QR at an HF?
Junior undergrad at a non-target here. I unexpectedly received offers for a QR internship at a BB and a QT/Prop Trading role at a reputable HFT firm. For the BB role, I'm on a FO team, but I am not sure what exactly I would be doing yet. Could any more experienced users help me figure out which...
Didn't get return offer after BB internship- options
Hi, I didn't get a return offer after interning w a BB as a quant due to soft skills that weren't communicated to me until the final meeting (I was sending emails too late, wasn't on BBG on time, small spelling mistake in a slide). I fucked up and I definitely hate myself for ruining a good opp. I...
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