I know that there are other websites for it but the people on those forums are all angry math majors with no real understanding of the financial world, and are also likely virgins. I think that, especially since we've seen topics about CS from people who still want to do finance, it might be a good idea. There are many jobs requiring programming knowledge well beyond the usual SQL queries that some businesses want from employees and I think this could be a good place to discuss it.
Different businesses I've encountered that want quant analysts at different levels (definitely including undergrad): - Analytics consulting - Quant risk - FO development (usually trading) - HFT / automated trading / quant. trading - Economic forecasting - Stress testing - Hedge funds
These may seem loosely related at best in the world of finance, but quantitative roles in these fields all require a similar skill set: quantitative education (econ / math / engineering), expertise on stats concepts (keywords like time series / ANOVA / ARIMA / Akaike / etc.), and strong programming background (Python, R, Matlab, SAS, et al).
As for why it can't go into the other forums: quant analysts may not always stick to a conventional career path like moving into management after a few years and helping to run the business. Exits for quants can be pretty entrepreneurial including starting one's own business (consulting, investments).
Lastly, I think we have a few quantitative analysts of different varieties on the site already, potentially even a former rusty Honda owner.
I could be wrong. Thoughts?
I like this idea
Heavily support this idea
There's quantnet for that.
There's Quantnet already for quants but IMO WSO should have a forum for quant finance due to a) having more users here b) it being a growing part of the industry. Benefits both the quantnet users with giving them a broader understanding of the career types in finance and the users of WSO by making the work of quants less obscure.
Call it 4chan
That would be an awesome and higly valuable forum
AndyLouis WallStreetOasis.com make it happen
I'm pretty anti new forums (as many members know)...simply because the amount of work our existing mods need to do in order to move ~20-40+ threads every day to the proper forum as it stands now. It's hard enough with 20+ forums to place threads into the right areas, with every new forum we add, ironically we can make things less organized...
Kassad , in running a search on quants on WSO, I definitely see there are a decent # of mentions of "quants" in several hundred threads, most of them falling into the trading, IB and hedge fund forum. What if we just made the trading forum the "S&T and Quants" forum and from here on out we make sure all quant related discussions end up in the S&T and Quant forum?
Thoughts? Patrick
ps - I eventually did come around on the real estate forum which is now one of the more popular ones on the site, so it can happen, I just usually like to make sure the # of forums is not growing
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