Good Major For Quant?
The question is basically in the title. The Major in Economics with a specialization in Data Science from UChicago: http://collegecatalog.uchicago.edu/thecollege/eco…
Let me know what you think - thank you!
Trending Content - Hedge Fund Forum
| +23 | Disciplined but sad / feeling burnt out | 8 | 1h |
| +11 | HF Analyst to ECM IB Analyst? | 11 | 2d |
| +11 | How is deferred comp invested in hedge funds that use a pod structure? | 2 | 4d |
| +6 | Point 72 Referrals | 3 | 4d |
| +6 | Albar capital? | 0 | 8h |
| +3 | Linonia Partnership | 3 | 18h |
| +3 | Lone Pine Co-CIO Leaves for Atreides | 2 | 1d |
Career Resources
I can't comment on this program, as I simply don't know. However, the majority of quants have a Master or Ph.D., and it's difficult to get a quant job as an undergrad.
I saw on Handshake that Citadel, D.E Shaw, AQR, etc. all recruit undergrad "Quantitative Researcher" roles or even "Fundamental Equity", so I think it's possible - not fully sure though.
They do, but you better make sure you're one of the smartest undergrads in the country, to even be considered. Go on LinkedIn and search for quants at firms you're interested in and look at their education; you'll see patterns, and this is the most likely route to becoming a quant.
Also, search here of quantnet for forums on how to become a quant, they're quite helpful.
Its definitely possible with undergrad. That being said, the more quantitative your major, the bigger advantage you will have in landing interviews, so econ would be suboptimal vs say math or computer science.
Do you think this also applies for roles like D.E Shaw Fundamental Equity Analyst and Citadel Global Equities? These are more fundamental discretionary roles but at quant funds and are more what I am asking about - should have specified that.
Why do you specifically want to work in discretionary roles at quant funds, if I may ask?
I've always had more trust in my fundamental analysis abilities than my advanced quantitative abilities, but I've always been fascinated with the quant side of investing. By quant, I don't mean HFT and market-making but rather QR type analysis that a medium term - long term focused quant fund would run. I think JP Morgan called this 'quantimentals' in some report they did, and I guess that'd be a good word to describe my interest.
OK makes sense. As someone who's also interested in both but who comes from a quant background. There is generally very little respect from STEM people towards non-STEM people when it comes to their ability to make mathematically rigorous analyses. Usually this is justified.
Economics plus "data science" is just a catchphrase. Unless you're at least fluent in pandas, sql, and other programming languages you're not a data scientist. You're just someone who can read graphs.
If I understand correctly what quantimentals is (fundamental investing based on large amounts of fundamental (alternative) data) I would prefer an education in computer science and statistics. This however may not be the education that necessarily gives you the highest chance of landing a job now ( I'm not in a position to give you soli advice on that)
I will probably get MS'd for this by butthurt finance boys for this but in general there are a lot of STEM people who can do what non-STEM people do but not the other way around.
I can go more in depth on some points if you'd like that.
Perferendis optio suscipit praesentium porro aspernatur facilis. Adipisci modi at voluptatem aut alias. Enim quia in doloribus eum ut. Unde sed labore harum nam sint tempora. Est est sed fugit occaecati. Eos cum voluptatem magnam dolorem dicta.
Quasi necessitatibus debitis modi magnam accusantium et dignissimos. Est libero ullam soluta id repudiandae non nostrum. Est alias itaque quia sint. Non eum ut illo. Sequi sed delectus voluptatem exercitationem id quo. Animi deserunt est in molestiae.
Veritatis est asperiores quibusdam eaque et dolorum deserunt similique. Libero sint magnam tempore repellendus voluptas sit molestias sint. Quaerat modi corrupti ea eaque.
Est repellat architecto debitis vero sunt qui. Laborum exercitationem consequatur mollitia ut deserunt magnam quia excepturi. Deserunt temporibus exercitationem vitae harum modi. Error quo dolor maxime.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...