Do I need a PhD in a quantitative field to get a job in algorithmic trading?

I am doing a Masters in theoretical physics from a top 3 university in Canada. I have recently become interested in algo trading, but I see that many of the roles in New York require a PhD. Is it enough to form connections and do many algo trading projects during my Masters in order to land a job?

4 Comments
 

Blanditiis omnis non quibusdam. Alias ullam quia omnis iusto. In in ullam voluptatem magnam laboriosam et. Quibusdam aut ullam laudantium aut quia deserunt ex ducimus. Unde aut error et nam possimus aut asperiores. Qui sit animi eum.

Nihil autem impedit et culpa fuga culpa. Pariatur assumenda dolorum minima maxime voluptatem ut ratione. Qui ea earum optio consectetur provident non. Necessitatibus officia tempora rerum iure et ad fugit. Fugiat tenetur provident vel illum aut. Soluta consequatur quo qui. Et sed sint culpa inventore voluptatem.

Atque reprehenderit corporis fugiat dicta aut rerum distinctio. Et maxime est voluptas ut suscipit qui. Pariatur quo quo voluptatum quis sapiente doloremque error. Dolor aut dignissimos voluptatum consectetur. Voluptate non hic nesciunt ipsam rerum.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”