Ib/pe vs QT/QR
Mega fund pe/ bulge bracket ib vs high tier quant firms or maybe even mid-market vs small shops All I want to know is which makes more Please do not make a 5 paragraph answer not answering it saying “It’s for different people don’t do it for the money” I’m begging you that’s all I see and hey maybe this is a little skewed since I’m pretty sure being quant pay is more performance and volatile so it maybe would pay less than even middle market ib and pe just because of the differences on how you get paid and consistency so maybe if you aren't a math genius high finance is better however different forums disagree with this but I don’t know if that’s true and supposedly quants work a lot less a week and make more money still just what I’ve heard P&L gives more potential upside but you usually will still make less than MDS or partners with normal bonuses and or carry
Jesus this is the worst formatted post ever.
And your logic is also bad.
Let’s do this the Jane street way:
Let’s play a game. You can pick one:
1) I pick a number between 1 and 10. If it’s 7, you get $20M. If it’s anything else, you get nothing.
2) you get $2M.
The EV of both are $2M. But secret hidden answer: wouldn’t you like to know what the number I picked was beforehand? Well good news, you can know, because if you were someone who is going to make 20 stacks at Jane street you’d already know bro.
No one correct my math. I don’t work at Jane Street for a reason.
So basically the summary of this reply is: listen bro if you were going to be a good performer at janestreet you would already know I suck at math which is why I don’t work there
Isn’t this literally what I said in the post “getting a good quant job means you have to be a math genius”
I knew I should’ve just posted this in the hf forum
This is a pretty shitty reply, you don't need to be a born genius. You need to be highly educated, and have good communication, that's it.
And secondly even if the role is more performance based which one would you want, the one that is volatile but on avg makes 1-5m without being a kiss as, doing social politics and working 30–50 hours your entire career. Or the one that is more defined but on avg makes 1 mill that had to work 60+ hours a week for a decade.
Unless you are insane, you would probably choose the 5 million offer. you don't work on Jane Street because you aren't educated on the topics, not because you aren't an east Asian genius named Wang Wu.
Eh. Maybe it isn’t that hard to get a job at JS and succeed — I’m not an expert on that topic. But the people I know that work there, who were in stem major(s) with me in school, are truly born geniuses. They won competitions and stuff. Those people that I know are truly born with innate talents. Perhaps they are wasting them and not everyone there is like that, but I am reminded of the Jeff Bezos story where he learned that he was not going to be a physicist by observing the delta between himself and Yosanta, a kid he went to school with.
Regardless — the substantive point is that it’s not wise, or even logical, to make this decision without considering whether you are likely to have good outcomes in the quant route. That’s the real question in fact. If the answer you believe is yes, then I don’t think it makes any sense to do IB/PE. If you are unsure, then you have to decide how much risk you are willing to take. If you assume you’ll have good outcomes in both paths, then the question is trivial since quant is better from a comp and lifestyle perspective.
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