Actuary to Trader?
Hello WSO,I'm an early 30s fellow actuary with an undergrad in math/finance/stats/econ with a 3.6 CGPA from a top 20 globally ranked school currently completing a masters in computer science part time at a top 10 ranked school globally for CS. I have ~10 years of experience working in predictive modelling/data science basically pricing insurance contracts/risk.Lately I have been thinking a lot about some of my other passions like quantitative analysis,, data science, and software development and wondered if WSO might be a place to come to ask professional quants or traders if I am being realistic in having this career aspiration to make this switch so late in the game.My reasons for wanting to switch into quantitative analysis / algorithmic trading is my passion for algorithms, financial markets, and the desire to make (a lot) more money. I currently make about $150k salary plus a 20-30% bonus and work about 30-40 hours per week.Does my candidate profile sound like a good fit for the roles I'm interested in? What sort of hedge funds or prop shops might be likely to hire me? What steps should I be taking to gain more experience, education, or extracurriculars in order to facilitate this transition if I'm not directly competitive in this labour market yet? For example, I was thinking of working in model validation in a bank for a year or two as an intermediate step to highlight my quant skills. Also, let's at for sake of example that an opportunity came up for me in FX trading. Looking at the compensation for FX traders in my city it seems like it would typically be less than what I am already making. Would working as an FX trader in the short-term at a lower comp likely help me to land a more profitable opportunity as another type of trader in a couple years? How is FX trading viewed in the algorithmic quant trading community? Also, I heard that FRM+MSc+Coding is really in demand in investments/banking. What does this combo lead to?