Do You Need to be the Second Coming of Jesus Christ to be a Quant Trader?

The short answer is yes. 

Background, there are plenty of jobs in the Quant Trading Realm. This is because banks, MM, and prop shops plan to give about anyone or every one the chance to interview in hopes of finding the .001%. While Quant Trading is in the Finance Realm, they are against hiring those that studied finance in college. The main areas they target are those in the STEM field with next-level problem-solving speed. 

The whole Quant Realm can be really summed on this concept. Firms find those that are exceptional in 1 of the three areas, Math, Coding, and Problem-Solving, but are average in the other two. If you are a fast problem solver, you're a trader, exceptional at math, a researcher, and if you're incredible at coding, you're a developer.

Short Answers to questions- Will getting an MFE help me get into trading? No, an MFE will not make you a quant trader, speed will make you a trader.

I went to an IVY and got a finance degree -No, they do not care if you got your finance degree at an IVY. 

 A really good metric to see if you have the problem-solving speed of a quant trader is score 50+ on https://arithmetic.zetamac.com/ in a 2 min period.

 
 

In sunt quo alias eligendi porro enim. Qui omnis nobis officiis sed voluptatem quo temporibus. Dignissimos odit voluptates dolores nihil et autem voluptate. Corrupti eum a dolorum eveniet temporibus. Commodi quia rerum voluptatum sit deleniti blanditiis corrupti. Fugiat et quo eaque quam quia ea.

Corrupti provident omnis esse vel recusandae dolor. Laboriosam est distinctio pariatur aspernatur rerum. Maxime sunt commodi recusandae rerum. Fugiat consequuntur odit omnis dignissimos ut. Explicabo ut odit quisquam et debitis quasi voluptates ut.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
bolo up's picture
bolo up
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...”