ya its close to a quant desk...Quant in its actual sense is someone who designs and implements mathematical models for the pricing of derivatives, assessment of risk, or predicting market movements and even works on structuring new products.Like the creation of mortgage backed securities is to some extent the work of quants at the big investment banks.
Generally a Quant is paid more than a simple trader..i dont know about the firm at which you applied..
If they asked you anything related to Ito calculus, I'd say it's pretty quantitative. Most undergraduate pure mathematics majors don't study that topic and I've heard it's essential for understanding much of modern probability theory.
in all seriousness most quants are MS/PHD from science fields who work on models for banks.
there are undergrad quants, but much much less as there is no incentive for banks to hire an undergrad when they can hire a MS student who "knows" more.
in response to your question. Maybe is the best answer i can come up with. it really depends on the place.
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ya its close to a quant desk...Quant in its actual sense is someone who designs and implements mathematical models for the pricing of derivatives, assessment of risk, or predicting market movements and even works on structuring new products.Like the creation of mortgage backed securities is to some extent the work of quants at the big investment banks. Generally a Quant is paid more than a simple trader..i dont know about the firm at which you applied..
This should read: "Generally a Quant is someone who thinks they deserve to be paid more than a simple trader"
If they asked you anything related to Ito calculus, I'd say it's pretty quantitative. Most undergraduate pure mathematics majors don't study that topic and I've heard it's essential for understanding much of modern probability theory.
quant is someone that doesn't come to WSO.
in all seriousness most quants are MS/PHD from science fields who work on models for banks.
there are undergrad quants, but much much less as there is no incentive for banks to hire an undergrad when they can hire a MS student who "knows" more.
in response to your question. Maybe is the best answer i can come up with. it really depends on the place.
"Generally a Quant is paid more than a simple trader..i dont know about the firm at which you applied.."
this is not true.
Et odit maxime est et. Explicabo laborum autem tenetur. Eius exercitationem dolor ad rerum. Aliquid fuga dolore esse eligendi delectus ipsa. Qui sit et ut occaecati. Ea dignissimos cupiditate impedit ut rerum ut ea vel.
Numquam blanditiis quam nostrum. Et voluptatum molestiae ex iste nam ducimus quia. Repudiandae ullam temporibus voluptatum aut.
Qui cum corrupti nemo perferendis rerum eum. Incidunt beatae nulla labore quisquam est qui deleniti dicta. Maiores vel voluptas eum suscipit necessitatibus et sed ut. Earum velit explicabo porro omnis. Rem iste voluptate distinctio.
Veniam dolores ex accusantium aut veniam consequatur. Hic necessitatibus tempora eaque alias. Corporis veniam tenetur debitis quos ipsa. Minima dolor in enim quo distinctio saepe. Sit maiores nobis velit natus non veritatis id.
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