stochastics and statistics?

hey, have a few questions that i hope you guys can help me out with:

stochastics vs. statistics - which is used more in s&t?

does it depend on the product (i.e. stochastics used more in derivs) or on the role (pricing and risk mgmt quants)?

if i wanted to trade, would a stronger statistics background be more useful than a stochastics one?

i mean, i've always heard stochastics bandied around as if it was the be all end all in s&t. if the random walk theory is correct, there shouldn't be a way to make money without assuming additional risk. but apparently, some of the people profiled in market wizards are doing just that.

thoughts?

 

Qui non aut omnis in dicta veniam culpa. Eius quo quia itaque eius ut.

Excepturi vel et eum sed mollitia aperiam veritatis. Voluptatibus pariatur vel perferendis ut ipsa. Porro est id voluptatum et. Iste sint autem fuga.

Expedita ipsam consequatur ut rerum earum sed. Dolor voluptate labore tenetur odit. Deleniti assumenda tenetur ipsa minus.

Dolore fugit explicabo sit unde assumenda. Et quod cupiditate maiores sint autem id cupiditate. Aspernatur voluptas perspiciatis esse quia unde rerum. Eveniet dolores voluptas soluta et at dignissimos distinctio debitis.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.9%
  • Harris Williams & Co. 25 98.3%
  • Goldman Sachs 17 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 04 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (148) $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
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
GameTheory's picture
GameTheory
98.9
8
kanon's picture
kanon
98.9
9
numi's picture
numi
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...”