trading/investing roles for (semi) quants

Hi all,

I'm currently a student at a target school in Canada studying pure math/stats and am really interested in quant finance and trading. Not looking to pursue higher education and am not really interested in the accounting side of fundamental analysis. Wondering if you guys have any insight into investing/trading roles that are for 'semi-quants' (not PHD level quant stuff), any specific trading products? Any good resources to start looking at? (other than the obvious WSJ and FT)

FWIW, solid python/sql/vba skills and understanding of ML and probability.

If anyone is in the space (preferably in Canada) and is willing to chat or answer some PMs that would be great too.


Derrick Rose, 2010-2011 MVP

Comments (7)

Most Helpful
  • Analyst 3+ in HF - Other
Jun 22, 2021 - 1:11am

Are you in eastern or western Canada?

The roles I suggest are S&T at a bank, junior trader at DRW/FlowTraders/SIG/Akuna/more, or a commodity analyst/junior trader role.

These roles tend to be the middle group between quant and old school traders. 

Jun 22, 2021 - 1:42pm
2010DerrickRose, what's your opinion? Comment below:

Thanks for the response, I am in Toronto. 

Any insight on buy-side/pension fund roles?

Jun 22, 2021 - 5:51pm
Jkjk20, what's your opinion? Comment below:

As far as I know, having a PhD or at least a masters is a must at these buy side firms. First because there are limited seats for quant roles, also because an undergrad degree doesn't really give you the research skills that these roles require

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Jul 2, 2021 - 4:48pm
Bill Carson, what's your opinion? Comment below:

Macro Strategies at CPPIB might be interesting to you. They are not pure quant (QSRP is the pure quant team there I believe) but tend to hire "quanty" undergrads and trade a discretionary macro strategy. To get a FT role there you must do their intern analyst program and get a return from there. Note that this team is not large. 

Jul 3, 2021 - 6:59am
johnius64, what's your opinion? Comment below:

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