Investment Banker v.s. Quant
An investment banker does merely simple calculations like additions, substractions, multiplications in the job and could start to earn six figures by being in analyst position. I understand that doing IB opens up a lot of exit opportunities and let you equip much better skills than other finance roles. But what about for someone in a more quantitative role? or someone with a MFE degree? Would a quant potentially earns more than an investment banker and has more exit opportunities?
I have also been thinking whether MFE program or MSF program is much more valuable for someone who intends to look for a well-balanced lifestyle, earns good money and has lots of opportunities ahead in his career.
"An investment banker does merely simple calculations like additions, substractions, multiplications in the job"
lol
btw, you're one fucking demanding monkey. you want to earn shit loads of money, have awesome work life balance, and have tons of exit ops waiting for you. good luck bro!
You need to learn English better to have any sort of shot at being a banker.
he's not being a "lamer", your grammar is pretty bad.
for example, let me quote you: "So would a quant potentially earns more than a MD?"
it should be EARN, not EARNS. come on son, thats basic grammar. and it should be "an MD" and not "a MD", but thats probably a bit more difficult to explain why.
Let me start out by saying, no, that is not merely what a banker does. Banking is a process. Every level of banking, you're tasks are different than the level below you (of course analysts get all the bitchwork, since there is no one lower, except interns). Yes, in the beginning, as an analyst, you do more quantitative work than the level above you, and probably less quantitative (depending on which group) than a quant, but as you progress and eventually reach MD level -- if you staying in banking that is -- your responsibilities and tasks change. MDs are more responsible for managing and creating new dealflow (as well as overseeing the specific deal) -- which requires a whole different skillset. A quant's work is not that versatile, compared to banking (again this all depends on which industry/product group). With that said, quants can exit out to banking (have seen a few that exited out to ECM/DCM) and many other capital market roles; and often move on to HF/FoF with different focuses.
Do typical investment bankers have an inferiority/superiority complex towards Quants? (Originally Posted: 09/24/2010)
just curious. do ibankers have an inferiority/superiority complex towards quant guys? do they think quant guys can make as much as/more than they do and are much smarter, or do they think of them as a bunch of lowlife geeks? whats the general perception?
Sometimes I wonder where WSO would be without you, lookatmycock.
i don't want to look at your cock. call me by my screen name please.
Could be the worst question ever asked on WSO. Or the best.
^^the former
LMFAO what made you choose that screen name?
I dunno. I've noticed that some people start getting uncomfortable when they find out they're dealing with some guy with an econ PhD from Chicago or CS PhD from Berkeley.
Quants are usually pretty low-key folks, though. Even here on the trading floor. For them, it's not about inferiority or superiority- it's about playing the game and solving the puzzle.
If I-Bankers get scared of quants, they probably shouldn't. But if they have a superiority complex, they need to be watching their backs for the one guy they piss off who decides he can do their job a lot better than they can.
Bottom line is that you need to compare yourself- as a team- to other firms- not to other people. If you get an inferiority/superiority complex, you don't treat people as nicely, and not being nice to people tends to come back to haunt you.
I think bankers might get uncomfortable because they pride themselves on being quasi nerds. Traders would probably just dunk the quant guys head in the toilet and sales guys could careless.
Broad generalizations, but you catch my drift.
I don't understand the whole inferiority to someone with more education. I don't feel more superior to kids with just undergrads and I don't feel inferior to PhD's in other fields. I suppose I look up to or maybe respect PhD's in Finance or Econ since I am a student of that area. Everyone has different functions so at the end of the day we are equal.
All replaceable cogs in the same wheel eh, Anthony?
a banker can speak to clients
started to write the answer but...
damn, cant bother
Troll post?
who gets paid more?
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