Level of maths needed for the CQF???

I'm thinking of going after a certification like CQF. I have a strong background in computer programming (C# and databases) but I don't have a very strong math foundation (BA is in business, not comp sci). What level of math do I need for the CQF? I know that they offer a math primer and most of the topics listed for that primer are foreign to me. I'm thinking of taking an extra step and maybe taking some College Algebra courses before starting a CQF and maybe even a Calc course.

Is there a ton of math required for the CQF?

Comments (9)

 
Dec 21, 2011 - 2:49pm

That shit is like 20 grand and I have literally never met someone that has one or has even heard of it/considered getting one.

If I had asked people what they wanted, they would have said faster horses - Henry Ford
 
Dec 21, 2011 - 3:09pm

Have you even researched this? The course is taught by some of the greatest quants to have worked in the industry and costs serious cash. In this course you will be among Doctorate level theoretical mathematicians/physicists looking to transfer into finance and professional level quants. It is focused on providing new ways of thinking about issues in the field so it assumes that you are well informed on the subject already.

 
Dec 21, 2011 - 4:08pm

jktecon:
Have you even researched this? The course is taught by some of the greatest quants to have worked in the industry and costs serious cash. In this course you will be among Doctorate level theoretical mathematicians/physicists looking to transfer into finance and professional level quants. It is focused on providing new ways of thinking about issues in the field so it assumes that you are well informed on the subject already.

false. I work as a quant, and our group doesn't really take this certification seriously. It's not nearly as rigorous as you make it out to be. It places undue emphasis on PDE methods, and doesn't even expose you to alternate (and often better) techniques and barely touches anything in statistics. From what I've seen on resumes and heard from other quants, it's mostly IT folk who take it to transition to a more quant job and the program is definitely not filled with "Doctorate level theoretical mathematicians/physicists ".

OP, what's your goal? From what I've seen, CQF is beneficial if you want to move within your firm. The reason for this is because you're already familiar with the infrastructure at the firm, giving you a leg up against some PhD who needs to be taught everything from scratch. If your goal is to take on more quant projects within your group and the firm will sponsor the CQF, go for it!

If you want to move to a new firm as a Quant, it'll be exceptionally hard - especially since you'll be competing with PhDs and MFEs. In general, I advise getting an MFE from a top 5 school if your goal is to become a quant.

 
Dec 21, 2011 - 4:45pm

LTV, you seem to know a lot about this stuff. If you don't mind me asking, what type of work do you do at your quant fund? Are you mostly programming code or researching various strategies?

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