Non-Quant Prop Firms
Simply, do non-quant prop firms still prefer quant majors (i.e. Math, etc) more so than finance/econ? thanks a lot
Trending Content
Career Resources
WSO Free Modeling Series - Now Open Through
April 30, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
In trading, math>>>all
nope
"Fuck math" - Steven A. Cohen, SAC Capital Advisors
It's more about your intelligence. And no, I don't think they prefer math majors above Finance/Econ. Quite the opposite, actually. Non-quant prop, IMO, is a dying field, and I'd avoid it. Non-quant HF would be a better path if you're aiming for a more fundamental approach, since their investments are more long-term. Non-quant prop attempting to day-trade would get eaten alive by HFT shops. (look up Schonfeld's letter to traders)
^classic
good math helps but you still need to know how to trade
It's becoming more and more of a thing yes, but at many prop firms once you get past the initial screening of speed math (which isn't quant anyway), it really depends on the other qualities. Are quants preferred if they also have the same qualities? Of course. But if there is a trade-off, it just depends on the firm, as well as the mix of people they're hiring for that year.
Prop Shops not requiring a Quant Degree? (Originally Posted: 08/30/2011)
As mentioned above, I would be highly interested at which of the renowned Prop Shops, one does not necessarily need a Quant Degree?
I think Optiver is one of those, can you think of any more?
all of them? dont apply for quant roles.
If you go on their websites and look at their job requirements it will usually tell you.
Most would prefer an affinity for numbers, but I think it is pretty rare that they won't look at you unless you have a quant degree.
for optiver run a search on their 8 minute math test there should be samples available online
are you asking for which are NOT black box ran prop desks or require crazy math at work or are you asking which REQUIRE a math degree
Est ab officia incidunt a aspernatur id cumque. In autem autem laudantium fuga reprehenderit. Quia atque quia magnam similique.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...