Comments (12)

Mar 15, 2011

In trading, math>>>all

Mar 15, 2011
chubbybunny:

In trading, math>>>all

nope

Jan 7, 2013
chubbybunny:

In trading, math>>>all

"Fuck math" - Steven A. Cohen, SAC Capital Advisors

    • 1
Jan 6, 2013

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)

Jan 8, 2013

^classic

good math helps but you still need to know how to trade

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Jan 13, 2013

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.

I don't accept sacrifices and I don't make them. ... If ever the pleasure of one has to be bought by the pain of the other, there better be no trade at all. A trade by which one gains and the other loses is a fraud.

Jan 13, 2013

all of them? dont apply for quant roles.

Jan 13, 2013

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.

Jan 13, 2013

for optiver run a search on their 8 minute math test there should be samples available online

Jan 13, 2013

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

Jan 13, 2013
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