I am currently majoring in accounting and finance. No computing skills.
How much would someone with a background like me need to get a trading job?
Do you really need to have MAJOR in Comp Sc/Math or could I learn up certain programs which traders require in order to land myself a job at a trading desk?
The reason I ask is, about 10 years back most traders were guys who majored in Eco (Anton Kreil) or Fin/Acc etc.
So what does someone with a non "quant backgroud do to get a job in S&T?
anton kriel...
anton kriel...
I'm a non quant and got a job. All about networking the shit out of yourself and keeping your grades up. That's the secret formula, but don't tell anyone. Getting an internship without networking is a crap shot at best in these times.
It also says "I'm on a boat. Don't you ever forget."
Just knowing addition, subtraction, division and multiplication is all you need. From there it is all just a circle jerking contest.
lol Anton kreil
the whole quant/programming aspect is a bit overstated on this board. At a BB sell side desk, there are quants and programmers, traders manage risk, they do not program all day unless they work on a quant cash trading desk or you are a junior on an exotics desk.
You need to be very comfortable with numbers, but to the extent you can master the products. You dont need to b eable to mathematically prove the black scholes formula, but you do need to be able to understand the methodology and downfalls of any pricing method you use. There is quite a big difference between the two.
In terms of programming, again a good knowledge of VBA is all you need.
Now im talking about general sellside desks. Of course, this doesnt apply to HFT's and quant shops, but honestly, if you are just looking to learn a bit of programming, theres no point because chances are you will never get good enough to actually be in the elite, which you need to be to make money from it.
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