It's really not because it depends on the person. I'm sure a homeless guy somewhere can trade better than an Ivy League Math major but that doesn't mean everyone should go homeless if they want to trade.
Honestly, 1styearbanker is not too far off with his intention. The level of education (ex. Financial Mathematics) does not mean you are going to be a better options market maker than someone with a BA/BS.
Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard.
-30 Rock
Seriously, its not the education. Read the trading books. If you want to know how to break-in, PM me.
I mean to get the interviews you may need a background, but if you know whats up, read the books, you should have no problem.
yeah 1styear is right, this q's dumb because the INDIVIDUAL makes a good trader. If you could be a great trader just by picking a major then everyone would take that major and it'd be a requirement to trading.
The question was worded wrong. Recently the question was posed to hedge fund manager and he said he responded by saying he rather have someone coming out of an undergraduate degree rather than some quant guy.
"I wanna Thank the Good Lord for Making me a Capitalist"
it depends on the person and group's need dont you think?
Who do you think the exotic desk would rather have? The quant, the undergrad or the stripper?
it depends on the person and group's need dont you think?
Who do you think the exotic desk would rather have? The quant, the undergrad or the stripper?
all of the above...
my first firm out of college the highest paid trader was a history major, current firm guy was a soco major
it depends on the person and group's need dont you think?
Who do you think the exotic desk would rather have? The quant, the undergrad or the stripper?
Anyway, to comment on the rephrasing, I think perhaps the speaker's point may have been that some Quant's over-rely on the theory and models they create, which can lead to trouble. It's the trader's job to use the models as a guide, but not the be-all-end-all. In my opinion, it still doesn't matter. You don't need to know stochastic processes to trade options, though perhaps the complexity of the studies gives further evidence to a person's ability to think analytically. There really is no answer to this question haha.
Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard.
-30 Rock
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Minima vel veritatis nostrum alias. Dignissimos molestiae quis sed aut sed. Nisi et rerum quos voluptate fugit. Itaque debitis quia nemo voluptate et officiis est facilis. Quia omnis quo voluptas possimus quia adipisci. Deserunt ratione ducimus suscipit neque impedit.
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It's really not because it depends on the person. I'm sure a homeless guy somewhere can trade better than an Ivy League Math major but that doesn't mean everyone should go homeless if they want to trade.
Thanks for your input dumb dumb
Anyone graduate from the Tepper MSCF program on here or know anyone who did?
How is the rep of MSCF vs. the other MSF , QuantFin programs?
Honestly, 1styearbanker is not too far off with his intention. The level of education (ex. Financial Mathematics) does not mean you are going to be a better options market maker than someone with a BA/BS.
Seriously, its not the education. Read the trading books. If you want to know how to break-in, PM me. I mean to get the interviews you may need a background, but if you know whats up, read the books, you should have no problem.
yeah 1styear is right, this q's dumb because the INDIVIDUAL makes a good trader. If you could be a great trader just by picking a major then everyone would take that major and it'd be a requirement to trading.
Dabien pls check you pm
What kind of question is this? Are you this quant finance program person didn't attend undergraduate, why must they be mutually exclusive?
The question was worded wrong. Recently the question was posed to hedge fund manager and he said he responded by saying he rather have someone coming out of an undergraduate degree rather than some quant guy.
it depends on the person and group's need dont you think? Who do you think the exotic desk would rather have? The quant, the undergrad or the stripper?
all of the above...
my first firm out of college the highest paid trader was a history major, current firm guy was a soco major
If you are Nomos Capital. the answer is None of the Above... hire the hooker (http://dealbreaker.com/2009/11/hedge-fund-may-have-hired-pros.php)
Anyway, to comment on the rephrasing, I think perhaps the speaker's point may have been that some Quant's over-rely on the theory and models they create, which can lead to trouble. It's the trader's job to use the models as a guide, but not the be-all-end-all. In my opinion, it still doesn't matter. You don't need to know stochastic processes to trade options, though perhaps the complexity of the studies gives further evidence to a person's ability to think analytically. There really is no answer to this question haha.
Laboriosam id vel eos tenetur eum nostrum quo. Rerum rerum perspiciatis alias laborum et voluptatem quia. Error est rerum fuga eligendi dicta asperiores.
Minima vel veritatis nostrum alias. Dignissimos molestiae quis sed aut sed. Nisi et rerum quos voluptate fugit. Itaque debitis quia nemo voluptate et officiis est facilis. Quia omnis quo voluptas possimus quia adipisci. Deserunt ratione ducimus suscipit neque impedit.
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