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H vs S for Quant?
Hi, I am an admit to Harvard College who recently got off the waitlist to Stanford. In terms of aid, Stanford is about 8k$/yr less than Harvard, but this isn't too much of a difference. I don't have too much of a location preference because I am hyper-introverted and probably wouldn't take advantage...
HF/Quant Undergrad Recruiting?
Are there "target schools" like with IB at the undergrad level for HF/quant? What are the top schools? Is it mostly "prestigious schools" or top CS schools?
Will online degrees gain more reputability after COVID?
Looking at those online CS (and in two cases, math) degrees from otherwise reputable schools. Till now as soon as I hear "online" I think it as subpar and I feel like many older hiring managers think the same, but do you think that will change? With my background and grades the ONLY CS/Math program...
Curious about day-to-day life of a GS partner
I'm not in Finance, am in tech industry, and have a noob question about GS partner life. Someone I'd heard about from a distant acquaintance became a GS partner. He started out as a quant at GS after PhD in EECS. I was curious about the actual work a Goldman sachs partner (from a quant background)...
Current Sales Analyst in a BB, but plans to go to a prop shop as a trader
Hi Fellow Monkeys, Pretty stressed and confused right now so any advice is appreciated! I am currently a first-year sales analyst at a BB (GS/MS/JP, return offer) in APAC areas (HK/SG). But sales is not my first choice, assigned to this role because of department restructuring sort of staff....
Education Direction For Undergrad Interested in Quant
Hello All, I'm an undergrad, about to be a junior, majoring in math and minoring in applied math. I've heard the job of a quant is essentially sitting around solving hard problems, which sounds pretty interesting compared to other jobs I've heard about (also the pay lol). I think I should be...
How is a main degree from CMU math for quant trading
I was recently accepted to CMU for the math program and want to get a double major in CS. Will it hurt for quant programs that I have a BS in math and not BS in CS, even though I will have a double major. I could transfer but its a bit of a headache and I will pursue if I am doing well in the CS...
Quant Trading / Quant Research
Hi WSO - hoping someone can shed some light on these two areas of finance. I've found bits and pieces of information, but no detailed breakdown of the two. Understand that there's also some variability in what the titles mean at different firms. Particularly interested in learning: What do these...
Chance of Becoming a Quant
Hi all, I am a current junior computer science major with a 3.65 GPA at a top 20 university and will be interning in the technology division of a bulge bracket bank this summer. I'll mainly be building software infrastructure as opposed to doing work that involves financial knowledge. Previously, I...
Quant resume advice/feedback
Funding ran out on me early at my university job, so I'm looking to pivot to a quant role. Any advice is appreciated, I am targeting research, trading, analyst, and developer roles. Basically wherever I can get a foot in the door.
Dependable Profit in an Undependable Market -- Quantitative Sports Betting
Assuming you know sports betting, you are probably familiar with the many different sportsbooks that are around, some way more established than others. You may think "These other sportsbooks are useless," but if I came back and told you that you should want these inefficient sportsbooks to be around...
Good places to begin career as a quant
I'm tired of being poor (academia lol) and I've always been pretty into markets, so I'm leaving to go work as a quant. Got a few offers from some of the bigger / well known funds and prop shops (think along lines of DE Shaw, Jane Street etc) and after negotiation first year comp looks very strong....
Traders vs. Quants: Is the Gap Closing?
Seems like, after talking with lots of folks around S&T and Quant divisions, that Traders and Quants are converging towards a single role. A lot of BBs now allow S&T Interns to rotate on Quant desks, and vice versa. Also seems like coding and modeling is an advantageous skill for traders. Do you...
Sophomore @ UPenn (CS) -- Want to break into quant
I'm studying CS at UPenn (sophomore) and I want to break into quant. I have national math olympiad experience and a >3.9 GPA, but I can't get interviews. What can I do to improve my application for next year?
Good desks for Stats + CS major?
Hey everyone, I'm an incoming SA at a BB in S&T for 2021. I come from a Data Science & Analytics background, and love playing with datasets to find insights. I was wondering what desks emphasize statistical, analytical, and probabilistic thinking. Any suggestions on desks & roles to look into going...
Quant career perspective
Hi all! I am thinking of doing a further study and moving into quant space on the sell side. Could anyone give a picture of the career perspective as a Quant Analyst in London? For example, how quickly it could climb up along the career ladder like analyst, asso, vp, d, md. And what is the general /...
2021 UBS S&T SA
Sorta late, but figured I'd start a thread for UBS S&T specifically, including quant and sophomore programs. Anyone hear back from interviews, first-rounds, superdays?
How exactly is coding (C++/Python/R/SQL) used?
Been talking to Traders and Quants alike, and it seems like programming is increasing in importance on many desks. However, I see words like 'algos' or 'coding' or 'systems' get vaguely thrown around without much actual meaning. My question is- how is programming in Python/R/C++/VBA used ? Is it...
Fundamental Analysts at Quant Shops
Hi, I've seen some experienced fundamental analysts working at relatively high profile quant shops. What are the rationales for the quant shops to employ the fundamental analysts? What would be their primary responsibilities? Are they treated with "respect" (of course would be dependent on the...
The Heck is a Smart Beta?!?
In a nutshell I ran into an asset trader from Blackrock. he mentioned that he worked extensively on a smart beta project over there. I asked him about it and the concept completely flew over my head. Can anyone give me an overview of the strategy? How exactly is this strategy different from factor...
GS Quant Strat Group Superday Advice
I'm a junior undergrad. I got invited to a Superday for GS QSG: two 45-min interviews. The interview is 3 weeks out - ample time to prep but I want to make the best of it. Could anyone who is currently working there / had a superday with the group in the past share some tips & advice? Specifically:...
[Request] Leetcode Resources & Prep Advice for Quant Trading
Hi quants, I'm a junior majoring in econ & math. I'm going into IB next summer but realized that quant trading (citadel, JS, etc.) is what I'd really like to be in for the long-term. I consider myself some what well-versed in native Python, but haven't actually taken any DS&A classes. Now I got some...
Hedge Fund Industry in Chicago - growing or shrinking?
I'm a late 20s analyst in systematic strategies (risk premia, alternative beta) at a fund in NYC. I'm considering moving to Chicago due to the increased affordability and viability of raising a family in the city proper. However, I'm concerned about the breadth of opportunities in Chicago and...
Selecting Major Advice
Hi! I've really appreciated the feedback on this forum, so am reaching out again. I'm halfway through my undergrad and have the option of completing: 1. A BS in Mathematics and Computer Science or 2. A combined BS&MS in Statistics and Data Science The courses I would take would be virtually...
GS SA 2021 Engineering
S/o to the Quants out there. Anyone have any idea what the math portion will consist of? EV , Probability, die, cards questions, maybe brainteasers ? Also curious on the 2 programming ones, would it be just 2 Leetcode mediums, any Leetcode Hards? Good luck.
Opinion: Screw the GMAT, Take the GRE
I am currently in the process of applying to business school via the deferred admission route, and would like to give my $0.02 on the decision of whether to take the GMAT or GRE. When I first decided on whether to really focus on the GRE or GMAT for business school I looked at a bunch of posts on...
Can I get into IB after getting a PhD?
Hello! I am a Physics student at a top UK university. I will start applying for Spring Weeks in London at IB this autumn (beginning of my 2nd undergrad year), since I am on a 4 year integrated masters course. I know that I want to end up in a high earning finance job, but I really enjoy my course...
How to find a mentor
Hi WSO , Can y'all please provide some advice on how to find a free mentor? I am trying to transition careers from edtech to finance and would like to have someone to come to for advice, etc. Ideally, I would like to my next role to be related to quantitative research/algo trading in the Bay Area. I...
Masters or PhD for quant HF
Hi, I'm recent Physics major graduate of Korea Univ waiting for graduate school admission. Currently I'm accepted to Carnegie Mellon University Master in Computational Finance (CMU MSCF) and Columbia University Master in Operations Research (Columbia MSOR). Here's a deal. If I go to CMU MSCF then...
building quant database and risk modeling / transaction cost analysis
Does anyone have experience setting up a quant database? What is the most optimal way to structure the tables? Also are there any good references for transaction cost analysis and risk modeling? Want to start with mainly equities and options. Thanks for any advice from experienced voices.
leaving quant vs startup
Need some career advice. I am considering leaving my quant role for a startup. I have 2+ yrs of experience as a quant working at a single manager fund. I am considering leaving for a startup that has a product that I find really interesting. The startup has had a strong funding round and they are
Better on-paper background
Hi guys and gals, For context, I work in MM IB within the $50MM to $1000MM transaction value range and have enjoyed the experience thus far with a few caveats. I am from a non-target (however, I was a baseball player) and want to eventually work in a leading hedge fund. I recently received interest...
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CS Lev Fin - good place to SA as sophomore?
Hey Monkeys, Just received an offer from Credit Suisse to work as SA in their leveraged finance division as a sophomore. Would love to hear thoughts and opinions on the group, whether this is a good place to intern as sophomore? A little context: Am non-diversity, should I continue to recruit for...
Where to look for sophomore internships?
Hey all, I've just started my sophomore year at a US News top 5 undergraduate business school and am starting to seek out for internships for next summer. However, I do not know where to start looking and was hoping I could get some help here. I've already looked through LinkedIn/Handshake but don't...
As a software dev at FAANG, can I get a quant trading interview at a top prop shop/hedge fund?
Currently working as a software dev at a FAANG. Still fairly junior: ~2 years out of college--worked at a startup for a bit more than a year before moving into current role. Went to top school and studied Math and CS (ivy league, but not HYPSM). Will I be able to get a quant trading interview with...
Will going to Dartmouth hurt my chances at top quant shops as well as quant funds?
I'm senior in high school interested in quant trading/research and I trying to decided whether or not to apply ED to Dartmouth. It would really help if someone share their understanding of if attending there would make it difficult to get top quant internships. Any insight would be greatly...
Quants - Programs for your Models?
Might be the wrong forum for this, but for the quants out there, what are the programs you use when building your models? I know R is prevalent but I'm curious to what others are used? Also, do you mainly just tweak existing packages or start from scratch? Thanks!
Which Masters Program for Quant?
I’m inquiring about returning to school to pursue a masters in the goal of working at firms like Two Sigma, DE Shaw, Citadel, AQR, and BAM. I’m currently working in the hedge fund space. Can you provide insight into the target schools/programs possibly in order?
base salaries for quant roles in different LOBs in the bank
I have a general question about the salaries for quant related roles. In the big investment banks there is a clear structure on titles. Assuming we are comparing apples to apples, let's say a person has been just promoted to a director level in Front Office Quant/Model...
switching from front office quant to sell-side
Hi everyone, I am looking for a advice. I have a PhD in math from a known university. Currently I have 7 years of experience in front office quant position in one of the major investment banks. I support manual Rates and Credit traders with pricing, risk, etc. My salary stayed in low 200s for the...
Zero to Hero
Hi Guys, how are you doing. I am about to embark the recruitment cycle for Asset Management roles and am not sure what the prospects will be. My background is in Actuarial Science (BSc 1st) and Computer Science (Oxbridge MSc). I have been working in a no name company as a business analyst for 7...
Computer Science undergrad having difficulties getting quant internship- what's next?
Hi everyone! I am well aware that there is plentiful of similar posts on this forum asking about computer science majors who wish to become quants- however, my situation is a little different so I hope you guys can spare me the patience in answering the questions. I'm a Computer Science major from...
UK Quant degree: Imperial Mathematics and Finance vs Cambridge Mathematical Statistics
Hi guys, I'm applying for MSc 'Mathematics and Finance' in Imperial college and also MAST 'Mathematical Statistics' in Cambridge. I already have 2-3 years experience as a developer in a quant hedge fund in London. My goal is to become a quantitative researcher in London. Would any of these 2 degrees...
Looking to move from central bank to the private sector
I work in macro modelling and forecasting at a central bank. I'm an excellent coder, and I have extensive hands-on knowledge of the main models that are used where I work. I'm secure in my job, but I feel a bit stifled with my work environment - it has an academic orientation that I don't like, and...
Help to a confused student
Hi all. I did my bachelor's degree in Mathematics in Greece and now I am doing my master's in Financial Mathematics, at the London School of Economics (LSE). The application period has almost ended and I am worried a lot about my future. I have no prior working experience (no internships) and as a...
Targeted Master's for Top Quant Funds
Hi everyone, I'm currently researching graduate programs with the intent to land a role with a quantitative fund post-grad. My main targets are places like D.E. Shaw, AQR, Two Sigma, etc. My undergrad was in finance and accountancy from a non-target school. Additionally, I've had 3 years of...
Hedge fund trends
Hi all, With hedge funds facing ever increasing competition and challenges, from having to cut management fees to attract investors, to facing increasing competition from quant funds. Does anyone within the industry have any insight on current trends and developments? Is there an increasing need for...
What entry level job is best for becoming a quant.
I know which degrees are best for becoming a quant and that you need a masters degree to get most of the jobs, but there is very little information about what job you should be working if you want to do your masters part-time. That's why I thought I'd ask the question here.
Interview Advice for a Quantitative Role
HI all, not sure if this is the right place for this as its my first post in WSO . Anyway, I have an interview on Wednesday with a large NYC firm that is focused in the life and retirement markets. The reason I am posting here however, is that I have an interview Wednesday with their Investment...
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