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MFE after B.Sc. in BA and Economics
Hey everyone, I‘m currently pursuing my bachelor in BA and Economics at a semi-target in Germany. During my bachelor I find my self more interested in the quantitative part of my study. I was in general very interested in physics and engineering beside of finance during my time in school, but...
Changing firms as an early career quant
I am an early career quant at a large funds (2 sigma / jane street / citadel / DE Shaw / etc.). Joined after school, with my team for ~1-1.5 years. I want to switch firms and teams, and need advice from experienced folks. I want to be in a team which directly manages P&L. Current role well-paid but...
Reading list for incoming QR role at top trading firm
Hi, I will be joining a top trading firm for a graduate QR role next summer and was wondering what kind of books/topics are most effective to look into as preparation. Note I have a CS background and it is not decided yet which desk I will be joining (however, the firm is not one of the very...
Careers in Quant Trading/Programming Dev
Hey everyone, I’m a freshman BBA student in a top 5 undergrad program, and as I’ve explored career opportunities it seems that hedge fund trading, specifically quant trading fits my skill set. I understand that often firms seek out phd grads for these positions, but there are obviously other...
Quant Educational Requirements
What is the educational background of someone who wants to be a quant? Do quants usually have phd's or do firms accept a master's as well? If you are not in a top university, is it the end all be all? How do minors fare out, say if you want to do a finance major and math minor, would that be a good...
IMC Quant Trading Technical Round interview
Hi guys, anyone has experience in interviewing for the IMC Quant Trading? Could anyone give me some insights what I should expect for this interview?
Quant Risk Career Choice
Hi everyone. I am pretty new to WSO so just wanted to get some career advice. I am current an undergrad at an Ivy studying applied math and compsci. I was interested in getting into the quant space but I am also still keeping my mind open to ML or data science roles in the tech industry. I recently...
Need Some Career Advice... Work, MBA, MFin?
This will be somewhat comprehensive, and ultimately the question without any prior background is should I keep trying to look for a job? Should I go back to school? Whats your advice? Background I'm a recent graduate from Ohio University. I triple majored in Finance, Business Analytics, and...
How are you supposed to "network"
I am a college freshman about to attend a quantitative trading competition. There will be multiple representatives/recruiters from top firms like Jane Street and Hudson River Trading. I get that I'm supposed to "network" with these people to help my future career but I don't know how. Am I supposed...
Which masters program to choose for going into quant finance?
Hi there, I am looking at applying to Masters programs in the UK for 2024, with my end goal of becoming a quant. I am trying to gage whether certain Masters Degrees such as 'Financial Mathematics' and 'Statistics' are considered as good programs to have for breaking into quant with someone with a...
IB Quant Summer 2024 Applications
I applied to Citi 2 weeks ago, right around when they posted the job listing. Still haven’t heard back yet. Are there any other quant jobs in banking that have been recently posted? Not talking about quant hedge funds. also post if you’ve heard back from anywhere!
Do You Need to be the Second Coming of Jesus Christ to be a Quant Trader?
The short answer is yes. Background, there are plenty of jobs in the Quant Trading Realm. This is because banks, MM, and prop shops plan to give about anyone or every one the chance to interview in hopes of finding the .001%. While Quant Trading is in the Finance Realm, they are against hiring those...
Worth it to transfer from NYU CAS to UNC?
So I just finished up my freshman year at NYU in CAS, and wanted to transfer to UNC CH mainly for campus. I am planning to major in applied math and cs . Would I be missing out on any high finance opportunities specifically on S&T at banks, HFs , and Quant being t UNC. While I am not at Stern, NYU...
Top Quant Masters Candidate: which near-term "Path" makes the most sense?
I recently got accepted to a top ranked FinMath/FinEng masters program and want to work as a buyside quant researcher or analyst when I graduate in 2-3 years (not necessarily at a "top" firm; very open to smaller/boutique HFs). My masters is being done part-time so I'll still be working until then....
MS Quant Trading (IED) vs. GS Quantitative Investing (QIS)
Which role is better for a summer internship: Morgan Stanley Institution Equity, Derivatives Trading & Structuring Goldman Sachs Asset Management, Quantitative Investing Strategies I am looking for a more quant focused role and ultimately hope to end up working at a quantitative position at a hedge...
Villanova worth it over UConn for IB?
Hi, I recently got admitted to the Villanova School of Business, and as of right now I believe I will be paying full cost. I currently am committed to go to UConn for finance, where it will cost me around 40k/yr. Nova is around 80k/yr, and I am getting around 25k/yr from my parents. I plan on...
Harvard vs. MIT vs. Stanford (quant & other finance roles) - a nervous high school senior
Hello, I was incredibly fortunate, and as a high school senior, I am currently choosing between Harvard, MIT, and Stanford. My top career choice is to go into quant finance, but if that option doesn't work out, I'll look to go into more traditional finance roles (IB, consulting, private equity) or a...
Seeking Guidance: Investment Banking Internship, Masters in Quantitative Finance, and Future Career
TL;DR: Landed an investment banking internship, now unsure whether to pursue a Masters in Quantitative Finance or focus on trying to land a full-time offer. Hey WSO, I need some advice on my current situation. I'm a senior undergrad at a large non-target public uni on a full-ride, majoring in...
College Decision Advice: Syracuse vs UConn
Hi, I'm looking to break onto wall street, thinking IB, Equity Research, M&A, or something math related(my dream is quant but I'm aware that's extremely hard to get into, so I think I might want to pursue an MFE after undergrad). I also might want to pursue an actuarial career. Unfortunately because...
Career Crossroad: Actuary or Try for Quant?
Hi all, I'm writing this post because I just had my annual review and promoted to Senior Actuarial Analyst and currently trying to weigh my options. My TC went from 80k to around 100k and I have 2 YOE. For those who know the actuarial space, I am 1 exam away from ASA and pretty confident I can get...
Career Crossroad: Actuary Vs Quant
Hi all, I'm writing this post because I just had my annual review and promoted to Senior Actuarial Analyst and currently trying to weigh my options. My TC went from 80k to around 100k and I have 2 YOE. For those who know the actuarial space, I am 1 exam away from ASA and pretty confident I can get...
Northeastern London Scholars Program
Is the Northeastern London Scholars Program, where I would study in London for 1 year and finish in Boston for 3, worth it? It will cost me about 130-160k, and I plan to major in Finance and Math. I'm looking to make it into an IB/PE analyst position or similar on Wall Street.
Northeastern London Scholars Program
Is the Northeastern London Scholars program worth it for banking/PE? This the program where I will study at NU London for one year than study at Boston for the next 3 and receive a degree. This will probably cost around 130-160k for me, and is the "best" school I got into so far (still waiting on...
Looking for advice for which college to pick to best position myself for breaking into Wall Street
Hi, I am a current high school senior and am pretty set on becoming an IB or PE analyst on Wall Street and transitioning from there. I also might want to pursue a Quant career, as I would confidently say I am very good with numbers. I have gotten into Syracuse, Uconn, Rutgers (NB), Binghamton, and...
Is Quant Finance Halal?
I am an overachieving student, blessed with a deep love for mathematics, and I stand at a crossroads in my academic and professional journey, just as one stands at the beginning of Ramadan, preparing for a month of reflection and growth. I have been fortunate enough to excel in my studies, and even...
The Disturbing Reality of Prop Firm Clout Chasing (Confessions of a Jane Street Trader)
Last month, I visited my old middle school and a few local high schools to give talks on career paths, focusing on my experience in quantitative finance. As I sat down to prepare my presentation, I couldn't help but feel a pang of frustration. In recent years, it seemed like everyone was not only...
Risk Quant is paradise
Well champ, you finally made it. You clawed your way out of your hella non-target engineering college and you're about to get your MSc Finance from a top London school. Well, not quite. Your MSc isn't exactly called Finance (but it has Finance in the name, close enough) and your heart skips a beat...
BB Quant Roles - Full Time at Low-Tier BB or Internship at Top-Tier BB?
First post here - hi all and thanks in advance for any advice. I am currently employed as a MO Risk Quant in a top-tier BB in London. I have been plotting my course out of risk roles (like 99% of the people in this job, apparently) and towards more FO jobs. I currently hold two offers: Full time,...
What do you think is important for long term success in quant finance?
I randomly came upon this blogpost by someone who (I think) works at Citadel. It makes me wonder what are the important factors that determine long term success/happiness in this industry? It seems to require a certain level of intelligence but from (albeit limited) what I've read if you're too...
What school of MFE program should I target?
Hi. I want to apply for master of financial engineering. Ideally I want to be a quant trader at prop shop/ hft. I do not really know what school I should target. I am planning to apply for MFE as fresh out of bachelor grad. Here's my background : - going to state school, well known but very average...
Q&A - Breaking into the Asset Management Industry
Hi! Welcome to a free-for-all asset management Q&A sessions. Here is a little bit about myself and my background: -Current Vice President in quantitative risk at BlackRock, covering equity iShares -Previously spent 3 years at large asset manager in quantitative risk covering fundamental and...
Should I Pursue a Summer internship in Quant Trading or Investment Banking?
I am a Math major and had data science internship experience. I feel my academic strengths, interests and personality point toward quantitative analysis and quant trading as a career. I have taken Finance courses, so I can prepare and apply for IB internship too. Would a quant internship or IB...
Applications of PDEs in buy side quants?
Does any one know how useful PDEs are to quant researchers at hedge funds or quant researchers at market makers? On the sell side, I think many quants use Black-Scholes and its derivatives so it must be useful but I'm curious about buy side applications too. For context, I'm joining a hedge fund...
Compensation Progression for Quant Researcher at upper-tier Chicago prop shops
Curious what salary progression looks like for successful quant researchers (and traders) at firms like DRW, IMC, and Optiver, and the breakdown of the compensation. Is high-performing talent rewarded there? Or does comp tend to lag? Looking for relatively new data, ie, less than 3-5 years of...
Discretionary vs Systematic - Quant Roles
Currently finishing my PhD in STEM and am looking to join the hedge fund industry as a quant. I currently have two offers for London; one from a top macro fund (e.g. Brevan Howard/Rokos) and the other from a well-known US systematic fund (e.g. 2Sigma/Cubist). While I prefer joining the macro fund...
Glass Ceiling for Internationals?
I recently encountered a puzzling situation, something which I could only compare to the story of the Hebrews in the Bible. It all began when I ran into an old friend and his girlfriend at a restaurant. My friend had always been one of the smartest people I knew, and he had gone to an international...
Job in credit risk vs aggregate risk?
Hello everyone, I just wanted to know how would you choose between a job focused on credit risk (loans) and one on aggregate risk. Which one would most benefit a quantitative finance student who is looking for its first job in risk management? Thanks a lot in advance.
Aspiring Quant, Majors and Universities
Hello! Im a junior in high school pursuing an IB diploma. I take the following high level subjects: Math, Physics, and Economics. I take the following at the standard level: French, English, and Computer Science. In the future I would like to work as a quant, and after searching I have found varying...
Would a Quantitative Trading internship be good for my CV?
Hello, I am a last year Master’s Degree student in quantitative finance. I do not have any experience whatsoever in the industry, so I’m having a hard time getting an internship at banks. I may be getting an interview at a prop trading firm as quantitative trading intern. Would this be useful...
Current VP Cloud Engineer/SWE Back Office Monkey, Looking to Pivot to FO/Equity Research/Trading/Anything
Hello, A little about me, I'm a 33-year-old Principal Software Engineer, with a background and passion for capital markets. I worked at a hedge fund the last year but I couldn't get out of the back office and could not see a way out, so I pivoted to working at an AI start-up. I currently hate my...
Best Desks at D. E. Shaw
I'm an incoming QR intern and was wondering which desks might be best for a new hire. I know there's equities, fixed income, futures, and options. Got a really good feeling from the options people but that's a small sample. Looking to optimize both pay and culture. If I wanted just pay I'd have gone...
Received a Quant HF FT offer as a freshman, would like some advice
Hi, I'm a rising sophomore at a target studying math who's currently interning at a quant hedge fund. A few days ago I was offered a return offer which included working during the school year and then receiving a FT offer once I graduated. (This was strictly meritocratic. I had no connection to this...
MSc for Quant Finance
Hey everyone! Im currently a bachelor student of Economics at Sciences Po Paris (just completed) who also did some mathematics in parallel (2 courses in Analysis, 2 in Linear Algebra, 2 in Proba/stats, Numerical methods, programming in python) and am considering the following MScs in Financial...
How to get into quant finance from stats/engineering/math background, 1 year from obtaining PhD
I am about one year from finishing a PhD program in electrical engineering with an emphasis on statistical signal processing (lots of math (analysis), statistics, probability, and some coding (not dev level)). My school ranks in the top 5-10 (not MIT or Stanford but a level below that) if that...
Is this a viable path to becoming a FO Quant?
Hello everybody. I am a high school junior researching colleges one thing I noticed is that most target schools for quant trading are either too expensive for me or unattainable. I think I am a very bright kid, I am great at math and CS and I am passionate in both subjects and my test scores/GPA are...
Morgan Stanley: 2023 Institutional Securities Quantitative Summer Program (New York)
Has anyone that applied to this heard anything yet? I had a first-round interview for this position about 2-3 weeks ago and was told afterward that I would know whether or not I made it to a final round "within the next several weeks". I was also told that I would be notified if I was rejected and...
Is NYU math good enough to get quant trading / dev jobs right out of Undergrad?
Hello. I recently got into NYU College of Arts and Sciences. I don't know for sure if I am going to go here (still waiting on some places) but this one of the places I got accepted to. I also got into some other T20 CS places , but I don't know if they have as much prestige as NYU. I have heard...
Q&A: Quantitative Analyst/Trader - Career Path, Technical Topics, Education
Ask me anything in regards to the quant finance space (buy side, sell side, career advice, compensation, education advice, derivative concepts, risk management, quant trading/research, etc.). I will give you the best answer to my abilities or direct you in a possible path to answer your question. I...
[QUANTRAGE] WHY ARE THERE NO QUANT FIRMS IN AFRICA??
For context, I am a POC living in America and would really like to be in a place where I'm not oppressed (black lives matter asian lives matter whatnot), and working in a prop shop and hedge fund is my end goal. I've been through the application process for many firms in America: from being a...
Looking for a mate to train with for quantitative trading interviews
I am looking for a person to train with for quantitative trading interviews. I think that It would be funny and profitable preparing interviews with someone, by zoom/call! If any of you are interested, please reply below Let me know, Thanks
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