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Future of Econ/Finance Grads in the Hedge Fund Industry?
There was a similar post from 10 years ago but wanted to get some up-to-date responses Since hedge funds and a lot of trading jobs today are dominated by quants, do people with an econ/finance degree without or with little programming knowledge have any potential in the HF industry? A lot of...
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...
Past Prop trader - Looking for a partner Quant Developer to start a fund
Hello I am a former prop trader and now Investment Analyst in a Asset Manager in London. My aim is to co-fund my firm with the help of the right partner. My strategy is applicable to both daytrading and swing trading, mostly stocks and futures. I am looking for a Quant to join me in the vision and...
Zero Latency in the City
No, it's not a new HBO show starring Sarah Jessica Parker as a lovelorn quant. It's Volta , the first bulletproof data center built in London in the past ten years. At a cost of more than $40 million, its proximity to the financial heart of The City is geared towards shaving milliseconds off...
The Age of the Main Street Quant Is Upon Us
Mod note: Best of Eddie, this was originally posted on 2/11/13. I suppose it was only a matter of time before regular guys with a head for algorithms found a place to try their luck on Wall Street. Internet start-up Quantopian exited beta last month and promises to democratize algorithmic trading...
An Econ Professor, Prospective IB's, And The 99%
It’s almost been a year since I began with WSO and I think I’ve come to get a feeling about what’s it’s like to go through the IB process. Perhaps some go into college with nothing more than a pipe dream of owning a corner office as head of an IB team. At one time I know I had similar...
Learn R for Free
It never hurts to increase your skill set, especially in this economy. And when you can do that for free, so much the better. And when you can learn something for free that is in demand all over Wall Street, well that's just the icing on the cake. So I wanted to let you know about a new course that...
A tragic hero of financial engineering
Most of you here are familiar with the Black-Scholes formula since it’s imbued in every possible textbook of corporate finance 101 under the sections of option pricing. The infamous black-scholes-merton formula was created by Nobel laureates (now unfortunately also blamed for the credit crunch)...
Call all algo traders...
Hey all, It's been a while but AH is back! I'm specifically looking for algo traders or quants here. I did my S&T internship at a BB , graduated college (Finance) 2012, started full time derivatives trading at a reputable trading firm (market maker), and left in the spring. The more I market make,...
The programmer-trader divide at prop shops
At pure HFT shops such as Getco and Jump, the programmer/trader is synonymous. But at more "hybrid" firms, where there are separate people doing programming vs trading, there seems to be a cultural divide and some sort of mutual contempt. For instance, I talked to a friend who's a quant at a top...
Attention Smart People!
Can someone please explain to me conceptually, and in english, what these things mean: Risk Neutral Probabilities and why you'd use them The LogNormal Distribution Model and why it works well in the short term but not the long term I'd definitely appreciate it and give you a favor you need back
Best Undergrad for a Quant Two Questions
What would be the best undergrad degree for a quant? Currently i am a Finance undergrad because at first i wasn't sure if i wanted to be a quant. My second question is this, is the quant role taking over sales and trading by way of how they are able to build financial models and programmers are able...
A Little History with Jorge
So, another Monday’s about to end and if you’re like me, I bet you’d rather kick back and forget some of the stress and melancholia it usually brings. My usual habit, if I’m not in front of the TV, is to grab a book and maybe a few drinks but I’ve been on a documentary binge lately and...
Level of maths needed for the CQF???
I'm thinking of going after a certification like CQF. I have a strong background in computer programming (C# and databases) but I don't have a very strong math foundation (BA is in business, not comp sci). What level of math do I need for the CQF? I know that they offer a math primer and most of the...
Flash Crash 2.0?
The May 6 flash crash was a crazy event , the Dow plunged 998 points and stocks like Accenture dropped from $40 to a single cent in the span of minutes. Debate on what may have caused it has been never-ending, from the fat finger theory to shitty trade execution getting the blame for it, but one guy...
Ranieri to the Rescue
I remember the first time I read Liar's Poker. A young Midas was on his first ever flight back from Rio, reading about the legends of Salomon Brothers and feeling like King Salomon himself. Back in those days I would go into places like Club Monte Carlo and ask questions like " am I allowed to...
Complementing a Math PhD: Master's or MBA?
I need help making a tough call on graduate education. I hold a PhD in mathematics and have four years of work experience in academia and three in the non-profit sector. I am in my mid-thirties and I am looking for a career switch. I hold offers for the following three programs: MBA from INSEAD MSc...
How Difficult is Investment Banking?
I suppose with all the focus on how difficult it is to get in in the first place, an the fact the hours are insane, people dont really talk about how challenging the actual work is. I mean we know its a tough job with the pressure and hours but how difficult is it to build a model? Is it challenging...
Traders: What do you want from your quants?
From a trader's view, what separates a good quant from a shitty one?
Investment Bankers vs. Quants | Who Is Paid More?
Assuming everything was the same, same school, same age, same years of experience -- who would normally have the higher total compensation package? Ibankers or Quants? Who Is Wealthier - Investment Bankers or Quantitative Analysts Our users generally share that "Quants" generally make more and are...
Which forum is for quants here at WSO?
Which forum are for the prospective quants on here? I know it ain't ibanking, consulting, private equity, ER , VC , or Asset Management. Maybe Trading or Hedge Funds? I use QuantNet's forums but those guys are too serious. Is there a quant section on WSO? I'm talking about the guys who majored in...
To what extent do algo's dominate the market?
I'm considering whether I want to do a career in S&T and I'm having a hard time deciding. I love Trading. Like most on this site have pointed out, you have to live and breathe the markets and I'm sure that I do. But ultimately, I wouldn't want to join an S&T desk at a BB , specialize in an asset...
Documentary on Quants
Just came across this documentary on The Big Picture: http://www.ritholtz.com/blog/2010/04/quants-the-a… It's a Dutch documentary about quants and the financial models used to price securities. Quite a few interviews with Paul Wilmott and Emanuel Derman.
Ibanking applicants get along quant applicants better than fellow ibanking applicants?
Call this a useless question if you want, but I was just curious as to what you all thought. My friend who's applying to all i-banking positions for internships, said that he get along with quant interns better, simply because they're also interested in finance and they don't compete with them for...
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