SERVING THE QUANTITATIVE FINANCE COMMUNITY

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by liam
December 12th, 2019, 5:57 pm
Forum: Careers Forum
Topic: Education advice for a wannabe quant
Replies: 10
Views: 8602

Re: Education advice for a wannabe quant

You certainly don't need a math PhD to become a finance quant, whatever that may mean these days. And, vice versa, most math PhDs are entirely unsuited to be quants. Sorry to piggy back, bearish, but this is a good point to start on. OP, when you see requirements like a PhD on a job spec understand...
by liam
September 14th, 2016, 6:58 pm
Forum: Careers Forum
Topic: machine learning and big data
Replies: 24
Views: 6120

Re: machine learning and big data

Proficiency with "machine learning" and "big data" is currently valued in the financial quant job market. What credentials can you acquire to demonstrate such proficiency? For some time there have been master's degree programs in finance that focus on stochastic calculus and derivatives pricing. Ar...
by liam
August 23rd, 2016, 12:07 pm
Forum: Careers Forum
Topic: What to do when tired of finance?
Replies: 20
Views: 3375

Re: What to do when tired of finance?

And what about leaving quantitative finance for... finance? Forget coding, forget (financial) models, forget traders with oversized egos. A quant will always be "Look at his eyes, I'll give you a hint, his name is Yang. He won a national math competition in China he doesn't even speak English!" Ban...
by liam
August 3rd, 2016, 12:47 pm
Forum: Careers Forum
Topic: Confidentiality guidelines
Replies: 3
Views: 1409

Re: Confidentiality guidelines

I'm not a lawyer either but the general guideline would be - no deal names, no customer lists, no identifiable information, no pricings, no description of strategies. Speak in general terms and talk about tackling issues that only someone that has modeled would identify. When it comes to transaction...
by liam
June 24th, 2016, 2:29 pm
Forum: Careers Forum
Topic: Ranking quant trading group prestige
Replies: 5
Views: 2601

Ranking quant trading group prestige

<t>QuoteOriginally posted by: CommodoreThank you for your thoughts, liam. I appreciate what you said about the importance of liking the role. That's probably the advice I'll follow.It's not so much liking the role it's whether or not you get trained to understand finance. Sometimes this happens anyw...
by liam
June 18th, 2016, 4:38 pm
Forum: Careers Forum
Topic: Ranking quant trading group prestige
Replies: 5
Views: 2601

Ranking quant trading group prestige

<t>Sounds like your classic "it worked for me, so will for you" bits of advice. Quant finance works very differently from MBA finance so taking that advice is no better than taking advice from someone who manages a team in Sainsbury's or a TV director.Your first job can help launch you but it is not...
by liam
June 17th, 2016, 12:08 pm
Forum: Careers Forum
Topic: Choosing the right MQF
Replies: 11
Views: 3102

Choosing the right MQF

<t>QuoteOriginally posted by: Marco72I work at a Tier 1 bank and have interviewed very few MSc applicants who didn't graduate from the top institutions. My impression is that if you get an MSc from a not very well known university, you may struggle to convince a recruiter to put forward your CV. You...
by liam
June 16th, 2016, 7:06 pm
Forum: Careers Forum
Topic: Need Advice on How to Study / Proceed
Replies: 9
Views: 2683

Need Advice on How to Study / Proceed

<t>I'm not sure it is that easy to do. C++ in a hedge fund/trading firm tends to have to be pretty darn good and some people that do C++ day in day out would be able to tell you exactly what the specification of a function is in that language off hand with just one years experience.Is it possible to...
by liam
June 16th, 2016, 6:34 pm
Forum: Careers Forum
Topic: How Do Headhunters Work?
Replies: 5
Views: 2330

How Do Headhunters Work?

<t>QuoteOriginally posted by: CaffeineLoverWhat is the nature of the relationship between a headhunter and a company to which he can send candidates? Does he have a special relationship with these companies? If so, then I take it that:If a HH has a relationship with companies X, Y, Z, then he cannot...
by liam
April 19th, 2016, 10:07 am
Forum: Careers Forum
Topic: Finding work overseas
Replies: 3
Views: 3003

Finding work overseas

<t>Internet and HHs are the way to go here. Using your network to get a role overseas is tough unless you have a filofax only business developers ever seem to have. In your situation i.e. doing the same work again, HHs alone will do the trick.The curse of being a quant and networking is that most co...
by liam
April 10th, 2016, 3:33 pm
Forum: Careers Forum
Topic: Getting a jon after PhD with no experience
Replies: 10
Views: 3987

Getting a jon after PhD with no experience

<t>QuoteOriginally posted by: FeynmanJrI am currently working on finishing my PhD in physics in US. Recently, I started to think to apply in a quantitative job (preferably in NYC or anywhere else in US) instead of going for a postdoc. However, since I was in academia for my whole life, I have no exp...
by liam
April 10th, 2016, 3:21 pm
Forum: Careers Forum
Topic: Getting a jon after PhD with no experience
Replies: 10
Views: 3987

Getting a jon after PhD with no experience

<t>QuoteOriginally posted by: bearishThose of us who have been doing this for a while are rather tired of physicists who appear to have woken up in the morning before applying for a job thinking something along the lines of "ah, I am smart and good with math and computers; I hear I can make a lot of...
by liam
February 29th, 2016, 4:18 pm
Forum: Careers Forum
Topic: Projects to Improve Programming Skills
Replies: 11
Views: 3834

Projects to Improve Programming Skills

<t>QuoteOriginally posted by: dweebQuoteOriginally posted by: liamReading through a paper with the theory/notation and then the code that implements the paper/model can help.That is a good idea - what I did as a quant was read through papers to find the best and fastest implementations of pricing me...
by liam
February 20th, 2016, 2:48 pm
Forum: Careers Forum
Topic: Projects to Improve Programming Skills
Replies: 11
Views: 3834

Projects to Improve Programming Skills

<t>Certainly in data science, which is what some people call "quant" these days, R and Python are popular. In finance they probably are too, as is Matlab. Certainly in my experience it is 'whatever is most convenient' and if a spreadsheet and VBA will do, then that is what you produce.Going back to ...
by liam
February 6th, 2016, 12:31 pm
Forum: Careers Forum
Topic: What's like to be a quantitative developer in a hedge fund
Replies: 4
Views: 2866

What's like to be a quantitative developer in a hedge fund

<r>QuoteOriginally posted by: mbuneaNow, my thoughts on this. From the beginning I must say that what he calls 'quant' is not at all my image of it. The part I consider quant work is #2 and he says his involvement in it was exactly 0%. Then I tend to have a very simple rule of thumb for discerning b...
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