SERVING THE QUANTITATIVE FINANCE COMMUNITY

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by Hinstings
October 6th, 2008, 1:13 pm
Forum: Careers Forum
Topic: Lay off record vs. severance package
Replies: 8
Views: 49686

Lay off record vs. severance package

Thanks for the input. Yes, I have another job to go to.
by Hinstings
October 6th, 2008, 12:27 pm
Forum: Careers Forum
Topic: Lay off record vs. severance package
Replies: 8
Views: 49686

Lay off record vs. severance package

<t>My employer is laying off more employees. In the meanwhile, I decide to leave anyway. My question is -- should I ask my manager to lay me off or should I resign? If I ask my manager to lay me off, I can get $25,000 severance package. But HR record will show that I am laid off. I don't know whethe...
by Hinstings
August 26th, 2008, 4:05 pm
Forum: Careers Forum
Topic: Developer of Goldman vs Quant in a mortgage insurance company
Replies: 6
Views: 52073

Developer of Goldman vs Quant in a mortgage insurance company

<t>What is the answer if it is a bulge bracket IB front desk quant developer (in C++, Perl, etc) vs. a mortgage insurance firm quant modeler (in statistics, SAS, etc)? I declined the offer from Goldman Sachs, but am still struggling between these two positions.My analysis is that working as a front ...
by Hinstings
August 6th, 2008, 2:46 pm
Forum: Careers Forum
Topic: What's a Business Analyst ?
Replies: 26
Views: 57436

What's a Business Analyst ?

<t>The business analyst (BA) in our compay, a bulge bracket IB, is responsible for talking with the traders, understanding their needs, materialzing this in the form of requirement documentation, passing it to the IT team, and then responding back to the traders. Or retrieving data from the external...
by Hinstings
August 5th, 2008, 5:19 pm
Forum: Careers Forum
Topic: Is SAS useful in Quant finance?
Replies: 24
Views: 110781

Is SAS useful in Quant finance?

<t>QuoteOriginally posted by: ZmeiGorynychI'd say learn matlab instead, or maybe R. The relative advantages of these two were discussed a lot in different threads in the software forums.SAS, SPSS, Stata, Eviews etc. may be good for statistics, but IMHO suck for everything else. Matlab (my personal p...
by Hinstings
August 5th, 2008, 4:37 pm
Forum: Careers Forum
Topic: Is SAS useful in Quant finance?
Replies: 24
Views: 110781

Is SAS useful in Quant finance?

<t>QuoteOriginally posted by: movielovesell-side uses c++ and buy-side uses software. that's interesting if it's true.anyone knows the cause? i guess it is because sell-side does pricing a lot and so c++ is more powerfuland buy-side is mainly focused on data-analysis.I think you confused two things ...
by Hinstings
August 5th, 2008, 2:49 pm
Forum: Careers Forum
Topic: Developer of Goldman vs Quant in a mortgage insurance company
Replies: 6
Views: 52073

Developer of Goldman vs Quant in a mortgage insurance company

<t>Which is the wise choice? I'm a Ph.D in Computer Science from a top-tier institute, and working as a Quant Developer in mortgage area in a bulge bracket investment bank in NYC. My long term goal would be doing some quantitative front desk role.Now I have two offers at hand. 1 -- Equity derivative...
by Hinstings
March 27th, 2008, 1:05 pm
Forum: Careers Forum
Topic: what is a "strategist"?
Replies: 1
Views: 56890

what is a "strategist"?

<t>Some banks call desk quant as desk strategist, e.g., Goldman Sachs. This way, there is no difference. If each word points to its theoretical meaning, strategiest works on trading strategies, e.g., when to buy, hedging strategy. Analyst is too general. It can be a modeler on interest rate term str...
by Hinstings
March 27th, 2008, 1:00 pm
Forum: Careers Forum
Topic: Quant Dev role at Goldman IT
Replies: 25
Views: 60189

Quant Dev role at Goldman IT

<t>More information is needed before I can answer this question. Which area in specific, equity, mortgage, credit? By "quantitative", how quantitative it is? How intensely will you interact with the front desk, since you said it is a IT group?QuoteOriginally posted by: BlackSwan2I was offered this r...
by Hinstings
March 25th, 2008, 1:34 pm
Forum: Careers Forum
Topic: The job market is dead, completely...
Replies: 22
Views: 62390

The job market is dead, completely...

And there will be more and more people getting fired and desparately looking for his next job on the Street, e.g., people from Bear Stearns... So what you can do if, unfortunately, you get laid off?
by Hinstings
March 14th, 2008, 8:19 pm
Forum: Careers Forum
Topic: How much of a raise should I ask for? A trick question?
Replies: 29
Views: 71729

How much of a raise should I ask for? A trick question?

<t>First of all, it is good for you to begin to look for your next job. Always keep yourself open to opportunities. Under normal situation, I would suggest you to move to your next job if you can get a decent offer, and do not use your offer to negotiate a better pay in your current company. Anyway,...
by Hinstings
March 14th, 2008, 7:03 pm
Forum: Careers Forum
Topic: How much of a raise should I ask for? A trick question?
Replies: 29
Views: 71729

How much of a raise should I ask for? A trick question?

<t>I got surprised to know that you only get $200K. It seems to me that at least $250K or $300K is more reasonable for all these: (1) working on the front desk; (2) with 3+ years working experience; (3) Ph.D in engineering; (4) Master in finance; (5) very overloaded and assume quite a lot responsibi...
by Hinstings
March 14th, 2008, 6:47 pm
Forum: Careers Forum
Topic: Is it too late to study MFE?
Replies: 24
Views: 61844

Is it too late to study MFE?

<t>QuoteOriginally posted by: tsqqqWhat if I need to pick up C++? Forgot most of it... How long does it take to have meaningful computing skills?You'd better pick up C++. Even though the C++ may not be needed in the position you are looking for or working with, people will still use C++ to test your...
by Hinstings
March 14th, 2008, 1:35 pm
Forum: Careers Forum
Topic: QD vs Quant
Replies: 5
Views: 58875

QD vs Quant

<t>QuoteOriginally posted by: BlackSwan2The Quant I know all do a lot of codings. But it seems they have freedom to do whatever they want, like what language etc. QD ususally follow more software development methodology.This is correct. QDs usually develop in C++ and check-in code in ClearCase or us...
by Hinstings
March 14th, 2008, 1:25 pm
Forum: Careers Forum
Topic: Ranking the bank : Share your view own view
Replies: 17
Views: 60515

Ranking the bank : Share your view own view

<t>QuoteOriginally posted by: StephenLiQuoteOriginally posted by: HinstingsThere is a list compiled by VAULT every year. From their 2008 ranking of the most prestigious banks, excluding hedge funds and commercial banks, here is a list that I think makes a lot of sense. Of course, it also depends on ...
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