QuoteI really do not get the fuss with being a quant here on this forum.Strangely enough, I don't either. The attraction of the job that I have is that I'm basically doing the work that I did when I was working as a Ph.D., and I'm getting paid reasonable amounts for it. However, different people have different motivations, but what is interesting is that I really get the feeling that a lot of people really don't know why they want something, which is a problem since what they want may not be what is promised.Quote I therefore find peoples fascination with Phds and multiple Masters courses bizarre as there is no need for it. 80% of any job is good experience and no Phd or MSc is going to give you this.It actually depends on the part of finance that you work in. For my area of finance, a Ph.D. in certain fields is very useful, not because of the credential (which is useless) but because it indicates that you have experience working with very complex numerical algorithms and are probably a decent programmer. Going for a physics Ph.D. is a good way of getting experience since they usually will pay you for writing numerical algorithms.QuoteI have no doubt that most of you folks are very intelligent but you are going about things incorrectly if you want to earn big money.There are a million ways of making big money. Even more ways of making decent money. I've found that it's usually a good idea not to focus too much on the money, because there are so many ways of making decent money, that you'll find something that lets you do what you want to do. Also, the trouble with focusing too much on the money, is that you end up trying to do what everyone else is doing to make money, and that usually doesn't make money.One other thing. I've found that people who want to make big money usually aren't that interested in money. They want something else, status, challenge, luxury, respect, power, fame, security or some unique combination of the above. This is important because if you want money for luxury, you will be (or should be) making different decisions than if you want money for security or power. QuoteYou have to remember that bankers are very elitist and the names mentioned simply portray an average candidate.You also have to remember that different parts in finance have very, very different cultures. One thing I like about the particular part of the woods that I ended up is that people *aren't* brand name conscious but are "elitist" in ways that I find good.