SERVING THE QUANTITATIVE FINANCE COMMUNITY

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Posts: 121
Joined: May 7th, 2009, 3:34 pm

### life after quant

QuoteOriginally posted by: Alekkso that's basically the same question: what can you do after a quant job ? You will maybe tell me that at the age of 50, after a career in the quantitative finance, you don't really need another job (at least financially speaking ?)I don't think this is true, assuming you have a family in the NY-NJ area. You could barely finish paying off mortgage, and your kids would be starting college: it could be a rather traumatic time for such a scenario.If you do not marry (have no kids) and live very frugally, maybe you can save maybe a million or a couple (if you are lucky) in 20 years, and then retire in some less expensive place/country.
Last edited by EEGrad on January 28th, 2010, 11:00 pm, edited 1 time in total.

quantmeh
Posts: 5974
Joined: April 6th, 2007, 1:39 pm

### life after quant

QuoteOriginally posted by: EEGrad then retire in some less expensive place/country.Haiti?

Posts: 121
Joined: May 7th, 2009, 3:34 pm

### life after quant

QuoteOriginally posted by: jawabeanQuoteOriginally posted by: EEGrad then retire in some less expensive place/country.Haiti?If you are a bachelor than maybe Thailand is a better choice You can also maybe get an appointment as a professor in the local university, it will pay peanuts but there will be something to do in the day at least.

DevonFangs
Posts: 3004
Joined: November 9th, 2009, 1:49 pm

### life after quant

given my mood today, it's appropriate to resurrect this threadhas anyone switched to the box-jellyfish-in-a-bathtub solution in the meantime? although presumably they wouldn't hang around here if they had

miquant
Posts: 36
Joined: March 16th, 2007, 8:07 pm

### life after quant

Well, interesting question, I personaly have been quant for almost 10 years, i am a phD, and I have nothing neer 1M ahahha, very far from that... so one advice, go into Quant only if you really think you will enjoy it more than academic stuff, you will not necesarily make more money than in other fields, especialy because working as a quant means living in an expensive city...

secret2
Posts: 304
Joined: July 28th, 2010, 10:29 pm

### life after quant

Still, living in an expensive city modestly can be very different financially from living expensively.

dweeb
Posts: 142
Joined: July 11th, 2009, 8:10 pm

### life after quant

Last edited by dweeb on July 4th, 2015, 10:00 pm, edited 1 time in total.

dweeb
Posts: 142
Joined: July 11th, 2009, 8:10 pm

### life after quant

QuoteOriginally posted by: traderjoe1976Quite a few Finance PhDs got laid off last year. Most of them went to teach in the universities. They get university salaries approx $150K. Some of them tried to interview again on Wall Street but were getting offers of around$100K which is less than one sixth of what they were earning previously. Probably similar thing occured with the Physics, Math, and Engineering PhDs. So the Wall Street academic finance domain has shifted to stats/machine learning/comp linguistics etc??
Last edited by dweeb on July 4th, 2015, 10:00 pm, edited 1 time in total.

Cuchulainn
Posts: 60471
Joined: July 16th, 2004, 7:38 am
Location: Amsterdam
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### life after quant

QuoteOriginally posted by: dweebQuoteOriginally posted by: traderjoe1976Quite a few Finance PhDs got laid off last year. Most of them went to teach in the universities. They get university salaries approx $150K. Some of them tried to interview again on Wall Street but were getting offers of around$100K which is less than one sixth of what they were earning previously. Probably similar thing occured with the Physics, Math, and Engineering PhDs. So the Wall Street academic finance domain has shifted to stats/machine learning/comp linguistics etc??100K won't go very far in NYC...
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Approach your problem from the right end and begin with the answers. Then one day, perhaps you will find the final question..
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ArthurDent
Posts: 1166
Joined: July 2nd, 2005, 4:38 pm

### life after quant

TJ's post about 100k salaries was from 2010...

Cuchulainn
Posts: 60471
Joined: July 16th, 2004, 7:38 am
Location: Amsterdam
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### life after quant

QuoteOriginally posted by: ArthurDentTJ's post about 100k salaries was from 2010...Ah, thanks. I know someone who lives in NYC (not a high-flying quant). She said she needed 6K per month net just to survive.
Last edited by Cuchulainn on July 4th, 2015, 10:00 pm, edited 1 time in total.
http://www.datasimfinancial.com
http://www.datasim.nl

Approach your problem from the right end and begin with the answers. Then one day, perhaps you will find the final question..
R. van Gulik