May 2nd, 2005, 9:17 pm
I respectfully beg to differ about bank valuation not being quant work. Many retail bank products have embedded options that are frequently not exercised in an economically rational fashion. As a result, one has to "behavioralize" their models and attempt to predict consumer behavior, so it turns out to be more difficult than valuing most interbank products. That banking results are often buried in useless accrual accounting is an artifact which won't last much longer, so it should be a pretty good time to think about this possible career path.