They are clearly both located in very expensive and (if you like that sort of thing) very nice areas. Both pay well, although I really don’t have much of an idea of which pays more. The cultures are probably very different, and important. You just have to research that. Bill Gross has been gone lon...

Speaking of Little Corona beach, it's the only one where I've seen dolphins in the surf line. So, I gave the Bing image creator the task of recreating that and it did a damn fine job. This is looking north, toward Big Corona beach, while the other shot I posted was looking south: LittleCoronaWithDo...

I would like to hear from those familiar with asset management roles: if given the opportunity to have the same position in Fixed Income space at Pimco(CA) or Goldman Sachs Asset Management(NYC), which one would have better potential? I am thinking the pay is about the same, so I am interested in ot...

You keep on using the phrase “my recruiter”. I don’t think that is a helpful perspective. Also, while “the company” may not care, I can assure you that somewhere within that company there are people who are paid to care about headhunter bills. Quite possibly including the hiring manager, whose budg...

If it’s a small shop, they may prefer that you approach them directly, because then they won’t pay the recruiter fee. At bigger companies recruiters may be more effective for the reasons you mentioned (but even better to get a referral from someone on the inside). I prefer candidates approaching me...

Well, in my experience (but as the saying used to go,  YMMV) you don’t have a recruiter, the hiring manger does. He, she, or they is/are paying the bill and have a very good claim to obtain value for their money. If you encounter a recruiter who expects you to pay the bill, the advice is “run!”. So...

Trying to understand employer perspective here. I consider recruiters just like listing agent for my house. Yes, I can sell a house without one but they do the staging, advertising, showing etc. I pay for service and I think for many companies those expenses are nothing. This is what employers do, t...

I find a lot of companies big and small publish their job listings online either on their own website or linked in etc. My recruiter told me not to apply and would rather refer me to the employer. I understand the recruiter gets a cut if the person get hired but do I have a better chance of getting ...

I am new to the topic but I would like to read papers/books/anything interesting to learn more how ML and data science is used in buy side Fixed income Asset management firms. Factor investing/signals/etc? I have no idea how it can be used but I would love to know more! I would be interested in actu...

Thanks, that makes sense. What I also wonder, there are lots of flavors of quants in the banks, some of them in Model Val, some of them strats, some of the Market Risk, etc, etc. Do they at least have the same base given the same title? I understand the bonus can be variable but how about the base?

Thanks, if I put salary apart then, I am curious if there is still a reason to work for Goldman vs going to a smaller firm. I have observed someone left a big bank and went to work for a smaller firm at mid career. I would think at that point the person was offered more money but is there still a re...

I am curious how income varies when the person has a title for example "MD" at Goldman or the same title "MD" at a small hedge fund. I have witnessed people who I think got to MD a lot faster and easier at smaller hedge funds and yet someone is still working very hard to get the ...

I am considering a career switch and I really would like to understand what roles offer what salary. I can understand "follow your passion" is the best but I simply have a passion for money at the moment. In particular, I am considering going into more data science related role next. Some ...

ok, so what you are saying the function is smooth, meaning I have all kinds of partial derivatives, however, it is magnitude is very large(think 1/x as s approaches 0). And numerically it is hard to capture this type of functions?

 For the barrier option we often have 0 on the boundary and likely some positive payoff on the right of the boundary. So the data is not compatible. Why is this a problem? the solution for any t<T is infinitely smooth as it can be shown mathematically deriving the exact solution, so why do I care ab...