<t>QuoteOriginally posted by: MatthewMQuoteyes but not part of the bank - the assets managed by GSAM are client assets. the risk taking by Goldies the bank is supported by shareholder capital and borrowing.I have no idea what you're saying here. Yes, IMD manages client assets. They are a division of...

<t>QuoteOriginally posted by: KackToodlesQuoteOriginally posted by: surya2cents Im still trying to find out what it is that quants really do. here's what they really really do, OK? Listen carefully. Quants are the decorative furniture at the bank. The managers point to the number of quants the bank ...

If the structurer job was in NYC/London I would take it over quant in a heart beat. Since it's in HK, it makes the decision difficult... I would probably still take structurer job just to avoid UBS though...

<t>QuoteOriginally posted by: plusPeople go into a Phd because they are not ready to face the world. After a couple of years they are mostly sick and cant wait to finish and that is why you see so many fantasising about quant finance.Completely agree with the quote above. I would've never gotten PhD...

<t>QuoteOriginally posted by: chaoticramblerQuoteOriginally posted by: drews26QuoteOriginally posted by: chaoticramblerQuoteOriginally posted by: drews26I cannot think of and have never seen any finance job which couldn't be done by a smart undegrad (in terms of level of math, finance or IT skills r...

<t>QuoteOriginally posted by: chaoticramblerQuoteOriginally posted by: drews26I cannot think of and have never seen any finance job which couldn't be done by a smart undegrad (in terms of level of math, finance or IT skills required). Especially now when people don't care that much about structured/...

I cannot think of and have never seen any finance job which couldn't be done by a smart undegrad (in terms of level of math, finance or IT skills required). Especially now when people don't care that much about structured/exotic products and banks make most of the money in flow business

<t>QuoteOriginally posted by: cryptic26Be careful there because I know you work for CS on structured credit. It is possible that your line of work is different. (Don't ask me how). And if I have to venture a guess about the role, then I doubt if you have to even write any simple scripts to run regre...

<t>QuoteOriginally posted by: cryptic26QuoteOriginally posted by: drews26QuoteOriginally posted by: cryptic26QuoteThe only doors PhD opens is model validation and quant dead end jobs. The best approach is to get an S&T or other front office analyst role right after BSc. If one can't get those on...

<t>QuoteOriginally posted by: cryptic26QuoteOriginally posted by: drews26PhD is a waste of the best years of your life. While you are still in the program apply for a summer internship in major banks (now is about the time) and in parallel start looking for a job. HHs will probably have only BS HF r...

<t>PhD is a waste of the best years of your life. While you are still in the program apply for a summer internship in major banks (now is about the time) and in parallel start looking for a job. HHs will probably have only BS HF research positions for you, but you should know the outcome of your int...

<t>QuoteOriginally posted by: timemaster007You were right Dominic. The HH has finally confessed that they're seeing someone else. I think this will probably carry on until they've found the 'best' candidate. I don't mind being second best, but the whole process of raising one's expectations for no r...

<t>I don't know where Poly comes into play. If you go to NYU lectures at Courant there's a maximum of 60 students there, some of the classes have like 15-20 students. Also comparing NYU or Columbia to Baruch is laughable. What matters most is what kind of jobs students get after graduation. Lookls l...

<t>QuoteOriginally posted by: KackToodlesQuoteOriginally posted by: traderjoe1976NYU-Poly graduates 350 MFEs per year whereas institutions like Stanford have only admitted 13 MFE students for the current batch. 350 MFEs?! My god, how many of these can find jobs on wall street?! NYU graduates about 3...

<t>QuoteOriginally posted by: riskguruIt seems to me that part of the problem is that you are doing risk at a large bank where responsibilities are very partitioned/siloed, making it hard to plan for career growth. If you think you know risk/quant/trading go try to work for a hedge fund. Most will n...