<t>Kack, why don't you quit attacking MFEs in general and Berkeley in particular? Shouldn't a proud Stanford graduate like yourself have better things to do other than littering in a public forum with 1000 posts?BTW, Berkeley MFE professors are from UC B-schools. They also teach PhDs and in many cas...

<t>not necessarily. banks have limited risk appetite. Let's say the bank is 100% sure interest rates will go lower, it still cannot take, say, over $5m in DV01. But it would be good to pitch the idea to clients and get some bid/offer spreads.Good salespeople are very important. They bring in client ...

You don't need a PhD to become trader. MBA or Finance Master is enough. Of course you also need to be smart and "trader type".

For GS, quants are called "strategists". Most of them are in either FICC or Equities. Remember, quants never form a seperate business line!

"delta one" means equity and equity futures products. these products have "delta" equal to "1".

I am an M.S. with no trading experience and I got an associate trading position. It can be done. You just need to be good and survive 20 interviews.

I made the IT to trader switch through a CQF like program. Go for it!

<t>Actually, in many cases they don't care about the "best solution". Just whatever it takes to make money or generate sales. Everything is revenue driven. My impression is that most groups at GS have no interest in researchers, unless they can somehow help generating revenue.GS doesn't use C++. It ...

<t>The person that creates the model should be the one to write the code. This is the most efficient way of doing things. In many cases, you only become aware of problems/improvements etc when you actually write the code.At Goldman Sachs, most "quants" are also "programmers". Basically everyone in b...

Can someone comment on the career path, work place culture, hours, pay, etc?Thanks a lot!