<t>Try to get a job in a decent bank. As an analyst in the training program you are rotated in many desks (including prop), so that is good to help you figure out where you want to be. Who knows, you may prefer flow trading of hybrids and exotics rather than prop.My view of the MFE is that at this s...

<t>With SABR, you calibrate (sigma, alpha, beta, rho) using market quoted vols (whatever you have). Once you calibrate to those vols and fit the smile, than you have to believe each price/vol from the model is right, including implied vols that are not explicitly quoted.In some cases, you might have...

<t>QuoteOriginally posted by: HeimdalHi,The same for me guys... It seems to be pretty tough to find this kind of thing. Tons of papers deal with that on a VERY theoretical basis, but none (I know of anyway) is really helpful in implementing it...You have to specify how you want to price it. The simp...

<t>QuoteFirst of all its not clear at all that UIC is lower ranked than Stanford, Princeton, NYU. .To me that's pretty clear. Quote Third, if you've flown first class all your life, it's a good experience to fly coach from time to time No, it isn't I am sure there are places where brand name matters...

<t>For 1500GBP you will have a hard time finding a decent 1br in the nice areas of Zone 1. It is possible though, and I suggest you search by yourself rather than through an agent (eg: use craigslist London). The market is very efficient, so if you find a cheaper place it is likely that the commute ...

<t>QuoteOriginally posted by: mjQuoteOriginally posted by: twofishQuoteOriginally posted by: meteorIn my view (as other people have mentioned) brand name does matter. So "brand name" matters in the sense that you are more likely to end up with campus recruiting going to your school, but it doesn't m...

<t>Check the vols and rates they're using to price. In absence of smile, for simple options you should be able to validate their result using plain BS. You can always throw some model on it like HJM, calibrate and price via monte carlo. but sounds like too much for risk mgm. if you have a strip of (...

It's not a martingale, even though X clearly is a local martingale.

<t>This one is easy: you should stick to the bay area. As a CE graduate and on an purely IT role, it will be *very* hard to move, even if you're on the trading floor. Why they'd prefer you over the newly minted finance PhD with a solid publication record? or someone more quantitative? Besides, semic...

<t>I think the hole is when you multiply both sides by . Recall that is short hand for The trick here is to multiply an exponential term to kill the dB_t term and then convert the SDE into an ODE. The right multiplying term is the exponential martingale I can provide the details if needed. </t>

<t>QuoteOriginally posted by: DCFCNot at all.My point was that this shallow and lzy article did not cover the material well.An MFE is not cheapn and given the lost earnings as well can be very expensive.Not everyone is cut out for this work, and some people are just unlucky.Also, and most dishonestl...

If you found it diffucult that is a good thing. The level of difficulty increases as you keep getting right. If you've got some elementary questions toward the end then you should be worried.

1. Transistor1. Shannon's Information Theory

<t>QuoteOriginally posted by: CuchulainnQuoteI just took the Teckcheck C++ test, and I must say that I found it pretty hard. There were lots of questions on type casting, arcane STL syntax, templates, and low-level I/O. I'm not sure I'll get a minimum score to get an interview.I did an online C++ ex...

<t>I have a good deal of experience with C/MATLAB and I self-taught C++ in the last year or so. In addition to introductory books, I read S. Meyer's series, implemented some pricing models and read sections of Stroustrup's std text. I also read parts of M. Joshi C++ book. I just took the Teckcheck C...