His background is almost entirely IT. Wonder what it takes to get a job like this.

<t>What makes some MFE program attractive is that they work hard to get you a internship. That is the most valuable thing in my view. It makes all money worth because of this. Actually if these IB are really smart, they should have similar programs. I am sure there are people who are willing to pay ...

<t>I do think this is a valid question. The reason is that IT does not pay that horrible either. Assuming people are willing to work equally hard, it is definitely possible to make over 200k/year in IT. So there need be a large enough pay off to take the risk of going back to school. I think 350 K i...

<t>QuoteOriginally posted by: mbfinalbluesYes that is the type of student that some of our posters are claiming heading to the US: Top students go to US and idiots (rich Asian kids) go to the UK. hard to believe that. In harsh way, I will say it is partly true. U.S. schools are heavily advertised in...

<t>I am not saying Quant is useless. But that is the beauty of this thing. It is obvious that you just follow what CFAI is telling you that you will not make a dime, so is Black Scholes . So is every thing everybody knows. What you need to do figure out what others do not know, do not want to know, ...

<t>I will take level 2 this June and have read all the level 2 materials so far. I do have a lot of interest in stock market. So CFA program gives me formal training on the equity analysis. As any knowledge, one needs to find creative ways of using it. It is too bad someone think it is waste of time...

I do think you can test creativity to a certain degree as well. It really depends on how you design your test. How about all these math and programming contests? You can not do well on them by just memorizing formulas.

I strongly support this idea. I have always thought that why there is not Quant professional exam like CFA.

<t>QuoteOriginally posted by: PaulI don't think there has to be a catalyst for vol to drop, people have short attention spans and very poor memories! So normally it would fizzle out. (The typical no-reason vol spike only has a half life of about a week.) But I agree that there is still too much out ...

Extreme high volatility can not last, market tends to calm down after extreme fear. This usually presents profit opportunity.

I am making money. If you give me a job, I will let you know how to make money in this market. Generally, agree with that one got to take advantage of volatility. But how would you do it?

The founder of the company I worked for starts at 59. It is never too late. If you do not believe you have what it takes, your chance of success is zero.

<t>I always wonder if it is worthwhile to join these programs. I looked at a few courses. There is nothing I can not learn on myself. On top of that, I have to waste half a year to prepare GRE and other application materials. It should be possible to master stochastic calculus in half a year? And op...

<t>I am also wondering what it is like to trade like a pro. Is it much different from trading with my own money, just with better tools? I have tried day trading with my own money. What I learned from that is what does not work in the long term. It is a valuable experience for me. I developed my own...

<t>I believe most traders/Sales people are survivors who has true talent to do their job well. Trading and sales are like sports. Some people will totally dominate all the other players. So these dominating individual will make all the money which is out there. But what you did not see if that 99.99...