<t>QuoteOriginally posted by: twofishQuoteOriginally posted by: quantus1) By implying that I will not teach students well and not do research for university, you are claiming that I will not do the job that I promised. I never said that and this is just your own conclusion.If this isn't a contract p...

<t>QuoteOriginally posted by: traderjoe1976Well, if you have PhD from any Top 50 Business school, you already have secure job for life in academics. I guess your main motivation for going to Wall Street is for the money. But it takes 10 years experience before you get the big bucks.With your current...

<t>QuoteOriginally posted by: twofishWhat field? If science and math, then you aren't going to get an assistant professorship for one year with just a Ph.D. In B-schools, it is the way it works.QuoteThe other problem is that if it is obvious to the search committee that you will be leaving in a year...

<t>QuoteOriginally posted by: capafan2If you are from India or China get your greencard from Academia under the Eb1 category. Unless you can apply for GC in the Eb1 category from the industry. Unless some major immigration reform passes Indian and Chinese could take upto 10 years to get a GC under t...

<t>Hi everyone,I am very interested in career as a quant and I have the necessary background (Ph.D-to-be, top-tier US university, C++, math background, probability theory, stochastic calculus, some finance knowledge, quant internship on Wall Street).I will graduate soon, however, my status will be v...

<t>QuoteOriginally posted by: farmerAs a recent physics graduate, I was hoping I could find a rogue state who is in the early stages of a uranium enrichment or other nuke program. I was wondering is it inappropriate to approach nations myself who have no weapons program with some sort of proposal? O...

<t>QuoteOriginally posted by: FalsePositiveOr maybe we can transform the random numbers to Gaussian before correlating them, but I don't know how to transform the points back to uniform while keeping their correlation.Yeah, this is was the whole point of second solution.Sum of normals is normal (unl...

<t>QuoteOriginally posted by: wileyswone thing seems a little odd to me is that, for two random variables x and z, by only specifying the p.d.f. of each random variable and the correlation, i believe the joint p.d.f. of these two variables cannot be unique, since one could add terms like (x-1/2)*(z-...

<t>QuoteOriginally posted by: FalsePositive Try it for example for correlation matrix (1, 0.45; 045, 1), the L matrix is (1, 0; 0.45, 0.893) and L^-1 is (1, 0; -0.504, 1.120), from which you can show that X=0 and Y=0.192 project onto x=0, y=0. Don't understand why you think y=0 can only be obtained ...

<t>QuoteOriginally posted by: FalsePositiveAt least for the first four moments I can easily show that mean, variance, skewness and kurtosis of x, y are the same as those of X and Y. To show this, consider the fact that x-1/2=L_11 (X-1/2), y-1/2=L_21 (X-1/2)+L_22 (Y-1/2) and use L_11^2=1, L_21^2+L_22...

<t>QuoteOriginally posted by: FalsePositiveNo one has mentioned the Cholesky decomposition method which I believe is the standard way of correlating random variables. Assuming X and Y are independent and identically distributed in the interval [0,1], we can construct a column matrix (X, Y)^T whose c...

<t>QuoteOriginally posted by: HyperGeometricThere will be people in next few years who will do well in the areas they work in, regardless of how hot those areas are. Your question shows that you haven't worked in the industry before so try to focus on an area that you find most interesting.Well, I h...

<t>QuoteOriginally posted by: deepvaluewhat do you know OUTSIDE of options?I guess you mean "what other finance areas do you know outside options?"My knowledge of finance is common sense + 4 classes in Master in Finance program + Hull's book + some of Cochrane + monitoring markets for >1 year.Curren...

<t>QuoteOriginally posted by: JackShengHow strong are you in the area of probability and statistics?Reasonably strong.Worked for my research with different econometric models like generalized least squares, probits/logits, GMM, also did some time-series via ARxxx models.Familiar with Bayesian approa...