<t>QuoteOriginally posted by: cryptic26QuoteOriginally posted by: Good2cu...There is not much difference in the base salaries between risk managmement and front office. For that matter, many RM jobs are tied to the front desk. As far as bonuses are concerned, yes the traders make lot more than the r...

<t>QuoteOriginally posted by: cryptic26QuoteOriginally posted by: popviviI finally get onto the track to get myself some sort of financial background, and am ready to take the approach getting certified possibly. My question is: do I have a good chance claiming my long term goal given short term goa...

<t>Well, thanks for all your comments!My civil engr phd work was somewhat unconventional, or more math-based like commodityquant and twofish have guessed. I did stats models (not too complicated ones) to assess traffic accident risks and model travel behavior-related decision making. and that was wh...

<t>I finally get onto the track to get myself some sort of financial background, and am ready to take the approach getting certified possibly. Here is brief info of me:Academic background: PhD in civil engineering, MS in statistics, nothing in finance long term goal: become a risk/statistical analys...

<t>Obviously this is a risk management position, but it also sounds like mid office work to me. Since it doesn't heavily ask for programming skills, I wonder what background it is really asking for. If I want to eventually land a similar job, what should I be preparing myself with to qualify? any su...

<t>"senior management of IBs or public companies ever publish anything except for marketing or promotion purposes!"I read this in a WIRED article a month ago. The author argued about the demand for "transparency" in banks' reports. Meaning that banks do share, but the amount of information they shar...

<t>QuoteOriginally posted by: KackToodlesQuoteOriginally posted by: Nomadepeople in risk are generally dumber, You have hit on an interesting topic. What is the pecking orderof intelligence? 1) prop traders 2) trading desk quants 3) developers 4) trade ops 5) risk managers 6) accountants 7) IT 8) do...

<t>Thanks twofish and PlasticSaber! So this must apply to all front office, middle office, and back office quants? In this forum, I also get most quants, HHs, and even potential quants do not think BO job is that appealing. Is it because of the work being too tedious or pay being too low?? Upon seei...

<t>looking at the high competition level of Quant job market, I wonder what kind of skill set is valued most. In other words, will a quant be valued more as he/she gains more experience from the job, or a new techy hire receives higher respect because he/she possesses newly technology (say, computer...

<t>QuoteOriginally posted by: merevThanks, jfuqua. I am sure the tips on SIAM's careers site would be very helpful when interviewing for a Lead Carcass Grader position. It is them that posted the position in the first place. Also, I think I have pretty good chances being a member of SIAM for 5 years...

<t>QuoteOriginally posted by: WittIf you write down this series for a function of two variables f(t,W) as and use a rule then you obtain the differential form of the Ito formulaSimilarly for a generic process, not just W. Or something like this, I feel I've forgotten something here x should be t, ri...

<t>Thanks to all of you for replying to my message! Especially Dom, your words shed lots of light over here. I guess I really want to become a quant, not just a FQ. At least this should be the type of attitude I need right now. Wilmott is great--it gets me pumped up with energy and spirit every time...

<t>and thanks Dom for your thorough and quick response. I apologize for using the bold word "problematic", but I guess at the moment when I was typing my mind was focusing on FQ more likely getting lower bonus and even being treated as of producing lower quality models. Would a FQ be better off by s...

<t>quantwannabe2, you are right. I guess my better bet will be to go with statistical arbitrage. Different people might have different standards in justifying "good". I view myself as having a good knowledge base in statistics because I know and can apply pretty much all the items in your list (neve...

<t>A brief profile about myself:Have a Phd in Transportation Engineering (dissertation involved a lot of data analyzing work), a master in Statistics (a natural turn-out of doing statistical models for PhD dissertation), good with SAS, worked with VBA in excel (mostly for data crunching use), beginn...