SERVING THE QUANTITATIVE FINANCE COMMUNITY

Search found 82 matches

by phil451
January 28th, 2009, 8:12 am
Forum: Careers Forum
Topic: Career Decisions
Replies: 12
Views: 44595

Career Decisions

<t>With the greatest respect KackToodles you have to look at the long term. The business of banking has been around for a lot longer than you have or anyone else on this site including me.One of my favourite Shakespearean quotes is from Hamlet:"Believe them not, for they are but brokers"There is not...
by phil451
January 27th, 2009, 12:36 pm
Forum: Careers Forum
Topic: Career Decisions
Replies: 12
Views: 44595

Career Decisions

<t>I'll just add my two pennies worth as i'm probably one of the ..... er... older members who posts on this site.You will only really get an opportunity to do a Phd when you're young and don't have financial responsibilities to others rather than yourself. If you're worried about missing the boat w...
by phil451
December 19th, 2008, 9:48 am
Forum: Careers Forum
Topic: What are the skill-sets and exit opportunities for a equity option trader?
Replies: 9
Views: 47457

What are the skill-sets and exit opportunities for a equity option trader?

<t>More seriously, it depends what your long term aspirations are. If you intend to remain within the Investment Banking arena then there are a number of opportunities.Risk Management as DC mentions. There are also a number of consultancy opportunities from working at a business consultancy to a sof...
by phil451
December 18th, 2008, 9:00 am
Forum: Careers Forum
Topic: What are the skill-sets and exit opportunities for a equity option trader?
Replies: 9
Views: 47457

What are the skill-sets and exit opportunities for a equity option trader?

Remember the following maxim"Nothing prepares you for tradingAnd trading prepares you for nothing"True now as it was when i first heard it 10 years ago.Not much help i know. But all the traders i know who have left the business have had to retrain.... virtually from scratch.
by phil451
December 11th, 2008, 1:33 pm
Forum: Careers Forum
Topic: MFE moving to a traditional finance role???
Replies: 19
Views: 48836

MFE moving to a traditional finance role???

<t>You can do anything with anything if you put your mind to it!!However, MFEs concentrate in these areas:Mathematical Methods used for pricing - Analytic vs. numericFinancial Econometrics - Learning all about the Linear Regression model and best estimatorsPricing of derivativesRisk Managementwherea...
by phil451
December 10th, 2008, 10:32 am
Forum: Careers Forum
Topic: MFE a curse to the career?
Replies: 22
Views: 50083

MFE a curse to the career?

<t>EVERYONE IS OVER REACTING!!!!!!If banking and the business of finance does not return then there will not be any work anywhere for anyone. Business cannot function without being able to borrow money.Ergo - Institutions are created that provide that fundingErgo - Those institutions will need to ma...
by phil451
December 10th, 2008, 10:22 am
Forum: Student Forum
Topic: Mistake to do masters in finmath?
Replies: 7
Views: 45694

Mistake to do masters in finmath?

<t>This subject is being debated endlessly in the careers forum. The simple answer to your questions is no one really knows what is going to happen over the next couple of years.However, consider this:Financial Crashes have occured since the creation of money. Read "Great Popular Delusions and the M...
by phil451
December 10th, 2008, 9:55 am
Forum: Careers Forum
Topic: MFE a curse to the career?
Replies: 22
Views: 50083

MFE a curse to the career?

<t>Econometrics is being increasingly used in advertising and marketing as a tool to try and predict future consumer trends. So, if your MFE has a decent Econometrics content then it should be possible to gain leverage in retail. Although, of course that's a business that is also tending rapidly to ...
by phil451
December 9th, 2008, 8:35 am
Forum: Careers Forum
Topic: MFE a curse to the career?
Replies: 22
Views: 50083

MFE a curse to the career?

<t>A qualification is never the curse of any career. Talk to people without degrees or any form of formal qualification and find out what they are doing for a living.We are going through a tough time at the moment. We have been here before and we will be here again.If you are generally interested in...
by phil451
December 3rd, 2008, 1:02 pm
Forum: Careers Forum
Topic: Don't do MFE/MSc Math fin
Replies: 100
Views: 63793

Don't do MFE/MSc Math fin

<t>My Chiropractor is the only person who has managed to fix my back after i came off a mountain bike and popped a rib as i tumbled down the side of the mountainIf my MFE proves to be half as effective as my chiropractor i will be one very happy man.QuoteOriginally posted by: whamMFE programs are cr...
by phil451
December 2nd, 2008, 9:37 pm
Forum: Careers Forum
Topic: Distance PhD
Replies: 33
Views: 47891

Distance PhD

<r>All of the OU courses are of an extremely high standard with the University frequently rating within the top seven of UK Universities for quality of teaching material and usually gaining number 1 spot in terms of student satisfaction. I did my Mathematics degree with the OU and the teaching mater...
by phil451
December 1st, 2008, 9:05 pm
Forum: Careers Forum
Topic: Don't do MFE/MSc Math fin
Replies: 100
Views: 63793

Don't do MFE/MSc Math fin

<t>I know it's difficult especially with all the dire news around but you have to try and get things into perspective.You either believe all the bad news and expectation of bad news and take the view that within the next two years Western civilization would have collapsed totally and we will be redu...
by phil451
November 26th, 2008, 8:38 am
Forum: Student Forum
Topic: implied correlation
Replies: 9
Views: 51363

implied correlation

<t>Implied Correlation is derived from the price of a CDO. There are a couple of methodologies for doing this. Check the internet.If you are familiar with options Implied Correlation is analogous to implied volatility, so you get an Implied Correlation skew similar in nature to the implied volatilit...
by phil451
November 26th, 2008, 8:21 am
Forum: Careers Forum
Topic: what will the letgos do?
Replies: 14
Views: 48002

what will the letgos do?

<t>In the 25 odd years i've worked in the city i have seen a number of crashes which have resulted in large scale redundancies. Below is a list of occupations that i have seen former colleagues move into after leaving the city. There is plenty to choose from and everyone is true!Teaching Civil Airli...
by phil451
November 21st, 2008, 12:58 pm
Forum: Careers Forum
Topic: Gone are the days for Quant?
Replies: 37
Views: 52022

Gone are the days for Quant?

<t>Everybody is in the mood at the moment for seeing bad news in everything. Back in July Oil got to USD147. There were articles in 'The Economist' on peak oil and Goldman Sachs (whatever happened to them!) were predicting that oil would reach USD250 per barrel. Last night the BBC 10 o'clock news op...
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