Topic Author
Posts: 1
Joined: February 24th, 2019, 12:34 am

30 yrs old too late to become quant???

February 26th, 2019, 9:24 pm

Hi there guys,
First time posting. I've been working in a family business in the betting industry since i left college 7 years ago (Graduated with a 1.1 from Engineering). I've been looking into quantitative trading lately as I'm looking for a new challenge career-wise. Have i left it too long or would there be ways into the industry. I still retain a strong interest in mathematics and have lately got back into programming for the first time since leaving university. I am willing to consider all options and i am very grateful for any help offered.
Thanks in advance
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Posts: 3300
Joined: January 25th, 2010, 11:47 am

Re: 30 yrs old too late to become quant???

February 27th, 2019, 9:34 am

What's a quant? It's just a label for 1000 different jobs. More recently data scientist seems to have become synonymous. Anything is possible, just try to not focus on a bank because they'd never look at your CV.
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Posts: 60522
Joined: July 16th, 2004, 7:38 am
Location: Amsterdam

Re: 30 yrs old too late to become quant???

February 28th, 2019, 10:55 am

Maybe 'age' is not the main issue in 2019? For one thing, you will compete with freshly-minted Masters students who know a bit of maths and C++.

With all this AI and ML stuff  I suppose the more maths and Python you know the better. Things move on?

For example

Approach your problem from the right end and begin with the answers. Then one day, perhaps you will find the final question..
R. van Gulik
Posts: 1
Joined: March 11th, 2019, 9:19 pm

Re: 30 yrs old too late to become quant???

March 15th, 2019, 7:21 am

Hey @benfetch!

My situation is kind of similar to yours, from the stand of view that I´m also looking up for a career shift to a field where I can apply quantitative finance techniques. 

Perhaps our backgrounds are different, and also our current status, but these are my two cents:

1. Quantitative finance has a great variety of applications, maybe high-frequency trading is the most popular (even low-frequency too) but certainly not the only one. I recommend you, if necessary, to look for a general financial risk management videos on YouTube. Subjects as value-at-risk and banking models for Basel Accords compliance are very needed in the market (Worldwide).

2. In order to sharpen scripting skills, I have to recommend online courses. I recently learned that the most relevant language for quantitative finance is C++ (I´m not sure why), but you can easily leverage on Python/R finance low cost courses (datacamp, udemy, etc.). I read not too long ago about Julia, as a strong competitor for financial scripting (it even has a library for financial contracts)

I can just infer from the fact that you have experience in betting, that you might have a great sense for risk-related operations. Perhaps you could be interested in the fascinating world of options

Have a blessed day.

PW by JB has been "Serving the Quantitative Finance Community" since 2001. Continued...

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