September 11th, 2008, 5:31 pm
QuoteOriginally posted by: amerikanOkey, so what position gives 200 %, and what position gives 20 %? And how do economists (or people in related occupations) get bonuses? I mean, quants get it through playing their cards well (investing right, giving the company more money), but what about economists?/JohnDude, you are thinking about Portfolio Managers. Those might or might not be quants, in stat arb hedge funds these tend to be quants but there are a whole lot of other asset managers, PMs in these tend be to traders, economists, whatever, depending on a type of strategies. Quants on the sell side to do what we talked about before, creating customized products for clients, pricing, hedging them etc. on the buy side they tend to work on portf optimization, transaction cost analysis, if it's a stat arb fund then research, but most of the quants i know are not in front office, they are middle office risk management, model vetting, etc. not very sexy;lots of quants are joining back and mid office with hopes of trading at some point, but as far as i know, there are not that many quants who are head traders or portf managers.traders and pms get 200%, developers and junior analysts get 20%. hope this helps