QuoteOriginally posted by: mizhaelQuoteOriginally posted by: QFsurvivalQuoteOriginally posted by: mizhaelThe profession of quant thrived on exotic products. But with the government and people loathe the infamous exotic products to the extent of loathing toxic, will the profession of Quant die?Will there be a massive cut of quant jobs and exotic stuff?People always say it's up and down and it will all come back again - but will it happen that people hate exotics so much that they write their loathe into regulation or law?Yes you are partly right but not all. Some of the complex derivitavies will die, such as CDO square, synthetic CDOs why?They are too complex to understand for ordinary investors and heavily relied on mathematical model. Model is just a tool to help you to do the analysis but cannot be the only source to make profit. Look around in the industry, most of quant guys owned one or two phd degree in science, they are extremely quantitative, they can even make a bloody greatly complex model to send the spaceship to the moon. But what we missed out? Yes, a basic sense of the financial market and macro economy. Model can not transformed to liquidity. But can market lives without derivative? No, derivative is one of the most important part to form a efficient market. I think you should learn it in your lectures. It is just something have to be in the market just like why you see fast-food on the street, 'coz you have to eat food. So, derivatives are just like other things, bad one rule out, good one stay one, and new one rule in year to year. But will never die. As long as derivative is alive, quant is alive.But those derivatives will be under strict over-regulation and they will be very standardized and exchange traded, quants are not needed for these products. I mean hardcore quants, or quants with skills for exotics...By mean of the "quant", I think you are talking about pure quant, people who only know mathematical model and coding in more than 10 different languages. Yes, unfortunately they are going to die out. There will be re-definition of the quant role. As I have said bad one will rule out. Dont you think in past years, derivatives have been developing way "exotic".