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quantmeh
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Advice to start as a quant in late 30s

April 24th, 2009, 11:13 am

QuoteOriginally posted by: thexyzMy rational behind taking Maths degree is to have a good foundation in Maths which is fundamental to a quant/similar jobs in IB and its not a bad a degree to have. 4 more years in BS Math? at least 4. i doubt you can transfer a lot of credits from your Comp Sci transcript. if you have family it's going to be frustrating. math is a tough subject. there are some parts of math, which are effectively incomprehensible for 99% of population no matter how hard they try.
 
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thexyz
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Advice to start as a quant in late 30s

April 24th, 2009, 1:12 pm

Quotemath is a tough subject. there are some parts of math, which are effectively incomprehensible for 99% of population no matter how hard they tryI appreciate that but if I deter from Maths due to it being tough, how can I say I want to be a quant unless you may suggest something simpler(course, certification etc) that covers all the Maths knowledge required for a good foundation.
 
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quantmeh
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Advice to start as a quant in late 30s

April 24th, 2009, 1:51 pm

QuoteOriginally posted by: thexyzQuotemath is a tough subject. there are some parts of math, which are effectively incomprehensible for 99% of population no matter how hard they tryI appreciate that but if I deter from Maths due to it being tough, how can I say I want to be a quant unless you may suggest something simpler(course, certification etc) that covers all the Maths knowledge required for a good foundation.it may be too late for you to go to quants. if you wish to try, then low risk approach is to take one credit class in some branch of math which you didn't take in comp sci. for instance, take real analysis in math department. make sure it's not some crappy course for non-math majors. it'll take you exactly one semester to get a feel of your math capabilities. start now, and by end of summer you'll know if Math BS is for you.
 
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twofish
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Advice to start as a quant in late 30s

April 24th, 2009, 2:06 pm

QuoteOriginally posted by: straightflushyes it is not easy but I saw it happened once, from front office it developer to quantitative analyst, it is a problem of probability and chance, we gotta take bets more or less at some stages..I've also seen it happen which is why I recommended that he get a standard IT job in a bank. The hard part is less learning the math, than having the interpersonal skills to pull it off. If you just get an IT developer job in a bank and wait for people to come to you, you'll stay an IT developer. If you want a quantish job, you can get it if you very actively approach people.
 
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twofish
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Advice to start as a quant in late 30s

April 24th, 2009, 2:10 pm

QuoteOriginally posted by: thexyzIm not working in IB at the moment; I agree while you are in IB, its worth considering MFE,If you are already in an IB, getting an MFE is sort of pointless. If you need the background (and you might) there are much easier and cheaper ways of doing it (i.e. CQF or Amazon).QuoteMy rational behind taking Maths degree is to have a good foundation in Maths which is fundamental to a quant/similar jobs in IB and its not a bad a degree to have. People care that you know the math that is relevant for a job. People don't care where you got that knowledge. One of the nice things about math is that it is relatively easy to test. Here is a problem, can you solve it. If you can, no one is going to care if you have a Ph.D. in math or if you learned the math looking at cereal boxes.
 
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AtlanticNick
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Advice to start as a quant in late 30s

April 24th, 2009, 2:20 pm

thexyz, the references in your post suggest that you're based in the UK, where exactly?Depending on your location you may be able to find suitable onsite part-time courses with evening lectures so you can work during the day. For example Birkbeck in London has MSc Applied Statistics and MSc Financial Engineering. You don't need an undergraduate maths degree to do these as Birkbeck also offers 1-year certificate/diploma courses that (alongside a degree in another discipline) can be used to gain entry to the Masters degrees. I'm on the MSc Applied Statistics now and there are a mixture of people who did mathematical first degrees and those who have come from another field (IT seems reasonably common). The certificate + MSc would take 3 years, with all lectures in the evening.
Last edited by AtlanticNick on April 23rd, 2009, 10:00 pm, edited 1 time in total.
 
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twofish
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Advice to start as a quant in late 30s

April 24th, 2009, 2:25 pm

QuoteOriginally posted by: thexyz- I would like to hear the experience of the guys if any who landed as quant analyst late(mid 30s, 40s etc) in their life; even if a friend of yours has similar story, it'll be interesting to listen to. Well me. I got into field at age 37, after having been a non-quantitative developer for about a decade.QuoteAlso from people who moved into quant analysis from being a developer in IBFirst of all, you need to clear as to what you are looking for. If you hate coding and you want to have a job in which you are a "pencil-and-paper quant" then you are looking for a huge jump. If you are looking for a job that just pays somewhat more and has more math content than your current one, it's much easier.
 
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cryptic26
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Advice to start as a quant in late 30s

April 24th, 2009, 3:13 pm

QuoteOriginally posted by: twofishQuoteOriginally posted by: thexyz- I would like to hear the experience of the guys if any who landed as quant analyst late(mid 30s, 40s etc) in their life; even if a friend of yours has similar story, it'll be interesting to listen to. Well me. I got into field at age 37, after having been a non-quantitative developer for about a decade.You might have worked as non-quant developer but you had a PhD in Physics or am I wrong in getting the impression that you are an optimization specialist? That makes a huge difference from the credential of the original poster
Last edited by cryptic26 on April 23rd, 2009, 10:00 pm, edited 1 time in total.
 
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thexyz
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Advice to start as a quant in late 30s

April 24th, 2009, 3:51 pm

My idea was when Im not in IB(i.e. now) brush up my Maths and get ready with a good foundation. It sounds like most of the people in this forum differ with me for going for a Maths degree because it takes about 4 yrs. Many times what happens is, you may have the certificate by doing 3/6 month course but don't know anything(talking abt someone who do not have previous experience). Also probably that I don't like a short-cut and finding myself incompetent when Im actually in the job. Anyway, I appreciate 3-4 yrs is longerOther thing is, MSc/PhD or equivalent in numerical subject seems to be a MUST for getting into a quant role. How can I do it if at ll I want to do it; a Maths degree may help in this aspect. twofish, Thanks for your sharing your late entry into quant. Could you please share your journey into it a bit more - your qualification, the effort you put in etc. Will be interested to hear more similar stories.Thanks for all your input.PS: like I requested earlier if someone can suggest the books/course/certification for a perfect FOUNDATION for Maths that makes me reasonably confident to go for courses like CQF or similar, that will be really helpful.
 
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Cuchulainn
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Advice to start as a quant in late 30s

April 24th, 2009, 3:54 pm

QuoteMSc/PhD or equivalent in numerical subject seems to be a MUST for getting into a quant role.This will take 4 (BA/Bsc) + 2 + 3 years in general.
Step over the gap, not into it. Watch the space between platform and train.
http://www.datasimfinancial.com
http://www.datasim.nl
 
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quantmeh
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Advice to start as a quant in late 30s

April 24th, 2009, 4:27 pm

QuoteOriginally posted by: thexyzPS: like I requested earlier if someone can suggest the books/course/certification for a perfect FOUNDATION for Maths that makes me reasonably confident to go for courses like CQF or similar, that will be really helpful.there's not much hard math in CQF as far as I know. IT people can handle it, I saw some business (MBA) finishing it, so it's not difficult.
 
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Cuchulainn
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Advice to start as a quant in late 30s

April 24th, 2009, 8:43 pm

QuotePS: like I requested earlier if someone can suggest the books/course/certification for a perfect FOUNDATION for Maths Now that you ask, this is the way I do it distance maths
Last edited by Cuchulainn on April 23rd, 2009, 10:00 pm, edited 1 time in total.
Step over the gap, not into it. Watch the space between platform and train.
http://www.datasimfinancial.com
http://www.datasim.nl
 
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napolean80
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Advice to start as a quant in late 30s

April 25th, 2009, 5:59 am

QuoteOriginally posted by: CuchulainnQuotePS: like I requested earlier if someone can suggest the books/course/certification for a perfect FOUNDATION for Maths Now that you ask, this is the way I do it distance mathsThis is better than CQF's math, I would say.
 
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KackToodles
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Advice to start as a quant in late 30s

April 25th, 2009, 6:02 am

QuoteOriginally posted by: twofishIf you hate coding and you want to have a job in which you are a "pencil-and-paper quant" no such thing unless you want to be in academia.
 
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cryptic26
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Advice to start as a quant in late 30s

April 25th, 2009, 9:01 am

QuoteOriginally posted by: KackToodlesQuoteOriginally posted by: twofishIf you hate coding and you want to have a job in which you are a "pencil-and-paper quant" no such thing unless you want to be in academia. There is a small fraction of quants that belongs to the "pencil and paper" category. Most of them are former professors working in banks & most likely have gone back to academia in this market.
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