QuoteOriginally posted by: crootI'll take your last sentence, and askIf you agree with the following:"I do not want to get into IB in a position that doesn't involve actual use of math"then I will freely give you precious life-saving advice:you do not want to get into a finance position. Full stop.My evidence: I have been told literally hundreds of times by hundreds of different professors,professionals,recruiters "in this business XXX , which is very new and exciting and challenging, the crux is modelling, which is mathematically very involved, you have to be very fine to beat the competition, and so it is very important for the firm to get this aspect right, which is why we need people with superlative math skills to fill these roles blablabla".In my case XXX was "2nd generation structured notes": well it turns out sophisticated mathematics is not the crux at all. XXX changes I'd say every 3 years, but I'll warn you now: sophisticated mathematics is never the crux.That said, I dream of , nay yearn for, a world where -financial innovation and sophisticated investors would be free to roam, without the fear of unjust discrimination and finger-pointing, and-thousands of guys like future-you, and me, would get well-paid jobs to do "some" math, and-even though the math would be irrelevant,we could help stave off regulators with our big degrees and bigger wages, and-with impressive profits marked yearly, though future risks would remain a mystery quantity no one would rock the boat because we'd all be polite people from good schools.I really do, gianluca.Unfortunately some sore losers in some societies are insisting on pushing things anOTHer way.Must we learn to live among philistines?Or is there still hope of a better tomorrow?yes, I do not want to get into IB in a position that doesn't involve actual use of math.but the fact is, apart from research, which job actually requires the use of math?reading on the internet i thought that quants have to keep in touch with the research in order to succeed.Also, aren't there positions like "research quant"?I think in such a complex financial world one which has great mathematical abilities can make the difference..people like fabio mercurio actually exist in the end!!!
Last edited by gianluca19
on March 20th, 2012, 11:00 pm, edited 1 time in total.