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PDEfan
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April 18th, 2013, 10:24 am

what are they? how many hours can one expect in front office, model validation in an IB and or in a hedge fund as a quant researchers?
Last edited by PDEfan on April 17th, 2013, 10:00 pm, edited 1 time in total.
 
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Cuchulainn
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April 18th, 2013, 10:43 am

lower limit == 0.
 
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DevonFangs
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April 18th, 2013, 1:28 pm

model val people can work pretty comfortable hours
 
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Gamal
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April 18th, 2013, 1:52 pm

Oh yes. And in Frankfurt it's almost 5.
 
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katastrofa
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April 19th, 2013, 12:01 pm

Unemployed quants work least hours.
 
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QuantCentral
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April 19th, 2013, 1:31 pm

QuoteOriginally posted by: DevonFangsmodel val people can work pretty comfortable hoursmodel val is pretty good if you don't crave for a lot of money. comfortable and maybe flexible hours; little pressure; can be fun if you love studying models in great detail; job stability; more head counts, etc.
 
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DevonFangs
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April 21st, 2013, 5:30 pm

QuoteOriginally posted by: QuantCentralQuoteOriginally posted by: DevonFangsmodel val people can work pretty comfortable hoursmodel val is pretty good if you don't crave for a lot of money. comfortable and maybe flexible hours; little pressure; can be fun if you love studying models in great detail; job stability; more head counts, etc.Problem is the career perspective. But anyway, if one gets to director in MV they can make more than £200k total comp, which is not massive for finance but anyway a lot of money in a broader sense.
 
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bluetrin
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April 21st, 2013, 7:46 pm

QuoteOriginally posted by: DevonFangsQuoteOriginally posted by: QuantCentralQuoteOriginally posted by: DevonFangsmodel val people can work pretty comfortable hoursmodel val is pretty good if you don't crave for a lot of money. comfortable and maybe flexible hours; little pressure; can be fun if you love studying models in great detail; job stability; more head counts, etc.Problem is the career perspective. But anyway, if one gets to director in MV they can make more than £200k total comp, which is not massive for finance but anyway a lot of money in a broader sense.Plus it is good money compared to the hours you spend in MV maintaining your internal network
 
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capafan2
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April 21st, 2013, 8:15 pm

QuoteOriginally posted by: DevonFangsQuoteOriginally posted by: QuantCentralQuoteOriginally posted by: DevonFangsmodel val people can work pretty comfortable hoursmodel val is pretty good if you don't crave for a lot of money. comfortable and maybe flexible hours; little pressure; can be fun if you love studying models in great detail; job stability; more head counts, etc.Problem is the career perspective. But anyway, if one gets to director in MV they can make more than £200k total comp, which is not massive for finance but anyway a lot of money in a broader sense.Are you sure it is not massive? A few people can win the lottery but what counts is what does the top 10-20 percentile make because the odds are heavily against any one person hitting the top 1 percentile. I would be surprised if they made more than that. That IS a lot of money.
 
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DevonFangs
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April 21st, 2013, 8:41 pm

QuoteOriginally posted by: capafan2QuoteOriginally posted by: DevonFangsQuoteOriginally posted by: QuantCentralQuoteOriginally posted by: DevonFangsmodel val people can work pretty comfortable hoursmodel val is pretty good if you don't crave for a lot of money. comfortable and maybe flexible hours; little pressure; can be fun if you love studying models in great detail; job stability; more head counts, etc.Problem is the career perspective. But anyway, if one gets to director in MV they can make more than £200k total comp, which is not massive for finance but anyway a lot of money in a broader sense.Are you sure it is not massive? A few people can win the lottery but what counts is what does the top 10-20 percentile make because the odds are heavily against any one person hitting the top 1 percentile. I would be surprised if they made more than that. That IS a lot of money.because people here keep saying that the pay in MV is terrible, so I assume that is not massive compared to what all these lucky bastards apparently make
 
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capafan2
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April 21st, 2013, 11:05 pm

QuoteQuoteAre you sure it is not massive? A few people can win the lottery but what counts is what does the top 10-20 percentile make because the odds are heavily against any one person hitting the top 1 percentile. I would be surprised if they made more than that. That IS a lot of money.because people here keep saying that the pay in MV is terrible, so I assume that is not massive compared to what all these lucky bastards apparently make:-) -- I have a friend who is a trader and VP for years. I bet he is not even close. Of-course he never tells me always implying that he makes a lot. But one thing a small town guy like me can do easily is adding several pieces of information to produce a comprehensive picture of how much someone makes. And I put his figure at $250K and I suspect I am over-rating.
Last edited by capafan2 on April 21st, 2013, 10:00 pm, edited 1 time in total.
 
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QuantCentral
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April 22nd, 2013, 2:03 pm

QuoteOriginally posted by: DevonFangsQuoteOriginally posted by: QuantCentralQuoteOriginally posted by: DevonFangsmodel val people can work pretty comfortable hoursmodel val is pretty good if you don't crave for a lot of money. comfortable and maybe flexible hours; little pressure; can be fun if you love studying models in great detail; job stability; more head counts, etc.Problem is the career perspective. But anyway, if one gets to director in MV they can make more than £200k total comp, which is not massive for finance but anyway a lot of money in a broader sense.It is quite difficult to make it to director level...that is a problem!
 
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DevonFangs
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April 22nd, 2013, 2:04 pm

QuoteOriginally posted by: QuantCentralQuoteOriginally posted by: DevonFangsQuoteOriginally posted by: QuantCentralQuoteOriginally posted by: DevonFangsmodel val people can work pretty comfortable hoursmodel val is pretty good if you don't crave for a lot of money. comfortable and maybe flexible hours; little pressure; can be fun if you love studying models in great detail; job stability; more head counts, etc.Problem is the career perspective. But anyway, if one gets to director in MV they can make more than £200k total comp, which is not massive for finance but anyway a lot of money in a broader sense.It is quite difficult to make it to director level...that is a problem!and that's my my statement starts with "Problem is the career perspective"
 
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Shaik
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April 22nd, 2013, 6:04 pm

Is model validation analogous to 'testing' in software companies? People in 'testing' in IT get the least respect in the company and continuously have to prove the reason for their existence.
 
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capafan2
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April 22nd, 2013, 9:39 pm

QuoteOriginally posted by: ShaikIs model validation analogous to 'testing' in software companies? People in 'testing' in IT get the least respect in the company and continuously have to prove the reason for their existence.These days the title "Tester" has been re-branded to "Business Analyst". Apparently it is more respectable in a lot of places to be a Business Analyst than a Programmer. So go figure.
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