June 17th, 2002, 8:04 pm
I am currently in an actuarial trainee job, which I find to be quite boring so am interested in being a quant. I have an MSc in Financial maths and am 23 years old living in the UK.Now, I could qualify as an actuary but those exams might take me another 3/4/5 years and even then in the UK the salary as a newly qualified actuary is around 40/50k, not that it's THAT important to me as I don't like the job anyway, but junior quants do seem to start off on those amounts. I could qualify at the age of 26/27/28 .Instead I am considering going on to do a PHd (solution of finance pde's with C++ using wavelet methods) which would take 3 years i.e. I would hold this PHd hopefully in 2006 and I would then be 27 years old. Is that too old to get into a quant job? How old is too old? Say i postponed this PHd and didn't start it until 2004 or 2005 and finish it when i was 28/29 would that be too old to get into quant?