QuoteOriginally posted by: UltravioletQuoteOriginally posted by: DevonFangsQuoteOriginally posted by: ChicagoGuyBe a little more humble and maybe the world will open up.+1You know, I happened to interview a lot of people recently, and one thing I noticed is how many candidates are actually quite arrogant. Especially the Oxbridge dudes, who anyway have no idea like everybody else. It must be a cultural thing.People in this business often confuse confidence with arrogance. Funnily enough, when you get to know each other better and they see you don't bite, they usually turn out to be nice persons.It is not clear? "It's not what you say, it's the way you say it".

QuoteOriginally posted by: CuchulainnQuoteOriginally posted by: UltravioletQuoteOriginally posted by: DevonFangsQuoteOriginally posted by: ChicagoGuyBe a little more humble and maybe the world will open up.+1You know, I happened to interview a lot of people recently, and one thing I noticed is how many candidates are actually quite arrogant. Especially the Oxbridge dudes, who anyway have no idea like everybody else. It must be a cultural thing.People in this business often confuse confidence with arrogance. Funnily enough, when you get to know each other better and they see you don't bite, they usually turn out to be nice persons.It is not clear? "It's not what you say, it's the way you say it".No entiendo. Estoy confundida

QuoteOriginally posted by: UltravioletQuoteOriginally posted by: CuchulainnQuoteOriginally posted by: UltravioletQuoteOriginally posted by: DevonFangsQuoteOriginally posted by: ChicagoGuyBe a little more humble and maybe the world will open up.+1You know, I happened to interview a lot of people recently, and one thing I noticed is how many candidates are actually quite arrogant. Especially the Oxbridge dudes, who anyway have no idea like everybody else. It must be a cultural thing.People in this business often confuse confidence with arrogance. Funnily enough, when you get to know each other better and they see you don't bite, they usually turn out to be nice persons.It is not clear? "It's not what you say, it's the way you say it".No entiendo. Estoy confundida :-|I was referring to interviews and people in general. Not your good self.

QuoteOriginally posted by: UltravioletQuoteOriginally posted by: DevonFangsQuoteOriginally posted by: ChicagoGuyBe a little more humble and maybe the world will open up.+1You know, I happened to interview a lot of people recently, and one thing I noticed is how many candidates are actually quite arrogant. Especially the Oxbridge dudes, who anyway have no idea like everybody else. It must be a cultural thing.People in this business often confuse confidence with arrogance. Funnily enough, when you get to know each other better and they see you don't bite, they usually turn out to be nice persons.IMO, being confident about something you just showed me you know very little about indicates either stupidity or arrogance, especially at a delicate moment such as an interview.

QuoteOriginally posted by: DevonFangsQuoteOriginally posted by: ChicagoGuyNobody uses BS anymore. You quote in implied vol, right? People also use multiplication and addition when quoting IV Of course, people still use BS. I think that it might be one of the top three modeling formulas most used of all times. So it is a must and that's why people always ask about it in interviews. Also, depending on the questions, it might just show whether a person knows how stochastic calculus, PDEs, and finance are inter-related. Just saying that people don't use BS to price derivatives....

Quotea physics PhD from what is one of the best programs in the worldWhat can one infer about the quality of a candidate in general?

QuoteOriginally posted by: ChicagoGuyQuoteOriginally posted by: DevonFangsQuoteOriginally posted by: ChicagoGuyNobody uses BS anymore. You quote in implied vol, right? People also use multiplication and addition when quoting IV Of course, people still use BS. I think that it might be one of the top three modeling formulas most used of all times. So it is a must and that's why people always ask about it in interviews. Also, depending on the questions, it might just show whether a person knows how stochastic calculus, PDEs, and finance are inter-related. Just saying that people don't use BS to price derivatives....was just being pedantic

QuoteOriginally posted by: Shafranov Quite frankly, it's the money that is drawing me in.You don't say.

QuoteOriginally posted by: daveangelQuoteOriginally posted by: Shafranov Quite frankly, it's the money that is drawing me in.You don't say.also, what money?

QuoteOriginally posted by: DevonFangsQuoteOriginally posted by: daveangelQuoteOriginally posted by: Shafranov Quite frankly, it's the money that is drawing me in.You don't say.also, what money?all the make believe money the characters in the big wall street movies make.

QuoteOriginally posted by: AnalyticalVegaQuoteOriginally posted by: DevonFangsQuoteOriginally posted by: daveangelQuoteOriginally posted by: Shafranov Quite frankly, it's the money that is drawing me in.You don't say.also, what money?all the make believe money the characters in the big wall street movies make.Just for perspective $150K is great money for a salaried person. An average Wall Street Person does not have any perspective on what constitute "Good Money" or "Enough Money". This even includes IT and Risk and Compliance folks working there. And just like a politician does not do anything without taking credit for it, rich salaried people do not try to hide their ball-park salaries. The universal reticence about exact numbers when it comes to Salaries on Wall Street are because everyone is really afraid to find out that they alone are under-paid. So everyone just puts up a facade.

QuoteOriginally posted by: capafan2Just for perspective $150K is great money for a salaried person. An average Wall Street Person does not have any perspective on what constitute "Good Money" or "Enough Money". This even includes IT and Risk and Compliance folks working there.Great point. All the people who live inNY and work on Wall St right out of college have no idea what the rest of the country (let alone world) is paid or lives on.QuoteAnd just like a politician does not do anything without taking credit for it, rich salaried people do not try to hide their ball-park salaries. The universal reticence about exact numbers when it comes to Salaries on Wall Street are because everyone is really afraid to find out that they alone are under-paid. So everyone just puts up a facade.Everything is relative. When you have 1 million, you want to be in the 10mm circle; when you get there you want to be in the 100mm circle, etc.And then you get arrested for insider trading like Rajat Gupta out of sheer greed and stupidity..It is never ending - there is always another inner circle of money, of power..Even if you win the rat race, you are still a rat.

QuoteOriginally posted by: capafan2QuoteOriginally posted by: AnalyticalVegaQuoteOriginally posted by: DevonFangsQuoteOriginally posted by: daveangelQuoteOriginally posted by: Shafranov Quite frankly, it's the money that is drawing me in.You don't say.also, what money?all the make believe money the characters in the big wall street movies make.Just for perspective $150K is great money for a salaried person. An average Wall Street Person does not have any perspective on what constitute "Good Money" or "Enough Money". This even includes IT and Risk and Compliance folks working there. And just like a politician does not do anything without taking credit for it, rich salaried people do not try to hide their ball-park salaries. The universal reticence about exact numbers when it comes to Salaries on Wall Street are because everyone is really afraid to find out that they alone are under-paid. So everyone just puts up a facade.

QuoteOriginally posted by: ArthurDentQuoteOriginally posted by: capafan2Just for perspective $150K is great money for a salaried person. An average Wall Street Person does not have any perspective on what constitute "Good Money" or "Enough Money". This even includes IT and Risk and Compliance folks working there.Great point. All the people who live inNY and work on Wall St right out of college have no idea what the rest of the country (let alone world) is paid or lives on.QuoteAnd just like a politician does not do anything without taking credit for it, rich salaried people do not try to hide their ball-park salaries. The universal reticence about exact numbers when it comes to Salaries on Wall Street are because everyone is really afraid to find out that they alone are under-paid. So everyone just puts up a facade.Everything is relative. When you have 1 million, you want to be in the 10mm circle; when you get there you want to be in the 100mm circle, etc.And then you get arrested for insider trading like Rajat Gupta out of sheer greed and stupidity..It is never ending - there is always another inner circle of money, of power..Even if you win the rat race, you are still a rat.That's very cynical Why does it always happen that the person who originated the post disappears into the abyss and the seasoned members are the only ones left to argue about pointless matters?

QuoteWhy does it always happen that the person who originated the post disappears into the abyss and the seasoned members are the only ones left to argue about pointless matters?Because most of the time the OP is just getting lured by the promised riches. Once they figure out, their ain't such a thing as easy "Big Money" they go of in search of another mirage. It is probably a good thing from the OP's perspective. It saves them time. Making Big Money is brutal, finance or otherwise. People simply need to appreciate that reality. It is not like you become a Quant or a Trader and you can lie back and enjoy. It is an uphill battle to the achieve Big Money.