hi guys and gals....i will not waste your time and state my problem rightaway: my qualifications: 1. undergrad in enginnering from India's top school2. doing ph. d. in comp. sc. from an OK school in US3. zero or next to zero knowledge about finance at this point but taking a fin. math. course this semesterobjective: getting a quant position in near future plans of action: 1. going after a quant job right after ph.d.2. going for an MS in fin math from one of the top schools[I personally beleive getting into an MS program is not going to be very difficult but that would mean another 1<=t<2 years and a lot of money] will really appreciate if you provide your assesments about the "action plans" in general and #1 in particular. any new action plan will also be highly appreciated.

just wanted to add that my dissertation involves a lot of modelling using game theory.thanks

hopefully i dont sound too negative, but i think the big days of the quants are over.as for my place for example (top five investment bank, one of the biggest), there are hardly any pure desk quants left and there are now intentions of moving part of the it work out of the bank. if there are 1-2 good quants at a desk for the big asset classes (rates, fx, equity, credit) thats more than enough, the rest is just it support.and training them up also takes too long, they are more likely to be experienced, possible from related areas within the bank.i am just talking about what i see at my current and my previous employer.all i want to say is, dont be too fixed on this quant thing. they will partly die out and they also do not earn particularly much money.be flexible and get as much experience as you can get. nobody is interested in academic nerds at a bank.rgds

sounds scary...any comments on that?

QuoteOriginally posted by: Arnheimhopefully i dont sound too negative, but i think the big days of the quants are over.as for my place for example (top five investment bank, one of the biggest), there are hardly any pure desk quants left and there are now intentions of moving part of the it work out of the bank. if there are 1-2 good quants at a desk for the big asset classes (rates, fx, equity, credit) thats more than enough, the rest is just it support.and training them up also takes too long, they are more likely to be experienced, possible from related areas within the bank.i am just talking about what i see at my current and my previous employer.all i want to say is, dont be too fixed on this quant thing. they will partly die out and they also do not earn particularly much money.be flexible and get as much experience as you can get. nobody is interested in academic nerds at a bank.rgdsNo followup comments on this statement? Is anybody else seeing the same thing where they work?

QuoteOriginally posted by: srakshi guys and gals....i will not waste your time and state my problem rightaway: my qualifications: 1. undergrad in enginnering from India's top school2. doing ph. d. in comp. sc. from an OK school in US3. zero or next to zero knowledge about finance at this point but taking a fin. math. course this semesterobjective: getting a quant position in near future plans of action: 1. going after a quant job right after ph.d.2. going for an MS in fin math from one of the top schools[I personally beleive getting into an MS program is not going to be very difficult but that would mean another 1<=t<2 years and a lot of money] will really appreciate if you provide your assesments about the "action plans" in general and #1 in particular. any new action plan will also be highly appreciated.Why not try for model validation positions? Ok you're not creating mdoels but you are playing around with them and learning valuable skills

naah, you don't sound too negative. you sound like an idiot who's trying to stir up a contrQuoteOriginally posted by: Arnheimhopefully i dont sound too negative, but i think the big days of the quants are over.as for my place for example (top five investment bank, one of the biggest), there are hardly any pure desk quants left and there are now intentions of moving part of the it work out of the bank. if there are 1-2 good quants at a desk for the big asset classes (rates, fx, equity, credit) thats more than enough, the rest is just it support.and training them up also takes too long, they are more likely to be experienced, possible from related areas within the bank.i am just talking about what i see at my current and my previous employer.all i want to say is, dont be too fixed on this quant thing. they will partly die out and they also do not earn particularly much money.be flexible and get as much experience as you can get. nobody is interested in academic nerds at a bank.rgds

this is gettin' serious, it's time for MR MUSCLES to step in...quant: where's my chair?trader: shut your mouth NERD!other traders: HA-HA-HA-HA-HA!...quant: y-you can't say THAT! i-i'll tell the md on you, waa!trader: ha-ha-ha, it WAS the md who told me to take your damn chair in the first place, now go play with your maths books!other traders: A-HA-HA-HA-HA!...quant: i'm not taking this anymore, give me my chair, p-please!other traders: WHOOOOOOO!trader: what did you say, nerd?quant: n-nothing, i'm sorrytrader: you're damn right you're sorry, now get me some coffee, hey mack, you want anythin'?mack: yeah, a cheeseburger would be nice!trader: an' get me a cheeseburger too!quant: but that's three blocks away!trader: you wanna talk about it somewhere private?quant: n-no, waaaaaaaaaaaaaahhhhhhh!md: hey, guys, what's goin' on?!trader: this little quant wants his chair back!md: come here to me son, i wanna tell you somethin'!FART!traders: A-HA-HA!.........MD: NOW GET ME A F***IN' CHEESEBURGER TOO, AN' MAKE IT QUICK! NERD!traders: NERD! NERD! NERD!...

QuoteOriginally posted by: jtippthis is gettin' serious, it's time for MR MUSCLES to step in...quant: where's my chair?trader: shut your mouth NERD!other traders: HA-HA-HA-HA-HA!...quant: y-you can't say THAT! i-i'll tell the md on you, waa!trader: ha-ha-ha, it WAS the md who told me to take your damn chair in the first place, now go play with your maths books!other traders: A-HA-HA-HA-HA!...quant: i'm not taking this anymore, give me my chair, p-please!other traders: WHOOOOOOO!trader: what did you say, nerd?quant: n-nothing, i'm sorrytrader: you're damn right you're sorry, now get me some coffee, hey mack, you want anythin'?mack: yeah, a cheeseburger would be nice!trader: an' get me a cheeseburger too!quant: but that's three blocks away!trader: you wanna talk about it somewhere private?quant: n-no, waaaaaaaaaaaaaahhhhhhh!md: hey, guys, what's goin' on?!trader: this little quant wants his chair back!md: come here to me son, i wanna tell you somethin'!FART!traders: A-HA-HA!.........MD: NOW GET ME A F***IN' CHEESEBURGER TOO, AN' MAKE IT QUICK! NERD!traders: NERD! NERD! NERD!...Were you on the Morgan Stanley trading floor in the 80's or something????

trader: hey quant?quant: y-yes sir?trader: ha-ha-ha, yes sir, that's what i like! listen, you-a, you wanna come round t' my place later, me an' the boys are havin' a little party?other traders: snigger...quant: WHOA! SURE! THAT'D BE SWELL!other traders: swell, snigger!...trader: ok then, BUDDY, eight o'clock, be there sharp!eight o'clock...ding-dong!...trader: hey, there...guys, look who it is!traders: snigger...trader: so er, bob, listen it's custom 'round here for any new guy joinin' the gang to take off his trousers!quant: oh, i don't know, i'm kinda shy and well -trader: HEY - YOU'RE EITHER IN OR YOU'RE OUT! WHICH IS IT?!quant: well, ok...trader: A-HA-HA-HA!...just then...swoosh!...mr muscles: ok guys, fun's over!trader: OH YEAH? TAKE THIS - UGGHH!traders: UUGH!...AARGH!...UUGHH!MR MUSCLE: you ok bob?quant: boo-hoo, y-yes, mr musclemr muscle: good, now bend-over!

What the FUCK????? get out more man

guys....thanks for the SERIOUS replies. sorry for the delay in following up......i have a few questions: 1. Arnheim--> you said quants do not make much money. what ranege are you talking about? [is anything less than 200K peanuts for you? ]2. Rob--> can you elaborate on the scope for model validation? your use of expletives has kind of pissed me off though