March 6th, 2008, 10:46 pm
Hey raises a valid question for fresh people like us though, all recommendations you see around are for quite an advanced level of knowledge in stochastics etc, however I have often wondered how often an academic recearch level knowledge is used in the large proportion of quant jobs. It seems to me that in general, most of a quants time is spent understanding/tweaking others models and then being on top of their numerical implementation. Are the jobs where you are actually doing OR implementing your own work quite rare?? Or is it just a case of, like you say, convincing your boss to let you have a go with your own, original work?