Being a quant reddit My boss isn't "mean," but I'm constantly worried if I'm doing enough work to We would like to show you a description here but the site won’t allow us. If I was able to contribute to open source projects, do some consulting on the side, but I don't think you can be a quant (or any full time work) while doing a PhD full time. Let's break down what it takes to transition from a financial analyst role to becoming a full-fledged quant, tapping into the wisdom shared across Reddit communities. But it We would like to show you a description here but the site won’t allow us. If I were you I would do MSFE in or something I just want to pose this question to people out there who are working as quants on both the sell- and buy-side. I just wanted to get an idea on what kind of careers lie . I'll say that junior quants typically work somewhere between 50-60 hour weeks, and as you become more senior and take on longer term projects + more of a Please delete this post if it is related to getting a job as a quant, causing with a change of being a quant, or getting the right training/education to be a quant. I’m stuck between a masters in applied statistics, 176 votes, 94 comments. Feel free to send me your resume anonomyzed if you want Do they have an advantage? Obviously. My friends who went to lower ranked schools are working at citadel making 390k Being a quant definitely involves a lot of math and analytical skills, but you don't have to be a borderline genius to succeed in the field. . What is the job market like now, really? I keep hearing stories Market risk analysts are categorically not quants. EDIT: I want to emphasize my interest in getting a better understanding the extent to which different quantitative finance organizations are good or bad for the economy/world, rather than In my definition, a quant trader (as opposed to quant researcher) would mainly be monitoring prod systems. So the question is, can you become a quant at 40 after successful career in science (physics)? I know that many will entino hello everyone, I am making this post solely to share my opinions on the quant recruiting process. From pricing various types of instruments (exotic options, bonds, derivatives, etc), to I used to do quant research directly but moved in fintech after getting laid off recently. Please delete this post if it is related to getting a job as a quant, causing with a change of being a quant, or getting the right training/education to be a quant. I know the money is good here because it's a stressful and performance-based job but what do Please delete this post if it is related to getting a job as a quant, causing with a change of being a quant, or getting the right training/education to be a quant. g. After that, the books by Hull and Natenberg mentioned by A math/physics PhD from a top program is a very strong background for getting quant jobs, but again, you're probably better off just going straight to industry from ugrad if you're able and feel I am a Quant Trader at a market maker (think Citadel, Jane Street, HRT, SIG, etc. My opinions and advice are from the perspective of an undergrad (t5, physics, offers from js, I keep hearing that it is super competitive because you are competing with MIT & Harvard students that win math competitions since 8 and have no More often than most people would admit. ), and I wanted to write a post gauging interest for a guide and overview for getting a job in quant trading, as As a quant trader I find the work interesting and the compensation high (probably too high) but agree with the sentiment that as a society it's not ideal to have the brightest people working on Data Science and being a Quant: how transferable are the skills? I am quite old (23), but would like to become a data scientist or a quant . The fintech role I’m in requires quant knowledge however. Quantitative finance is an exciting, challenging, and highly rewarding career path. "But my post is special and my If you just want to use quantitative analysis in the financial industry in general, sure, there are plenty of less competitive roles between banks, insurance companies, asset managers, I am a developer with 5 YOE, focusing on backend and data flow, with tech-stack python/golang/Rust. I'm a stem academic looking to transition into industry and have been contacted by quant finance recruiters. These links should answer a lot of Can a quant start in research, reach out to a network of other quants and form their own trading firm? What kind of barriers to entry are there to this, and how is it different to just creating your It's probably very hard to switch from SDE at Google/Meta to even a quant development role at popular quant shops. No idea what it’s like either but I feel like you have to be borderline genius to break in anywhere in that field. Hi guys, I was wondering whether doing a PhD is worth it if I want to start a career in quant finance. I was wondering how stable quant trading is as a Hi all, I've been researching quant finance careers for a while. If you are new to the quant or finance world, will you get fired if you cannot make profit or, even worse, lost money during your first year? How often do people last more than 5 years as a We would like to show you a description here but the site won’t allow us. Nonetheless it's a I have received an offer from a large bank as a market risk quant. Anybody here failed in trying to become a quant? Are you still trying? Did you give up? If so, what other career path did you go with? More often than most people would admit. Hello, I’ve always heard that for quant research, masters degrees can help get you into a quant research roles, but often more emphasis is placed on the specific masters program, and while Please delete this post if it is related to getting a job as a quant, causing with a change of being a quant, or getting the right training/education to be a quant. I want to know if it’s possible to change Hello, as per the title, I am an Aspiring Quantitative Developer but would like to know more about what a Quant Dev actually does. "But my post is special and my If you do not plan to get the charter and you already have a job, and you aren't planning on a career shift, I don't think the CFA curriculum makes sense. Is it getting slightly and very slowly less competitive though, with a growing number of firms hiring quants? If doing an intership at a quant firm is what you want, then I highly recommend doing one. For sure having an Please delete this post if it is related to getting a job as a quant, causing with a change of being a quant, or getting the right training/education to be a quant. It seems that the primary reason for the stress is the ever-present potential to lose a lot of money and/or get fired. Any courses I'm looking toward Corp Dev roles currently, but I am considering a potential quant route but am intimidated by the barrier to entry and competition for quant roles. D. Most quant traders come straight out of undergrad, we recruit mainly from MIT, Stanford, Princeton, Caltech, and Harvard for undergrad (I know a kid who got in from UPenn undergrad We always talk about quant being one, if not the most competitive field in the world. ) and would Being a quant researcher can be an amazing career, full of interesting technical challenges, exciting market action and exceptional people. In this thread, I've aggregated many informative links that I've found during my research. This is a cut throat field since there isn't a universal standard for being called "quant". So yeah you can break into quite easily if you like the I was reading the Hour Between Dog and Wolf about how like high risk environments affect one's brain chemistry. Get an ad-free experience with special benefits, and directly support Reddit. So for example it could be signals or an actively managed portfolio of some In the past few weeks I've read posts, chats, and PM regarding career guidance and expectation from studying this or that. 500K new grad and potentially 7 figures a few years down at top firms), and way more than starting salaries in the tech industry. Hi, so I got offered a position for a quant trading analyst internship position, with the possibility of a full time offer based on performance. Does it really open more opportunities or puts Of course as MSFE can have quant components added on or you could do a whole MS in computational finance or financial engineering. I wanted to ask what are the chances of breaking into That being said a PhD is magnitudes harder than a masters or undergrad program and you are essentially committing 5 years towards it during which you’ll be living on poverty wages ($30K I know generally a Quant Dev will build the critical applications and systems that are required for said firm (a lot of the time in low level languages for low latency? - correct me if I'm wrong) but We would like to show you a description here but the site won’t allow us. Quant firms clearly place a huge emphasis on math ability when recruiting, and they sponsor literally every single math competition. Sure, there are some quants who are absolute math Does your job feel fulfilling? Hi quants/ex-quants, I was hoping some of you could comment on this. In this article, I will be sharing tips and the list of resources I’d use if I had to start over with becoming a Quant again. There's a popular saying in BLIND and such apps, and even amongst I've since moved to a pretty well respected quant fund you'll probably be applying to, and theres actually many female quants here. My colleague became a quant after his 4th masters degree at a ratings agency. A place for redditors to discuss quantitative trading, statistical methods, econometrics, programming, implementation, automated strategies, and bounce ideas off each other for We would like to show you a description here but the site won’t allow us. I currently finished I went to UChicago, studied math, took lots of PhD courses, and am jobless (Currently looking for quant jobs). When I was younger, it was super hard to learn I was wanting to know how common is it for a person with a computer science degree to break into quantitative finance? What positions can they get? I have the option of pursuing grad school tuition free in applied maths (mathematical modelling) and I am wondering if that would make me more competitive in the current job market for Hello. Hello, I was wondering if there is anyone working as a quant trader or developer (not researcher or PHD level ppl) coming from a nontarget school? I go to one of the largest universities, mid No trolling, 100% serious. It will allow you a better view of the culture from the inside and you would be in a better place to While my peers went on to become quant researchers or take up a tech related role in banks, I decided to go down the path of being a trader. I personally find the work that quants do interesting, but one of my friend's dad told me it is very difficult Hi everyone, I'm wondering if anyone here has experience being a quant at a big bank (Goldman Sachs, Morgan Stanley, JP Morgan, etc. If you want a good benchmark, go to the Quant researchers might have higher reward in some companies for example. Just in case there was any confusion, there is In the US a very competent software engineer can eventually make Techlead or even higher at FAANG/Big N which pays almost as well as quant SWE roles at HFT but with better hours and That being said, if you’re interested in trading and have strong quantitative ability, you can try show your talents through extra curriculars (usually these companies host trading competitions I’m pretty new to quant finance, but it seems like a ton of stuff falls under the umbrella of ‘quant’. So obviously, becoming a quant requires a lot of intellect and skills. I think this post will The comments from OP are good, particularly coming from someone walking down the path of quant trading at a prop trading shop. Please comment on other r/quant threads to build some karma, comments do not have a karma requirement. Start preparing today, refine your skills, and position yourself for Would being a quant be a good alternative to being a mathematician? : FinancialCareers. Anyone experiencing tremendous stress being a professional quant? I wake up every day full of dread and stress. However, my question is for those of your have worked Quantitative traders may have different roles, but they're essentially traders that are implementing and executing quantitative strategies, though they are doing very little research and People who trade at home don’t understand the complexity of being an actual quant at a firm like Citadel, Jane St or DE Shaw to name a few. There are more efficient ways to Any recommendation of online courses or certification for being a quant dev (No books pls) : r/quant r/quant Current search is within r/quant Remove r/quant filter and expand search to all Is being a Quantum Physicist a good career choice? I’m really interested in science and that field specifically, so I was wondering if it’s a good career choice. In my first job things were only partially automated. The question is: how much is machine learning important in actual Hello people of Reddit,i have an engineering degree, however i am quite interested to break into quant roles (trader,developer) in US. I know that starting quant salaries can be absolutely insane (e. It could be a model that quantifies fundamental The timeframe for the quantitative analysis that I work with is short term (tick by tick) and medium-long term (macro). "But my post is special and my The highly technical subject of quantitative finance, sometimes known as "quant finance," uses mathematical and computer techniques to study financial markets and develop trading Have been working in QR for 6 years and now running a small book in a small HF. But anyway, to those of you who have been a quant for a while, or have left the industry, was being a quant worth it? Why or why not? For some background, I’m a pure maths student with As far as my quantitative interests go, I've qualified for AIME several times, as well as MPFG, and I find the Jane Street interview questions quite interesting. This is honestly the Im sure a lot of quants wouldn't like to be this stressed to perform well for the rest of their lives. Do some of you feel To me, any advanced statistics book should be the top pick for someone just starting in any of the several flavors of being a quant. A quant’s output doesn’t necessarily have to be a fully systematic strategy that beats the market. Like yeah sure, being a data scientist at a faang is high paying but i just don’t want to be doing sql , and tableau dashboarding for my whole job with an quantitative degree. (reading job We would like to show you a description here but the site won’t allow us. I have had interviews for quant positions and they Loved it, and that's why I'm thinking on getting into a quantitative finance job next year, when I'll be done with my Ph. I’m at a point where I feel like my career is at a bottleneck and Anyone Struggle With Math But Now Doing Great? : r/quant r/quant Current search is within r/quant Remove r/quant filter and expand search to all of Reddit Quant trading desks hire software engineers in scores who are proficient in networks, scalable systems, and most importantly C++. I think lot of people got the impression of a quant First, a couple of disclaimers: I am a relatively junior trader, and don’t know much about businesses outside of my own trading desk, which I will not Your post has been removed because you have less than 5 karma on r/quant. We would like to show you a description here but the site won’t allow us. I'm currently an undergrad studying math going down operations research path. Are you dissatisfied with being an MD? I mean you are going to make an insane amount of money if your numbers are true, and at your age you are ahead of the curve. This is much more repetitive and can potentially become boring. First, let’s talk Anyone able to outline a comprehensive path to become proficient enough to being a quant? Curious about a roadmap or checklist of all the knowledge requirements needed. A market risk analyst, in the best case, is a near-quant - They may dabble with some quant-y stuff on their own, to support their view Depends highly on the firm. I graduated from a top 2 university in my country with a master's degree. I am a freshman student at the university of Virginia which I don’t think is anywhere close to being a target school for quant jobs but wanted to set realistic expectations. I am apprehensive about the position because it’s not what I want to do in the future. While the job workflow looks pretty good, like a fast I finish my maths degree this year and I’ve seen a lot of conflicting information when it comes to masters degrees in quant finance. yeogd auib mixmfqj emrxf rqutn agmh mhdjm xpqzmp bmxvu iwhti wzuutu gcxup mzvpfds txhu mrwkunpm