Thank you, and thanks for the well thought out content here.
Feasibility of landing a quant job as a fresh master of physics grad
- Thread starter TauLepton
- Start date
While we are talking about lies... I would like to call bullshit on the exhibit below.
You were a quant? My guess is that you don’t know the first thing about options math and trading in a professional setting. In fact, from what I've seen you struggle with very basic concepts.
But of course I am, as you say, chickenshit. I do not claim to have worked for "the biggest options trader", tell tales about being hired on the basis of live calls on spooz for a week or boast of owning jets and sports cars. Unlike yourself, I got nothing to sell and nothing to prove.
Didn't Finney die fairly young like a decade ago? MS index desk used to trade with some guy that was his protege from the 90s and I vaguely recall someone mentioning that.
Anyways, I would not be surprised if Mr. Brown here did work somewhere in finance. Question is, was he doing something trading/quant related? Based on what I've seen from him, I'd guess not.
Here's the thing about being a quant. Some shops are quant shops and only hire quants. They recruit from (usually) a handful of schools. Do they miss out on potentially good people - of course they do. Rarely are the folks who do the recruiting full-time recruiters - often they run a desk or are part of a desk. Accordingly, they don't have a lot of time so they either use headhunters to move people away from an existing position, interview referrals from existing hires or go outside to handful of schools.
Some of the quant shops are even more selective and only look at PhDs. Some shops are fundamental shops and want CFAs. Some are hybrids that have both.
Lot's of shops prefer to hire experienced people and they often come from competing shops or the brokerage community and they cost a ton.
I live and work just outside of Chicago and a good quant in this market is worth a boatload of money.
A successful former floor trader who was put out of business by technology is lucky if they can find a position trading today. This is a bit of an oversimplification, but I probably see over 100 resumes a month on our desk and anybody good would get hired in a heartbeat.
Some of the quant shops are even more selective and only look at PhDs. Some shops are fundamental shops and want CFAs. Some are hybrids that have both.
Lot's of shops prefer to hire experienced people and they often come from competing shops or the brokerage community and they cost a ton.
I live and work just outside of Chicago and a good quant in this market is worth a boatload of money.
A successful former floor trader who was put out of business by technology is lucky if they can find a position trading today. This is a bit of an oversimplification, but I probably see over 100 resumes a month on our desk and anybody good would get hired in a heartbeat.
Crickets from @MarkBrown, what a surprise! It's funny that you have the gall to question my service and then act like you never did when I call your bluff, but react violently when someone questions your supposed job history that you're willing to provide exactly no proof of. If there was ever any question as to why the good millennials aren't working for you, you've clearly answered it in this thread. Like I said earlier, the only thing their generation is guilty of is that the good ones have realized they don't have to work with or for assholes.