Hedge Fund Jobs??

I was hoping for an ad that said, "Prop traders need not apply."

What cracks me up about this ad is that they want a quant guy to do risk analysis- a rocket scientist. Right? Really deep math skills with financial application and experience no doubt. Then they have other requirements:

"-Experience in developing GUI / database architecture"

Hahah. They want a graphic artist and a database admin to boot. All in the same person. What a joke this ad is.
 
Quote from Aaron:

By the way, if you aren't sure what "portfolio optimization with stochastic adjustment" is, you aren't alone. I'm not either.
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Zero hits in google for the phrase "portfolio optimization with stochastic adjustment".

Why they don't ask for something easier like "constrained recursive kernel density and regression estimation by stochastic gradient method" :D
 
Quote from PuffyGums:

Really deep math skills with financial application and experience no doubt. Then they have other requirements:

"-Experience in developing GUI / database architecture"

Hahah. They want a graphic artist and a database admin to boot. All in the same person.
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I think harrytrader is a perfect candidate for this job. Just look at his charts :) graphic artist, rare specialist in stochastic calculus and - last but not least - enthusiastic about being a quantitative analyst LOL
 
With all that education that hedge funds require,it's rare that they return at least 50% a year to clients.I just don't understand the need for phd's when it comes to trading.If you are fortunate enough to manage a large fund,it's probably not that difficult to make some nice returns each year,especially when brokers are giving you hot ipo's and information before the general public gets it.
 
Quote from NasdaqTrader:

With all that education that hedge funds require,it's rare that they return at least 50% a year to clients.I just don't understand the need for phd's when it comes to trading.If you are fortunate enough to manage a large fund,it's probably not that difficult to make some nice returns each year,especially when brokers are giving you hot ipo's and information before the general public gets it.
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those were the good old days, now everybodys looking for a real edge, thats why there is such a need for quants out there and every respectable school is coming out with a financial engineering degree
 
Company: *****
Location: US-NY-New York City
Pay: 125,000.00 - 450,000.00 USD /year
Status: Full Time, Employee
Job Category: Finance/Economics
Education Level: Master's Degree

Prestigious financial firm in New York seeks quantitative researchers and traders to support equity, fixed income, commodity, and currency derivatives' desks. Excellent mathematical and computer modeling skills are required. Expertise in stochastic calculus and statistics is a plus. A deep knowledge of C++ is preferred but not required. Knowledge of data structures and algorithms is also preferred. Candidates should have a MS/Ph.D in either Mathematics, Physics, Finance, Economics, an Engineering discipline, or Computer Science. Several years of experience in research and trading is recommended. Candidates without financial experience are encouraged to apply. Candidates should posess strong problem solving skills and have the ability to produce top level research with little guidance. Outstanding communication skills are a major plus. Please Email resume in WORD format to
 
It's a very dated table. 1999. I think somethings have gone way down and others(quants) have gone way up!

http://www.careers-in-finance.com/ibsal.htm

============================================
Salaries in Investment Banking (with bonus)

Job Level Bulge Bracket Regional Player Prerequisite
(degree/yrs experience)
First Year Analyst $60K - 110K $30K - 70K Bachelor's
Third Year Analyst $80K - 200K $70K - 150K Bachelor's
First Year Associate $125K - 235K $70K - 150K MBA
Third Year Associate $150 - 450K $120 - 250K MBA
Assistant Vice President $200K - 600K $75K - 120K 2-4 years
Vice President $250K - 800K $100K - 400K 3-6 years
Associate Director $250K - 1MM $150K - 500K 3-8 years
Director / Principal $300K - 1.2MM $200K - 600K 5-10 years
Managing Director / Partner $400K - 20MM $200K and up 7-10 years
Department head $750K - 70MM $300K and up 10+ years

Note: This table is based upon conversations with banking insiders in mid-1999. MM denotes millions. K denotes thousands of US dollars.
 
Quote from Cutten:

"WANTED - trader, must be able to make money."
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LOL!

That's what they called the "agency problem" and moral hazard in economics. There will always be someone or soemthing to bail you out. You either get fired. Or you the Fed will bail you out in the case of LTCM.
 
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