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To a student looking to go into quantative finance instead of data science, the number of negative finance headlines on the front page is worrying.
by curiousgal 7y ago
To a student looking to go into quantative finance instead of data science, the number of negative finance headlines on the front page is worrying.
- elhudy 7y agogo into data science and dont look back.
- justicezyx 7y agoAnyone who still want to devote themselves to financial industry, probably is more interested in money than the greater good of society..
- elhudy 7y agoEverything is about money when you first graduate, unless you want to be supporting the financial industry with your minimum payments for 10+ years. someone with quantitative finance skills could likely move horizontally into any industry or business. Finance, economics, and money are the rock that every company sits on.
- justicezyx 7y agohttps://news.ycombinator.com/item?id=21173925 https://news.ycombinator.com/item?id=21173925 Let's be honest, you can chase for money, but this type of predatory behavior is pretty much a fundamental part of financial industry. Be willing to accept that. I cannot
- kgilpin 7y agoFinance, economics and money become irrelevant pretty fast if you aren’t making something people want to buy.
- jimhefferon 7y ago> you aren’t making something people want to buy I hear you but in 2018, finance and insurance represented 7.4 percent (or $1.5 trillion) of U.S. gross domestic product.
- curiousgal 7y agoI grew up poor (still am) so money is a big deal for me.
- louthy 7y agoI grew up poor as well, and money used to be a big deal to me too. I’m relatively comfortable now, but if there’s some wisdom that I’ve gained from age it’s that the pursuit of money, for its own sake, leads to a pretty soulless existence. You’ll never know when you’ve succeeded, because how much is enough? There will always be people more ‘successful’ than you (because they have more money). Choose a path you love.
- chillacy 7y agoI don't think people who go into finance are evil because at the end of the day incentives matter a great deal, but I do find it disappointing that financing is more profitable than many other industries which might have greater long term benefits to society.
- avip 7y agoOn the contrary. The less predictable a future is, fear creeps in and the oxygen-deprived managers develope an urge to be surrounded with more Astrologers. Or the more socially plausible option - Mathematicians.
- pfarnsworth 7y agoNegative finance headlines is a great positive indicator that nothing will happen. Almost no one can successfully predict a recession or downturn, and the more people believe it, the less likely it will be.
- floki999 7y agoDo not give up on quant finance. Your longevity as a quant will be longer in finance than ‘data science’ whose value is quickly becoming diluted. Quants have been data scientists before the term was coined and will continue to be. My advice: do not get sucked into academic quant finance but become a practitioner by working for an investment firm or institutional investor. It will pay off.