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Quant here. I used to be a seismologist but switched to finance one year ago. This year I earned well below 100k€.
by ajaalto 7y ago
Quant here. I used to be a seismologist but switched to finance one year ago. This year I earned well below 100k€.
- ck425 7y agoOut of curiosity how did you switch to being a quant?
- dorchadas 7y agoI'm not the OP, but it's a switch I'm strongly considering making. I'm looking at doing it by going back to get a Masters in Quantitative Finance, so that's one possible option.
- amiga_500 7y agoBecause the west is collapsing as rentier work dominates over true wealth creation!
- finolex1 7y agoWould you rather that resources be allocated blindly? The fact that some people can live comfortably off their investments does not mean that the very investments themselves do not create wealth. Hedge funds do the latter, it's up to the government and society to decide on the former - i.e. how to distribute this wealth.
- amiga_500 7y agoResources are being allocated into a bubble, because every time the market falls the Fed prints money via QE. Hedge funds aren't looking for companies doing valuable work, they are trying to figure out if Powell will print more, or gaming Bank of England APIs. The system is not functioning.
- ajaalto 7y agoI worked as a software developer before I got the seismologist position. It was not too difficult to interview for various data science positions.
- sukilot 7y agoThat's likely because you work somewhere that pays in € not $.
- Scoundreller 7y agoBut depending on where that is, 5k EUR/month netto goes very far.