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Sounds like right now banks want people who can code but also have "quant skills". What's the best way to go about learning/acquiring quant skills?

z3ncyberpunk 7y ago
By not working for banks
- flixic 7y ago
  I am not working for a bank, and this lack of work so far did not contribute to me gaining quant knowledge. I don't think your advice is very useful.
  - paganel 7y ago
    Not the OP, but he/she was probably suggesting that acquiring "quaint skills" is not the best use of her/his time for a person curious enough about acquiring "quaint skills", it's like warning someone "don't go down that dark alley, it's not worth it".
    - throwaway100773 7y ago
      I’ll speculate as well. The op is saying that the banks want quant skills but don’t have them. Therefore you need to acquire them somewhere else since the banks are lacking these skills.
    - throwawayhhakdl 7y ago
      I think you’re misreading the word “quant” and coming off with a very different understanding of subtext here.
      - paganel 7y ago
        Could be, generally speaking is difficult to get the right subtext from just a couple of sentences.
  - turk73 7y ago
    Perhaps take a step back and think about your worth in this life and maybe try to do something more useful than "make money."
bradleyjg 7y ago
A friend of mine started in the industry right of school with a CS degree but then got a masters in financial engineering at night a few years in.
- turk73 7y ago
  "Financial Engineering" ugh. What an awful term. Someplace in the Midwest another formerly solvent father of three takes an overdose of Fentanyl just to end it because of "financial engineers."
sjg007 7y ago
Learn math, stats, probability.
TrackerFF 7y ago
(Given that you've taken the calc 1-3 + probability and stats 101) - Linear Algebra - Numerical Methods - Stochastic processes - Time series analysis - Mathematical Optimization - Multivariate statistics - Statistical inference - Computation intensive statistics - (Machine Learning) - (Differential Equations) - (Mathematical Methods and modelling) On top of that, some decent knowledge in scripting and programming. Pretty much any decent Statistics or Applied Math program will provide you with a good foundation of quant jobs.
wayoutthere 7y ago
CS or math masters followed by a masters in computational finance. Most quants are hired right out of these computational finance programs -- which, unsurprisingly, are some of the most difficult programs in the world to be accepted into as you're competing against people from across the world with masters or PhDs in mathematics. Salary ranges are ridiculous; at the school I went to for an MBA it was not unheard of for signing bonuses in quant finance to top $500k (and that was a decade ago).
endothrowho333 7y ago
You're better off getting the up-to-date scoop from people that are active in the industry: https://wallstreetoasis.com/ https://wallstreetoasis.com/ https://forum.wilmott.com/ https://forum.wilmott.com/
- auntienomen 7y ago
  Those are principally forums for people who would like to work in the industry. Take with a grain of salt.

z3ncyberpunk 7y ago

By not working for banks

flixic 7y ago
I am not working for a bank, and this lack of work so far did not contribute to me gaining quant knowledge. I don't think your advice is very useful.
- paganel 7y ago
  Not the OP, but he/she was probably suggesting that acquiring "quaint skills" is not the best use of her/his time for a person curious enough about acquiring "quaint skills", it's like warning someone "don't go down that dark alley, it's not worth it".
  - throwaway100773 7y ago
    I’ll speculate as well. The op is saying that the banks want quant skills but don’t have them. Therefore you need to acquire them somewhere else since the banks are lacking these skills.
  - throwawayhhakdl 7y ago
    I think you’re misreading the word “quant” and coming off with a very different understanding of subtext here.
    - paganel 7y ago
      Could be, generally speaking is difficult to get the right subtext from just a couple of sentences.
- turk73 7y ago
  Perhaps take a step back and think about your worth in this life and maybe try to do something more useful than "make money."

bradleyjg 7y ago

A friend of mine started in the industry right of school with a CS degree but then got a masters in financial engineering at night a few years in.

turk73 7y ago
"Financial Engineering" ugh. What an awful term. Someplace in the Midwest another formerly solvent father of three takes an overdose of Fentanyl just to end it because of "financial engineers."

sjg007 7y ago

Learn math, stats, probability.

TrackerFF 7y ago

(Given that you've taken the calc 1-3 + probability and stats 101) - Linear Algebra - Numerical Methods - Stochastic processes - Time series analysis - Mathematical Optimization - Multivariate statistics - Statistical inference - Computation intensive statistics - (Machine Learning) - (Differential Equations) - (Mathematical Methods and modelling) On top of that, some decent knowledge in scripting and programming. Pretty much any decent Statistics or Applied Math program will provide you with a good foundation of quant jobs.

wayoutthere 7y ago

CS or math masters followed by a masters in computational finance. Most quants are hired right out of these computational finance programs -- which, unsurprisingly, are some of the most difficult programs in the world to be accepted into as you're competing against people from across the world with masters or PhDs in mathematics. Salary ranges are ridiculous; at the school I went to for an MBA it was not unheard of for signing bonuses in quant finance to top $500k (and that was a decade ago).

endothrowho333 7y ago

You're better off getting the up-to-date scoop from people that are active in the industry: https://wallstreetoasis.com/ https://wallstreetoasis.com/ https://forum.wilmott.com/ https://forum.wilmott.com/

auntienomen 7y ago
Those are principally forums for people who would like to work in the industry. Take with a grain of salt.