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What's the best way for someone doing and ML and optimisation PhD to get into quant research/Trading? I've been playing with paper trading, trying to use creati
by igorkraw 5y ago
What's the best way for someone doing and ML and optimisation PhD to get into quant research/Trading? I've been playing with paper trading, trying to use creative data sources to find alpha and algotrading micro amounts of Cryptos for a while now and am seriously considering doing this for my post PhD life if I can't find a nice tenure track (a complication is that I do not want to leave Switzerland until I have citizenship here, so any advice or introductions would be very appreciated!)
- melony 5y agoGet an internship at a reputable prop shop or hedge fund (that specialize in quant finance). There are plenty in Switzerland.
- bravura 5y agoAren't they going to impose a strong non-compete agreement on you, so that once you've actually learned something you are handcuffed to them?
- auntienomen 5y agoYou can't really impose strong non competes on interns. You don't show them the good stuff either. Just enough to get/give an impression for later recruiting.
- Galanwe 5y agoAs mentioned in comments, it's pretty rare to give a strong non compete to interns. But interns aside, the whole industry is built around these competes, so mechanism are in place to circumvent them. Some HF will happily buyback the non compete, some will offer a welcome bonus to compensate, some will be ready to wait, some will make an offside deal with the departing company, etc.
- igorkraw 5y agoDo you have a list/advice to find them? I only found a few with offices in Switzerland, and not being in the industry I don't fully trust my judgement of what is "reputable"