"The financial industry has long been populated with far too many lazy, incompetent people with Ivy-league degrees and egos." Lazy!?! Investment bankers tend t

"The financial industry has long been populated with far too many lazy, incompetent people with Ivy-league degrees and egos." Lazy!?! Investment bankers tend to be douchebags, but they put 90-100 hours per week, 50 weeks a year. Sure, there's a lot of face time to be put, too... but "lazy" is not the word. I get the impression you don't even know what you're talking about. There are many areas in the financial industry: investment banking, trading, risk management, insurance, private equity. These areas attract all sorts of people, with all sorts of academic backgrounds and personalities. Traders are completely different beasts than, say, investment bankers. "That being said, 90% of the "quantitative finance" world was and still is utter nonsense that legitimately drains other fields of technically savvy people, so it will be good to see them in other places." Nonsense. There are simply not enough positions in academia and industrial research labs for all the Math, Physics PhD's out there.