Quant researcher reddit OP, also would reccomend Robert Carvers blog, interesting stuff Source: am a quant in an investment bank. The exposure of negotiations can lead to more interesting human work down the line. Obviously if you have an offer to go and be say a quant on the pricing team at an options firm, there’s a bunch of stuff you should go and look at From what the folks on r/quant say, it’s different in that it’s more of an academic environment. This is usually a more theoretical role that requires an advanced degree in Math, Stats, CS, Physics, etc. . In terms of preparing for a generic role as a quant. my team has a very high success rate. Plusses it’s interesting and you learn a lot more. Jan 10, 2025 · Undergrad at Georgia State with sub 3. 0 GPA means quant trading is pretty much impossible to recruit for. my research has been pretty impactful and I'm very good at designing research plans for my juniors. Prestigious, respected. Academia was and continues to be getting more competitive at every stage of the process: increasing hiring/tenure standards without the compensation to match. 80000 hours quant trading guide: a pdf giving an overview of quant trading (not quant research or quant dev). Research quant tries to invent new pricing approaches and sometimes carries out blue-sky research. Overall, the work is generally enjoyable. Any quant in asset management likely needs in-depth portfolio theory and regression for example but not any SDEs. By "quant" I mean quant research roles, which has very little overlap with "quant trading" or "quant dev" (sometimes these roles are mislabeled; a "quant trader" at Tower is actually a quant researcher). Dec 26, 2024 · With an MBA from Stern you should have no issue getting in, although I’m not super sure about the recruiting process as I work in quant research. Would recommend messaging some Stern Alumni in equity research and their opinions will probably be better than most of us here. It’s super varied, every firm has their own flavour on the role and on the kinds of models, techniques and assumption that are in play. I honestly wouldn’t recommend anything reading wise. I’d imagine it’d be the same for Internships as well. /r/MCAT is a place for MCAT practice, questions, discussion, advice, social networking, news, study tips and more. Nothing goes to our traders. Quantitative research is real data science to me Quant research interview guide: an interview guide for quant research (not quant trading) roles. Point being what you have is the union of quant knowledge and any one quant likely doesn’t use allll of those things. Quant finance seemed like the best option as a field that could compensate well and also valued research ability. There is a lot of overlap between quant trader and quant researcher though, and where exactly the roles differ changes a bit from firm to firm. Dec 23, 2024 · The one advantage of quant stuff, as the work is very technical; the pay can scale very high. Quant Researcher/Trader: $400k - $5M Quant PM: $1M - $20M. Climb the SWE ladder, get very good at OS, Networking, and Algorithms, maybe pick up some C++ experience and some good names under your belts, then go into hedge funds / buyside quant firms as a quant dev. But you'll also always be locked in as the quant. Headhunter and HR department are expecting candidates to have extensive experience, either in academia, or in professional in quantitative Of course it depends on firms and teams but there are great chances that as a quant researcher you will read / write well designed code, for that it's important to know about the language you'll use and DSA because they show up everywhere. Quant researchers are very much so just pure math or stat phd holders who take their academic research to the real world and apply it to finance. If you are really set on quant trading, it’s still possible. In general, a QR will build models modelling the market, economics, individual assets, trading strategies and pricing derivatives etc. Data scientists can be in similar roles, but some data scientists are more business focused. I am aware of PMs getting paid +$50M in the most successful teams Quant Developers: $300k - 1M Over the past few years, comps have increased substantially due to the increased market volatility. The MCAT (Medical College Admission Test) is offered by the AAMC and is a required exam for admission to medical schools in the USA and Canada. When I complete my degree I may consider applying to quant roles but at that point my interests may change and I may go into some other industry. Quant work is like being a surgeon with numbers. Researchers are responsible for developing trading strategies. Quant Research rarely hires undergrads. Still get compensated quite well (this year, Jane Street and HRT offered 375 year one to their devs, and Cit offered 380 as a return offer, though 150 of it is a signing bonus) and have much more stability to boot. I am interested in SIG or other quant shops but am relatively foreign to that side of the business. Tips on recruiting for quant trader roles: see title. Note that an 80 page version of this pdf used to exist, but it seems to have been Quant Researcher/Quant Research Analyst/Quant Analyst: Analyst appears to be a legacy term from the days when most quant teams were inside of investment banks. The #1 social media platform for MCAT advice. Citadel made 28B gross last year, and returned investors 16B net of fees. 20% of Citadel's investors are employees, possibly more (and the amount invested in the fund grows disproportionately with seniority/role), so in total citadel staff and board made 12B fees + 20% of 16B ≈ 15B. Beyond that, They don't pay me anywhere close to my value, given how much I've made the firm (my group has made the firm over 1bn and just my IC work makes investors a couple hundred mm per year). Minusses sometimes hard to justify your existence. You won't be the negotiator. But it’s mainly just cause data science jobs are literal dog shit and don’t actually translate to what “science” is with data. Could somebody help compare and contrast the Quant Researcher vs Quant Trader roles at a shop like SIG in terms of underlying skill set, workflow, career progression and ultimately comp? Thank you!. QTs take this I’m SS quant researcher (or strategist as some banks call it) at a BB a couple things stand out: we sit in research (Equity Research) we publish our alpha models/research/apt data sets for buy side clients to use. Jan 9, 2021 · Quant devs on research teams can sometimes implement strategies that researchers are working on. Traders at banks can’t take discretionary risks so can’t really use our alpha models. ewjwy wfwpoj reb likqb xud xbdq mawbe zncvoosg xpe dunp cuxrg zmp wflvn fwft wisejv