As I am sure you are aware 2010 is proving to be extremely active and within the past month we have seen a huge hiring surge amongst almost all institutions globally. As a team we have continued to build upon our strong client base and are now key providers to over 70% of the world’s [...]
What Quants Don’t Learn at College
Emanuel Derman
Emanuel Derman says it is essential for the aspiring super-quant to overlay theoretical knowledge with pragmatic common sense.
For the past few months, I’ve been teaching financial engineering at Columbia University, where I’ve been struck again by the difference between what can be taught in school and what can be [...]
Circa $100,000 plus bonus and benefits
The top US Investment Bank, without doubt one of the most profitable and prestigious of it’s kind, known for it’s excellent employee culture and benefits, is seeking to hire a junior developer, with proficiency in either C++ or java. You will work in a team of very established technologist in [...]
Circa $150,000 plus very competitive bonus and benefits
Arguably one of the world’s most renowned and successful investment banks, is seeking to hire an exceptional and passionate C++ developer to join their growing global Automated Market Making desk in New York. The team is responsible for providing continue electronic markets for options on various exchanges and [...]
Brain teasers in a job interview generally show that the interviewer has
a) no clue about his technical/operational subject. If an interviewer is not able to judge whether a person is qualified for the job by having a good meeting, listening to his/her previous experience and the things he/she has done already in real live, it [...]
I think we all heard terrible stories about quant interviews where people were put in different kinds of unpleasant situations. For one reason or another – be that a desire to see person’s reactions under stress (that is a part of the job) or simply interviewer’s style, some employers behave quite obnoxious and arrogant – [...]
Computer Skills
C++, C#, Java, R, MATLAB, SQL, Perl, JavaScript
Mathematical Knowledge
Statistical regressions, quadratic/linear programming, probability theory, matrix algebra, Black-Scholes option pricing math, risk-neutral valuation, random walks/Brownian motion, interest rate/yield curve math, modern portfolio theory, Monte Carlo simulation, big-O algorithm analysis, Bayesian statistics, stochastic calculus, high-dimensional space, pattern classification/machine learning (linear discriminant functions, neural networks)
If you get [...]
The short answer – VBA skills are not required but may help you in your career.
Overall, quants are required to have multiple set of skills and technologies. The main function of a quant in the business is to develop and maintain financial models, do quantitative analysis. If you are working in a large organization in [...]
The answer is – I do not know. I do not have a statistics of quant employment at Wall Street.
Though I do believe that – yes, Ivy League grad quants get the best and highest paid jobs.
Why?
The reasoning behind is simple:
Factor 1: Proven record of excellent (top in the world) performance. If you were good [...]
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