Quant Career Progression

แชร์
ฝัง
  • เผยแพร่เมื่อ 26 ธ.ค. 2024

ความคิดเห็น •

  • @alicebobson2868
    @alicebobson2868 2 ปีที่แล้ว +11

    in all honesty i thought that getting to the top i would be respected and be like this genius god like human being, i needed this reality check vid, and im still in uni, thanks dimitri on the informational video thats actually truthful and useful!

    • @DimitriBianco
      @DimitriBianco  2 ปีที่แล้ว

      Thanks for being a part of the channel!

  • @dual-blade-main
    @dual-blade-main 2 ปีที่แล้ว +6

    Thank for this video. I am working in a bank as risk analytics model developer, and I am facing exactly the same problem. I chose analytics because I love it, love how science combined with data tech could solve many problems elegantly. But somehow our career system (or should say, our society) doesn't really value tech people. No matter what I am doing now, non-tech? tech? data analyst? data scientist? doesn't really matter, once I stayed long enough in this career system, they just force me to make a decision: promote to management OR leave. And as you pointed already the former option - means I will let go all my tech skills. My daily job will become pure meetings, admin, coaching juniors, budgets.
    Man this is really hard I hate it.

  • @ClassicRevive
    @ClassicRevive 3 ปีที่แล้ว +2

    Great video! I hope everything works out well for you career wise

  • @yusufakbulut3196
    @yusufakbulut3196 3 ปีที่แล้ว +2

    You recently had a video about trading is not quant job or something similar. Can you elaborate that a little more? Can quants would not make a good trader?

    • @Capitalust
      @Capitalust 3 ปีที่แล้ว +1

      This

    • @dangkhoatrannguyen6734
      @dangkhoatrannguyen6734 3 ปีที่แล้ว +1

      Hi I think I can help answering this. Here Dimitri kinda assumed that you have the knowledge of the industry so he wasnt clear as you hope. But he didnt say that quants cant make good traders. Just to be clear, in the industry we dont use only the word “quant” as you use it. We have quant researchers, who build models and use math/ stats, which is the closest to your definition of “quants”. Then we have quant developers, who arent necessarily good at math but have to be really good at programming to implement the model that those quant researchers came up with. And finally we have quant traders, who use all those tools created by the other two, to trade. So trader in Dimitri’s idea is this quant trader. They dont necessarily as good at math as the quant researchers, or at programming as the quant developers. But they have to have good intuition to make quick judgements on the market by using those tools. Now there are people who are good at all 3 of those jobs, which Dimitri called full stack quants. But these people are extremely rare to recruit. Now if you interview for quant researcher (like me), companies will ask a lot about math, from basic stats, brain teaser, to stochastic cal, etc basically everything under the sun. For quant developer, they will ask a lot about programming, similar to those tech interviews by FAANG companies. For quant traders, they will ask a lot if mental math, brain teasers, or even trading simulation to test your intuition. Hope this helps!

    • @dangkhoatrannguyen6734
      @dangkhoatrannguyen6734 3 ปีที่แล้ว

      P/s: of course quant researchers can be good traders, by understanding all the assumptions of their models, but this will also requires them to pick up quick thinking skills, something that is kind of hard to do because specialization in big firms and unnatural for people like me :) I just prefer to take my time and think methodologically, so naturally quant researcher position fits me more

    • @DimitriBianco
      @DimitriBianco  3 ปีที่แล้ว

      This video might make it a bit clearer. In general the skills are very different. Firms want true experts in one area as they know how impossible it is to find someone who can do it all.
      th-cam.com/video/q6roNlVWW1w/w-d-xo.html

  • @oaasal
    @oaasal 3 ปีที่แล้ว +1

    Would you share your tips for interviewing a quant position?

    • @DimitriBianco
      @DimitriBianco  3 ปีที่แล้ว +2

      For an interviewer or interviewee? I mention how I interview in the video below on finding a job.
      th-cam.com/video/UXPnq5NTRY8/w-d-xo.html

  • @alexander255110
    @alexander255110 3 ปีที่แล้ว +1

    Are there high level / senior IC'S in finance? In tech, grads start at IC 4 and can go up to IC 8 or 9. IC 5 or 6 is equivalent to a junior manager

    • @DimitriBianco
      @DimitriBianco  3 ปีที่แล้ว

      For banks, no. For hedge funds I've heard of a few but it doesn't sound very common. I really wish quant finance was structured more like tech for individual contributors.

  • @simplylost3181
    @simplylost3181 3 ปีที่แล้ว +1

    Im a 2nd year finance student, should i drop out from the finance program since its almost impossible for university here to allow us to switch program? I understand it will be hard for me to catch up if i were to get an MFE since finance program dosent prepare us to make the jump.

    • @DimitriBianco
      @DimitriBianco  3 ปีที่แล้ว +1

      If the costs (money, opportunity, time) are too high to switch you can always finish the finance degree and then apply to a business version mfe. I'm not a huge fan of them due to the lack of rigor however you can self study to get a better degree overall. Employers will also like seeing the mfe regardless of the school and you'll have a solid knowledge base. It's a tough road but possible.

  • @josephbenjamin751
    @josephbenjamin751 3 ปีที่แล้ว +1

    I'm currently doing a masters in financial analystics with the modules covering most of the job requirements I've seen for a quant. When applying for jobs do you reckon they would skip on my resume because of my degree title

    • @litical3719
      @litical3719 3 ปีที่แล้ว +3

      From the other videos I’ve watched of him, they will be more likely to reject your resume, but ofc they’ll be some that won’t ( most likely smaller firms ). He’s said that your best bet is to have some math master/PhD because quantitative finance is way heavier in the math department than regular finance. so you’d want a math degree ( physics,statistics,etc) or specifically a quantitative finance degree. So I’d switch if you specifically want a quantitative position, but it wouldn’t be impossible to land a quantitative job jus more difficult than if you had a math master/PhD.

    • @litical3719
      @litical3719 3 ปีที่แล้ว +2

      He’s also said that academics will never prepare you for a quantitative job, in reality they just get you to the front door of the library that’s quantitative finance. Because actual irl quantitative problems require outside the box non academic solutions.

    • @josephbenjamin751
      @josephbenjamin751 3 ปีที่แล้ว +1

      Thank you, at the moment I'm nearly finished the degree and currently thinking of starting a few projects before I go job searching. I guess my CV has to be as stacked as possible to get in. Any recommendations on projects to get started on.

    • @DimitriBianco
      @DimitriBianco  3 ปีที่แล้ว +1

      Litical has provided a good answer. It's possible to land a quant job but you'll really need to highlight the skills you have that directly line up with the job posting and the skills it would require (most companies don't list all the needed skills).

    • @josephbenjamin751
      @josephbenjamin751 3 ปีที่แล้ว

      @@DimitriBianco thank you

  • @satoshinakadashi
    @satoshinakadashi หลายเดือนก่อน

    this sounds like the same dilemma that every other industry has