Thanks! I'll try and create more of it. I know it won't get a lot of views but these are the sort of topics that come up in interviews. Someone recently asked what the difference between quantitative and qualitative models were. There are actually jobs for qualitative model development which many find odd.
Thanks for the amazing video. Can you make one on how this is different on the Fintech side instead of the banking side? I believe you are working in Fintech now right?
hey Dimitri. I need some career advice. kind of in an overthinking slump. It would be great if you could help me out- I am a finance undergrad with a year of experience in auditing at one of the big 4s. I am looking for a career shift toward a more quantitative field. I have done my research for financial math and engineering masters, where some of them do require a math/stats background and some don't. my questions are - 1. Would an undergrad level of math be sufficient to do well in a FinMath master's? I have done little maths in undergrad (Linear alg and PDE Basics) and hence I don't want to burn myself out in the master's program. 2. If I do a Finmath master, what type of work opportunities would be suitable considering my background (not math intensive). should Risk management be of my target work roles? Thanks
I would look at quantitative finance masters as a whole. Finmath is just one name for quant masters. I would research the programs to see where their graduates are working after the program. The only area that is typically super math heavy is sell side financial engineering. These jobs are rare today though. There are many opportunities for those not super math heavy on both the buy side and the sell side.
Hi Dimitri, thanks for sharing all of your knowledge on quantitative finance. Would you be able to share your thoughts/experiences on garden leave/non-compete agreements in finance? I was looking at a couple of quant researcher roles online and a lot of current employees are saying that they have garden leave/non-compete for a period of time after leaving their current firm. Is this only for buy-side firms or is prevalent on both sides of the market (buy & sell)?
It's really a buy side thing. I have one now that I'm in fintech though. When people think they have proprietary information that gives them an edge they'll have a non-compete. They are usually very specific to an area meaning you can jump into another area. For example, you might work in equity but leave and work in commodities.
Dimitri, I’m a newly grad on a validation team and I have deep concerns about my team’s practices. I’m not experienced in finance and I only have a bachelors. I feel this does not give me credibility and falsifies my concerns. Any advice?
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Dimitri, thanks for all the educational content that's not in textbooks. very valuable stuff!
Thanks! I'll try and create more of it. I know it won't get a lot of views but these are the sort of topics that come up in interviews. Someone recently asked what the difference between quantitative and qualitative models were. There are actually jobs for qualitative model development which many find odd.
Sir, your videos just get better and better every week. Please keep it up !!! I love the contents !!!
Thanks for the amazing video. Can you make one on how this is different on the Fintech side instead of the banking side? I believe you are working in Fintech now right?
This is exactly what I am currently implementing at the fintech firm. I'll probably make more videos like this as I set up the risk team I'm building.
hey Dimitri. I need some career advice. kind of in an overthinking slump. It would be great if you could help me out-
I am a finance undergrad with a year of experience in auditing at one of the big 4s. I am looking for a career shift toward a more quantitative field. I have done my research for financial math and engineering masters, where some of them do require a math/stats background and some don't. my questions are -
1. Would an undergrad level of math be sufficient to do well in a FinMath master's? I have done little maths in undergrad (Linear alg and PDE Basics) and hence I don't want to burn myself out in the master's program.
2. If I do a Finmath master, what type of work opportunities would be suitable considering my background (not math intensive). should Risk management be of my target work roles?
Thanks
I would look at quantitative finance masters as a whole. Finmath is just one name for quant masters. I would research the programs to see where their graduates are working after the program. The only area that is typically super math heavy is sell side financial engineering. These jobs are rare today though. There are many opportunities for those not super math heavy on both the buy side and the sell side.
Hi Dimitri, thanks for sharing all of your knowledge on quantitative finance. Would you be able to share your thoughts/experiences on garden leave/non-compete agreements in finance? I was looking at a couple of quant researcher roles online and a lot of current employees are saying that they have garden leave/non-compete for a period of time after leaving their current firm. Is this only for buy-side firms or is prevalent on both sides of the market (buy & sell)?
It's really a buy side thing. I have one now that I'm in fintech though. When people think they have proprietary information that gives them an edge they'll have a non-compete. They are usually very specific to an area meaning you can jump into another area. For example, you might work in equity but leave and work in commodities.
love the content
Thanks!
Can you do a video on backtest/overfitting perhaps and some tests to identify overfit models? Thanks
Dimitri, I’m a newly grad on a validation team and I have deep concerns about my team’s practices. I’m not experienced in finance and I only have a bachelors. I feel this does not give me credibility and falsifies my concerns. Any advice?
A video response will be coming soon.