fbpx

Awesome tips from CEOs and directors on how to get thriving Quant job!

(Last Updated On: September 10, 2010)

Awesome tips from CEO and directors on how to get thriving Quant job!

You got to like the guys over at QuantNet.com

These guys posted another good article for student of any quant-wannabees. This is posted on his site. Here are some highlights from CEOs and Directors at various New York based companies. These includes tips on how to get in to this lucrative career path. Here are some high lights:

Questions about what school you got:
• Partner: Depends on the skills of candidates, not depend on the programs.
• CEO: Honestly, I really have not focused on where they came from as long as it sounded nerdy and I’ve heard of it before.
MFE vs MS:
What I generally look for is the ability to think “outside the box” or be able to withstand the stress of a trading environment. I also look for candidates that can potentially turn into good “risk managers” on the desk. I also look for a sense of passion to learn and to continue expanding their knowledge base.
We need some one really can do the job and get the profit. But if you compare MS or MFE, I may choose MFE, but if you choose MS from MIT or a MFE from a university and I never heard about it,
Doesn’t matter to me. I look for high GPAs for one. It says that the candidate took school seriously, then I look for something special about the resume, like first place in Math Olympics etc. social things like class President not as interesting to me.

Technical::
• Partner: C++ VBA, Modeling skills.
• CEO: Good programming skills in R, Matlab, C, or C++.
Top 5 things they look for:
• MD 2:
1. Strong Communications Skills
2. Strong Mathematics
3. Strong programming skills
4. Ability to think out-side the box type of mentality.
5. Good interpersonal skills.Don’t really pay much attention to the brand name of the school they went to.
• Partner: Good Communication , passion,
• High GPA, tells me they took their studies seriously,
• “The Fit”, will the candidate fit in with the others in the group, or will he/she be too difficult to assimilate into corporate life,
• Past accomplishments and anything that took initiative,
• Charity work, or mentoring shows maturity and selflessness
• University is the last thing, although I notice that I’m kind of partial to places that I’ve been to. (but that shouldn’t really matter, as long as (1) is satisfied.)

Misconceptions:
WE DON’T CARE IF YOU HAVE A PRM/FRM/CFA THOSE REPRESENT MEANS AND NOT ENDS. It’s not. It’s the fast track to mediocre bucks combined with high stress and long hours. Do this if you find it inherently interesting

Last Words:
If you put it on your resume, be ready to explain it. I’ve dinged many people for stating they knew how to do Monte Carlo simulation, but who couldn’t tell me what a random walk was (for time series MC) or what a Gaussian Copula was (for a VaR or credit risk MC).
Show me why you are better than everyone else that has a resume and test scores that looks just like yours. Show me one thing that makes you unique in all the world of quants. Good luck!

More detailed tips at:
http://www.quantnet.com/quant-job-advice-from-wall-street-executives/?goback=.gde_90917_member_29184629
Another excellent article from QuantNet.com

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Subscribe For Latest Updates

Sign up to best of business news, informed analysis and opinions on what matters to you.
Invalid email address
We promise not to spam you. You can unsubscribe at any time.

NOTE!

Check NEW site on stock forex and ETF analysis and automation

Scroll to Top