Tag Archives: University

Why a University PHD could be a waste of time for your quant career path to investment bank or hedge fund

Why a University PHD could be a waste of time for your quant career path  to investment bank or hedge fund

Read this:

https://quantlabs.net/blog/2013/11/is-this-the-future-of-the-financial-services-and-trading/

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Institute of trading

pg 11

Machines replaced human beings for market making

p 12 investment banks down 80% over 12 years ago

p13 funnel 3000 in operations vs 100 real traders in typical banking/Hedge fund environment

p19 warning reality for university students 80k in debt living month to month in jobs they don’t like

p20 senior traders make 300k while best in IB are in HFs, race to zero thanks to competing algos pt 4, you must learn basic trading and portfolio management with basic programming . pt 5 deal with realities to folllow the money which is your job as a trader anyways

p21 10,000 applicants for each junior trading positions that makes $18/hr after, only 20% make it to net level being in sausage grinder for 2-3 years, senior managers and junior managing directors in 5 year lock in period with resignation period (they literally got you by the balls)

p23 shows $18/hr as financial analyst contract (can you say sucker after your high cost education)

p24 sums it up

p25 USB headline

p29 last point, better off to trade your own money

p31 play with Excel spreadsheet

 

 

 

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!

Birbeck University could have some excellent professors for those who want to do quant

From my quant friend in London. He went to this school so he feels these a very good profs with some neat course for math to be applied to industry

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http://www.ems.bbk.ac.uk/faculty/geman/

http://www.helyettegeman.com/cv.html

http://www.ems.bbk.ac.uk/faculty/brummelhuis/

http://www.ems.bbk.ac.uk/faculty/baxter/

http://www.ems.bbk.ac.uk/for_students/msc_finEng/pricing_emms014p/index_html

http://www.ems.bbk.ac.uk/for_students/msc_finEng/math_methods

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!

Are you aware of the BIG DATA (D2) University to learn quant analytics?

Are you aware of the BIG DATA (D2) University to learn quant analytics?

If you are great, if nto it is a great beginners, adn intermediate FREE technical resource. I am not promoting it, I am simply stating that is is a good nuts and bolt from the ground up resouce that may want to be considered.

 

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Big Data University? Meaning IBM’s stuff or something different?

Sorry, but Cloudera’s site contains a lot more out there.

 

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As I said I am not promoting anything just ensuring awareness.

feel free to add the link for Cloudera or should I ask Chris Pendergast at CLoudera to add the links?

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Well then you can also talk about MapR, HortonWorks, ThinkBigAnalytiics, EMC and a whole slew of folks… (Note when I typed it, my Mac changed my typo of folks to fools, so maybe my mac knows more than I do? 🙂 )

In terms of resources, if you have a question, there’s always Google and the Apache Hadoop web site.

 

 

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!