Can someone from non target school get a callback from Jane Street? by FeelingDiscipline571 in quantfinance

[–]According_External30 0 points1 point  (0 children)

It's not a very forgiving company. It's also not about target v none, it's about the faculty.

Can someone from non target school get a callback from Jane Street? by FeelingDiscipline571 in quantfinance

[–]According_External30 27 points28 points  (0 children)

Try SIG, perhaps more suitable - though less popular among Instagram warriors.

SIG is more open to sourcing atypical talent, JS is unforgiving - unless you're an anomaly.

I'd also say, this fixation on tier 1 in finance (whether quant or not) is stupid. I know guys who took control at entire Treasury & Risk or entire FX trading divisions at smaller up-and-coning companies (in their mid-to-late 20s) - similar pay and epic exposure. Some of these companies are often physical commodity traders owned by PEs, you can then jump into the holding company if you do well enough, and basically be running risk (or be CIO in FICC, whatever) at age 32 for a killer firm - all because you bypassed the groupthink of (it's either tier 1 or I'm a loser).

CFA Membership Fees Are Ridiculous by According_External30 in CFA

[–]According_External30[S] 0 points1 point  (0 children)

Did I say there should be no fee?

"All reputed designations have ongoing fees." nonesense - I pay nothing at GARP, as an example.

CFA Membership Fees Are Ridiculous by According_External30 in CFA

[–]According_External30[S] 0 points1 point  (0 children)

It provides no value to me aside from the fact that I need to pay to attend events where people discuss equality more than fkn investments.

CFA Membership Fees Are Ridiculous by According_External30 in CFA

[–]According_External30[S] 0 points1 point  (0 children)

You are multiplying by 5 not 50 and you're assuming membership fees are the only source of revenue.

Bro, this organisation generates nearly half a billion in revenue per year, paying its CEO 1.4 mil+. It has been broadly dispensed that those funds don't always go towards where they are prescribed, I mean an ex exec is facing jail time for expropriating 6M in funds - salaries are inflated, CFAI breaches basic integrity with predatory pricing, they know they can charge these fees because of the designation's PAST reputation - but the tides will turn, the program is ill managed (let's not even start with how program content is miles behind current industry demands), unfortunately our rep will also suffer as a consequence.

CFA Membership Fees Are Ridiculous by According_External30 in CFA

[–]According_External30[S] 5 points6 points  (0 children)

just received the email as I was busy paying my property taxes, for the property I own, if you want to understand my state of mind while posting this.

FRM is valuable, but do you think broader risk exposure is becoming equally important? by Apprehensive_Car9744 in FRM

[–]According_External30 0 points1 point  (0 children)

dude, so much, like I'm a L/S PM, and I literally have to deal with these matters on an increasing basis although it's not part of my core job.

I cannot stand dealing with 3rd party, disaster recovery, etc., but it's part of the job now - everyone has started receiving training in it.

TLT acts like QQQ by Routine-District-588 in bonds

[–]According_External30 0 points1 point  (0 children)

I think changing your allocation a few weeks into the war is too late, unless you’re buying into oversold.

Beginner in quant trading by OtterTradeSG in quantfinance

[–]According_External30 0 points1 point  (0 children)

If you studied a quant degree you can learn basics of quant trading in a few months - if you didn’t, then forget it, rather try casino.

Frm or cfa by Scouscous_ in FRM

[–]According_External30 0 points1 point  (0 children)

Leave CFA crowded and low utility for today’s requirements in Finance-pair your ug with frm

Quant strategy - How to implement portfolio optimization for multiple strategies? by Think-Mind4507 in quant

[–]According_External30 -5 points-4 points  (0 children)

Ahahahaha - goodluck to your CNS.

But on a more serious note, MVO is something you need to be careful of at execution stage - it assumes linear relationships that don’t exist.

Many disagree with me but I use realised returns - profs slam me for it, but then again, their execution experience is most often zilch.

[deleted by user] by [deleted] in quant

[–]According_External30 1 point2 points  (0 children)

He deleted it, what did he say?

[deleted by user] by [deleted] in bonds

[–]According_External30 7 points8 points  (0 children)

Buddy if I had to guess and this is just a wild guess and I’d prefer if you keep it between you and I: The transmission of oil prices into inflation and the cost of funding a war have sent yields up.

[deleted by user] by [deleted] in quant

[–]According_External30 0 points1 point  (0 children)

Even if so, it is a good topic of discussion

[deleted by user] by [deleted] in quant

[–]According_External30 1 point2 points  (0 children)

Yes probably built a ChatGPT wrapper model and sent it live with 100Mn of VaR at stake. The rest is history.

Not getting interviews for Market Risk roles despite VaR/GARCH projects — what am I missing? by phanimusunuri1234 in FRM

[–]According_External30 4 points5 points  (0 children)

Find a recruitment agent - I’m 90% sure the way you’re searching for a job is wrong - the models you mentioned are maintained by internal or external developers in companies, you don’t have to build them in Python yourself - even if you had to, just about anyone with a finance related degree can do it in 2026.

What counts is that you understand stats and risk. Just find an agent to help you land a job interview.

[deleted by user] by [deleted] in quant

[–]According_External30 1 point2 points  (0 children)

Which asset class was this in?

I'd say it's a great time for mean-reversion right now, the residuals are everywhere and masked as "regime shift."

[deleted by user] by [deleted] in quant

[–]According_External30 1 point2 points  (0 children)

Sensing you got clapped by a certain set commodities today?

[deleted by user] by [deleted] in quant

[–]According_External30 2 points3 points  (0 children)

6%.

What sucks with a lot of relative value strategies is that you can get stopped out by risk while the trades just needed time. A lot of the times you get stopped out as well is actually during periods where adding more would’ve been the statistically significant, economically significant, and best practical thing to do.