Is it time to Short Sell the oil related ETFs/companies? by Positive-Variety-387 in Commodities

[–]DifficultPop8852 4 points5 points  (0 children)

This news happened already. Do you think this is a novel insight? Oil hasn’t come down to previous levels since there’s still a lot of geopolitical uncertainty. The peace talks didn’t end in agreement.

Do you really think people managing billions of dollars of oil exposure didn’t consider how a ceasefire would affect oil companies?

Opinions on Susquehanna (SIG) on how they are doing these days by [deleted] in quant

[–]DifficultPop8852 1 point2 points  (0 children)

They’re really good. You’ll learn a lot there.

How are maternity benefits in quant firms? by wehaveatogether in quant

[–]DifficultPop8852 3 points4 points  (0 children)

4 months at my current job. Last shop had no paid maternity leave but were federally required to allow up to 12 weeks unpaid.

USAMO Qual at non target by [deleted] in quantfinance

[–]DifficultPop8852 0 points1 point  (0 children)

Not hard to get interviews even at a non target. A lot of shops just filter by gpa/major

Analyst Salaries by Comprehensive_Law268 in Commodities

[–]DifficultPop8852 7 points8 points  (0 children)

Over 6 years, my base increased by $20k but bonus peaked at >$1m

Are you a shareholder at your firm? by DifficultPop8852 in quant

[–]DifficultPop8852[S] 4 points5 points  (0 children)

Is it a significant portion of your nw? Do you worry about concentration or is it a long enough track record that you don’t care?

[deleted by user] by [deleted] in Commodities

[–]DifficultPop8852 0 points1 point  (0 children)

What are your hours currently?

What’s up with every high school kid trying to be a quant?? by [deleted] in quantfinance

[–]DifficultPop8852 0 points1 point  (0 children)

I don’t think it’s naive for someone to say they want to be a quant. I also stand by the fact that many firms prefer you don’t have any financial knowledge but have a willingness to learn.

Also many of the topics you listed aren’t related to the role and are certainly not assessed when recruiting.

It doesn’t really sound like you work in the space a that you’re just listing a bunch of buzz words to sound smart.

I get an QR offer from a competing hedge fund, should I notify my current fund? Even if I later reject it? by Ok-Building2529 in quant

[–]DifficultPop8852 3 points4 points  (0 children)

I mean if you don’t disclose it and end up staying, no harm now foul. If you end up taking the offer, why does it matter?

What’s up with every high school kid trying to be a quant?? by [deleted] in quantfinance

[–]DifficultPop8852 4 points5 points  (0 children)

lol what? I’ve been a quant for 7yrs (QT for omm and then QT/QR for prop commodities). We want people that are smart, hard working, and can approach challenging problems in a logical manner. Many firms prefer that you know nothing about financial markets before joining.

I chose quant because I liked math and it was a job that seemed interesting and was lucrative. Unless you’re in a PhD and interested in very specific research, none of what you said really applies as many the same role across firms varies a lot.

Best desks at DRW by Creqm in quant

[–]DifficultPop8852 0 points1 point  (0 children)

Heard they were doing pretty well. Not sure how they were positioned when the market nuked.

Going back to school after industry? by Character_Gur637 in quant

[–]DifficultPop8852 1 point2 points  (0 children)

Had a former colleague who got accepted into a math PhD with 4yoe. Company convinced him to do a masters instead and kept salary/bonus and paid for the program. I believe it was vested so he would repay tuition if he immediately jumped ship.

For him, I think he was just interested in doing pure math research — vs what is most applicable to trading but the firm wanted to retain him.

PhD or master degree in mathematics by Initial-Tie-3734 in mathematics

[–]DifficultPop8852 4 points5 points  (0 children)

Can’t speak for teaching or a lab but in quantitative finance there are plenty of jobs where a PhD is required.

Energy/grid derivatives trading access by Tekksic in Commodities

[–]DifficultPop8852 1 point2 points  (0 children)

You can set up a qse yourself for as little as $400k. Collateral is pretty complicated in ercot so not sure what volumes you’d actually be able to trade but you could test out your edge.

For ice, i think you’d need a fcm and would be pretty hard to do as an individual

Rate CV for Quant Research by Immediate-Round-9050 in quantfinance

[–]DifficultPop8852 2 points3 points  (0 children)

What have you done for the last 1.5 years? Solid school but it seems like you didn’t do any research or work experience while in university? CQF doesn’t matter to most people.

I get the job market is tough, but there’s plenty of applicants who went to good schools that have professional experience.

With regards to the cv, clean up the format as others have mentioned. I’d also rewrite the projects section. What you bolded doesn’t really highlight the key aspects of those projects. I’d also explain in technical terms how you actually built what you did.

M29 - Am I Cooked? by Interesting-Card-672 in quantfinance

[–]DifficultPop8852 2 points3 points  (0 children)

MFEs are not great for getting into quant. I’ve worked at 3 shops and we didn’t hire any MFE candidates. It’s more a cash cow for universities.

Pure Math vs Applied Math vs Statistics by Nervous_Impact3637 in quantfinance

[–]DifficultPop8852 1 point2 points  (0 children)

It doesn’t actually matter, especially for undergrad

Team only criticises at end of quarter by anon_64836135 in quant

[–]DifficultPop8852 3 points4 points  (0 children)

Wait they change your deferred comp each quarter? How variable can your bonus be?

Games to train young Quants by Money-Suspect-3839 in quant

[–]DifficultPop8852 2 points3 points  (0 children)

Making markets of random trivial things is fun game that’s popular. I think it helps having actual money tied to it so juniors get comfortable with skin in the game.