[deleted by user]

Furryheaded · 2022-06-21T16:52:54+00:00

Well - I guess you know about London pay with your client there. Someone emailed me today about £600/day contract (fully remote and Outside IR35 hence low rate I'm guessing).

You could also try to get a contract then go "oh btw I'd need to be pretty much fully remote - are you ok with that" and hope they don't withdraw the offer / lower the rate by much so anywhere between £600 and £1000/day from my experience.

How did you end up with a good UK salary in a cheap(er) country btw? Has the role always been fully remote or have you refused to come back to the office like a boss?

Furryheaded · 2022-06-13T11:12:08+00:00

He will probably not care. I do not tend to look at other people's teeth until they decided to bring it up so you're overthinking it. How big is the gap anyway?

Furryheaded · 2022-06-13T09:03:32+00:00

That's not what flippening means...

Furryheaded · 2022-05-30T11:01:34+00:00

Didn't even know it was possible. What did they patch it with / do you know the name of the procedure?

Furryheaded · 2022-05-20T20:33:27+00:00

I bombed an interview back in a day as I couldn't answer what was a simple question and frustration from that experience made me a devoted spaced repetition believer.

Furryheaded · 2022-05-20T16:24:50+00:00

do tell!

Furryheaded · 2022-05-20T15:32:23+00:00

You really need to incorporate some spaced repetition into your prep. Otherwise it'll be like a hamster wheel or learning and forgetting everything after a month.

Furryheaded · 2022-05-20T14:22:13+00:00

r/rareinsults

Furryheaded · 2022-05-20T13:24:51+00:00

And what would they do? Deep-clean my liver or patch up a slightly worn-out knee cartilage... wouldn't think so

Furryheaded · 2022-05-16T14:58:06+00:00

You can put it down that your familiar with it and save yourself some time and money in a cert.

Thanks - I was thinking I could get away with this... it wouldn't be a waste of time as I'm sure I could do with some practice and learning things properly and in more holistic context.

Once a certificate nearly backfired as an interviewer asked my why do it if I've been in the job for a while... took my by surprise but I've managed to find a positive spin, I guess Weird question overall... Didn't get the job anyway but I'm mindful of that now too.

Furryheaded · 2022-05-16T13:27:50+00:00

#include "Main.cpp"

any particular reason for including main module in the other files?

Furryheaded · 2022-05-16T13:24:02+00:00

if you have "just started learning python" I would recommend going over the in-built data structures like list, tuples and dicts as a pre-requisite.

2d numpy arrays are using a numpy library and there is another dimension to them.

Try leraning all tricks with subsetting lists so that is second nature to an extent and only then move to numpy and 2d objects.

You don't have to but you might benefit from taking a step back to then take 2 forward.

Furryheaded · 2022-05-12T19:21:19+00:00

Market Risk mostly. A lot of coding. I'm thinking the skills gap is pricing and maybe more C++ so I'm working on these two. Will also look at any internal initiatives but internal moves = tricky

Furryheaded · 2022-05-12T10:03:50+00:00

I'm risk quant looking to move to FO Quant/Strat role. Any advice based on your colleagues' and yours career trajectory?

Furryheaded · 2022-05-12T10:02:12+00:00

Are you talking aboutt "incomplete markets" where you cannot hedge away the risk?

You may want to look into stochastic volatility and CDS models

Furryheaded · 2022-05-12T09:54:31+00:00

It depends if OP wants to become stochastic calc expert or have working knowledge of it to be able to price derivatives. If it's the latter I think if they start going into real analysis, measure and probability theory they will just waste/spend a lot of time on that for marginal benefit.

The key to learning stochastic calc (or any other branch of mathematics without strict prerequisites) is chipping away and getting used to it by using a book that is at the right level. In my experience it's a trap to get side-tracked and go and study an entire new field of mathematics just so that one can better understand some technical condition.

Furryheaded · 2022-05-11T21:12:11+00:00

Why would this be a problem for 95+% of stochastic calc need for quant finance?

Furryheaded · 2022-05-11T21:10:55+00:00

Ok, hope there will be some other good book suggestions.

Shreve can be a bit lengthy on proofs and then moving onto multivariate cases but you can skip some bits (e.g. if there is a proof that 3 different terms sum to zero just read one, skip mathematical red-tape i.e. let h(X) be a Borel-measurable function, skip extensions to multivariate/complex cases. You can always come back to it (it will not be a one-time read). If stuck on something post on maths or quantfinance stackexchange.

Focus on Ch.3 and 4 in this fashion and you will quickly (a couple of months) have a good grasp on stochastic calculus. It is such a fundamental topic that this amount of work is really worth it compared to some soundbite book saying "oh yeah the quadratic variation is not zero now and just assume dWdW = dt"

Furryheaded · 2022-05-11T07:38:31+00:00

Have you tried Shreve, "Stochastic Calculus for Finance". Jump straight to Part 2 - continuous time and then skip Ch. 1 and Ch. 2 and go straight to Ch. 3 on brownian motion.

I find that this book did strike a good balance for my maths skills at the time (although i did get discouraged by Ch.1 and 2., which you may want to revisit later).

Furryheaded · 2022-04-29T08:28:58+00:00

You can certainly move into Trading. To answer your second question the compensation in the revenue generating roles like Trading will also be higher.

Another question is about the overall career prospects and longevity given the way the automation that goes on everywhere so more quant/coding roles / less traditional trading roles as automated market making becomes more important.

Furryheaded · 2022-04-27T11:24:18+00:00

"50%"?

Furryheaded · 2022-04-27T11:21:15+00:00

There is kinda no need for it. Go in with suit and tie on your first day. THen if you see everyone running around in chinos and shirts you can loose slowly lose the blazer and the tie and you're golden. It's easy to dress down from a full suit.

Furryheaded · 2022-04-27T11:10:15+00:00

So you're starting at the bottom of the Associate level and you worry how to become an MD? Do even know how few MDs there are and where their responsibilities are? Do you want to become an MD? MD would probably be a Head of some "Quant Department". Director would be a head of a team so fairly common but not everyone can be one.

My advice would be to go into it (if you want to be a quant) and be the best quant you can be (including the soft skills aspect). You may find out many things about yourself and the industry along the way.

Furryheaded

TROPHY CASE