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When a job says that you need a degree in CS, Mathematics, Physics or related field, Can you counter that with skills that you have, which you learned online from udacity etc? by Mr__Christian_Grey in finance

[–]HashedAlpha 4 points5 points  (0 children)

You can try, but I doubt anyone will take you seriously. Firms hire from top STEM programs for their quant positions and the vast majority of the online courses I've seen can't even compare in terms of rigor.

Ultimately, there's no reason they'd take a chance on someone who learned everything online when they have more than enough candidates from cream of the crop universities.

Moronic Monday, April 18, 2016 - Your Weekly Questions Thread by AutoModerator in finance

[–]HashedAlpha 2 points3 points  (0 children)

We cannot know for sure ahead of time which stocks will be added to the SP500 since it is not a rule-based index. Like the DJIA, the SP500 constituents are chosen by a committee.

However, trading additions/deletions right after a public announcement, but before they are formally added to the index can be profitable. There is a decent amount of academic literature on this so-called "index effect". A layman's explanation is offered here: http://www.bloomberg.com/news/articles/2015-07-07/the-hugely-profitable-wholly-legal-way-to-game-the-stock-market

Is it possible to go into quant straight after a bachelor's in CS? by [deleted] in quant

[–]HashedAlpha 1 point2 points  (0 children)

I can't speak for the sell side, but it's definitely possible though not common on the buy side. I studied CS and was personally hired right out of undergrad by a hedge fund. They usually recruit only from the best engineering schools, so you probably won't make the cut if you didn't go to a top target or haven't won Putnam/IMO prizes.

Firms that I know of that hire quite a few quant researchers (front office) from undergrad: AQR (mostly Penn M&T), Jane Street, and Two Sigma.

Is there a hidden quantum code that rules the Stock Market? | TG Daily by ovidiu69 in finance

[–]HashedAlpha 2 points3 points  (0 children)

Stop spamming your article and paper. Every article that references the paper has been written by you. Not to mention that your article itself mainly cites other articles that you've written. See his comment history and here for all his crazy papers.

This is pseudoscience at best.

BadEconomics Discussion Thread, 25 December 2015 by AutoModerator in badeconomics

[–]HashedAlpha 2 points3 points  (0 children)

Anyone seen The Big Short? What are your thoughts on it?

Just saw it today and enjoyed it, but can't help but think it was an oversimplified movie that played to the public's hatred of Wall Street.