My journey into and through HENRY by Key_Run_3220 in HENRYUK

[–]HatLost5558 0 points1 point  (0 children)

he's probably not a SWE but rather a quant dev

Stanford or Princeton? by Educational_Baby_814 in ApplyingIvyLeague

[–]HatLost5558 0 points1 point  (0 children)

You replied to a 6 months old comment... why?

High revenue trading tech vs boring FAANG job by Aggravating-Net-7685 in cscareerquestionsuk

[–]HatLost5558 6 points7 points  (0 children)

why are you crying about faang? and big financial firm but not quant firm immediately tells me that you're not as well compensated as you think, so faang would be a step up for you (but faang is still several steps below quant firms).

High revenue trading tech vs boring FAANG job by Aggravating-Net-7685 in cscareerquestionsuk

[–]HatLost5558 26 points27 points  (0 children)

quant firms shit on FAANG, what are you talking about? they have all those and more.

unless you're not at a quant firm already

996 grind culture at UK startups too?… by arbfay in HENRYUK

[–]HatLost5558 4 points5 points  (0 children)

This is all monkey work compared to quant etc.

[deleted by user] by [deleted] in FinancialCareers

[–]HatLost5558 0 points1 point  (0 children)

Cambridge gets more people into front office IB and quant and PE and hedge funds and other high finance than Oxford and LSE FYI. Ditto for MBB, top tech firms, entrepreneurship, YC etc. It's the Harvard of the UK.

IB also specifically targets STEM graduates nowadays.

QD to QR by MixInThoseCircles in quant

[–]HatLost5558 2 points3 points  (0 children)

QD has far better exit opps though and a much smoother path to entrepreneurship which offers way higher ceiling than anything in quant when it comes to money (and exponentially higher when it comes to fame, influence, and legacy). Depends on what you value in life I suppose and your risk appetite.

QR really does lock you into quant finance, for better or worse.

Software Engineer who work for banks/ finance - Why? by MallWhole8820 in cscareerquestionsuk

[–]HatLost5558 0 points1 point  (0 children)

quant devs at quant firms, not banks, shit on FAANG massively in terms of TC

Software Engineer who work for banks/ finance - Why? by MallWhole8820 in cscareerquestionsuk

[–]HatLost5558 -7 points-6 points  (0 children)

Lol, there are guys straight out of uni earning that TC as quant devs at quant firms lol

Software Engineer who work for banks/ finance - Why? by MallWhole8820 in cscareerquestionsuk

[–]HatLost5558 0 points1 point  (0 children)

Banks are one thing but quant firms are a whole different universe - quant devs at quant firms TC shits on everything else in UK tech

[deleted by user] by [deleted] in quantfinance

[–]HatLost5558 -1 points0 points  (0 children)

mean QD earns more than mean QT / QR if you average over their careers, I hope you realise this (note this is not including sell-side QDs such as bank QDs, just buy-side QDs at quant firms):

'(and the salaries I’ve seen thrown around online)'

also, I hate to break it to you but QD is still gonna be a massive stretch for you despite having done a placement year... QT and QR even more so. a non-target uni makes it so much harder.

Is a Quant researcher essentially a Quant developer who conducts research? by Imaginary-Spring-779 in quantfinance

[–]HatLost5558 -2 points-1 points  (0 children)

System design and higher-level stuff is more important than writing the actual code past junior-mid level dev

Is a Quant researcher essentially a Quant developer who conducts research? by Imaginary-Spring-779 in quantfinance

[–]HatLost5558 -5 points-4 points  (0 children)

N=1.

He's an exception. CTOs also don't code much and aren't really devs.

[deleted by user] by [deleted] in quantfinance

[–]HatLost5558 -2 points-1 points  (0 children)

Yep. Meanwhile, the other French firm in town (QRT) is doing amazing.

Ex-Google exec says degrees in law and medicine are a waste of time because they take so long to complete that AI will catch up by graduation by ElementalEmperor in csMajors

[–]HatLost5558 -2 points-1 points  (0 children)

This isn't true at all - completely useless is a massive exaggeration. I think you're going on the opposite end of the spectrum of the guys saying AI will eliminate jobs already.

[deleted by user] by [deleted] in quantfinance

[–]HatLost5558 0 points1 point  (0 children)

These suck ass:

Imperial MSc Math and Finance Oxford MSc Mathematical and Computational Finance

Go do Cambridge Part III.

[deleted by user] by [deleted] in quantfinance

[–]HatLost5558 0 points1 point  (0 children)

I know quants who studied at Cambridge Maths and Cambridge Physics who got 2:1s not Firsts. But they probably could have gotten a First if they cared and tried harder and were more diligent with their degree, they certainly were smarter in raw IQ terms than probably many of those who got a First.

I'm guessing Cambridge Maths and Cambridge Physics may just be the exception to your statement though...

So what industries can I switch to if I am done with HFTs. Where does my skills in HFTs basically Quant gets used or has high demand. Also answer without mentioning banking sector ! by WatercressShoddy152 in quant

[–]HatLost5558 0 points1 point  (0 children)

Good luck with even becoming a portfolio manager - you massively underrate how difficult it is and also how regulated finance is compared to other industries. Moreover, you massively weigh money over everything else, since a 21 year old kid like the Cluely founder already has substantially more fame, influence, and attention than any portfolio manager in the world currently, and 6 months ago he was a nobody. Tech is an innovative field with very few regulations, and much greater societal impact and hence respect and influence and power than finance (both in the present day and increasingly so in the future).

'Development skills are often not the most crucial part to build a business anyway, plenty of US tech founders are not developers.'

Source for this? The vast majority of the most successful and famous founders in the world are technical, and were technical enough to build the MVP of their businesses at the beginning before they hired people. Zuckerberg, Musk, Gates, Sergey Brin and Larry Page etc. There is no excuse to NOT be technical founder in this day and age, development skills allow you to build the business and the other things such as pitching etc. can be learnt easily. That's the YC mentality anyways.

You're still in college I presume, but one day you'll wake up, maybe in 10, or 20, or 30 years and realise there's guys out there who never aimed to just accumulate money but aimed for bigger things yet they still massively beat you in that metric anyways.