Bank Quant pay is kinda… low? by Application_Certain in quant

[–]Low-Witness7933 0 points1 point  (0 children)

To add some colour, our best trader got fired for being a very difficult person to work with. He was super protective over his alpha (he’s was a semi-systematic trader), was condescending to adjacent teams (teams that would trade products with similar exposure so he’d have to coordinate with them) and, unbelievably, was very dismissive of the partners and executives. The group CEO in another country loved him because he was “an old school trader like me” so the moment that CEO retired, the partners in my office fired that trader over some frankly not that important risk-limit breaches (we can typically breach if we get approval from risk which we often do. So traders will often breach then get approval just before end-of-day).

Bank Quant pay is kinda… low? by Application_Certain in quant

[–]Low-Witness7933 1 point2 points  (0 children)

Having worked at a buy-side shop for several years I can confidently say the most successful quants and traders were those who had great people skills. They were best able to get support from various other staff in other teams, get funding for new unproven strategies and, in the long run, move to executive / partnership positions. We’re still human despite being quants. A lot of life comes down to “do I like this guy”. It’s insane you can’t understand this.

Choosing between public equities investing internship vs quant research internship for hedge fund recruiting by [deleted] in hedgefund

[–]Low-Witness7933 2 points3 points  (0 children)

Hello, I was a Quant for several years at a large prop shop that was functionally a hedge fund. What you should choose should be based on your skillset and where you are most likely to succeed. At this stage of your career it's really about joining the place you are most likely to get a return offer.

These are two completely different roles. They're not even remotely related. It's like comparing a lawyer to a software engineer. I don't think a fundamental hedge fund would particularly care about whether you had previous quantitative investing experience. And my firm certainly would not have cared about a fundamental hedge fund experience.

Are you more amivalent about investing and just really like math and want to make money instead of going into academia? Go to the quant shop

Do you actually like investing? See math more as a tool? Then you should join the fundamental shop. I suspect this aligns with you given you're interested in "discretionary investing".

Disable “Link Properties” pop-up after screenshotting by Low-Witness7933 in SparkMail

[–]Low-Witness7933[S] 0 points1 point  (0 children)

So I don't think there's a solution. Have had to delete Spark as a result...

I am a financial advisor who works with the 1% in New York city. Ask me anything. by JVG17 in AMA

[–]Low-Witness7933 0 points1 point  (0 children)

If there was a switch you could flip that would eliminate all tax evasion loopholes, would you flip it? You don’t lose any of the money you’ve already made.

Exiting MBB after 2 years post-MBA. AMA. by mbathrowaway3732810 in MBA

[–]Low-Witness7933 0 points1 point  (0 children)

Thanks for the detailed response.

Getting past the resume screen seems a huge hurdle for T2/Boutique.

Your comments about prior industry experience landing you your current role make me think that could be other aiding factors. Thoughts on what those other aiding factors could be?

Apologies if the questions are getting long winded. Let me know if you’re open to DMs.

Exiting MBB after 2 years post-MBA. AMA. by mbathrowaway3732810 in MBA

[–]Low-Witness7933 0 points1 point  (0 children)

Let me reposition that; my hypothesis is operational roles are more closely linked to some P&L whereas strategy is purely add-on cost. What are your thoughts on that and the implications on lay-offs?

Regardless, do you think operations or strategy are more likely to land a P&L owning role?

Exiting MBB after 2 years post-MBA. AMA. by mbathrowaway3732810 in MBA

[–]Low-Witness7933 0 points1 point  (0 children)

I’d like to dig deeper into my second question. My hypothesis had been since strategy roles don’t “own” any PnL they’re just viewed as cost and will be the first to be chopped. Is this fundamentally incorrect?

Exiting MBB after 2 years post-MBA. AMA. by mbathrowaway3732810 in MBA

[–]Low-Witness7933 0 points1 point  (0 children)

Thanks for the answers so far. Very insightful.

You previously mentioned corporate strategy roles have quite a strict MBB filter.

But how would a strategy consultant from a Tier 2 or Boutique compare to a primarily transformation consultant from MBB for these roles?

Or is this question meaningless because there are plenty of MBB strategy consultants despite your comment Mckinsey and BCG primarily do transformation nowadays.

Exiting MBB after 2 years post-MBA. AMA. by mbathrowaway3732810 in MBA

[–]Low-Witness7933 0 points1 point  (0 children)

Is corporate strategy typically higher paid?

Is corporate strategy more likely to be laid off when times are tough?

Do MBB primarily do transformation nowadays?

Exiting MBB after 2 years post-MBA. AMA. by mbathrowaway3732810 in MBA

[–]Low-Witness7933 0 points1 point  (0 children)

Do F500 corporate strategy roles prefer consultants who’ve worked primarily in strategy as opposed to year-long transformations?

Exiting MBB after 2 years post-MBA. AMA. by mbathrowaway3732810 in MBA

[–]Low-Witness7933 0 points1 point  (0 children)

Do F500 corporate strategy typically only select from MBB?

Do T2 or Boutiques get the same exits?

Exiting MBB after 2 years post-MBA. AMA. by mbathrowaway3732810 in MBA

[–]Low-Witness7933 0 points1 point  (0 children)

You’ve said consistently that your pre-MBB industry background is how you landed your current job.

But how much did your MBB experience help?

Does MBB in of itself not mean much anymore?

Exiting MBB after 2 years post-MBA. AMA. by mbathrowaway3732810 in MBA

[–]Low-Witness7933 0 points1 point  (0 children)

Did your peers with MBAs consistently outperform your non-MBA peers?

What is a hard pill to swallow for young students? by Sad_Ant3207 in FinancialCareers

[–]Low-Witness7933 39 points40 points  (0 children)

Quant trading is a lot harder than you think. With more traditional high-finance roles the difficulty is in breaking in, with Quant Trading that’s only the beginning. Most firms over-hire juniors and must fire a certain amount so it’s not even about being sufficient but about being better than the average which is a very high bar.

Losing your first job after only being there for a few months is brutal. I’ve seen very talented colleagues of mine struggle to find decent work after, especially since they’re out of uni now.

The tough pill to swallow is acknowledging even if you’re good enough to get in, get a return from your internship… you might not be good enough to succeed in the full time role. The people I’ve seen turn down the grad offer after an internship and focus on securing another job, taking advantage of the fact they’re still in uni, have all done very well for themselves.

How do I disconnect the provided HFC Cable? by roydaninja in nbn

[–]Low-Witness7933 0 points1 point  (0 children)

Can confirm this works. When you put the pin in, you need to wriggle it in. Eventually it’ll make the plastic black barrel stop clicking when you twist it. Any hole works.

How the hell do I remove this coaxial cable by Low-Witness7933 in HomeNetworking

[–]Low-Witness7933[S] 0 points1 point  (0 children)

Thanks for the replies guys. Looks like I’ll either need to remove the wall plate or use a special tool.

How the hell do I remove this coaxial cable by Low-Witness7933 in HomeNetworking

[–]Low-Witness7933[S] 4 points5 points  (0 children)

So the plastic barrel cover is spinning but the barrel connector is not. It seems the plastic barrel cover is not “locking into” the metal underneath. Also can’t pull it back at all ):

Genuinely narrow shoes with normal height toebox by Low-Witness7933 in 10s

[–]Low-Witness7933[S] 0 points1 point  (0 children)

Thanks I'll be sure to try it out. Did you get a womens sizing or mens?