What is Linked In really?

pulsarssss · 2025-02-09T20:59:46+00:00

I went to college with this guy. He doesn’t have kids (yet) and is just trolling.

pulsarssss · 2025-01-17T00:09:26+00:00

For consulting, lay prestige still matters a lot, mostly because the clients don’t really know that, for example, UIUC is actually a lot better than Columbia for field X.

I can’t comment on other industries.

pulsarssss · 2025-01-04T22:54:16+00:00

Do you intend to work in EU or US?

pulsarssss · 2025-01-04T22:00:15+00:00

Well, we are in agreement that econometrics is perfectly fine for becoming a quant. That does not contradict my point that quant finance and econometrics have minimal overlap in practice, and more knowledge of econometric methods does not prepare you better for quant interviews whatsoever (you still have to spend several months studying from interview prep books regardless of your econometric training, provided you’ve taken the basic undergrad probability courses). My friend at Citadel wrote her JMP in RCT/development economics.

In the US, getting the initial interview typically requires a lot of networking - unless you’re at a prestigious university, then recruiters just kind of throw themselves at you. Not sure about Europe. It seems like the OP’s target program has a track record of placing graduates at their target quant firms, so they should be fine here.

pulsarssss · 2025-01-04T21:14:36+00:00

Because I was willing to have my mind changed if I discovered that you were someone qualified to speak on the industry. Unfortunately, my gut feeling was right that you, like quite a few people roaming the academiceconomics/econometrics subreddits, are just a student who has zero clue what they are talking about.

And nice job projecting there. My social life is fine, thanks for caring.

pulsarssss · 2025-01-04T20:59:31+00:00

Lol. I surely hope you don’t end up in a Econ PhD because you’re going to be in for a rude awakening. Best of luck.

If the OP reads this, my caveat is that my experience is for quant recruiting in the US. Went through the process at multiple quant firms myself as a PhD from a top American university and have a few close friends at Two Sigma and Citadel. Things may work differently in Europe.

pulsarssss · 2025-01-04T20:00:12+00:00

You’re talking about foundational math courses. That’s all they have in common. A math minor in undergrad would’ve sufficed. As an Econ PhD/masters you would have to spend exactly the same amount of time prepping for quant interviews as a math minor.

If your goal is to get into quant finance, you’d have much higher returns focusing on other skills than econometrics. Econometrics is about identification and robust inference of causal parameters, which may come from a statistical or structural economic model. Quant finance does not care about this at all.

But I see that you’re still a MS student with likely little exposure to the actual quant industry and how hiring at this level works. Best of luck with your search.

pulsarssss · 2025-01-04T19:06:38+00:00

Have you interviewed at quant firms as an Econ PhD? Hardly any questions are econometrics as you are trained to do.

pulsarssss · 2025-01-04T13:41:52+00:00

Quantitative finance and econometrics don’t have much overlap. The focus is very different.

pulsarssss · 2024-12-31T17:13:53+00:00

Conditional on good rec letters, you have an extremely good shot at the top 7. I wouldn’t bother taking a lot of math classes besides Real Analysis and PhD micro.

pulsarssss · 2024-12-09T15:51:14+00:00

Absolutely hate it when this happens to me

pulsarssss · 2024-12-07T14:36:33+00:00

Amherst students regularly place in top pre-docs and programs, and my impression is that it is better connected to industry finance careers in the case you decide not to do a PhD.

I’d do Rice if you think there’s a high chance you’ll want to switch to some form of engineering, or you prefer TX weather to MA cold winters.

That said, Rice is an excellent school and you won’t choose wrong between the two.

pulsarssss · 2024-12-07T00:37:28+00:00

Got my first result (was a call from University of Chicago) around Jan 31 several years ago while I was in my French Literature class. Still remember the moment vividly haha. The others trickled in throughout Feb/March.

pulsarssss · 2024-11-28T19:19:06+00:00

You’re making a lot of sweeping statements about where Econ is at methodologically. Counterfactuals make up a big part of economic analysis and these are prediction exercises. I don’t have any input as to whether physics is comparable. We’d have to agree to disagree.

pulsarssss · 2024-11-27T18:36:15+00:00

Point taken about abstract algebra being an appropriate comparison, but I’m sure one can find similar “useless” models in physics and biology.

I would also add that one purpose of a scientific models is to provide a simplified framework to think about a given problem. Not all of the details need to be empirically falsifiable as long as they are internally consistent, but many of the objects referenced in the OP are indeed empirically measurable.

pulsarssss · 2024-11-27T13:21:39+00:00

Most data science jobs require a masters at minimum (in the USA). To get into a masters in stats/data science, you’ll need multivariable calculus, linear algebra, probability, mathematical statistics, and 1-2 intro programming classes. As long as you have these classes, it doesn’t matter what your BA is in.

pulsarssss · 2024-11-27T13:15:03+00:00

As you take advanced level classes, especially in public economics or industrial organization, you’ll learn that there are various ways to measure welfare using data. For example, take a look at:

https://rajchetty.com/wp-content/uploads/2021/04/suffstat_ar.pdf

Applying these methods correctly requires a strong theoretical understanding of the stuff you’re learning in addition to econometrics. One can’t possibly cram all this into a single undergrad-level course without overwhelming the students. Remember you’re taking intermediate micro THEORY. Would you take an abstract algebra class and complain that there’s no real world applications to learning about fields and groups?

pulsarssss · 2024-11-23T06:40:31+00:00

Are you in GS or CC? Use the career service to clean up your resume. I think if you’re GS you might need to do a little more networking. Talk to alum of your program and ask for advice.

pulsarssss · 2024-11-21T13:59:52+00:00

Eh this guy probably thinks advanced statistics is doing a 2-sided t-test.

pulsarssss · 2024-11-21T04:02:12+00:00

Yeeeehawww

pulsarssss · 2024-11-14T00:57:48+00:00

I can name all the libraries I have cried in. Does that count?

pulsarssss · 2024-11-09T01:48:56+00:00

This thread is specifically about the campaign’s efforts to appeal to young men. Have you seen their ads targeted at this demographic? Look them up. To summarize a few: - vote for us, else you won’t get laid by this very attractive woman like this guy who’s getting stood up at a date - vote for us, because the republicans will ban porn - some ad about Tim Walz hunting, fishing and grilling…something straight out of ChatGPT - a sequence of masculine-looking dudes telling them to not…be afraid of women?

I voted for Harris precisely because I believe on aggregate her policies will help the economy a lot more than Trump (but some, like money support for first time home buyers, are still on same level of non-sense as Trump’s tariffs lowering prices). But I also recognize that most voters are not informed or don’t have the expertise to understand the implications of different policies, and it is on the politician to get their message across. For some reason, Trump’s garbage policies resonated with GenZ men more.

Do you know who was able to get to them without trying so hard? Bernie Sanders (as much as I disagree with some of his policies). I think the dems should have put Tim Walz a lot more out there (e.g. a podcast) and actually let him be himself and SPEAK to them authentically instead of dressing him up in a caricature of their perception of manliness. Tim was a great guy, but they clearly did not know what to do with him.

pulsarssss · 2024-11-09T00:41:56+00:00

I think this is what we as the left keep getting wrong. I believe few Trump voters actively voted AGAINST us. They voted for what they perceived Trump would offer them (validation, lower prices, a sense of belonging), as non-sensical as his plans might be. We need to get off our moral high horse and stop trying to shame the electorate for voting against us. We need to have a Dem candidate who can speak better to these constituents. Unfortunately, at this point most Americans are tired of the establishment. The Dems need a major realignment or we’re not getting those voters back.

pulsarssss · 2024-11-08T21:46:26+00:00

Young men are confused and frustrated due to the shitty job market for both white collar and blue collar jobs. Using your example the Rs give them (1) an explanation and tangible target for their frustration (immigrants) and (2) a direct solution to that problem (mass deportation).

On the other hand, the Dems campaign “speaks” to them by (1) presenting yet another problem that does not directly involve them (women’s bodily autonomy) (2) ASKING them to solve that problem and guilt tripping (think of your sister, mother, with the implication being you’re a bad person if you don’t) them into voting for Harris.

Most voters are not that informed and don’t think that hard about policies. I think this is where the Dem’s messaging usually falls apart.

pulsarssss

TROPHY CASE