As I am writing this, I am waiting for the CFA II result released in a few hours. Anyone doing the same thing?
Recently, I came across a job named Investment Software researcher by WorldQuant. Anyone heard of this company? The initial requirement for this position is not Finance-related degree or qualification. It even states that no finance knowledge is required. The main work daily is, quoted from the JD: âcreation of computer-based models that seek to predict the movement of worldwide financial marketâ. Another thing is: âinternation mathematics olympic medal is a plusâ.
Further looking up the net leads me to conclusion that: the job is more about solving financial matters by using calculus and statistical techniques.
Anyone familiar with the job here mind giving me a further explanation? I find this kind of job quite interesting and want to pursue in the future. Is this called: Financial engineering?
Iâve never heard of the company, but if they have the balls to advertise for people with âinternational mathematics olympicsâ medals, they must be hot shit.
Normally, quant jobs want hardcore math people - like PhD in math or physics. Iâve known people with MS or undergraduate degrees getting these jobs, but you have to be pretty outstanding. Quant jobs tend to be pretty cushy (good hours, relatively low stress) and compensation can be generous. Usually, you are not paid as much as traders, but you donât have earnings volatility if the trading book blows up.
Anyway, if you meet these requirements, thereâs no harm in applying.
A Certificate in Quantitative Finance might be worth looking into⌠link below gives you an idea of the course content, cost etcâŚ, a friend of mine did it couple of years ago, some hardcore Math involved, did it in less than a year, highly regarded by the industry so iâm told.
