Keys, I would listen to (or at least consider) what mo34 and FourCastles say. You may not like the manner and tone in which they give you the information, but you have to account for the fact that they’ve been working in the field and therefore have a better idea than you do.
sublimity Wrote: ------------------------------------------------------- > Keys, > > I would listen to (or at least consider) what mo34 > and FourCastles say. > > You may not like the manner and tone in which they > give you the information, but you have to account > for the fact that they’ve been working in the > field and therefore have a better idea than you > do. Not a single shred of advice has been useful for the initial question; I am an Analyst and a CFA Charterholder! I do not need this course to advance but am doing it out of a natural curiousity! I am quite comfortable in my position currently. I deal with quants all the time; I am interested in a select group of business professionals who took the CQF; apparently there isn’t any on AF --> Good bye…
Keys Wrote: > Good bye… Are you gone forever?
he didn’t even need Chad to do it, he banned himself, lol
he’ll be back
For thekeys, I understand from the forums that you have now completed the CQF. The reason why people keep saying that you need a Masters in maths is because you do. To TRULY UNDERSTAND ANY of the material. Note that I’m NOT talking about you working in this area, I’m talking about understanding even Module 1 of the CQF.
Maths is fundamentally one of those areas that builds from basics to advanced. You CANNOT therefore understand the advanced without knowing the basics. What you keep asking is like someone who’s never studied medicine asking how to become a surgeon/specialist. How many hours do you need? Roughly 10 hours perday over 5 or 6 years is the answer. A quant is - a very highly specialised MATHS person. That’s what they do everyday. MATHS. And so if you don’t have that background, isn’t it just totally stupid to think you can get a certificate that merely touches on superficial knowledge (without any sort of rigours exam questions of even that) in 6 months and know anyhting LIKE what a quant knows??! Do you REALLY think that someone getting paid what a quant gets paid gets that when there are hundreds of thousands of others who know how to do exactly what he does (and can learn it part-time in 6 months?!!)? No, as with a spicialist he gets paid that much because he is one of extremely FEW.
Of course you can do the CQF as it’s not hard (I know I’ve done it) to answer the exam questions etc with only a superfiical knowledge, but you said you wanted to do it to know all about quant stuff. For that you need to go back to university and do a Bachelor of Science in Maths and then Honours and finally Masters/Phd. You do NOT understand it the way a quant MUST and it’s shockcing that poeple like you who just do the CQf can even BEGIN to think that they know a quant’s work, because they don’t know anything at all.
Even a MFE is nothing really - it won’t make you a greta quant because you need a BROAD knowledge of ALL maths including pure and many diffrent areas of application, especially in physics. That’s when you are a good quant whi can apply the correct models to the data and really get some outstanding results and make millions. You also need an extreney strong knowledge of programming and how to maniupate data that the CQF barely touches upon (again, sorry, you need years).
I’ma Senior Quant with a Masters in Maths and came from a Bachelor of Commerce (Honours in Finance) so I know how it felt to think the way ou do. You’re simply wrong and anyone who says different is an idiot.
Other people thinking that they can just do the CQF without more than 5 years (at the VERY minimum) of FULL-TIME study to become a quant and succeed are just fooling themselves and will find this out sooner or later.
Stop living in dream land with regard to your knowledge and get REAL! It’s all truly so shocking I can’t even laugh at it.
Oh and the keys, your employer was a fool to pay for the CQF for you (or half whatever). I hope you repaid him for wasting his money.
Why is it that everyone who does the CQF comes out sounding like they’ve just finished six months of an Al Qaida maths course.
Drache you are a dooche-bag
i wish i was better at maths…
I feel you bro! Btw I thought you were pretty good with matlab, doesn’t it need good knowledge of Maths/Stats?
Nah…if you are referring to the blog, i use R which is basically matlab for free and some say better for statistical analysis (i don’t really know)…you don’t need to be a math/stats genius to use it though!
Why did this troll pull up a 4 year old post? Why does it appear to be the first post that they’ve pulled up since joining 2 days ago?
Why am I even responding on this since I haven’t posted on Analystforum for years (or really even visited this for that matter)?
I enjoyed the CQF and the lifelong learning is really interesting; helps in my role. Am I a quant? - No. Do I care to be a quant? Not really. I’m interested in building/managing applications, finance or otherwise.
BTW: it’s kinda a crappy environment for quants if you didn’t hear (even those HFT guys who are mostly Comp. Sci experts).
Cheers,
Keys
Keys, congrats on earning the CQF. I am somewhat in a similar place you were 7 years ago! Finance undergrads , CFA Charterholder with questionable math skills. I’m considering enrolling in the Cqf but given the cost need to do my due deligence – would love to pick your brain if you’re still around!!