Love your videos, packed with information, no bullshit, and sneaky funny. Prob my favorite Youtube account at the moment.
You are doing good my child. Keep it comin.
So, what do they need exactly? From the video, I get an idea that they should be good with - Python - Data Analytics - Machine Learning - Git and Version Control - Mathematics Am I missing something? Is the list superfluous? Tell me!
As a quant you’re backtesting strategies that are mostly based on finding anomalies which most likely comes from technical analysis. However you’ve created a video disagreeing with TA and how it doesn’t work. So why would your firm backtest these strategies that require some degree of TA.
Great video! Thank you for explaining it; it makes a lot of sense now.
🎯 Key Takeaways for quick navigation: 00:00 🤖 A quant, short for quantitative analyst, works with numbers to develop and backtest strategies to make money for a firm. 01:11 📈 A quantitative developer collaborates with quants to implement their models and algorithms. 02:22 🧮 Technical skills for a quant include mathematical proficiency, education in math or finance, understanding trading concepts like option theory, programming (often Python), and computer usage, including Excel and Bloomberg terminals. 05:36 💼 Quants not only create models but also actively trade based on those models, managing portfolios of instruments. 06:04 🧠 Soft skills for quants include a trader's mentality, risk-taking ability, an innovative mindset, and comfort with failure. 09:25 💰 Quantitative analysts can earn between $125,000 and $500,000 per year, with bonuses based on their model's contributions to the firm's bottom line. Made with HARPA AI
how much does a quantitative developer make generally? What about developers at the top of their field? 10 years down the line? What's the compensation difference between analysts, traders, and developers? What's a ballpark number of your own salary(if you're comfortable with that)?
AWESOME VIDEO YOUR AWESOMENESS if only genius could be taught
The man, the myth, the legend.
Great video! Is there a version of this video for the quantitative developer? You alluded to making one. I am very curious on the skills and learning path, interviews and the pay structure (particularly bonuses). Because if you are tired to the models the quant analysts/researchers make, does that mean your bonuses are dependent on them as well? Since you're not creating any models yourself
Hidden gem! What resources do you recommend to practice / improve soft skills?
Thank you for explaining this man, we appreciate it
Hey CJ, can you please make a video explaining what the 'strat' role is in IB, and how it differs from a quant/ or a developer? From the high level, it seems like a mix of both.
I have a Masters in Financial Maths from one of the top 10 universities in the world. I graduated in 2019 and I've been applying for Quant positions for 3 years. In the past 3 years, I've attended 30 if not 40 final stage interviews but nothing came to fruition. I feel like I'm the only exception in my Masters class. Do you think the interviewers have biased opinions toward those great but not genius graduates? If not why do I continue to fail? How many more years do I have to endure to get that entry level job? I feel like I have a little bit Aspergers, with a tested IQ of 132. Can I still have a shot?
Whooo! In before famous.
Great one! Do throw some light on steps to become a quant and the resources in the upcoming videos.
Thanks for shedding some light upon this. I was wondering about the use of Scala and Akka within the Finance world. Have you come across any application/code basis written in Scala? Or does C++ suffice for most of the things you guys do?
New follower here :) So we have three broad Quant types: Quant analyst: Mostly develops models and evaluates them, does some trading. Quant trader: Mostly does trading based on those models, does some modelling himself. Quant developer: Implements the models as high quality software. Not sure where I would fit best... Doing a PhD focussed on machine learning with a strong coding component, mostly Python, some C++. From this perspective Quant analyst would be best. But I would love to do more in C++ and get better with it. Is C++ actually useful for a Quant analyst? Prototyping some ML models is much easier with Python after all... And if I tried to enter Quant dev roles, how useful would my maths/ML knowledge actually be? Would I try out my own ideas as well, or would I simply need to translate the Quants' models into high quality code? Keep up the great work, very useful channel to get informed about this field.
Great.....Sounds Interesting to me as a Quant aspirant
@Utsavdave_01