Recent content by AndrewChang

If you speak perfect English and have quant skills, you don't need to do an FE to get into the top places. That's the main reason you don't find American students with "ability" doing FE.

Definitely not "over-qualified" in the math department but sufficient. You definitely need an options class as well as like Ross said, programming classes. I haven't met many quants that were straight out of undergraduate but they do exist. However, top quality shops tend not to hire a quant...

Never did you mention anything about any relevant experience in your previous post AND I can find four people with no relevant experience who are now quant researchers who just graduated this December. Dude, don't bluff against pocket aces when I know you have 2 7. And for @New Trader , I think...

I am unsure where you get your data from, but it is by no means accurate at all. While true that it is unconventional for an MFE student from ANY school not just Baruch to go into IBD etc, there are a few Baruch graduates who work in IBD. One or two quant research/strats modeling is really...

do you know what a put and call is?

that's even less than the bare minimum, stochastic processes is almost always required.

I am sure if you had statistics on MFE students to post their SAT math score, I would say 95% got at least 780 and the 4.99999% got at least 750.

This is not meant to be derogatory in anyway, I would say most MFE majors got a score close to 800 if not 800 on their SAT math (at least 760).

I don't think any of that line was true except for the more stable.

sorry, i made a mistake. the markov chain was incorrect. X_0 = 9/11 which is .818181. I fixed the equations below and you can just solve it and show it is true. logic is still correct X_0 = .25 * X_1 + .25*X_0 + .5 * X_3 X_1 = .5 X_2 + .25 X_3 + .25 X_0 X_2 = 0 X_3 = 1

your reasoning isn't correct Look at the problem as a markov chain problem. let X_i denote the probability player A wins from state i and X_0 is the starting state where neither player has flipped a head yet, X_1 is the state where player B's previous flip was a head and player A has not...

no they don't. passing the first two is equivalent to taking the first class in probability. pass the next two and you are at the pre-mfe level

I used to work at the hedge fund arm of state street. They used many quantitative techniques including statistical arbitrage trading and signal processing (mostly automated). There are definitely jobs in this field.

an asset manager at a non commercial bank has a view on the economy and trades on this.

http://stat.ethz.ch/R-manual/R-devel/library/stats/html/kmeans.html