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  1. 7.7 Jane Street Phone Interview

    Jane street asks a lot of brainteasers. Tons of it. So go through one of the interview books and learn all the brainteasers. They ask you to do mental math too. It's a really great place.
  2. Question about MFE Career

    Wow. You are making no sense. You want to do a PhD in Physics and then apply to an MFE program when you plan on getting a job in finance? 3.8 GPA is not good enough? You have only taken PDE and PDE of SC? Your profile says you're a College sophomore... Are you trolling?
  3. University of Illinois MSFE

    Can you put the review up on some other site or link. I really want to see it. I have had a rough day. I ordered chicken pad thai and I got beef pad thai instead. This will help ease the pain...
  4. CMU vs Fed

    goto CMU, you will get a much better job after grad.
  5. Snooki invited to Rutgers U.

    maybe they are going to just watch her talk and laugh at her.
  6. CMU vs Fed

    MFE degree from CMU can get you a structuring or trading job right after graduation. Several of their alumni are traders. Getting exposure to regulation is VERY important and will help you greatly down the line in your life, but get the CMU degree, Or work for a year and defer your admission by...
  7. COMPARE Columbia MSOR or U of Toronto MMF?

    Read threads here or go talk to students in the program and you will see.
  8. COMPARE Columbia MSOR or U of Toronto MMF?

    The chance of getting a job from Columbia MSOR is slim if you are not good at networking and using the school's name to your advantage. The chance of getting a job from Toronto MMF is almost guaranteed. Students have gone to be placed at RBC,UBS,Scotia Capital,BMO,Algorithmics,etc. Also...
  9. UCB MFE Anyone get UCB MFE admission with one interview?

    Using leverage of other big names to get into a good school is fun. It gets even more fun when you're in the job market with a few big name offers and you use it to get more offers and get others to match the packages.
  10. Princeton MFin 2011 Princeton Master in Finance results

    There are lots of quants from Princeton MFin doing quant trading at hedge funds, banks, etc. I recently spoke to a Mfin recently who was at GS on their principal strategies group that got moved to KKR. He was a quant trader at GS and now at KKR. They just happen to get placed into top quant...
  11. I am Hedge Fund partner and it's not that great

    And the 2/20 framework. Forget about it. It's 10% of returns for the first 2 years if you're lucky. If you're the next Henry Paulson and make 20% returns in your first year then maybe you will take home 300-400K in salary for first 3-4 years if you are a hedge fund of 4-5 people. Most quant...
  12. I am Hedge Fund partner and it's not that great

    This is very true and the he is right about $150M. That is the magic number right now for anyone starting a hedge fund on the street. If you don't have 150M it is absolutely pointless to even think about a HF. Banks are very picky about this in the US too. My two friends are starting a hedge...
  13. Got into BU MSMF and Cornell MEng (not FE but Applied Operations Research)

    % means nothing. You need absolute values 20 of 24 got internships or something a long those terms.
  14. Got into BU MSMF and Cornell MEng (not FE but Applied Operations Research)

    If you're whack, you're whack everywhere. It's similar to the Columbia OR. But if you're comparing to BU, Cornell is definitely better. What is BU placement? From what I have seen posted here it is not any good either.
  15. Got into BU MSMF and Cornell MEng (not FE but Applied Operations Research)

    I did not read your post in detail but if you're choosing anything between BU and Cornell...Cornell all the way. Even Creative Writing from Cornell will get you a better job than anything from BU. Although the smartest kids from BU will be just as good as the people from Cornell and will get...
  16. Goldman (N.Y. City vs Hong Kong)

    lol Applying is one thing... Debate this when you GET IN. Hong Kong GS is easier to get in that GS NY. You better be well connected to get into any front office position at any bank in NY from Singapore since there are already several very well qualified americans here.
  17. HOW MUCH DOES GRE AWA WEIGH?

    Lol What? Is that what you told yourself?
  18. University of Illinois MSFE

    how is placement? Have your friends got internships?
  19. Forbes billionaire List - Investors version

    Ha. Lots of hedge funds!
  20. MBS market vs Interest Rate job

    Constructing Vol surfaces and pricing options through them. Not trivial. Try reading Jim Gatherals Vol Surface book.
  21. MBS market vs Interest Rate job

    Prepayment modelling can get a bit intense for MBS. If its mathematical complication, equity derivatives can be just as complicated if not more than IR.
  22. Equity Trading Strategies

    Short out of the money put options of the S&P. LoL
  23. Brown, Cornell, MIT are second tier - study by professor

    I recently met a Managing Director at a large investment bank. He had a MBA from one of the online universities. It's all about finding your in, whether it be through networking or getting in through operations or technology positions in back office and proving yourself to get into front office...
  24. Algo Trading interview?

    Can you post the link to where you saw that on wilmott?
  25. Algo Trading interview?

    Hey guys I have a interview with a big firm in their algo trading(etf) department. It's one of these firms.. (Getco, Knight, Citadel,Ren Tech). It's for a fulltime position. I don't really know what the proper description is. Just curious if any people here in algo trading can comment or...
  26. quant fixed income intern interview

    Know all the yields. 10 yr for sure and know how it has been moving last 2 months atleast. Know 10 yr bunds. Know $-EUR/Yen/CAD/Yuan atleast
  27. $150 /barrel Oil anyone?

    Oil was 125 today? Oil was 125 today?
  28. $150 /barrel Oil anyone?

    I love it. Why aren't there more people like you? Please tell me you trade.
  29. High Frequency Trading Group at Barclays Capital?

    It is still a good name to have on your resume going forward. Starting your career at a big name bank is the way to go I believe...regardless of what you're doing there.
  30. High Frequency Trading Group at Barclays Capital?

    Shouldn't you have figured that out before you accepted the position? JPM summer quant is in their strats group. It's a heavy quant position with lots of programming and math. It's filled with PhD's. Barcap isn't really known for HFT. I don't think any of the banks are good for HFT. All the...
  31. Suggestions for obtaining a summer internship?

    Thats awesome. Go for it. I would make some recommendations but all I know are places where they are looking for MFE and PhDs. Try to lock down the ER position.
  32. Why a career in private equity?

    There are quants in PE. Not heavy quants, but quantitative skills are required for some jobs. I had an internship offer from one of the firms mentioned above. PE is "sexy". I chose to goto a trading desk at a bank instead. I love PE offices. The chrome outline on the mahogany wooden interiors. wow
  33. Black Swan Index

    People who trade legit volume already use such measures. The only people this will excite are individual investors.
  34. Black Swan Index

    It won't be popular at all.
  35. How to Get a Quant Job, Advice from Wall Street Executives

    I did not understand your comment about their Risk Management. So it's so bad that you don't believe it or that the things they are doing are so good that you don't believe it considering it is RBS?
  36. Market Risk vs Credit Risk

    Hey guys Can anyone tell me the upside and downside of a career in either side? I have a superday invitation from a BB for their risk department. They do seperate recruiting for credit and market. I talked to both the department heads and they are both amazing although the Market risk head has...
  37. Interview Questions at JPMorgan Sales and Trading

    Your answer about "equally important" is wrong. The answer I gave is the right answer.
  38. Interview Questions at JPMorgan Sales and Trading

    You just repeated what I said.
  39. Opportunities for quants outside of N.Y.

    San Francisco and LA would be your two main options in California for quant positions. I think UBS has a bunch of stuff in LA and BoA and bunch of other firms are in san fran.
  40. Interview Questions at JPMorgan Sales and Trading

    Vega. Far maturity options have higher Vega sensitivities. Gamma is usually low for far dated options especially this far away so that won't be an issue. But I could be wrong as hell too.
  41. Interview Questions at JPMorgan Sales and Trading

    Here are some questions... Let's see if you guys can answer it... What is the pricing model for FX rate ? Derive it Long option position with 2 years to expiry. Whats more important and why? - Gamma or Vega. When is it better to use a tree and when a hash? (programming) Quant...
  42. Trader

    Does anyone here work at BAML ?
  43. Interview Questions at JPMorgan Sales and Trading

    Thanks for the questions. It would be great to get a collection of more S&T interview questions. I have an S&T interview coming up at a BB. Hopefully these questions help. I will add after the interview. :)
  44. How to Get a Quant Job, Advice from Wall Street Executives

    market risk - trading.
  45. How to Get a Quant Job, Advice from Wall Street Executives

    Lots of push for Risk Management here. I have a summer risk analyst interview at a BB. It's one of these... MS, GS, RBS, UBS Any tips?
  46. Trader

    It's basically one of the only few things I am good at. (of course I had proof to show that. )
  47. Trader

    How do you answer this questions without mentioning anything about money... "Why do you want to be a trader?" I got asked this in a prop trader interview the other day. The guy seemed to be pleased with my answer but I was basically really honest about it. How would you answer it...
  48. Would you add MFE after your name?

    Maybe one could use CQF as I guess it is a popular certification within quant finance. I personally would not use MFE. Some would have MFE, MQF, MFQ, MMF... It doesn't make sense.I would just write Masters or something.
  49. Who Owns the Future?

    Why American Mothers are Superior
  50. Spread Trading reading material?

    Nothing about spread trading in there.
  51. Spread Trading reading material?

    Yes. Nothing useful for spread trading. I only found a crack-spread related paper but that is a producer side hedging tactic mostly and not something for prop trading.
  52. Spread Trading reading material?

    Hey guys, I have a prop trader interview on a spread trading desk. The desk does ... Stock vs. Stock, Stock vs. Option,Option vs. Option, Future vs. Option,Future vs. Future. Can anyone recommend me some good literature on spread trading (options and futures specifically) and risk/money...
  53. Brown, Cornell, MIT are second tier - study by professor

    Lol Of course you can break into these places. I do have to agree about GS though. My undergrad is from a school not even on top 500 of north america. Okay, maybe between 400-500 in a complete non-finance undergrad. I work at a hedge fund right now part time and have offers from two banks...
  54. Brown, Cornell, MIT are second tier - study by professor

    Wharton and Columbia are second tier? Holy shit... I am absolutely f*cked.
  55. Salary VS Bonus

    That is right. Depending on the firm tho. If you're at a good profit making firm with good flow, you can expect 20% in MO positions. You can expect 40-100% in FO position in terms of bonus. 55-70K is the standard salary for majority of bank entry level quant positions. If you have an MFE or a...
  56. Salary VS Bonus

    Yup. I recently interviewed with one of the top 3 Private equity firms for an entry level position and it was like 60-70K base. No sign on bonus or anything. Good benefits package. I had another with a large foreign BB bank and it was within 55-65K range for an entry level package, but AMAZING...
  57. Trader

    There is almost no prop in banks anymore. If I wanted to do prop I would rather do it in a prop shop or a hedge fund. I mean't if I was a flow trader elsewhere, would it be possible to become a flow trader in a bank in the future. Just curious...
  58. Trader

    they do lots of algorithmic execution. They have a big back office support team for that stuff. If I was a trader handling flow, you're telling me I would get hired by a bank to work BO or MO? That makes no sense. Either they would hire me as a trader or they wouldn't.
  59. Trader

    I think they do executions and trades on behalf of the customers. But then again, you could be right. How is the pay in such positions? What about exit options?
  60. Trader

    It's a broker/dealer trading firm.They do a lot o futures, basket and spread trading. They have a big fixed income desk too. I would assume the interview is probably be on the futures of spread trading desk.
  61. Trader

    I have an interview or a Flow Trader position. It is focused on flow coming in from hedge funds, mutual funds, etc. I don't know the specific desk though. It is first round in person interview. It is not at a bulge bracket firm. Any tips on how to prepare for such positions?
  62. Hedge fund or Bank ?

    I am looking towards long term. It is a BB. Or atleast I think it is. It is one of these... Barclays, HSBC, RBS, Lloyds. I have sort of made my decision already. I am waiting to hear back from few other interviews I gave to still decide. I am leaning towards the bank as I believe in the...
  63. Interview Questions at JPMorgan Sales and Trading

    Maybe he means, he will think about why he was put there and then try to find the reasoning behind the situation and back track from there to come up with a way to escape or convince the person who put him there to get him out. Or, he could get technical and say... Since I am shrunk from...
  64. Hedge fund or Bank ?

    So I currently intern at a small hedge fund and my boss has hinted that he will have me trading by 2nd quarter next year. They are going to sponsor me for series certiication. I also, have recently got a internship offer from a large british bank in new york with strong potential for full...
  65. PhD is a waste of time

    You might want to specify what you're talking about next time without making generalized statements.
  66. PhD in Electrical Engineering, considering a switch to quantitative finance

    If you're a PhD in engineering from a decent school it will get you interviews. But unless you know finance well, you will get destroyed during the interviews. My friend has a Masters in EE from a Top 10-15 ranked engineering school. It got him several interviews (GS, MS , JPM, etc), but they...
  67. PhD is a waste of time

    That is stupid. Any sensible person cannot take that seriously. (Harvard...to UCLA...to Cal State...to etc). Are you serious? There are endless examples to show otherwise. That is not even a "norm" for that to be a valid case. Take PhD in Finance or Economics from any top 10 school based on PhD...
  68. PhD is a waste of time

    Yes. Even Canada pays heavy salaries to Accounting and Finance PhD's. 150K is almost standard for tenure track. Rotman paid fresh accounting tenure track Asst. Prof 180K. Most of the professors don't like teaching EMBA or general MBA students. They are mostly focused on research at top...
  69. PhD is a waste of time

    I doubt this is for business PhD's. There is a big shortage of business PhD's especially Accounting and finance. The graduates of top school business PhD's make ridiculous salaries. If they go into industry, twice, thrice of their 150-200K salary. A friend of mine graduated from Texas A&M, and...
  70. Interview Questions at JPMorgan Sales and Trading

    I was curious...is this for Analyst or Associate position?
  71. Lloyds Bank Interview

    Hey guys, I have an interview at lloyds bank in New york. I was wondering what people in the industry thought their reputation is ? It is for an internship position. Just curious. Any help would be great!
  72. Boutique Investment Banks

    Thanks for the info. I will give it a shot and see what they say.
  73. Boutique Investment Banks

    Yeah. I saw the "bashing" too. I looked up the people who work there on LinkedIN and seems like lots of ivy league MBA's are directors and MD's there so that should be a good sign. Thanks for the info anyways.
  74. Boutique Investment Banks

    Well...It's R&R. What have you heard about them?
  75. Boutique Investment Banks

    Hello everyone, I was wondering if someone could enlighten me more on "boutique investment banks". I have an interview with a boutique firm coming up. I was wondering how these boutique's were looked upon on the street. The firm is publicly traded on NASDAQ if that helps. They have around 250+...
  76. How to get people skills (Wall Street personality)?

    You want wall street personality? Goto a bar and see how many numbers you can get. If you fail, learn from your mistakes and try again. When you can effectively get a number 51% of the time, you have attained Wall Street Personality.
  77. Morgan Stanley Phone Interview

    I have a phone interview with Morgan Stanley for their quant finance internship. It's in the Strats/Modelling group. Any tips?
  78. Bond Price and Coupon rate/ Yield

    Dilemma So, the higher the coupon rate the higher is the yield. The higher the coupon rate the higher the Bond Price. The higher the Bond Price the Lower the Yield... Where is the flow?
  79. Interview with Commodity Trading Firm -preparation?

    They will have me rotate through various jobs during the 3 month internship. I will be doing some model valuation, risk modelling, helping their traders in the pit, extracting data and cleaning it up, mowing the partners lawns, etc. ---------- Post added at 10:01 AM ---------- Previous post was...
  80. Interview with Commodity Trading Firm -preparation?

    The firm is apparently a market maker. I might be working in the pit too along with quant stuff. Should I study anything specific to either of those or just understand what "market making" is, and learn some hand signs for the interview?
  81. Interview with Commodity Trading Firm -preparation?

    So I have an interview with a commodity and option trading firm in Chicago. The firm is an open outcry and electronic trading firm. There are no general outlines on the job description, and it will be a "little bit of this and a little bit of that" . There will be quant stuff, and trader...
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