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RESEARCH INTERN Description The research intern will serve a vital role in assisting our recruiting staff in generating top-flight talent within the financial services industry for our global clientele. The intern will work side-by-side with our partners, account managers and recruiters...

In a nutshell, if there is demand for the product then these "zombie" CDOs will rise again

they bought OL for Pandit. Period.

define "best" that's purely subjective If you mean by performance, that information will be hard to come by, as many will be hedge funds that don't dole that information out. What do you want from a quant shop, what do you think makes it the "best", and I may be able to help you narrow the...

less than good Baruch's standards have been going up, as have other places.

other options besides Brooklyn Jersey City Weehawken Union City all have public transportation into NYC and tend to be cheaper than Manhattan and Brooklyn. If you're international, many of these areas already have strong Asian communities already there. (I live in downtown Jersey City, full...

MBA is not dead it remains an expectation that if you are in an "analyst" program at a bank, that you go and get your MBA. That has not changed.

no certification for quants If you are an expert in coding C++, you can get your foot in the door of the quant world

Don't Focus on what's "HOT" focus on what interests you. Markets go hot and cold all the time. Do what you enjoy.

CALPERS I know someone at CALPERS in Sacremento. Reach out to me if you're interested. eric.fleming@exemplar-partners.com

Quant AND trader? but there are quant traders...

it's not an apples or oranges thing Some places will only look for quants if they have a PhD, like SIG - no PhD means no quant job. Other places are more open minded. It's not that black and white

Yes, and so would a number of other places. They don't want Finance degrees, they want Physics and Math ubernerds.

that's not true.

MFE transition If you do make the career switch, understand that you face natural challenges. If your previous career is not germane, it can be viewed as baggage more than an asset. Firms may gravitate toward some one fresh out of school rather than some one who is making a career switch...

Tests don't equal success Passing a test doesn't mean you can "hack it". It means you did well on a test.

More Exams? Would it be nice to know through a magic # or score how strong a quant is? Yes. But I am skeptical. The quality of a school, GPA, degree are good indicators. And another tool: judgment after meeting the person in question. That's my two cents.

the answer in blue was dead on. Internships - get them! You can get some experience that employers want, see how your education is applied, as well as network. You'll see after a few years in the field, that people move around and making good contacts pays off over time.

Either is fine, with several caveats. I would put more emphasis on Physics over Math. With either, the more that is involved with application over theory the better. Wall Street wants people who can code as well as who can think and think efficiently. And INTERNSHIPS are an excellent idea...

post the question in nuclear phynance

get an MFE and GET INTERNSHIPS. if you don't get internships, no one will look to hire someone so early in their career yet long in the tooth

Fin Math over Fin or go for physics or another hard science

if you want to be a quant, get a PhD in Physics, not Finance.

Hmm, part-time...nothing comes to mind. Let me do some digging. what would prevent you from just diving into a MA program?

We work in HK, and Tokyo, among other areas, if you are interested to see what may be out there for you.

You can send me your resume and I can see what we may have for you. - Eric

I have seen NO demand for quants with CFAs

True story: PhD from an Ivy school has an on campus meeting with some people at one of the top banks. the PhD thinks this is an informal conversation, makes several stupid statements (says advisor is taking credit for their work, bashes colleagues, etc.). The bank folks know the advisor and...

the article is dead right we have roles involving mortgage model validation, risk management, etc. -- all related to the sub prime fall out. More quants are needed now to deal with the situation.

Shoot me an email and I will send you some prep materials. they aren't expecting you to know much, but the more you do, the better. Use the internship to network, as well as learn about finance.

I can tell you what a DE Shaw interview is like.

In short, MFE is more attractive than MS in Statistics, unless it's an Ivy degree. If you have strong C++ skills, then you may not need an MFE.

with an EE PhD you can plunge right in. An MFE would be overkill. eric.fleming@exemplar-partners.com

this is not such a simple question. A start up means nothing is in place and proven through trial and error. It may not have the proper financing, in short, it's an unknown. If you do get "an offer you can't refuse" what you are getting is a premium for the career risk you are taking if it blows up.

$100K is a decent ballpark for a base as a starting quant. the bonus is discretionary and would depend on a number of factors. BTW, I got my UB degree in 1995.

MFE=Quant, not MBA MBAs are for bankers, not quants. An MFE is a "workingman's PhD" and can open similar doors to those that would be opened by a doctorate.

Contact people that head up these programs and ask them. Many times they post what standards are for admission.

don't apply online, it's a black hole of resumes. Give me a call and I will see what I can do.

Derman is and yes, enough said. that being said, those with Maths degrees are still marketable, assuming they have some programming ability or the hiring managers like the way they think.

email Dan Stefanica at Baruch's MFE program. That course list seems solid, though.

give me a call and I will see what we can do regarding internships. What do you play, Texas Hold'Em?

This is what I am currently recommending to PhDs looking to get into Wall Street: Standard & Poor’s Guide to Money & Investing Heard on the Street: Quantitative Questions from Wall Street Job Interviews By Timothy Falcon Crack Options, Futures and other Derivatives By John Hull My Life as a...

I'd be happy to talk to you about your background. eric.flemingATexemplar-partners.com

I concur, you may be strong enough now to land a role on Wall Street. Feel free to reach out to me. eric.flemingATexemplar-partners.com

Bay Area EEs I have to agree with Dominic. Most firms (banks, HFs) are located in the places you'd expect: NYC, London, HK, etc. the Bay Area is a much smaller market, though there is likely a few quant hedge funds out there. My contacts in CA are spartan, but I know that Calpers is looking...

Todd Fahey I work with Todd, and he has an encyclopedic knowledge of all things quantitative, and he has an extensive network of contacts on the street.

there's only one way to know if you are Wall St Material... It's to get your resume out there and start interviewing. All other discussion is "academic". And a word on arrogance: it will get you exactly nowhere in the interview process. Learn humility if you want to get in the door. Right...

MBAs are not as marketable for Quant roles the harder the science or the math the better. When you drift into MBAs, it's just not what quants on Wall Street are looking for. So, if you want to be a quant, then veering into those maths classes are necessary. That's not to say that a BA from...

Baruch MFEs are marketable We have met with people in the program and they are marketable to Wall Street.