Let's not get so far ahead of ourselves. The scenario you lay out is very unlikely to happen. The industry is going through the biggest changes in decades and a lot of positions you read about today will disappear when you are in the job market.Let's say, for example, that I land an entry-level job as a quantitative trader after getting my MFE.
I've also considered actuarial work, but it seems as though actuaries don't really use that much math in their day-to-day work and I feel like a career in financial engineering would be a lot more intellectually stimulating and intrinsically rewarding. I know it's not all about the money, but I'm very interested in finance as a whole and want a career that I could progress and become very successful in. I know this is very forward-thinking and overly vague, but I really want to find a career in finance that is very math-oriented and intellectually and financially rewarding.
I am so glad that I found a quant job this week so I don't have to do actuarial work any more.
Check in again in one year's time and let us know about the level of advanced maths you've been applying in your quant job and the exciting, complex Excel macros you've been building :D.
First of all, I'd like to apologize for my naivety and possible oversimplification, as I know very little about quantitative finance. I am a senior in high school right now and will attend the University of Michigan in the fall. I am very interested in math, computer science, and finance plan to eventually get an MFE or similar degree. I know financial engineering / quantitative finance is a very broad field, but I am wondering about the hierarchy of the field and common routes of career progression. Let's say, for example, that I land an entry-level job as a quantitative trader after getting my MFE. What would be a typical career progression from there? Is it common for people to eventually move into areas such as portfolio management. Additionally, is it uncommon for people with MFEs to eventually move into the 7-figure salary range? Again, please excuse my naivety as I can tell that I probably sound like an idiot to you guys. I'm just very interested in this type of career and want to learn more info about long term opportunities in the field. Thanks for all of the advice, I really appreciate it!
Let's say, for example, that I land an entry-level job as a quantitative trader after getting my MFE. What would be a typical career progression from there?
Is it common for people to eventually move into areas such as portfolio management.
Additionally, is it uncommon for people with MFEs to eventually move into the 7-figure salary range?
Good call. I had this guide a while ago but forgot to add to the list. It's been added now. Max Dama is a member here, btw.Andy Nguyen you should add this to the master reading list