From Academy to Quant research

Wow, that's interesting. It's possible that I will need that book at some point.

What do you think of companies such as "Into City Prep"? They offer a paid internship (in the sense that I need to pay them) and guarantee I will find a job after that. It is worth mentioning that they were among the fastest in replying to my application :D
Paid-for internships such as this one or Amplify Trading can even be a negative as they are a signal that you didn't make it into a “normal” (read: competitive) internship.
 
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I had my first oral interview yesterday and I think it was good. This is for an internship position. But... I still think that at some point something is going to be wrong. How realistic is to be hired for £120.000 in London?
If we already know that it's almost impossible, I hope to do an internship at some banks instead.
 
I got this feedback from a company that rejected my application for an internship (without any assessment).

I appreciate you are disappointed for not being shortlisted for the next stage of interviewing.



It is difficult to provide feedback for each candidate considering we have received 550+ applications in the last 3 weeks alone. Only less than 5% of candidates were invited to take the TM assignment. We had some outstanding candidates who were shortlisted for the next round of interviewing due to their relevant skills and experience, closer to what we are looking for.



You have a strong academic record but no commercial experience or internship exposure which is obviously preferred.

Please find below a brief list of resources which include a few recommendations: links, articles and books for FS (Financial Services). You might find it useful in your pursuit of developing a career within Financial Services industry. Good luck with your search.

To be honest, on their website they do not mention commercial experience but emphasize a strong accademic background instead.
I really cannot understand. How can I find a job if I need to compete with 550+ candidates, each one with an outstanding commercial experience?
 
To be honest, on their website they do not mention commercial experience but emphasize a strong accademic background instead.
I really cannot understand. How can I find a job if I need to compete with 550+ candidates, each one with an outstanding commercial experience?
Obviously not each of these will have relevant experience, thus only 5% being selected for the next round. You weren't what they were looking for - bad luck, move on. I don't see the point of this latest post.
 

Daniel Duffy

C++ author, trainer
small question: in the title, by "Academy" you probably mean "academia"?
Academy is a highly overloaded word. Some people mighy confuse it with Hollywood.
 
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Yes, sorry.

Btw, a company where I reached the stage 3 of their selection process has rejected me because of severe lack of programming and data science/ML knowledge.
I think their internship announcements are slightly misleading because they do not make clear what is really required to have a realistic chance.
I definitely need to study after my PhD.
 
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Daniel Duffy

C++ author, trainer
No problem. It's just native English screechers might get confused.

severe lack of programming and data science/ML knowledge.
These days you won't get far without them. This should be clear at this stage.


I definitely need to study after my PhD.
Probably too late. IMHO

Why not try to embed some applied/numeric maths into the PhD. Pure maths (and certainly w/o programming) is not directly useful. Pure maths can be a solution looking for a problem. "mettere il carro davanti ai buoi"

This is the best C++ course.

 
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Daniel Duffy

C++ author, trainer
I studied analisi numerica in Pavia some years ago.
And I did 5 years of private lessons the hard-core way. Knowing Latin is useful.

I would say it is never too late as such altho' I would recommnend to hurry up. Festina lente.
 
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Agree. Even though I cannot really understand why graduate teaching assistant is not regarded as a commercial experience (or why the PhD itself is not a commercial experience). I suspect that what they really mean is "I don't like that you have only been in a university so far" :)
 
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