- Joined
- 6/18/12
- Messages
- 3
- Points
- 11
Hello All,
My name is David and I'm a newbie here. I'm interested in getting a job in a hedge fund or an ibank. I would really appreciate your guidance. My background is in math and statistics.
Q1: Who gets hired by hedge funds? Traditional finance people or quants? What's the percentage? To me those are very distinguish fields and their job functions are very different. I have heard math has been overly emphasized in this industry. But I also found the traditional finance analyst job tedious. What's the trend and how fast is it going?
Q2: If a "true quant" has to be a PhD in math or physics, where do masters in applied math, statistics or computer science fit into? Neither PhD, nor finance background.
Q3: Since my background is in statistics, I really don't know much about traditional finance and accounting. How much do I need to know and where should I start? I'm newly admitted to Harvard's computational science and engineering program. I wonder if I should focus myself on quantitative math, data mining, or should I also learn some finance? If some finance, what kind of finance? Basic accounting or quantitative asset pricing? Why?
Q3: What's the industry outlook? I have heard the entry level salary ranges from $100,000 to $300,000. I'm more concern about the industry's future in comparison with say data science in a tech company.
Q5: Other useful advice?
Really appreciate any help.
My name is David and I'm a newbie here. I'm interested in getting a job in a hedge fund or an ibank. I would really appreciate your guidance. My background is in math and statistics.
Q1: Who gets hired by hedge funds? Traditional finance people or quants? What's the percentage? To me those are very distinguish fields and their job functions are very different. I have heard math has been overly emphasized in this industry. But I also found the traditional finance analyst job tedious. What's the trend and how fast is it going?
Q2: If a "true quant" has to be a PhD in math or physics, where do masters in applied math, statistics or computer science fit into? Neither PhD, nor finance background.
Q3: Since my background is in statistics, I really don't know much about traditional finance and accounting. How much do I need to know and where should I start? I'm newly admitted to Harvard's computational science and engineering program. I wonder if I should focus myself on quantitative math, data mining, or should I also learn some finance? If some finance, what kind of finance? Basic accounting or quantitative asset pricing? Why?
Q3: What's the industry outlook? I have heard the entry level salary ranges from $100,000 to $300,000. I'm more concern about the industry's future in comparison with say data science in a tech company.
Q5: Other useful advice?
Really appreciate any help.