Opportunities for Quant Roles in 2023

[micawberw]

Hello All,

It appears that the next year will see the UK (and other parts of the world) entering a prolonged recessionary period.

For those with better insights (or perhaps those around pre- and post-2008), what impact do you think this period of stagnation will have on quantitative finance careers? In my case I'm interested in entry-level/graduate roles, although I'd also like to see how people anticipate it will impact hiring across the board (e.g. a complete freeze for some period? An x% reduction in open roles? Might different specialisms be more resilient?)

I'm aware that nobody has a crystal ball and responses will be dependent on the extent of the current cost of living crisis and various external factors, however it would be useful to gauge the sentiment of the forum.

Thanks,
micawberw

 

[AppliedMath]

Banks and Hedge Funds have taken some major losses this and last year. The stresses of inflation and recession that cause these losses could mean layoffs and less opportunities for new graduates.

 

[CrossGamma]

Banks and Hedge Funds have taken some major losses this and last year. The stresses of inflation and recession that cause these losses could mean layoffs and less opportunities for new graduates.

Many electronic trading firms have very good years due to market volatility.

 

[AppliedMath]

mispost.