p-quant? q-quant?

[jiakewei]

There is no such program called QUANT in university, and I really get confused by what does QUANT mean and what does a QUANT do in his/her real work.
After googling and viewing quantnet, in my very limited opinion, there are two types of quant--p-quant and q-quant.

In my very limited opinion, q-quant 's job is pricing. My question is: What kind of knowledge does a q-quant have to have in order prepare for their job? Stochastic calculus? PDE? Besides, what kind of phd does a q-quant usually hold? Applied math?

Also, what is p-quant? What do they do in real jobs? What skills do they use in real work? Time series analysis?
What degree do they usually hold? Statistics phd?

Besides, it looks like data science, machine learning and statistical learning (I am not sure whether or not they are the same thing) is a hot topic now. Do they have application in quantitative finance?


Any word will be appreciated, thank you in advance.

 

[Daniel Duffy]

You are over-thinking it IMHO.

There is no such program called QUANT in university
Why not?

 

[Andy Nguyen]

https://www.quantnet.com/threads/p-...n-the-two-areas-of-quantitative-finance.6657/

 

[jiakewei]

You are over-thinking it IMHO.

There is no such program called QUANT in university
Why not?

I do think I am over-thinking considering my limited academic knowledge.
Thank you.

 

[Daniel Duffy]

I do think I am over-thinking considering my limited academic knowledge.
Thank you.

Fair enough. But your questions are very general and open-ended.

 

[jiakewei]

Fair enough. But your questions are very general and open-ended.

Yes, sometimes the best strategy to solve one's curiosity is to study.....

 

[jiakewei]

https://www.quantnet.com/threads/p-...n-the-two-areas-of-quantitative-finance.6657/

Thanks a lot for the article.

Besides, one more question, what is the degree people in p-area usually hold? Looks like statistics phd? CS phd?

 

[Daniel Duffy]

Yes, sometimes the best strategy to solve one's curiosity is to study.....

I suppose parsimony (less is more) is optimal to avoid proliferation of terms. The word 'quant' means nothing and everything. In C++, we say it is (heavily) overloaded.