- Joined
- 11/6/14
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Hi All,
Tried the career advice section, but no bites.
I'm a qualified investment actuary, my academic background focuses in Time Series, Stochastic Calculus, Derivative pricing and Risk Measurement techniques.
In order to get a quant job I need to do an MFE program (there's a lot of overlap with what I've done), but first I need to pay for it and to do so I need to chose between the two jobs I have been offered below:
US - Hedging software development for insurers. The job is building hedging software (derivative focus) in C++. The main focus is to build in and project dynamic hedging strategies, so stochastic on stochastic simulation utilising parallel computing.
Taking this option I would need to go to a US school - Columbia/MIT/NY unis.
UK - Asset Liability Management at a Life insurer. The role will be to build their modeling capabilities from scratch, make investment decisions, evaluate and enter into derivative contracts to de-risk or generate revenues and portfolio optimisation (while minimising Economic capital requirements). Their equity management is outsourced, but I would have control over derivative policy.
Taking this option I will go to Imperial, Cambridge or another Russell group (like Warwick).
Which background do you think would best prepare me for quant risk management?
Tried the career advice section, but no bites.
I'm a qualified investment actuary, my academic background focuses in Time Series, Stochastic Calculus, Derivative pricing and Risk Measurement techniques.
In order to get a quant job I need to do an MFE program (there's a lot of overlap with what I've done), but first I need to pay for it and to do so I need to chose between the two jobs I have been offered below:
US - Hedging software development for insurers. The job is building hedging software (derivative focus) in C++. The main focus is to build in and project dynamic hedging strategies, so stochastic on stochastic simulation utilising parallel computing.
Taking this option I would need to go to a US school - Columbia/MIT/NY unis.
UK - Asset Liability Management at a Life insurer. The role will be to build their modeling capabilities from scratch, make investment decisions, evaluate and enter into derivative contracts to de-risk or generate revenues and portfolio optimisation (while minimising Economic capital requirements). Their equity management is outsourced, but I would have control over derivative policy.
Taking this option I will go to Imperial, Cambridge or another Russell group (like Warwick).
Which background do you think would best prepare me for quant risk management?
