What kind of specific education background would lead to a career as a quant trader?

Discussion in 'Professional Trading' started by ezbentley, Jun 23, 2009.

  1. rosy2

    rosy2

    the reality is that you have to know how to program. the degrees looked at are usually math. engineering, cs. the better the school name the better it is.

    most of the math involved is not even close to phd work, its closer to high school work. and the strategies are more street smarts ("street" meaning you can take advantage of markets from a programming point of view)

    it all comes down to programming. if you cannot program the guy that can will do it and you will be useless. i dont believe you can hire a programmer to do the work and you do something else. programming is the prerequisite, without it you just sit there.
     
    #41     Jun 24, 2009
  2. But the fact is you never made a dime from trading. We all thought you had taken the high road and left ET because you were proven to have nothing left but your moth-holed underwear.

    Don't come back now with memoirs of past fantasies.

    Just enjoy your Iterative Retirement.
     
    #42     Jun 24, 2009
  3. A lot of people say it's high school math, but I find myself at odds with traders who only understand the math at a high school level. The fact of the matter is that you need someone with a real statistics (maybe MA Math-Finance or MFE) to do your risk calculations correctly. This isn't to say you can't learn and iteratively refine your models, but it's the crisp reports from statisticians that make the job go smoother.

    Not to plug my profession or anything.
     
    #43     Jun 24, 2009
  4. Stosh

    Stosh

    And don't forget the importance of a good grounding in astronomy. The moon and stars have a lot to do with cycles
    on the earth. Also learning to compose music and play tennis are helpful. Stosh
     
    #44     Jun 24, 2009
  5. phd. degree in bootlicking ... an internship in a...s kissing is a definite advantage
     
    #45     Jun 27, 2009
  6. Here's an eighth grade Earth Science question for example.

    http://www.elitetrader.com/vb/showthread.php?s=&postid=2483950#post2483950

    Lets see how Lo does, either the MIT Lo or lolatency will do....Lo l....
     
    #46     Jun 28, 2009