why do london HF quant jobs pay so much less than NY???? wanted to move there but can barely afford it on 100k post phd...
London Property Prices -> Toilet
-
why do london HF quant jobs pay so much less than NY???? wanted to move there but can barely afford it on 100k post phd...
because quants are code monkeys
you should generate pnl to make real money in the industryin quant funds all pnl is generated by quants...
Starting salaries at citadel/twosigma/p72 etc for quant researchers is like 250k USD all in post phd, why is it less than half in London??
-
Lived in Kensington and Holborn. Felt safe at all times basically. As far as London suburbs go, I think there is a misconception here. If you are actually english, it might be acceptable for you to live there, but if you are an expat, you wanna live in a part of London that makes it somewhat interesting. Belgravia, kensington etc. are super safe
Who lives in Holborn?! What's interesting around there?
It was rather accidental, but you can walk to covent garden and soho, and yet i lived in a relatively quiet place. I enjoyed it.
Did this ‘accidental’ way you ended up living in soho involve a drag act and you having too much to drink?
-
why do london HF quant jobs pay so much less than NY???? wanted to move there but can barely afford it on 100k post phd...
because quants are code monkeys
you should generate pnl to make real money in the industryin quant funds all pnl is generated by quants...
Starting salaries at citadel/twosigma/p72 etc for quant researchers is like 250k USD all in post phd, why is it less than half in London??there aren't that many "quant" risk-taking positions in london
distribution largely consists of risk/support type of quantsbut in any case, here are the numbers
-
why do london HF quant jobs pay so much less than NY???? wanted to move there but can barely afford it on 100k post phd...
because quants are code monkeys
you should generate pnl to make real money in the industryin quant funds all pnl is generated by quants...
Starting salaries at citadel/twosigma/p72 etc for quant researchers is like 250k USD all in post phd, why is it less than half in London??there aren't that many "quant" risk-taking positions in london
distribution largely consists of risk/support type of quants
but in any case, here are the numbers
http://www.octaviusfinance.com/main/wp-content/uploads/2019/11/Salary-Benchmarking-Quant-Research.pdfthanks a lot. yeah I noticed that banks seem to dominate the quant market in London compared to what it's like in NY. It's odd, but I guess one can move back to london later on.
-
https://www.ft.com/content/203cc83c-72b0-49c9-bea5-6fb38735a8fc
Cities count cost of lasting exodus from offices
Companies prepare plans for a more permanent flexible way of working following pandemicEmployers are bringing increasing numbers of white collar staff back to their offices, but they are also planning radical shifts in working patterns that risk inflicting permanent economic scars across the UK.
Working from home became a reality for millions of employees during the coronavirus lockdown, and despite calls by Prime Minister Boris Johnson for staff to now return to offices, future arrangements are highly uncertain because of a resurgence in Covid-19 cases and a lack of clarity on when a vaccine will be ready.
But Financial Times research has found that business leaders are proposing big changes to working patterns that will have far-reaching consequences for the urban economy.
Companies are preparing plans for flexible use of offices by ever more agile workforces. Executives said offices would be used by staff for meetings and socialising, rather than traditional nine to five desk-bound work.
Legal & General, for example, said that the insurer wanted to get to a point where four-fifths of its 7,000 UK employees could spend some of their time — “a few days per week or fortnight” — in the office. The remainder would be spent working from home.
The uncertainty over working arrangements is demonstrated by how economists said there were three possible scenarios for the future.
First, if a Covid-19 vaccine rapidly becomes available, the vast majority of workers will return to the office and resume their old habits. Second, should the virus persist, most staff will work from home to try to stay safe.
But business leaders said a third scenario postulated by economists was the most plausible: that workers will do a permanent blend of home and office working.
PwC, the accounting firm, said: “In the future, we expect that all of our 22,000 people will use the office on some days.” The professional services industry is one of the sectors recording a very slow return of workers to offices.
Nick Bloom, a professor at Stanford University, said his research into corporate attitudes towards homeworking since the pandemic showed “firms are increasingly positive on working from home and stigma associated with the practice has collapsed”.
“This means the demand to work in offices will be down and skyscrapers are a cursed building,” he added.
Data from the Centre for Cities, a think-tank, show that footfall has recovered fastest in towns and smaller cities where relatively few people use public transport, providing evidence that worker reluctance to ride on mass transit systems explains why many are keen to operate from home.
And it is not just about transport infrastructure. Julie Page, chief executive of Aon UK, the insurance broker, said its City of London office — in the 47-storey Cheesegrater building — posed challenges.
For example, it would not be productive for staff to have to wait a long time to use one of the lifts, she added. “There is a pullback to the office, but the balance will be flexible,” said Ms Page. “We will use offices differently.”
The immediate economic damage to large cities across the UK, and particularly inner London, is clear. The City of Westminster will suffer a 63 per cent drop in gross value added in 2020, knocking about £48bn from its economic activity this year, according to analysis by the Westminster Property Association, a trade body.
Splits among policymakers are further accentuating uncertainty over working arrangements. While Mr Johnson wants more employees back in the office, the Welsh government said on Sunday that 30 per cent or more of...See full post
-
Imagine those who bought a flat in an overcrowded building in Shoredicth. Lol
Yes, but they used leverage...
Lol. I want to see what happens to their mortgages when they have to pay 5k for a property that can be rent for 2k
Personal default and go back to their country
-
Zone 2 and 3 will be fine, so will places near parks and good schools ...
If the price of zone 1 collapses, why would anyone want to buy in zones 2 and 3?
A price collapse is what London needs. The UK is a country with wealth but without income.
This. But it's extremely hard to digest for a Tory Government
-
Zone 2 and 3 will be fine, so will places near parks and good schools ...
If the price of zone 1 collapses, why would anyone want to buy in zones 2 and 3?
A price collapse is what London needs. The UK is a country with wealth but without income.
This. But it's extremely hard to digest for a Tory Government
Measure nr. 1 was to immediately cut the stamp duty. This tells you about their priorities. Nr. 2 they are trying to force everybody to go back to the office. They are really terrified by the prospect of prices in the centre falling.
-
Sure there is Knife Crime. But there is crime in London everywhere now. My friend, who works out on a regular basis and is over 6 foot tall, and an MD at a leading Investment bank, got mugged in front of his kids school in Marylbone. The guys waited for a parents evening and then attached him when he took a call and wasnt looking.
Maybe but it happens less often. I started learning BJJ at Roger's school because I've been mugged twice when I was living in Southern London. At the same time I've moved to South Ken, and never needed any of that.
I go to the same school.
Me too. Maybe for safety reasons we should escort each other on our ways back home on late evenings?