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Thread: 33 Goods vs 32 No Goods

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Quant job London

Economist
03a1

Does anyone have experience with interviewing/getting a top quant job in The City with a PhD in Finance (thesis focus: macroeconomic theory with fairly good level of computational stuff involved)? I would like to know how to sell our PhD degree in what people call as 'soft science' to fetch jobs which also attracts STEM grads. As far as I have inquired, not many quant firms hire at AFA so I would have to try my luck through networking/recruitment agencies.
I am talking about jobs like these:
http://hunterbond.com/jobs/1785/Software-Developer---Researcher---Quant-Fund---?150,000-base
http://hunterbond.com/jobs/1390/Python-Developer----Quant-Development---?150,000

I got a CompSci BS from developing country before enrolling for PhD (relatively unknown school). Good at programming (OOP, HPC etc).

8 months ago # QUOTE 0 Good 0 No Good !
Economist
37b0

PhD in Finance is not for quant jobs. No chances for you.

8 months ago # QUOTE 1 Good 1 No Good !
Economist
ce1a

tbh they'd rather take an Oxford History grad who did some linear algebra and multivar in their "Further Maths" A-level.

It's more about pedigree and IQ than "relevant skills" - all those can be taught on the job quickly.

8 months ago # QUOTE 2 Good 8 No Good !
Economist
fc12

tbh they'd rather take an Oxford History grad who did some linear algebra and multivar in their "Further Maths" A-level.
It's more about pedigree and IQ than "relevant skills" - all those can be taught on the job quickly.

Oxford history grads systematically have higher IQ than PhDs in finance? I don't understand the logic.

8 months ago # QUOTE 4 Good 2 No Good !
Economist
ce1a

tbh they'd rather take an Oxford History grad who did some linear algebra and multivar in their "Further Maths" A-level.
It's more about pedigree and IQ than "relevant skills" - all those can be taught on the job quickly.

Oxford history grads systematically have higher IQ than PhDs in finance? I don't understand the logic.

Quite possibly. Depends where the PhD in Finance is from and what undergrad institution was attended prior to that.

HYPSMC/Oxbridge undergrad IQs are highest. Students from those schools who proceed to do a PhD in Finance will, on average, be more intelligent than those who don't - however, that in no way implies than an average PhD in Finance is more intelligent than an average HYPSMC/Oxbridge undergrad.

8 months ago # QUOTE 0 Good 8 No Good !
Economist
ce1a

Also - by the way - I'm talking about perceptions and averages ^^

8 months ago # QUOTE 0 Good 0 No Good !
Economist
02ea

tbh they'd rather take an Oxford History grad who did some linear algebra and multivar in their "Further Maths" A-level.
It's more about pedigree and IQ than "relevant skills" - all those can be taught on the job quickly.

Oxford history grads systematically have higher IQ than PhDs in finance? I don't understand the logic.

Quite possibly. Depends where the PhD in Finance is from and what undergrad institution was attended prior to that.
HYPSMC/Oxbridge undergrad IQs are highest. Students from those schools who proceed to do a PhD in Finance will, on average, be more intelligent than those who don't - however, that in no way implies than an average PhD in Finance is more intelligent than an average HYPSMC/Oxbridge undergrad.

You can verify from my dad's case.

8 months ago # QUOTE 2 Good 0 No Good !
Economist
4f07

You can find a job like these. You just need the right programming skills and a signal that you are a good programmer

8 months ago # QUOTE 0 Good 0 No Good !
Economist
474b

Does anyone have experience with interviewing/getting a top quant job in The City with a PhD in Finance (thesis focus: macroeconomic theory with fairly good level of computational stuff involved)? I would like to know how to sell our PhD degree in what people call as 'soft science' to fetch jobs which also attracts STEM grads. As far as I have inquired, not many quant firms hire at AFA so I would have to try my luck through networking/recruitment agencies.
I am talking about jobs like these:
http://hunterbond.com/jobs/1785/Software-Developer---Researcher---Quant-Fund---?150,000-base
http://hunterbond.com/jobs/1390/Python-Developer----Quant-Development---?150,000
I got a CompSci BS from developing country before enrolling for PhD (relatively unknown school). Good at programming (OOP, HPC etc).

Why bother? With Brexit on the horizon, your job might only last 6 months. Seek employment elsewhere.

8 months ago # QUOTE 2 Good 0 No Good !
Economist
37b0

Brexit is irrelevant.

Does anyone have experience with interviewing/getting a top quant job in The City with a PhD in Finance (thesis focus: macroeconomic theory with fairly good level of computational stuff involved)? I would like to know how to sell our PhD degree in what people call as 'soft science' to fetch jobs which also attracts STEM grads. As far as I have inquired, not many quant firms hire at AFA so I would have to try my luck through networking/recruitment agencies.
I am talking about jobs like these:
http://hunterbond.com/jobs/1785/Software-Developer---Researcher---Quant-Fund---?150,000-base
http://hunterbond.com/jobs/1390/Python-Developer----Quant-Development---?150,000
I got a CompSci BS from developing country before enrolling for PhD (relatively unknown school). Good at programming (OOP, HPC etc).

Why bother? With Brexit on the horizon, your job might only last 6 months. Seek employment elsewhere.

8 months ago # QUOTE 0 Good 1 No Good !
Economist
dfc4

This. I can confidently give a solid HYPSMC/Oxbridge undergrad a couple of textbooks e.g. S&B + something on stats, + an EdX course, and in one summer they'll be sharper and more valuable than 99% of non-HRM STEM majors

tbh they'd rather take an Oxford History grad who did some linear algebra and multivar in their "Further Maths" A-level.
It's more about pedigree and IQ than "relevant skills" - all those can be taught on the job quickly.

8 months ago # QUOTE 2 Good 6 No Good !
Economist
fb3b

tbh they'd rather take an Oxford History grad who did some linear algebra and multivar in their "Further Maths" A-level.
It's more about pedigree and IQ than "relevant skills" - all those can be taught on the job quickly.

Oxford history grads systematically have higher IQ than PhDs in finance? I don't understand the logic.

Quite possibly. Depends where the PhD in Finance is from and what undergrad institution was attended prior to that.
HYPSMC/Oxbridge undergrad IQs are highest. Students from those schools who proceed to do a PhD in Finance will, on average, be more intelligent than those who don't - however, that in no way implies than an average PhD in Finance is more intelligent than an average HYPSMC/Oxbridge undergrad.

Lol this is pure academic masterbation, top quant funds hire math and physics phds. Wtf is this guy talking about

8 months ago # QUOTE 2 Good 1 No Good !
Economist
fb3b

This. I can confidently give a solid HYPSMC/Oxbridge undergrad a couple of textbooks e.g. S&B + something on stats, + an EdX course, and in one summer they'll be sharper and more valuable than 99% of non-HRM STEM majors

tbh they'd rather take an Oxford History grad who did some linear algebra and multivar in their "Further Maths" A-level.
It's more about pedigree and IQ than "relevant skills" - all those can be taught on the job quickly.

All the quant funds that don’t do this disagree with you

8 months ago # QUOTE 1 Good 1 No Good !
Economist
6b4e

This. I can confidently give a solid HYPSMC/Oxbridge undergrad a couple of textbooks e.g. S&B + something on stats, + an EdX course, and in one summer they'll be sharper and more valuable than 99% of non-HRM STEM majors

tbh they'd rather take an Oxford History grad who did some linear algebra and multivar in their "Further Maths" A-level.
It's more about pedigree and IQ than "relevant skills" - all those can be taught on the job quickly.

lol this isnt true at all. A lot of social types at HRMs are functionally innumerate and simply not capable of grasping quantitative reasoning.

Go to a sociology/English/etc seminar at a HRM. These people may have high verbal intelligence but their logical/quantitative reasoning ability is almost non-existent.

8 months ago # QUOTE 5 Good 0 No Good !
Economist
6b4e

'social types = 'social science types'.

8 months ago # QUOTE 1 Good 0 No Good !
Economist
db17

Hi OP, you have a good chance given that you have the particular skill-set that they are looking for. Just do your best and try to network as much as you can. At the end of the day It's just a networking game. That's what these guys are talking about.

8 months ago # QUOTE 2 Good 0 No Good !
Economist
b08f

Remember to take off your shoes at the interview

8 months ago # QUOTE 0 Good 1 No Good !
Economist
3373

LOL @ Oxford students. They are not selected based on IQ, dude... They dont even have SAT or something like that.

8 months ago # QUOTE 1 Good 0 No Good !
Economist
ce1a

LOL @ Oxford students. They are not selected based on IQ, dude... They dont even have SAT or something like that.

Oh dear - This has been cleared up before. With my daughter recently having gone through the admissions process, I'll share with you my findings.

The SAT is, to an extent, revisable for, and thus does not measure intelligence. At Oxford (and at Cambridge too, but it plays a less important role) they have assessment tests, such as the thinking skills assessment (TSA), on which, as much as you prepare for it, your score does not change (5% max based on finishing on time, say). It, thus, measures pure raw intellect.

Not to mention, data actually shows that SAT scores are highly correlated to A levels (which are, certainly, revisable for). I think the data implied something like 1550 SAT being roughly equal to A*A*AA in A levels. My daughter is at a UK boarding school and she said that amongst her and her friends, those who got in typically had 3/4A*. Average Harvard SAT is only 1520 or something... She also used to go to an American high school (prior to sixth form here in the UK), where l think they had 3 years of straight Oxford rejections with all rejectees accepting places at Harvard, Stanford, Penn and the like.

In case you're interested, my daughter herself holds offers for Oxford, Yale, Princeton, and a few backups. Tough decision in the upcoming weeks to make.

8 months ago # QUOTE 1 Good 0 No Good !
Economist
fb3b

LOL @ Oxford students. They are not selected based on IQ, dude... They dont even have SAT or something like that.

Oh dear - This has been cleared up before. With my daughter recently having gone through the admissions process, I'll share with you my findings.
The SAT is, to an extent, revisable for, and thus does not measure intelligence. At Oxford (and at Cambridge too, but it plays a less important role) they have assessment tests, such as the thinking skills assessment (TSA), on which, as much as you prepare for it, your score does not change (5% max based on finishing on time, say). It, thus, measures pure raw intellect.
Not to mention, data actually shows that SAT scores are highly correlated to A levels (which are, certainly, revisable for). I think the data implied something like 1550 SAT being roughly equal to A*A*AA in A levels. My daughter is at a UK boarding school and she said that amongst her and her friends, those who got in typically had 3/4A*. Average Harvard SAT is only 1520 or something... She also used to go to an American high school (prior to sixth form here in the UK), where l think they had 3 years of straight Oxford rejections with all rejectees accepting places at Harvard, Stanford, Penn and the like.
In case you're interested, my daughter herself holds offers for Oxford, Yale, Princeton, and a few backups. Tough decision in the upcoming weeks to make.

Is this a troll? I’m a state school undergrad from a college you never heard of. I work at a quant fund now, we reject ivy leagues all the time.

8 months ago # QUOTE 1 Good 1 No Good !

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