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sfca


Total Posts: 904
Joined: May 2004
 
Posted: 2006-06-06 18:55

I'd like to see P&D's paper too if you could send it to  sfca at math.com. 

As for the MJ paper, I like it except for the credit quant part.  Those doing Basel, at least in my experience, need very limited quant skills and I might not even label them as quants.  However, those doing credit default swap products are not mentioned, but should be as the credit quants.  That involves what I consider serious quant work with economics and more advanced statistics thrown in to do the requisite copulas, correlation modeling, tranche pricing and such.  Just my 2 cents.   


Mistyk


Total Posts: 92
Joined: Feb 2005
 
Posted: 2006-06-06 19:24
I just read an old post by DCFC (from whom I got the guide) at the other place: "The protocol is that you send me your CV, I send you the Guide.", so I'm not sure that he'd want me to pass it on...

NS
Certified Headhunter

Total Posts: 264
Joined: May 2006
 
Posted: 2006-06-06 19:26

"Those doing Basel, at least in my experience, need very limited quant skills and I might not even label them as quants.  However, those doing credit default swap products are not mentioned, but should be as the credit quants."

I think that MJ is referring to quants that sit within credit risk - these guys are really middle office - as opposed to front office quants within fixed income that deal with credit products.


sfca


Total Posts: 904
Joined: May 2004
 
Posted: 2006-06-06 20:29
Mistyk:  I sure would not want a paunchy middle aged mean-spirited programmer whose only claim to fame is that he knows how to integrate Excel and C++ to be upset with you, so you don't need to send it.  Thanks anyway. 

mj


Total Posts: 1049
Joined: Jun 2004
 
Posted: 2006-06-07 01:24
i think people always get confused between credit quants and credit derivative quants...

This reminds me, I meant to do a break down of areas. I'll add that in.

Whilst a lot of the Basel stuff is regulatory garbage, there is a need for decent mathematicians too.

mj


Total Posts: 1049
Joined: Jun 2004
 
Posted: 2006-06-07 01:50

Attached File: advice3.pdf

 

ok added another section.

 


electrical


Total Posts: 47
Joined: Jan 2006
 
Posted: 2006-06-07 01:56
MJ: this looks like the same as the one earlier today...at least the section count and ordering is the same.

mj


Total Posts: 1049
Joined: Jun 2004
 
Posted: 2006-06-07 02:14

ok try again....

 

Attached File: advice4.pdf


electrical


Total Posts: 47
Joined: Jan 2006
 
Posted: 2006-06-07 03:59
yes, this one has a new section. thanks.

Jurassic


Total Posts: 361
Joined: Mar 2018
 
Posted: 2020-03-27 14:42
sorry to dig this up but why is there predujice against applied maths and physics graduates for quant positions? I dont totally understand the problem with pure maths graduates either


Patrik
Founding Member

Total Posts: 1364
Joined: Mar 2004
 
Posted: 2020-03-27 16:59
not against, towards. e.g. favour people more likely to have some hands on experience juggling data, programming, etc.

obviously a broad brush statement, there'll be more theoretical people that have done a lot of hands-on work, and many more applied people with no interesting skills on that side.

Capital Structure Demolition LLC Radiation

Jurassic


Total Posts: 361
Joined: Mar 2018
 
Posted: 2020-03-28 12:16
Ah sorry I misread.

Still dont fully understand whats wrong with pure maths. I dont think many people will walk out of any physics or applied math programmes and have any ability in coding (one module in java doesnt count).
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