More Bad Advice About Quants

Описание: I know many people want to give advice however there is always the question, "are you giving good advice?" This question is always in the back of my mind as I make videos. I wonder, maybe my advice is only good for a specific job, person, or country. Or maybe the advice is just wrong.

Today I will discuss some topics that drive me crazy as I view them as bad advice. I am defining it as bad advice as the results I have seen from people following this advice results in disappointment, wasted time, and unhappy people as the expectation is not what results from these decisions. Perhaps I am the crazy one, so think it through and don't take my word for it.

Ivy League schools won't make or break you in quant finance doing model development. For trading it matters, but I don't care about traders.

An undergrad won't get you a job building complex models. You might be doing simple or low-end model development but it is very rare to be doing complex model development. The reason for this is simple, you won't have the skills. Most graduate students don't even have enough skills after grad school, and these people we weed out in interviewing.

Math people are NOT dirty and lazy and they DON'T need the business programs to polish them. Some of the worst behavior in the industry I have seen comes from business students from uptight business programs. Now that being said I will provide some perspective on the stereotype of PhDs and how you need to be extra careful how you present yourself if you want a job.


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