Everything you need to know to become a quant trader (in 2024) + sample interview problem

Рет қаралды 40,424

Күн бұрын

This is an UPDATED version of my 2021 video on what you need to know to break into to quant trading as a quant trader. In this video I include an additional ONLINE resource that wasn't available back in 2021, as well as go through a sample interview problem with you. I also include 5 books, two of which are familiar and three or which are new and more applicable to the skills you need to develop in 2024. These resorces will make sure you are interview ready for any junior quant trader role. I also go over how to answer quant trader interview qestions with an example from quantguide.io
Online resource: www.quantguide.io/codingjesus
Option Volatility and Pricing: amzn.to/3Wu4NNX
Option Market Making: Trading and Risk Analysis for Financial and Commodity Option Markets: amzn.to/4b6IItq
Python for Data Analysis: amzn.to/4a7iFRm
Bayesian Statistics the Fun Way: amzn.to/3UtIzJB
Inside the Black Box: A Simple Guide to Quantitative and High Frequency Trading: amzn.to/4b1Nmsx
Instagram: / thecodingjesus
Calendly (1-on-1 with me): calendly.com/coding-jesus
Patreon: / codingjesus
Email: thecodingjesus@codingjesus.com
00:00 intro
00:53 online resource
02:13 book 1
03:45 book 2
05:22 book 3
06:13 book 4
07:29 book 5
08:40 sampe interview problem
13:18 outro

Пікірлер: 167

@CodingJesus Ай бұрын

Anon, were you able to solve the practice interview problem by yourself, or are you cooked?

@r0visionary190 Ай бұрын

I solved the problem. At first I thought I need to use derivatives and integrals, but I realised I was thinking too much and that with a more simple approach I could find it. My approach was to find the expression of the river in terms of time and lenght of the river. After I add this speed with the speed of the person in the second situation (3 feets per second) to make it equal to the total speed which is the length of the river over 4. I got : x/6 + 3 = x/4 and I found x = 36 feets. Anyways, the video was very interesting!

@mrnoble3896 Ай бұрын

@@r0visionary190 yeah i get your approach ,you took it in terms of speed i think this is the fastest approach

@r0visionary190 Ай бұрын

@@mrnoble3896 May be

@user-wc3qj9kb2l Ай бұрын

solved it as a HS student (3 + d/6)*4 = d solving the equation, d = 36, dunno if i just got lucky and my method is wrong but that looks like an AMC 10 problem

@fergalhennessy775 Ай бұрын

DICE PROBLEM SOLVED We roll a dice until we get a 6. What is the expected number of rolls until we do, given that we roll a 6 before we roll a 5? Note that rolling {1, 2, 3, 4} does not impact the outcome of the game. rolling {5} or {6} immediately end the game in failure or success respectively. We roll until we get a 5 or a 6, which has probability 1/3 of happening. The expected number of rolls is 3. Note that the outcome of a decisive roll is always 6 because we delete any sequences which roll a 5! Therefore the expected number of rolls for the entire game is 3.

@Three.Six.Nine. Ай бұрын

You should make a videon ranking Programming Languages or Math topics for Quants

@CodingJesus Ай бұрын

Will be next weeks video, I like the idea.

@r0visionary190 Ай бұрын

@@CodingJesus I think you should also make a video on the exit opportunities of quant (trading/researcher/pm/etc.). I have made some researches, but it's like there is no real exit opportunities for quants. May be I'm wrong. It would be interesting if you can clarify that.

@CodingJesus Ай бұрын

@@r0visionary190 Quant is the end-game.

@jamielam8744 Ай бұрын

@@CodingJesusthat is excellent thx

@Prasadavajjhala Ай бұрын

@@CodingJesus that would be brilliant. Could you also advise on possible courses offered via Udemy/coursera/freecode camp? I know its a big request. cheers

@veerpatel6719 Ай бұрын

The way you thought about that problem was interesting. I’m entering university next year and have watched your recommended uni courses video. I liked it. Thanks

@MaltoonYezi Ай бұрын

Just glad that you've resurfaced. Good luck!

@lg2058 Ай бұрын

Too much math and hassle. Back to head and shoulders patterns.

@bilalshaikh6603 Ай бұрын

😂😂

@gti_patryk3567 11 күн бұрын

This is a golden comment haha

@Zillionera 11 күн бұрын

Fr tho

@tiongezimba3293 2 күн бұрын

LMAO 😭😭😭😭😭 bruh read my mind

@chiragjain9157 Күн бұрын

Yes back to losses🎉🎉

@projectetus Ай бұрын

Striaght to the point and full of value. Thanks for coming back on youtube, been missing you man.

@kelvinmontage9001 Ай бұрын

YOOOOOO, CJ seriously thank you so much. Wow 😭😭

@avgb2115 Ай бұрын

Been missing you lot bro, you provide honest reviews.

@_jesus247 Ай бұрын

This is helpful. Thank you for sharing!

@martimmarques2114 Ай бұрын

Great content!!! Keep up man

@stevenayare6097 Ай бұрын

You should make a video on Jim Simons on his contributions to this industry

@kiwizor9962 Ай бұрын

'contribution to this industry'? what? you mean how he is the father of quant? lol

@thinkingcitizen Ай бұрын

Lmaooo bro he literally invented the industry

@dansplain2393 Ай бұрын

RIP

@japan8994 Ай бұрын

How he created and and do u know any strategy@@kiwizor9962

@leofang2543 Ай бұрын

Great video coding Jesus !

@mokadus Ай бұрын

damnnnn you back! last time you uploaded i was interning at a trading desk and now im a sales trader

@shagungarg7628 Ай бұрын

Thanks a lot for this. I really needed this.

@abhinav5983 Ай бұрын

hey shagun , you are from which college??

@kanadpandey2383 Ай бұрын

Hey, thanks for this guide! Could you please make one also for breaking into Software Engineering at a Quant firm, and maybe talk about how it is different from applying to a regular software company.

@christianmorera4127 9 күн бұрын

Youre back! Brother i was kinda worried about you when there was a period of no content

@keshavshah752 Ай бұрын

Can you make a video on resources and interview tips to become a dev/swe at a quant firm? I havent been successful in finding good resources/tips to prepare for dev/swe interviews for quant firms and what they want to see on the resume for these roles

@interstellar1873 Ай бұрын

Thanks a lot for the great content CJ! The problem with many of these companies is going past their resume screen, if you aren’t from a target school they highly likely won’t interview you. Any tips to land interviews at these companies or you suggest targeting smaller shops? Thanks!

@onlygooon Ай бұрын

thanks man. Great video

@syedfaizanahmed6663 Ай бұрын

Can you pls make a similar video on how to break into a entry level software engineer at these quantitative hedge funds. What topics and in depth are skillset required for these roles would be very enlightening for us SWE’s

@SzTz100 Ай бұрын

Wow, good stuff, thanks.

@sidnath7336 Ай бұрын

I would also add Paul Wilmott - Introduction to Quantitative Finance/On Quantitative Finance 😀

@bilalshaikh6603 Ай бұрын

Please make a video on all the math for QT.

@PeterAdiSaputro 18 күн бұрын

Thanks for sharing. Basically I am a software developer and for some recent times I have a little desire to be able to work in finance because I feel it is an interesting field even though I am also realize that I need to learn a lot

@ahmadbhatti4699 Ай бұрын

Great content! Could you please make a video on how to become a Quant Dev/SWE at a Trading Firm or Hedge Fund. Thank you!

@namelesskeller5172 Ай бұрын

Can you please make video on all the math need to be a QT

@shagungarg7628 Ай бұрын

I think this is the one

@Konarali Ай бұрын

I'm here for that video too

@achromcapital8689 Ай бұрын

Hi Jesus, really nice updated video. For the last months I started to code a lot in R, I feel really confortable in this programming language. What is your advise about it, is it used in quant finance or I should focus on Python?

@ToroidalSash Ай бұрын

yes @CodingJesus plz reply

@vietnhannguyenhuynh676 8 күн бұрын

Thanks a lot man ❤

@noeljonah7248 Ай бұрын

Love this dude , quick question I study psychology with focus on statistics and my mb will be economic psychology when I’m done I’ll be 28 any sht breaking into that career ? Thx for the vid

@Anthonyrharrod Ай бұрын

Can you make a video on the education path one should take if they desire to become a quant ?

@a.m.4154 Ай бұрын

Strong video. +1

@dhairyarungta3556 Ай бұрын

Cj, can you make a video detailing the difference between a quant trader and a quant researcher and also how these roles differ from firm to firm. Given that some almost fully systematic trading firms have no trader roles as such while others like jane street have a lot of human intervention and really value their traders but also have researchers. Ik titles can differ from firm to firm but the work and skill they bring to the table i would guess are needed by all successful quant firms. Can u discuss career progression for both too. Thanks.

@vickykumargupta605 26 күн бұрын

Hey man, really love your content. Can you dedicate one video on Quant Developer, in India we are seeing a lot of such jobs now, so would love to see what it takes to be a quant dev, like maths, coding styles, patterns, design, analytics, etc.

@redhazestudios1137 Ай бұрын

I am gonna edge to this video

@freemanwright3553 Ай бұрын

you look awesome in the new look! 你的新造型很帅！

@mohamadhariz9613 Ай бұрын

are you managing your own funds like Jim Simons?

@satishkumarsajjan2132 Ай бұрын

How and where should i showcase my skills, such that i can get noticed. For web dev we can build projects and contribute to open source. What should a quant trader do to stand out?

@tomislavbirk8986 Ай бұрын

you should make videos solving quant interviewe problems

@raakgu 18 күн бұрын

Thanks for the video. In the sample problem Y = 6 could be assumed as given form the problem without the extra steps.

@piyushsahu591 Ай бұрын

Can you please make a video on work life balance, hours, can we do get time after work to do some side preparation or projects 👾

@lou5218 Ай бұрын

What are some of the maths or any other prerequisites before getting into those books?

@jayeshbatra7380 Ай бұрын

Hi, Could you update your software engineer and quant developer video?

@user-zh3nl3bq2k Ай бұрын

hello @CodingJesus I wanted to ask, if even for roles like quantitative developers or software developers, as freshers, do we need to have knowledge of financial market ?

@ineptDev 20 сағат бұрын

6x = 4(x+3) distance is the same for both, so just looking for velocity

@fifth5106 Ай бұрын

I’m watching this video after watching your 3 month journey as a self taught programmer, and even though this video is about QT, I was wondering if you had any opinions on the biotech industry and computational neuroscience. Do the fields have a lot of growth potential?

@akartha1446 Ай бұрын

please also make a video on quant developer .......... (2024)............

@AdamFiregate Ай бұрын

Definitely this! +1 Quant Dev 2024 💙👍

@munis002 Ай бұрын

I think maths heistancy is the key issue holding back lot of people, it would be awesome if you can share links to self learn maths and the topics required

@thomase4592 Ай бұрын

Stochastic Calculus for Finance II What do you think about this book ?? A must have to me

@pablobear4241 Ай бұрын

What's your thoughts on the O'Reilly Python for Finance book?

@manishbharambe1535 Ай бұрын

try showing ur PNL before affiliating stuff

@pratyushpatel4069 Ай бұрын

Can you please make videos on quant researcher and developer

@poisonza 28 күн бұрын

sure those books do help in some ways but if i were a person with no related degree i would recommend people to learn data engineering(data lake warehouse...) to get into quant firms.. and then transition into data analyst role then a full quant role.

@abcrock1000 Ай бұрын

lol this was 13 min ad

@aadityarajmohta4013 20 күн бұрын

Whyyou say that ?

@RaghavBajoriaQuant 24 күн бұрын

When do you recommend applying for internships for next summer? I am going to start my prep as soon as my finals end this month

@josephwehby9313 Ай бұрын

great video! would love a video on the interview process/preparation for quant dev roles. hope the motorcycle riding is going well

@King-ul4nb Ай бұрын

In India, they only take IITIANS from top 7 IITs for quant roles , that too from CSE department only with rank with 100 in IIT JEE exam Its very difficult for other college students to get into quant roles , until and unless one has experience 2023 batch got severely affected due to this ongoing recession where we have to search for jobs Can you please make a video that how can freshers get into quant roles??

@revl6151 Ай бұрын

lol in India there are infinite more qualified people than available roles

@mrnoble3896 Ай бұрын

bro it is just unfair for us man to be honest ,doing masters in mfe or computational finance is the best option for us ,in my opinion prepare for the gre and try and get into good colleges like nyu tandon ,carnegie mellon,Baruch etc or if you wanna do it in europe you have eth zurich,london school of buisness and some more colleges but then again it is highly competitive

@King-ul4nb Ай бұрын

@@mrnoble3896 i really can't afford the cost of education by doing gre Is there any other way you can recommend??

@mrnoble3896 Ай бұрын

@@King-ul4nb Well if you want to,I think work in a similar field for few years like data analytics,ML ,core Cse and work upon your financial skills and just apply for the job while prepping for interview also make connections with people who broke into the quant field

@recursion. Ай бұрын

Yall cooked bro. 😂😂😂

@taylor_o Ай бұрын

Solid

@andrewy8302 14 күн бұрын

Question, if you are a software engineer at a quant trading firm and want to become more of an alpha quant researcher can you learn the mathematics/statistics on the job from actual alpha quants such that you can become one yourself in 2-3 years? Or is the quantum of math/stats knowledge needed to be an alpha quant so large that one needs to get a masters in mathematics for example? Thanks

@Bizzyy300 Ай бұрын

Can a software engineer who understand trading and markets , use these resources to get a quantitative trader role in a firm without a degree?

@florianwimmer20 28 күн бұрын

Can you make a book List for Quant- Analyst, Finance/ Risikomanagement. Thank you for the interesting Video

@florianwimmer20 28 күн бұрын

Or a book List about learning AI

@NeerajKumar-gk9kz Ай бұрын

Plz make video 🎉🎉imc prosperity competition and trading competition world quant how can preparation

@marianuntaru7940 Ай бұрын

Very nice video thank you ! Is it too late at 29 y old to think of a career like this?

@UPLAYTHATGAME Ай бұрын

Math has been my biggest fear all my life. feel like im starting from scratch

@LukeAvedon Ай бұрын

Bayesian statistics the fun way is such a neat book! I thought chat gpt took all our jobs though.

@ucheking5337 Ай бұрын

😂 LMAO

@Captainjack276 9 күн бұрын

I am going through a undergrad degree in fintech and want to break into the quantitative world ,can you please guide me in what should i do or what degree should I pursue?

@IrideLastMtb Ай бұрын

Do you think it's possible to get into this without being good at maths? or is it cooked?

@Striver11 Ай бұрын

Does QT require to have math related bachelor or master or you can break into industry with cs background.Also people say you should atleast have master or even phd in some cases upto what extent this is true.

@kevinbuenoartbywave Ай бұрын

link 2021 video

@NishantPakharin Ай бұрын

Coding or prompt engineering?? How will the AI may disrupt the HTF job market? Can prompt engineering will be useful in HTF industries??

@poisonza 28 күн бұрын

Quick answer no... if llms were useful in developing fair price model then maybe😂 most hft firms target arbitrage opportunities lasting like few ms so latency matters.

@keldiggs232 Ай бұрын

Good Lord Bro! How do you learn to think like that from that information?

@xuntao3799 19 күн бұрын

Just wanna ask, if I wanna break into quant(researcher, trader), what kind of algorithm should I get familiar with? Like BFS, linkedlist, binary tree?

@desertdwellerpete Ай бұрын

I'm working at a Rodeo next weekend. We're very different people. 😂

@ThatBigGuyAl 19 күн бұрын

I’m very comfortable using python for data analysis, and am proficient in Java and JavaScript. However, how many firms use C or C++? Is this something I should pick up?

@user-wr4yl7tx3w Ай бұрын

Is it really mostly about market making?

@juanitoqueintin5908 Ай бұрын

I graduated with a finance degree but I have a past felony charge. Can I still get in quant if I’m good ?

@tryh4rd666 4 күн бұрын

Why you didn't talk about IA? any of these skill you talked about, will not IA replace it?

@rajdeepkarmakar936 Ай бұрын

Sir,I am a engineering student and aspiring quantitative trader.I want to know that how to create projects and publish research thesis paper on different trading methods.

@rosepainting8775 Ай бұрын

IITian?

@moderngames8892 Ай бұрын

❤❤❤

@lebronjames8507 Ай бұрын

Do you think target schools matter or having an absolute plethora of knowledge and going to state school is more preferable

@AdamFiregate Ай бұрын

A BSc or MSc is good to have, but universities primarily provide theoretical basics. From then on, you need to train yourself and practice on your own to be able to get a job later. The learning starts when you leave university.

@recursion. Ай бұрын

Having plethora of knowledge is preferable but being a state school grad is like being the most smartest man on earth in far rural village of Congo; no one's going to care.

@hafiz7611 Ай бұрын

You look amazing man! Did you dye your hair?

@CodingJesus Ай бұрын

Thanks! Nope, no dye.

@recursion. Ай бұрын

@@CodingJesusAll naturale baby❤️

@adammusic2821 Ай бұрын

😍😍😍😍

@jdubruyn Ай бұрын

🙏

@asbjrnandersen4765 Ай бұрын

Lol the problem is just taken from a highschool physics exam

@BelarusianInUk Ай бұрын

@CodingJesus, If you are quant dev why are most of your videos are about quant traders???

@mohameddaytona Ай бұрын

Any quant traders community here to network ?

@ownagejuice1394 Ай бұрын

if you're that good, tell us about Jim Simons techniques

@hkaniugu Ай бұрын

there is a video about it, made by his developers

@MrKishoreshruti Ай бұрын

Gadhe logo ki Kami nai hai They use applied mathematics bt where and when that's decided by their core fundamental analysis team yes they have people from Economics background. If u r thinking what they achieve that's too much u r wrong there were traders in 70ties who were scored more than Renaissance Technology

@recursion. Ай бұрын

Might not tell you about Jim Simons techniques but definitely is far better than who you are bojo🤣🤣

@santhoshmamidisetti Ай бұрын

sir , I am doing my bachelors in Computer Science and Engineering (Artificial Intelligence) , I aspire on becoming Quant Developer or Quant Researcher , Can you please provide the path of what I need to do , for them ? , I am good in C , C++ (with OOPS concepts) and Python. I am currently learning Boost library in C++ and also Tableau software, It would be much appreciated if you could help in some way.

@pocoso Ай бұрын

Do some good internships

@recursion. Ай бұрын

Ok , calm down , down , bro !

@albertosantangelo6872 Ай бұрын

None of these books are super relevant for quant trading. They may be useful to build up the technical basics though if you don't have a degree in quantitative finance.

@qwertzuz1989 Ай бұрын

Which books are relevant then?

@albertosantangelo6872 Ай бұрын

@@qwertzuz1989 looking for patterns and correlations is relevant for trading

@albertosantangelo6872 Ай бұрын

@@qwertzuz1989 Taleb’s “statistical consequences of fat tail” is useful to think about data and finance imo

@maatte7093 Ай бұрын

audio is laggy and noisy

@masonliebe1044 4 күн бұрын

Just a fair warning, that practice problem would be considered pretty easy for a quant interview

@CodingJesus 4 күн бұрын

Yep. This is the “fizz buzz” (very easy Leetcode) equivalent of quantitative trading.

@regulardegular5 2 күн бұрын

shiiiiiiiiiiiiiidddddddddddddddddddddddd i just found DA plug

@007Anukul Ай бұрын

2:37 ok I'm not buying it... oh ok

@daalhead1098 Ай бұрын

That question was really really basic. If quant firms are hiring math olympiad gold medalists, I reckon their questions are gonna be harder than this. I know it said easy but come on, this is the sort of question that may be asked to a history major in an IB interview.

@fibo_quant8118 Ай бұрын

What is the purpose of working as a Jr Quant for an algorithmic trading company? No matter how much I look for a justification, I can't find one!!! Jesus, help me understand why not be your own boss? Where does the need to work for someone else come from when you can be king?

@bilalshaikh6603 Ай бұрын

Its not my opinion but i have heard individuals quants are rarely profitable. And if u do a job then you will also learn how is everything done in the quant industry.

@MrX-wd8cm Ай бұрын

market making is like being a bookie. It ain't real trading, it's bogus trading.

@dylancpa Ай бұрын

Coding Jesus rising from the grave??

@smmascale1785 Ай бұрын

Resurrection

@_IMNNO 2 күн бұрын

Ryan Gosling: “My quantitative! My math specialist Look at him, you notice anything different about him? Look at his face.” “Look at his eyes, I'll give you a hint, his name is Yang. He won a national math competition in China! HE DOESN'T EVEN SPEAK ENGLISH! Yeah I'm sure of the math.”

@peterray8427 Ай бұрын

He looks like andrew garfield

@MohammedRaziq-kz6yp Ай бұрын

Coding jesus wearing glasses? Jesus gave eye sight to the blind!

@sakjdh Ай бұрын

I dont know what is the point of being a Quant and earning maybe 200k a year at a 9-5 job without freedom, when you could just trade on your own at Home and probably earn the same if not more. Also you bypass all those degrees and stupid high demanding job interviews.

@aviralsharma2005 Ай бұрын

Welp, I'm not really sure of that. Most of the strategies that quants use, need a lot of capital and a lot of volume as well. If you've got that kinda money at your disposal for personal trading, then you're better off starting a fund. I could be wrong, since I'm just an intern. But that looked like the case so far