What is a Quant? What do Quants do? Breaking down Roles in the Quant Industry!

Рет қаралды 31,593

Күн бұрын

===== Likes: 96 👍: Dislikes: 2 👎: 97.959% : Updated on 01-21-2023 11:57:17 EST =====
What is a Quant? Look no further! I break down common quantitative roles and what you might expect to do in the quant industry. I include salary ball parks, required education, and overall expectations once you are in the quant industry!
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0:00 - The Quant Industry and its considerations
1:44 - Quant Researcher
3:15 - Quant Developer
4:08 - Quant Trader
4:48 - Quant Pipeline Components
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Пікірлер: 28

@GenoPendula 2 жыл бұрын

I love how simply you put things. Your channel is heavily undervalued.

@jeanmichelsarr6040 8 ай бұрын

Very thorough explanation. Thank you.

@user-yb5my5cl2u 3 ай бұрын

You answered the question that has been bothering me for a while.

@jabirali3649 Ай бұрын

What are the steps to become a Quart, for people like me as a Developer and occasional swing trader

@danhlai7784 Жыл бұрын

Love it

@chrispachas8486 24 күн бұрын

So thorough!!! Subscribed

@hilmanhilmi5789 Жыл бұрын

Really love this video!! I do have 2 questions i wanted to ask. 1) What are the personal projects that I could do to attract employer to hire me as quant developer? 2) for a role as a quant trader, do employer would consider if i did all my quant trading on paper trading account?

@SpencerPaoHere Жыл бұрын

1) Develop a proven quantitative strategy with a Profit/Loss statement. (If out of school); If in school, I'd more so just focus on Leet Code and Probability Theory for the interview process for the quant funds. 2) I am not sure what style they would prefer since they are aware of retail trading limitations. However, have you checked out the hackathons hosted by some of the quant funds? (i.e Citadel?) That is a perfect in to get an interview only if you place in their competitions. (There stuff is usually related to HFT or other Data science capabilities.)

@SW-fy8pq 7 ай бұрын

I did a lot of research on how to become a Quant. The first rule is to be a graduate from a target school, the second is to be extremely strong in maths and statistics, physics can be accepted. 3) get yourself a master or PhD. Again make sure it is from a target school. That is it.

@idontcare3147 9 ай бұрын

It's a great video! Also can i ask what is the difference between quant analyst and quant devoloper and is it same as the role of software engineer in the same hft companies

@SpencerPaoHere 9 ай бұрын

Really depends on which company you are looking at -- many firms may use those titles interchangeably. Quant developers/Analyst, in general, are the ones who are assisting/developing creation of many of these trading algorithms. SWE's are usually backend folks but they can also participate in the development of algo's as well, but the dynamics of a company may be different per company.

@InfiniteIQ 2 жыл бұрын

My goal is basically to become a 1 man quant firm via a massive IQ upgrade lol

@SpencerPaoHere 2 жыл бұрын

😂 There are folks who have done that !

@talwaar007 3 ай бұрын

LOL 😂

@NeerajKumar-gk9kz 6 ай бұрын

No anyone explain me 😢 what is algorithm developer vs quant developer vs I did search in internship algorithm development in jane street on Google no any option algorithm developer And algorithm developer only allowed hudson trading no other hft company allowed

@balaa11 6 ай бұрын

What is the typical interview process for quant developer in areas other than programming language like python, C++ ,math and statistics?How do we prepare for Quant Dev interview from Target school if one is CS student?

@toxicdubz3841 6 ай бұрын

which school

@SpencerPaoHere 4 ай бұрын

Medium/Hard level on Leet Code Combinatorics (permutations and combinations) - like probability of getting a straight royal flush.

@rickyliuna9376 10 ай бұрын

what's the difference between programming skillset for Quant Researcher vs Quant Developer?

@SpencerPaoHere 10 ай бұрын

Researcher = More Data science/AI focused. Dev = More SWE

@rickyliuna9376 10 ай бұрын

@@SpencerPaoHere Thanks for your confirmation.. So for a Quant Researcher, doing Data Science major/program will add more value in comparison with CS/SoftEng major/program in terms of job readiness..

@SpencerPaoHere 10 ай бұрын

@@rickyliuna9376 you can't go wrong with either! Just make sure to have a great understanding of code, statistics, combinatorics, and math.

@rickyliuna9376 10 ай бұрын

@@SpencerPaoHere Thanks for your reply.. I'm trying to focus on the knowledge that will directly add value to Quant Researcher's skillset. CS requires to learn some topics like Cybersecurity, UI/UX, HCI, Networking, Graphics, Software Architecture, etc.. If they don't have direct contribution on QR's skillset, in my personal opinion, learning them will just be a waste of my time. I'd rather go straight to Data Science program that will equip me w/ intensive Python programming, Machine Learning , Predictive modelling that more relevant to QR's skillset.. Anyway,I'd like to thank you for all the insights, appreciate it..

@michaelodekunle6591 4 ай бұрын

Is it possible to get into this if you dont get into a target school for undergrad

@SpencerPaoHere 4 ай бұрын

Very rare but doable. You can do a linkedin search to see if there may be anyone that is apart of 'X' firm and see where they went.

@pseudosupprimer8016 Ай бұрын

Is it possible to get it after a master degree?

@hoow_j Жыл бұрын

Do you think it is eligible to be a quant researcher with only a master's degree (specifically, in statistics)? I hear many people say that a Ph.D. degree is required.

@SpencerPaoHere Жыл бұрын

I’ve seen quants with a bachelors degree. But in general, at least a masters degree is a minimum; masters / phDs seem to be the norm. Just got to have a solid coding background (think good enough for FAANG; if not a little better)