I subscriber asked if quantitative finance will grow. They are asking as they are in high school now and it will be 8-9 years before they have finished all the required schooling to become a quant.
The short answer: yes quant finance will keep growing and not be replaced.
What many people don't realize is that the quants at many firms and banks are actually building out the machine learning pieces used behind many AI applications and they are of course still utilizing math and stats to develop robust models. The truth is that ML is nothing more than a sub section of statistics and AI is nothing more than computer programming used to automate processes which include models. We will always need people to build new models whether it be statistics, math, ML, or AI as humans are constantly changing which requires new models. Finance and human behavior is not a hard science where it can be modeled once and done.
Also as the technology increases it will make some of the more complicated tools and model easier for smaller firms which will need models. Even with the rise of open source modeling software like R and Python, we are seeing more firms building models.
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