The kind of money quant traders make is insane

[Jason Voorhees]

I see them pulling mad money. 200k fresh out of college. 40-50k joining bonus. Top tier quants in hedge funds and propereitary trading literally get bonuses of 5-20 million dollars. I wish I had the skills and connections to do quant. I am good at DSA and Math but know next to nothing about high finance topics and ML

 

[Jason Voorhees]

@Chadeep @loyolaxavvierretard @widei @imontheloose

 

[Chadeep]

Quant is very competitive in India. Extremely few roles. Is that the case in US?

 

[ProBono]

Quant is very competitive in India. Extremely few roles. Is that the case in US?

It's the case everywhere its fucking quant

that said, it's probably 10x harder for Indians icl

 

[Jason Voorhees]

Quant is very competitive in India. Extremely few roles. Is that the case in US?

The US has a much larger market for quant positions because of the top-tier hedge funds Citadel Two Sigma) and prop trad like Hudson River Trading), These firms hire hundreds of quants annually, with roles ranging from algo trading to risk modeling and ML-driven strategies. But all entry level positions go to PhD graduates from elite schools MIT, Stanford with top tier profiles

 

[Jason Voorhees]

It's the case everywhere its fucking quant

that said, it's probably 10x harder for Indians icl

I'd say its easier in the US to get a quant job. Also these quant firms dont care about where you arr from or what you look like. You be from mars but if you can make them a profit they'll hire you

 

[Jason Voorhees]

Quant is very competitive in India. Extremely few roles. Is that the case in US?

It's the case everywhere its fucking quant

that said, it's probably 10x harder for Indians icl

One more thing I forgot to mention in OP is that it is extremely hectic. Most people only fo quant for like 7-8 years and quit for more comfy role.

 

[ProBono]

I'd say its easier in the US to get a quant job. Also these quant firms dont care about where you arr from or what you look like. You be from mars but if you can make them a profit they'll hire you

probably very true, I have a friend of a friend's uncle in America who's fairly high up in actuary(not quant, but still very high salary like 250k) and making bank and he's lowkey pretty ND with no family nepotism. Just a smart guy who does the job well.

Also I meant for Indians from India, because there's just so much less wealth to go around and not many large firms like America.

 

[Jason Voorhees]

@Debetro @deadstock

 

[robtical]

Qunt is legit top of top IQ % game. I do not think it is connection game but genes.

 

[Jason Voorhees]

Qunt is legit top of top IQ % game. I do not think it is connection game but genes.

Commections kinda matter to atleast get you noticed. Being top grad doesnt guarantee a interview

 

[Jason Voorhees]

@qazw

 

[aladdinmaxxer]

Commections kinda matter to atleast get you noticed. Being top grad doesnt guarantee a interview

less than 10 indians from top 5 iit cse branches make it to quants bro .... like citadel/jane street.......... @Lightskin Ethnic

 

[Jason Voorhees]

@Remeliawpckhardt @ReadBooksEveryday

 

[puniteking]

How much IQ minimum do you need to get hired ?

 

[Jason Voorhees]

How much IQ minimum do you need to get hired ?

You need to be able to.solve complex abstract math in your head so 120+ probably

 

[Jason Voorhees]

@SecularIslamist

 

[Deleted member 30845]

Not everything is about money.

 

[ReadBooksEveryday]

Quant trader and day trader is the same thing

But Quant regulators make crazy money. But you need to have extremely good knowledge of the markets for it. Not some FRM/CFA Level1 certification that nowadays every curry shitskin has

 

[Jason Voorhees]

Not everything is about money.

Who knew learning math would make it rain money

 

[Deleted member 30845]

Who knew learning math would make it rain money

It's better to be poor imo.

 

[Jason Voorhees]

Quant trader and day trader is the same thing

But Quant regulators make crazy money. But you need to have extremely good knowledge of the markets for it. Not some FRM/CFA Level1 certification that nowadays every curry shitskin has

quant traders use algorithms and math to make it. Day traders are more like gamblers that go off gut feeling. Quant= research + engineering

 

[Lightskin Ethnic]

Over for ITcels

I can't even use my brain hard enough for tech

Probably have to settle with MBA in Marketing/HR from some top college and go abroad in holidays

 

[Jason Voorhees]

Over for ITcels

I can't even use my brain hand enough

Probably have to settle with MBA in Marketing/HR and go on holidays abroad

You are an engineering grad your chances of making it to IIM is low unless you have years of experience and are ready to put down 40-50 lakhs

 

[Jason Voorhees]

Over for ITcels

I can't even use my brain hard enough for tech

Probably have to settle with MBA in Marketing/HR from some top college and go abroad in holidays

Im not joking btw one of seniors who got 99.97 percentile in CAT with 9 cgpa in tier 1 didnt get call back from a single IIM. I dont even know what they are even looking for at this point @Chadeep

 

[Lightskin Ethnic]

You are an engineering grad your chances of making it to IIM is low unless you have years of experience and are ready to put down 40-50 lakhs

That's more like for top 5 IIMs

I'll probably pick some tier 1/1.5 high roi college

Mostly top 5-6 IIMs are impossible to convert and even if I do, not worth taking so much loan

My B.Tech was already without a loan

 

[Lightskin Ethnic]

Im not joking btw one of seniors who got 99.97 percentile in CAT with 9 cgpa in tier 1 didnt get call back from a single IIM. I dont even know what they are even looking for at this point @Chadeep

Bruv

 

[Jason Voorhees]

That's more like for top 5 IIMs

I'll probably pick some tier 1/1.5 high roi college

Mostly top 5-6 IIMs are impossible to convert and even if I do, not worth taking so much loan

My B.Tech was already without a loan

I wouldnt personally do a mba right after btech. Your mba is kinda useless without experience backing it up.

 

[Lightskin Ethnic]

I wouldnt personally do a mba right after btech. Your mba is kinda useless without experience backing it up.

Yeah I mean it will take me 1/2 yrs to crack a proper college minimum

In the meantime i will be doing something

But I've heard that generally they prefer freshers or little experience in Marketing fields

 

[Jason Voorhees]

Yeah I mean it will take me 1/2 yrs to crack a proper college minimum

In the meantime i will be doing something

But I've heard that generally they prefer freshers or little experience in Marketing fields

Dont do mba in marketing. MBA in entrepreneurship or other meme degrees. MBA in Finance,Business Analytics etc and others teach hard skills are much better investment@ReadBooksEveryday

 

[aladdinmaxxer]

Im not joking btw one of seniors who got 99.97 percentile in CAT with 9 cgpa in tier 1 didnt get call back from a single IIM. I dont even know what they are even looking for at this point @Chadeep

it's way easier to get mba after work exp. in some other countries than india atp

 

[qazw]

@qazw

I remember looking into this. I already did an honours degree in maths and computer science so I thought it would be a good idea to do a masters in quant. But ultimately, it look way too competitive, I'd probably be wasting my time and won't end up being hired as a quant

 

[Jason Voorhees]

I remember looking into this. I already did an honours degree in maths and computer science so I thought it would be a good idea to do a masters in quant. But ultimately, it look way too competitive, I'd probably be wasting my time and won't end up being hired as a quant

OK mr Alan Turing

 

[FutureSlayer]

I see them pulling mad money. 200k fresh out of college. 40-50k joining bonus. Top tier quants in hedge funds and propereitary trading literally get bonuses of 5-20 million dollars. I wish I had the skills and connections to do quant. I am good at DSA and Math but know next to nothing about high finance topics and ML

that’s an high iq gifted extremely talented people position afaik, not a connections issue

 

[aladdinmaxxer]

OK mr Alan Turing

can i dm u i want career advice asap bhai

 

[FutureSlayer]

Quant trader and day trader is the same thing

But Quant regulators make crazy money. But you need to have extremely good knowledge of the markets for it. Not some FRM/CFA Level1 certification that nowadays every curry shitskin has

They use and abuse physics and maths, it’s a whole different level

 

[Lightskin Ethnic]

Dont do mba in marketing. MBA in entrepreneurship or other meme degrees. MBA in Finance,Business Analytics etc and others teach hard skills are much better investment@ReadBooksEveryday

Brah im so embarrassed to tell but I actually need a chill job with good enuf money

Also I want any foid dominated field tbh

I wanna meet new people and travel like that

Also I wanna have some time for side hustles

Its either from MBA or I invest in tech skill like a mad person for the next span of months and get something abroad

They cook the people in finance, etc
No work-life balance
12hrs a day 6 days a week

i seen that u r a high iq bvll
so do u have any such job in india in mind (except govt)

 

[88PSLinAgartha]

YOLOing others people money on stocks with arbitrary coding "strategies" sounds like a dream job tbh, i might actually become one after finishing uni (if i ever get in one)

 

[Chadeep]

Im not joking btw one of seniors who got 99.97 percentile in CAT with 9 cgpa in tier 1 didnt get call back from a single IIM. I dont even know what they are even looking for at this point @Chadeep

IITian made it into Columbia got Rejected by Top IIM's. Unless you're SC or ST Engineer you'll never end up in Top IIM

 

[butterworld]

Too slow to compete with Asians for an analyst/research position but I’m decently motivated in a domain of compilers that requires C++ knowledge (LLVM project if you’re familiar with it). I’m thinking of continuing my open source contributions, get a masters and acquire a job in compiler work or C++ development and hopefully pivot into some quant field, like a developer position. But the quant field is a secondary goal for me so I’ll be fine being in another space.

 

[Jason Voorhees]

Brah im so embarrassed to tell but I actually need a chill job with good enuf money

Also I want any foid dominated field tbh

I wanna meet new people and travel like that

Also I wanna have some time for side hustles

Its either from MBA or I invest in tech skill like a mad person for the next span of months and get something abroad

They cook the people in finance, etc
No work-life balance
12hrs a day 6 days a week

i seen that u r a high iq bvll
so do u have any such job in india in mind (except govt)

Tbh doesnt exist. The closest I can think off is IFS but you said you dont want govt job and for IFS you have to crack UPSC for that. Another would be product manager ans cybersec which are both chill but you need experience for that and arent doid dominated. HR and Digital Marketing are female dominated but pay is low usually.

 

[Lightskin Ethnic]

Tbh doesnt exist. The closest I can think off is IFS but you said you dont want govt job and for IFS you have to crack UPSC for that. Another would be product manager ans cybersec which are both chill but you need experience for that and arent doid dominated. HR and Digital Marketing are female dominated but pay is low usually.

product manager as in i still would be needing mba+exp
it is in tech?

and i'm not talking about digi mrkt, its just a part
its either some top digi mrkt job or ill go for hr/fmcg hopefully

 

[FutureSlayer]

Quants are faggots us day traders mog them

you’re playing around and don’t have enough computing power

 

[Jason Voorhees]

product manager as in i still would be needing mba+exp
it is in tech?

Yes in tech but needs an MBA or a dev with good talking skills. You will meet lots of people and would have to talk with clients/people outside the company, go on trips regularly. Good pay also. With not a lot of office work.

and i'm not talking about digi mrkt, its just a part
its either some top digi mrkt job or ill go for hr/fmcg hopefully

HR is alright but won't pay too well unless its a highly specialized roles like HR tech specialist, Brand manager or something. You can also do devops like me. You get paid to look at screen but you need to be available on call at midnight sometimes, also fixing CI/CD pipelines can get frustrating i wouldnt call it chill but it fits your description of low work and great pay.

 

[Lightskin Ethnic]

Yes in tech but needs an MBA or a dev with good talking skills. You will meet lots of people and would have to talk with clients/people outside the company, go on trips regularly. Good pay also. With not a lot of office work.

i just saw that u become pm by early 30s on an avg
brvtal will take my youth

i plan to get a rhino and some quick permanent fixes / tweaks and ascend to chadpreet/lite in late 20s

my uncle has a tech startups for the past 5 years and touchwood it started to soar

mainly offers services related to cybersec, devops, idam (identity access mgmt)

but he will make me look like a corporate jeet and i would be having no freedom of looks

HR is alright but won't pay too well unless its a highly specialized roles like HR tech specialist, Brand manager or something. You can also do devops like me. You get paid to look at screen but you need to be available on call at midnight sometimes, also fixing CI/CD pipelines can get frustrating i wouldnt call it chill but it fits your description of low work and great pay.

i'm satisfied with 1.25L/pm atleast in-hand after tax deduction as starting

i have seen that i really have bad skills for mathematical reasoning, etc

i've seen people in my class from jee/neet coaching centres to uni that there are people who grasp stuff easily and i have to go thro it like 2-3 times more

never was i interested in science

 

[greycel]

Qunt is legit top of top IQ % game. I do not think it is connection game but genes.

It's connections + good education + above avg IQ

Source: have a friend who does it at one of the best hedge funds in the world

 

[robtical]

Commections kinda matter to atleast get you noticed. Being top grad doesnt guarantee a interview

It's connections + good education + above avg IQ

Source: have a friend who does it at one of the best hedge funds in the world

But don't you think these people are just profitable and connections game instead of being the top performers? I see it as daycare jobs for them as long as they pull their weight. Because any money allocated to them could have been allocated to top performer and more money coulda been made.

 

[greycel]

But don't you think these people are just profitable and connections game instead of being the top performers? I see it as daycare jobs for them as long as they pull their weight. Because any money allocated to them could have been allocated to top performer and more money coulda been made.

Yeah exactly, that's why I disagreed with you about them needing to be a top performer/ having a very high IQ

 

[robtical]

Yeah exactly, that's why I disagreed with you about them needing to be a top performer/ having a very high IQ

i am saying they are allowed because there is someone else being top performer and picking up the slack. their job is just daycare

 

[greycel]

i am saying they are allowed because there is someone else being top performer and picking up the slack. their job is just daycare

The bigger the company and more staff they are willing to hire, the bigger the disparity in skill there would be between the staff

For something highly competitive + exclusive, there's not going to be that much a gap between the worst and best at the job.
And what makes up for the difference won't be natural intelligence, but experience