It's the case everywhere its fucking quant
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
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
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.
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.
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
You need to be able to.solve complex abstract math in your head so 120+ probably
Who knew learning math would make it rain money
It's better to be poor imo.
quant traders use algorithms and math to make it. Day traders are more like gamblers that go off gut feeling. Quant= research + engineering
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
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
That's more like for top 5 IIMs
Bruv
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
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
it's way easier to get mba after work exp. in some other countries than india atp
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
thatβs an high iq gifted extremely talented people position afaik, not a connections issue
They use and abuse physics and maths, itβs a whole different level
Brah im so embarrassed to tell but I actually need a chill job with good enuf money
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
Quants are faggots us day traders mog them
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
youβre playing around and donβt have enough computing power
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.
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 just saw that u become pm by early 30s on an avg
i'm satisfied with 1.25L/pm atleast in-hand after tax deduction as starting
It's connections + good education + above avg IQ
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
i am saying they are allowed because there is someone else being top performer and picking up the slack. their job is just daycare
