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In Battle to Recruit New Quants, Hedge Funds Outpay Banks

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Re: In Battle to Recruit New Quants, Hedge Funds Outpay Banks

#7
post #3
post #2

What does a quant do? Machine learning, linear regression, moving averages? Lots of statistics on time series data?

Furthermore, what is a good way to become a quant?

One way to get interviews at least is by doing well in math contests.

Re: In Battle to Recruit New Quants, Hedge Funds Outpay Banks

#8
post #2

What does a quant do? Machine learning, linear regression, moving averages? Lots of statistics on time series data?

Yes. Exactly this. Building models that assess risks and potential gains. A quant is a catch-all term though, so one person may be working on models that predict some sector of the market and another person could be looking at online allocation algorithms for maximizing risk-adjusted returns.

Re: In Battle to Recruit New Quants, Hedge Funds Outpay Banks

#10
post #3
post #2

What does a quant do? Machine learning, linear regression, moving averages? Lots of statistics on time series data?

Furthermore, what is a good way to become a quant?

The type of quants talked about in this article probably has a PhD in math, stats, CS (with a focus on machine learning), or something similar.
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