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How I Became a Quant (2007) [pdf]

engineering.nyu.edu

11–20 of 89 posts

Re: How I Became a Quant (2007) [pdf]

#11
post #2

(2007) MUCH has changed since then.

I came across this guide (dated 2025) a couple years ago and thought it was interesting. Not a quant or even in finance though, so I don’t know how accurate it is: https://www.dropbox.com/scl/fi/da7zfjj2rplwzf2sfiriz/Buy-Sid...

Gappy is one of the more decorated, public figures in the space. That PDF gives a candid overview of what it's like to interview/work in the industry.

Re: How I Became a Quant (2007) [pdf]

#12

Earlier quoted context omitted.

I came across this guide (dated 2025) a couple years ago and thought it was interesting. Not a quant or even in finance though, so I don’t know how accurate it is: https://www.dropbox.com/scl/fi/da7zfjj2rplwzf2sfiriz/Buy-Sid...

What's a convenient and safe way to open PDFs safely? Some options seem to be: Upload to google drive (inconvenient), use some open-source tool (LLM suggests DangerZone), use a VM (very inconvenient)

[deleted]

Re: How I Became a Quant (2007) [pdf]

#13

I wonder how fun being a modern quant really is. It seems like one of those things that sounds more fun in your head, but the reality is different. Kinda like "studying physics", going pro in a sport, or becoming a rockstar. People see the end result and don't see how much work it takes to get there or what the day to day is really like

i don't know what the point of this book is - there's nothing rockstar about being a quant. not only do not all quants "generate alpha", even the ones that do are just overworked data scientists. ask anyone that actually works in the industry - fancy math is no longer a thing ("exotic option pricing"). so would "how i became an accountant" be just as interesting? how about (more accurately) would "how i became a data scientist"?

Re: How I Became a Quant (2007) [pdf]

#15

Earlier quoted context omitted.

I came across this guide (dated 2025) a couple years ago and thought it was interesting. Not a quant or even in finance though, so I don’t know how accurate it is: https://www.dropbox.com/scl/fi/da7zfjj2rplwzf2sfiriz/Buy-Sid...

What's a convenient and safe way to open PDFs safely? Some options seem to be: Upload to google drive (inconvenient), use some open-source tool (LLM suggests DangerZone), use a VM (very inconvenient)

Open it with Firefox. The Firefox PDF renderer is implemented in Javascript and sandbox-restricted like any unknown web site.

Re: How I Became a Quant (2007) [pdf]

#16

I wonder how fun being a modern quant really is. It seems like one of those things that sounds more fun in your head, but the reality is different. Kinda like "studying physics", going pro in a sport, or becoming a rockstar. People see the end result and don't see how much work it takes to get there or what the day to day is really like

I always wanted to be a quant, until I actually was a quant (internship). The division of labour in modern banks / market markets is so high that the scope of an individual’s work becomes much less than you would expect.

Re: How I Became a Quant (2007) [pdf]

#17

I wonder how fun being a modern quant really is. It seems like one of those things that sounds more fun in your head, but the reality is different. Kinda like "studying physics", going pro in a sport, or becoming a rockstar. People see the end result and don't see how much work it takes to get there or what the day to day is really like

i don't know what the point of this book is - there's nothing rockstar about being a quant. not only do not all quants "generate alpha", even the ones that do are just overworked data scientists. ask anyone that actually works in the industry - fancy math is no longer a thing ("exotic option pricing"). so would "how i became an accountant" be just as interesting? how about (more accurately) would "how i became a data…

> ask anyone that actually works in the industry - fancy math is no longer a thing

Huh? What happened? This is a very interesting claim I would love to hear elaborated

Re: How I Became a Quant (2007) [pdf]

#18

I wonder how fun being a modern quant really is. It seems like one of those things that sounds more fun in your head, but the reality is different. Kinda like "studying physics", going pro in a sport, or becoming a rockstar. People see the end result and don't see how much work it takes to get there or what the day to day is really like

Good instinct. A lot of the day to day is debugging nitty things, reconciling small differences in results, trying not to make dumb mistakes. Almost all attempts to do very smart theoretical novel work fail, often because of extremely mundane engineering and data issues.

Re: How I Became a Quant (2007) [pdf]

#20
post #19

Kind of reads 25 people's stories about "How I became a parasite". Why not create new things, instead of making a career out of leeching the wealth created by others?

Did you actually read them?

I didn't go to NYC, but Money is fungible so it's a simple math problem.

How much non-parasite good can you do making $50k/year * 10 years? Even if we ignore taxes and you donated your entire salary, that tops out at $500k worth. If instead you could make, say, $500k/year * 10 years, and then quit and form your own non-profit for $2,000,000 and do 4x as much good.

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