School for quants - Inside UCL's Financial Computing Centre
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Re: School for quants - Inside UCL's Financial Computing Centre
#2I sometimes think HN is trolling me. I just had this conversation about Quants, finance etc. Is there anything like this in NY? I'd go.
Re: School for quants - Inside UCL's Financial Computing Centre
#3This is a duplicate of a post that appeared four days ago. I thought the HN software caught duplicates like this.
Re: School for quants - Inside UCL's Financial Computing Centre
#4This is a duplicate of a post that appeared four days ago. I thought the HN software caught duplicates like this.
Do you have a link to it? I'd like to see the discussion on the post.
Re: School for quants - Inside UCL's Financial Computing Centre
#5The main idea when you become a quant is that a computer is less prone to pitfalls than a human.
Computers and humans are prone to different pitfalls. Humans have far too many biases to count - see for example, the works of Kahneman and Tversky and most of social psychology.
Computers, on the other hand come with a whole host of different problems (perhaps because they're made by humans). The essential advantage a human has is the eye, which is extremely well adapted to picking out patterns. That, and an ability to go beyond the model or completely change it. This is something that computers have difficulty with (unless of course they're programmed for it - i think genetic algorithms claim to do this, but I'm not particularly knowledgeable about those).
Nonetheless, i agree with the thesis that this kind of analysis will invade the rest of the social sciences. In fact, that's one of the reasons I learned to program.
Re: School for quants - Inside UCL's Financial Computing Centre
#6I sometimes think HN is trolling me. I just had this conversation about Quants, finance etc. Is there anything like this in NY? I'd go.
You're looking for quant schools in New York? There are tons of those. The most common degree is the Master of Financial Engineering or equivalent. QuantNet maintains a list of the top programs in the US:
https://www.quantnet.com/mfe-programs-rankings/
But you should think very carefully about whether starting a new degree like this is worth it. Firstly, you'll notice that the tuition for all of these programs is very high, so there's a strong financial commitment to this.
More importantly, an MFE is extremely specialized; it's not like getting an MBA or an advanced degree in computer science, both of which will open doors for many opportunities. An MFE leads to a very limited set of employers since these programs don't teach the general programming or statistics or even finance skills that are widely applicable to other industries.
Lastly, without any prior experience in the field, a degree alone isn't very attractive to employers. And given the devastation that has occurred to the industry over the past few years, there are plenty of unemployed experienced people that you'll be competing with for jobs.
So you can go into a ton of debt for a degree with limited opportunities that likely won't come anyway.
Re: School for quants - Inside UCL's Financial Computing Centre
#7I was thinking mining online data to gauge the feeling of the market awhile ago, looks like someone is actually doing it.
Re: School for quants - Inside UCL's Financial Computing Centre
#8I sometimes think HN is trolling me. I just had this conversation about Quants, finance etc. Is there anything like this in NY? I'd go.
You're looking for quant schools in New York? There are tons of those. The most common degree is the Master of Financial Engineering or equivalent. QuantNet maintains a list of the top programs in the US: https://www.quantnet.com/mfe-programs-rankings/ But you should think very carefully about whether starting a new degree like this is worth it. Firstly, you'll notice that the tuition for all of these programs is ver…
I should've said "unschool". Mia culpa. There's no way I'd go back for another degree at this point. I just might be interested in finance related programming.
Re: School for quants - Inside UCL's Financial Computing Centre
#9This is a duplicate of a post that appeared four days ago. I thought the HN software caught duplicates like this.
Do you have a link to it? I'd like to see the discussion on the post.
http://news.ycombinator.com/item?id=3667166
4 Days ago and 0 comments. I'd say this 'repost' is warranted, was an interesting read for many people it seems.
Re: School for quants - Inside UCL's Financial Computing Centre
#10that's cool and all, but it seems like a waste of talent to learn all that stuff to shuffle money around and occasionally destroy the world economy.
it's interesting that it's 80 percent men. it's obviously going to be very lucrative.