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Why UBS Is Hiring So Many Quants

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11–20 of 46 posts

Re: Why UBS Is Hiring So Many Quants

#11
post #3

I clicked on the link just to find out what a "Quant" was. Answer: quantitative analysts

Me too. Looks like it's been used for a while but I never saw until this week and this was the second time I saw it. Sounds derogatory.

It is not derogatory.

It is an abbreviation commonly used among finincial experts to denote a particular discipline of expertise.

Jargon, parlance, slang.

Re: Why UBS Is Hiring So Many Quants

#12

Earlier quoted context omitted.

Me too. Looks like it's been used for a while but I never saw until this week and this was the second time I saw it. Sounds derogatory.

Here is a quite amusing clip "Jenga" from the movie The Big Short on this topic. https://www.youtube.com/watch?v=QpsI_Gvn7C8 BTW, most quants that I know don't find the term derogatory, quite the opposite.

I wasn't trying to suggest that it's actually used in a derogatory way, just that, as someone hearing it for the first time, it's feels like harsh word.

Re: Why UBS Is Hiring So Many Quants

#15
post #3

I clicked on the link just to find out what a "Quant" was. Answer: quantitative analysts

Me too. Looks like it's been used for a while but I never saw until this week and this was the second time I saw it. Sounds derogatory.

Quants are the guys who run the math so that the bat-wielding psychopaths that are traders don't accidentaly shoot their feet off. They usually have PHDs.

They have some prestige on the trading floor.

Edit: They don't literally have bats, you guys. But when the guy who's paying you ~250K a year looks over your shoulder and asks for a risk report, the effect is more or less the same.

Re: Why UBS Is Hiring So Many Quants

#17

Earlier quoted context omitted.

Me too. Looks like it's been used for a while but I never saw until this week and this was the second time I saw it. Sounds derogatory.

Quants are the guys who run the math so that the bat-wielding psychopaths that are traders don't accidentaly shoot their feet off. They usually have PHDs. They have some prestige on the trading floor. Edit: They don't literally have bats, you guys. But when the guy who's paying you ~250K a year looks over your shoulder and asks for a risk report, the effect is more or less the same.

> so that the bat-wielding psychopaths that are traders don't accidentaly shoot their feet off.

How do you accidentally shoot your feet of with a bat?

Re: Why UBS Is Hiring So Many Quants

#18

Earlier quoted context omitted.

Me too. Looks like it's been used for a while but I never saw until this week and this was the second time I saw it. Sounds derogatory.

Quants are the guys who run the math so that the bat-wielding psychopaths that are traders don't accidentaly shoot their feet off. They usually have PHDs. They have some prestige on the trading floor. Edit: They don't literally have bats, you guys. But when the guy who's paying you ~250K a year looks over your shoulder and asks for a risk report, the effect is more or less the same.

I've noticed that on trading floors. Why do traders keep bats at their desks? Are they actually intimating threats of violence to support staff who are stuck on the floor dealing with them?

Re: Why UBS Is Hiring So Many Quants

#19

Earlier quoted context omitted.

Me too. Looks like it's been used for a while but I never saw until this week and this was the second time I saw it. Sounds derogatory.

Not new and not derogatory: https://www.amazon.com/My-Life-Quant-Reflections-Physics/dp/...

And it's not a term new to HN:

https://hn.algolia.com/?query=quant%20&sort=byPopularity&pre...

Why do people play TIL on HN?

Re: Why UBS Is Hiring So Many Quants

#20

Earlier quoted context omitted.

Quants are the guys who run the math so that the bat-wielding psychopaths that are traders don't accidentaly shoot their feet off. They usually have PHDs. They have some prestige on the trading floor. Edit: They don't literally have bats, you guys. But when the guy who's paying you ~250K a year looks over your shoulder and asks for a risk report, the effect is more or less the same.

I've noticed that on trading floors. Why do traders keep bats at their desks? Are they actually intimating threats of violence to support staff who are stuck on the floor dealing with them?

I think the bats are mostly intended to be humorous, but at least occasionally they are actually used as weapons.

http://www.bloomberg.com/news/articles/2016-05-12/ex-barclay...

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