{ "media_type": "text", "post_content": "Should I have been a quant? Was a USAMO level math competitor as a kid, but fell out of that world after being sick of it all. \n\nAfter two years of aligning logos and models at an IB, I’m in an enviable place — but still earning less than some of my former peers who’re at Citadel and Jane Street, with worse hours. I like the work I do now, but it’s kind of frustrating that I’m never really using the skills I was once world class at. \n\nIs the grass actually greener?", "post_id": "616615b948168e002b9cd69b", "reply_count": 5, "vote_count": 1, "bowl_id": "553769a790f5eebe1d2a0f92", "bowl_name": "Finance" }

Should I have been a quant? Was a USAMO level math competitor as a kid, but fell out of that world after being sick of it all. After two years of aligning logos and models at an IB, I’m in an enviable place — but still earning less than some of my former peers who’re at Citadel and Jane Street, with worse hours. I like the work I do now, but it’s kind of frustrating that I’m never really using the skills I was once world class at. Is the grass actually greener?

like
Posting as :
works at
You are currently posting as works at

Do you mean you earn less than peers at citadel who are doing quant? Or fundamental? I’m someone who set out to be a quant but ended up switching to fundamental investing this year. Worked as a risk quant (only required stats/programming) before deciding to apply to MFE to up my math background; then decided that 1) the bar is higher for quant than fundamental investors; and 2) quant models didn’t do very well in tail events like COVID. I switched to real assets PE and am now in later stages with one of the top HFs for a L/S equity role. So my anecdote is that you could skip formal fundamental work experience and still get an investment seat if you can craft a pitch. Can’t skip MS PhD if you want a quant seat. And the upside is unlimited at both, so why spend time and $ on higher ed? I also think direct market exposure is more useful than academia.

like

I am not saying the bar is low. Getting into Citadel/millenium/P72 is hard. But they are more open to those with investment ideas even without the “right background.” I never did ER/banking but I can build models and generate ideas. I was also self taught in machine learning and can build those models but always got the feedback that quant funds strongly preferred MS/PhD candidates who know 3 programming languages. Higher ed could be right for others, but I don’t want to spend another 5 years being drowned in theories. At the end of the day, investors outperform on creativity and business acumen. You can hire others to build/implement technical models but you need ideas on what the models do.

like

Trading and algorithmic strats are very different, which are you looking at?

Yes, it is greener. WLB isn’t great (55 hrs/wk on average), but blows banking out of the water, and I have my weekends to myself. I considered banking in college but definitely made the right decision in hindsight. If you were USAMO level, you should have no problem getting interviews/offers from those trading shops (provided that you review concepts since you’ll probably be rusty). Happy to refer you if you pm me.

Related Posts

Senior Buyer whose specialty is electronic components with 27 years of experience. Recently ended up in the medical world and realizing I under sold myself. Management asked me to do an analysis and come up with a number. My current salary is 82k. In our industry with the same experience etc. jobs are posted for up to 108k. Management mentioned that they want to keep people and they pay their worth. I got this position through a recruiter. Any information good bad or indifferent is appreciated!

like

Had anyone at PwC had babies 14 months apart? Any limits on parental leave with the births so close together?

like

Planning to have kids soon How to be a good husband during/after your wife’s pregnancy and good father (especially while balancing consulting and Mon-Thurs travel)?

like

Sippin on Coke and rum, I'm like so what I'm drunk, It's the freakin weekend baby I'm about to have me some fun

like

Is it a bad look to put in your notice after coming back from a maternity leave? Would it burn bridges or not a big deal?

like

Having extreme mom guilt right about now - I picked my daughter up from daycare today and she looked like she was crying. Also in the meantime her teacher flipped out on a kid from what I saw it was because he spilled water on the table. This could have been the last thing he did. I’m not sure if he did other things before this. I’m a little concerned about how her teacher handled the kid. I understand that he probably was doing stuff to set her off. I want to say something to her tomorrow.

like

How much notice is required before taking parental leave at BCG? Is there something required per rule or is it more just best practice to give 60/90 days notice to give folks time to plan/schedule around it?

like
like

Exercise has always helped my depression but I’ve been sick and gotten out of routine. Tips on how to get back into it?

like

My firm has not announced any raises yet even though the market has gone up (A LOT) and firms in the area all have done so. I’ve decided to demand a raise to the compensation committee. But struggling to come with a number. I’m class of 2014 but have gone on four maternity leaves 😂. Any suggestions???? I’m in a smaller city (not CA/NYC/DC etc) and at a pretty big regional firm.

like

I have 3 bonus kids and 2 bio kids. I am counting the days until my youngest bonus kid leaves the nest.

like

Does anyone here work for Silicon Valley Bank? They recently acquired Boston Private. I’m a candidate for a job at Boston Private. Wondering if SVB is planning layoffs in the near term at BP? Also, does anyone know the anticipated benefits to be rolled out from SVB as the parent company? Specifically interested in health insurance providers. Thanks in advance for any information! Silicon Valley Bank

like

Is mental health (anxiety, nervous breakdown) a qualified medical reason for taking short term disability? And if yes, Who would need to sign off on that? I feel like I can't breathe or focus (ctd)

like

I said I just want to adopt kids and my mom said that I’m “not normal” and that men won’t like/stay loyal to women who don’t want to give birth. 🤦🏻‍♀️ To me, her statement is de-humanizing, because women are much more than just a bearing machine. BUT I also understand that biologically human have the built-in desire to continue their “seeds”. Guys - what’s your honest take on this? All - what should I say to my mom? I do what I do but want to approach this tactfully with mom + future guys.

like

Let's talk hair care! Wondering how folks keep their hair for work. I'm usually natural/fro or in single braids or Senegalese twists, but anyone with locs wanna share their experience? I want to get locs but idk if I can do the baby loc phase in this industry

like

What’s NYC 2021 like? I moved out over a year ago to raised a fam and hear crazy shi like 5-months free rent now!?! My paycheck to paycheck LES friend lives in FiDi with a doorman now?!? WTF is going on and do y’all prefer the New New York, or not so much?? Btw, Baby Kai says “Howdy!” 🤠

Post Photo
likeuplifting

I’m really sick of hearing your private conversations on public transportation. 🤫

like

Anyone out there have/had a baby and worked a job? Full time? Part time/project based etc ? What did you do and how did you make it work?

like

Have you ever been off sick and a colleague / team have ACTUALLY stepped up and taken care of business?

smarthelpful

Anyone here on a 80% flex schedule? If so, is it truly flex esp during busy season? Expecting 1st baby and considering whether I should do that. I’ve heard you end up working just as much for less pay

Additional Posts

My consultancy is in full on HIRE mode. I am specifically looking for QAs and Testers. You guys are hard to find! If you're interested in working for a technology consultancy out of Nashville TN, let me know. We have space for you. ..

like

Can you negotiate salary for full time associate offers in big 4 right now? Does it look insensitive?

like

Hi everyone! I am transitioning from plaintiff to defense side employment law. I have an offer from one small firm (conveyed to me today), but am waiting on a larger firm to get back to me. I told the larger firm of the offer and that I’d like to talk with them before making a decision. 1. How long do I wait before getting back to the first firm? 2. Any advice for moving the bigger firm along more quickly?

like

How did you get your start in HR?

Hello please can I find Victoria’s boot camp I keep hearing about this being great to study for shrm exam but I can’t find it anywhere thank you

like

How do you compare offers with Equity RSUs vs. typical bonus structure? My first time interviewing with a company that offers RSUs. Which of these offers would be better? 1. 130k base + 20% bonus 2. 125k base + 56-75k RSU over 4 year period

like

Avis screwed up my day big time once and to make up they gave me these coupons. I went to a Avis store nearby but they said it can't be used. They're valid till the end of year. How to use them?

Post Photo

Senior Buyer whose specialty is electronic components with 27 years of experience. Recently ended up in the medical world and realizing I under sold myself. Management asked me to do an analysis and come up with a number. My current salary is 82k. In our industry with the same experience etc. jobs are posted for up to 108k. Management mentioned that they want to keep people and they pay their worth. I got this position through a recruiter. Any information good bad or indifferent is appreciated!

like

What’s with people going from Big 4 or other accounting firms to recruiters? Several of the last recruiters I connected with came from accounting firms. 🧐

like

Legal question for internationals. Is it ok to work remotely as freelance from US agency without working visa? I will be in the US for vacations.

Pulling an all-nighter tonight (23 hrs) after a whole week (last week too) of midnight/2am nights. Do I really need to go into work today or can I take a mental health day off? Do I need to ask?

like

Currently interviewing with Barclays. I made it past the first round interview with the hiring manager and now interviewing with 3 other individuals. The role is a mix of product/strategy/innovation. Any advice would be greatly appreciated. It seems like harp on their “Barclays values” a lot.

like

For those of you who have both Chase (reserve/preferred) & Amex (platinum/gold/corporate) cards. Do you find it hard being in two different “points ecosystems”? Or is it not a big deal?

like

Hi! I want to exit out of consulting with almost 4 years under my belt. I’m mainly looking for product manager roles but debating going into SWE (after studying). I’ve applied to so many roles externally but rarely get call backs. How can I increase the number of interviews I’m getting or be seen as a competitive applicant?

like

For those who have been in recruiting and have pivoted into a different career path, what did you transition into doing instead?

like

I always beat myself up after an interview because I realize I left something out or could’ve used a better example. Any tips on how to stop thinking about an interview after it’s done? It’s driving me crazy…

like

Hi! Anyone experienced a cut of work hours as a proposal of work life balance? The result is less money with the possibility of using this money in a welfare program. Thank you in advance

like

What to take to an in person confirming interview?

like
like

SA level; still in Flux but would love additional perspective. Pretty open on where I'd want to be long term. Unsure what exit I'd shoot for if any. I like the idea of EBITDA impact vs PMO and being compensated should I be able to add a tail - my backgrounds tech though so I find myself doing IT centric work regardless of interest. PwC DDV 165k base + 30k sign A&M PEPI 130k base + 10k sign Alix EI 160k Base + 25k sign I know the latter have bigger bonuses. Alvarez & Marsal AlixPartners PwC

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

{ "isSet": true, "allowed": true }

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy.

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal