UK
Sector: Quantitative Analytics
This is the recommended reading if you want a career in high frequency trading
Trading in investment banks is foundering due to the Volcker Rule. Hedge funds are having a bad year due to bad markets. But high speed trading is expected to grow. Even though this week’s leaked MiFid II document suggests high speed trading will be regulated in future, high speed trading remains a growth market. A [...]
One man’s neat, elegant and mathematically compelling solution for getting a top job in a bank or hedge fund
It’s also time consuming and involves lots of work. But still. The great idea comes via David Biello, an author for Scientific American, who yesterday tweeted that: “embedded at the end of this interview is the secret to landing a job at goldman sachs or trading house of your choice…” The idea, expounded by the [...]
It is allegedly possible to switch into Goldman Sachs as a quant aged 42 after a previous career in the civil service
Most of the time when people ask whether it’s possible to move into a first job in investment banking aged 40+, we say probably not: banking is, unfortunately, an industry with a lot of 20 and 30 year olds and rightly or wrongly there tends to be a bias against hiring anyone who doesn’t fall [...]
Only 7% of City quants are women and those women are statistically less likely to be happy than men
If you’re a quant and you’re a woman, the chances are that you are a) not among other women; b) not particularly content with your lot. Research by P&D Quant recruitment, a quant recruitment firm, found that in a sample of 600 quants in London, only 43 were women. Those women emerged as notably less [...]
Questions you should always anticipate at quant interviews
If you’re interviewing for a quant role in an investment bank, success won’t simply be a question of laying out your PhD and letting your thesis speak for itself. You will need to talk. You will need to answer questions. These are some the questions you should expect. 1) Can you tell me, briefly (and [...]
FRIDAY’S KILLER QUESTION: A hybrid game of chess and dominoes
On alternate Friday afternoons we are posting cryptic questions from 7city Learning. Add your answers in the comments box at the bottom of the page. Approbation will be given to the person who provides the correct answer first. We’ll add the official answer to the bottom of this article on Monday afternoon. You have a [...]
FRIDAY’S KILLER QUESTION: 100 people are in line to board Airforce One…
100 people are in line to board Airforce One. There are exactly 100 seats on the plane. Each passenger has a ticket. Each ticket assigns the passenger to a specific seat. The passengers board the aircraft one at a time. GW is the first to board the plane. He cannot read, and does not know [...]
FRIDAY’S KILLER QUESTION: The Bajoran alphabet has 18 letters…
Every Friday we’ll be posting challenging and cryptic questions for you to answer, provided for us by 7city Learning. Post your answers in the comments box at the bottom of the page. Extreme deference will be accorded to the person who provides the correct answer first. We’ll add the official answer to the bottom of [...]
Looks like the FSA’s going to need some algo trading quants
So. It looks like the FSA, or its replacement, is going to need a few high-powered quant types. According to Bloomberg, and various other sources, the EU’s new MiFiD rules will include a requirement for banks to tell regulators precisely how their algorithms work. This is causing apoplexy/incredulity among some quant recruiters, who suggest the [...]
FRIDAY’S KILLER QUESTION: You have some biased coins…
Every Friday we’ll be posting challenging and cryptic questions for you to answer, provided for us by 7city Learning. Post your answers in the comments box at the bottom of the page. Maximum kudos will be provided to the person who provides the correct answer first. We’ll add the correct answer to the bottom of [...]
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