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🌟 Exciting news! 🌟 We have been asked a lot about preparing for Quant Trading and Research interviews, and we've shared some tips in our previous post. Link:https://lnkd.in/gF8PWbm4 But today we found something interesting. We went through a Proprietary Trading firm TransMarket Group's official Website. Link: https://lnkd.in/gGVapMHR TransMarket Group (TMG) is a global proprietary trading firm that is known for pioneering bond futures basis arbitrage They have listed the topics that are crucial for Quant Interviews. Please do have a look on this. We have attached the screenshot below. There are plenty of NPTEL Youtube videos available online free as well as free videos from top university like Stanford , MIT etc. These resources can serve as excellent supplement to deepen your understanding of key concepts. Request to the Audience: Kindly avoid purchasing purported "quant interview guides or Courses" without consulting individuals who have succeeded in securing positions in quantitative/trading firms with help of those resources. Many students are intrigued by quantitative roles and might hastily pay for courses/sheets without proper validation. Refrain from investing in subpar materials claiming guaranteed success. Instead, seek advice from experienced professionals or seniors who can guide you regarding these interview guides. Their insights will help you to make informed decisions, ensuring you choose genuine and valuable resources for your success. If you find this insightful do like and share with your network and follow QuantCrest for more free quant resources and interview preparation tips! #Quant #Finance #Interview #Money #CFA #Career #Job #Internship #DataScience #AI #FinancialMarket #Crypto #HFT #Stocks #Startup #Innovation #MachineLearning #finance #placementpreparation #quantitativeresearch #quanttrading #trading #resources #Quantcrest #quantitativefinance #linkedinlearning #linkedincommunity #careers #careersuccess #CareerEmpowerment #StayInformed #SuccessJourney #interviewpreparation

How to Break Into #Quant Trading/ Research in 2024/2025? Henry Chan, a #hedgefund #quant and former Assistant Vice President at #CreditSuisse ( #QuantResearch & #QuantDeveloper) will hold a free webinar, exploring career opportunities in #QuantTrading /Research for 2024/2025. Based on the market research, there are around 1500 hedge funds in Asia (mostly in #Singapore and #HongKong ), generating 3000-5000 tech/ quant opportunities. There are additionally 300-500 tech/quant jobs from prop shops and investment banks like #Citadel and #JaneStreet. Do you want to capitalize on the growing Quant/Technology opportunities in 2024/2025? Henry will share his strategies:  1. Introduction to quant and #algotrading 2. Essential programming skills 3. Optimal time to start learning quant and algo-trading 4. 4-month roadmap for beginners to learn quant and algo-trading 5. Career paths in quant and algo-trading 6. Case study: Landing a $200K job as a #freshgraduate 7. Tips for acing technical interviews 8. Resources for learning and #interviewpreparation To sign up for the webinar: [How to Break Into Quant Trading/ Research in 2024/2025?] for free, you can just:  ✔ Comment your email address below ✔ Hit 👍 like on this post! Only 100 seats are available. Register now to reserve your spot! #quant #internship #summeranalyst #freshgrad #gradjob

Quant ranks the #1 career in 2024. Everyone wants to be a quant, but why? Well, quant is the perfect career trifecta: money, status and intellectual stimulation. Let’s break down each. First, the money. This one’s pretty obvious – starting salaries at top firms like Citadel or HRT can be as high as $500k. Quant compensation leaves comparable roles like SWE, DS, or Investment Baking in the dust. But it’s not just about the money – quants have very high status too. Let me explain. Quant is different from other technical roles like engineering in one really important way. Historically, technical roles have been viewed as cost-centers. You need engineers, but how much money are they bringing in? Unclear. Quant changed the game. We now have an established industry where technical people are at the forefront of generating revenue. Quants put on trades that directly make profits. Huge profits. And when you’re a money-maker you command respect, status and autonomy both within and outside your firm. Lastly, quant roles are very intellectually stimulating. Obviously, it’s a multidisciplinary field where you have to apply skills across math, coding and finance, but there’s more. As a quant, you are essentially doing scientific research, and hence why the roles are called quant “researcher.” Scientific research was always the holy grail of creative work for nerds. Usually, you had to become a professor to enjoy a life of research but now you can work as a quant. Compare that to something like investment banking where you’re tweaking powerpoint slides and getting paid less. Not even close. So to sum up, quants get paid a ton, have high-status and enjoy really interesting work. If you're technical, it’s pretty hard to find something better. === Want to jump start your quant career? Click the link below and join a free quant career strategy session today. https://lnkd.in/euGT2jKn #quantitativeresearch #quantitativefinance #quant #hedgefunds #finance #tech #swe #softwareengineering #datascience #mfe

This is the WRONG message to put out. This attracts the wrong type of new comers to this industry whose sole purpose and focus are prestige and money instead of the right reasons. Quant Finance has been around for decades and we don't need a new crop of people getting in under the wrong impression and with misled intention. The simple reason is that they will very likely to feel miserable because the reality is far from advertised. 👉 Compensation: yes, you will be paid more than average for people with a STEM Master degree. On the hand, you are going to work extremely long hours, stressful jobs, and live in high cost cities. You will get nowhere close to the $500K or work at Citadel. This role and similar ones are for an extremely few people. Definitely not something for people just getting into this industry. 👉 Status: again, if you getting this line of job for the prestige or bragging right, you are in the wrong business. You will find thousands of people smarter than you. Your job is to make money for your employer. Nothing more, nothing less.

🥊🥊 Feeling hopeless in this job market? Do you know how many MFE grads you're up against? 👨🎓👩🎓 In 2024, over 1,600 quant master's students will be entering the US job market. And that's just from the 23 programs featured in the 2024 QuantNet ranking of U.S. quant programs. (This ranking includes students who started in Fall 2023.) There are many other master's programs in quantitative finance, financial engineering that we don’t rank. Additionally, there are numerous Masters in Finance programs with quantitative tracks—sort of "quant-ish" programs. And don't forget, there are countless other STEM master's programs whose graduates are also targeting finance jobs. Mark Ross Mehul Mehta #quantnet #mfe #quantjobs

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This Resume got shortlisted by Jane Street and got coverted into 2 internship offers in the Quant Trading division of Jane Street. If you are wondering how you can create a Quant resume which gets shortlisted by maximum number of Quant hedge funds and prop shops, Here's how to structure and showcase your skills for maximum impact: ➡ Tailoring is Key - - Research each firm's focus area (trading, risk management, etc.) and highlight skills relevant to their needs. Use keywords from their job descriptions liberally. - Don't use a generic resume. Tailor it for each position, emphasizing relevant experiences and skills. ➡ Structure and Content - - Keep it concise. Aim for 1-2 pages, prioritizing impactful information. - Briefly state your expertise, career goals, and value proposition relevant to the role. - Highlight quantitative skills: Emphasize proficiency in statistics, mathematics, financial modeling, machine learning, and relevant programming languages (Python, C++, R etc.). - Focus on relevant coursework related to quantitative finance, such as mathematical modeling, statistics, machine learning, algorithms, and financial econometrics. - Quantify your achievements: Did you earn any academic awards, scholarships, or distinctions related to quantitative subjects? Did you participate in math olympiads, programming competitions, or hackathons related to quantitative finance? Mention them, along with relevant GPA or grades if they're impressive. - Highlight research projects: If you participated in research projects related to quantitative finance or other relevant fields, showcase them! Briefly describe the project, your role, and any noteworthy findings or skills you developed. - Quantify achievements using metrics. Focus on projects demonstrating problem-solving, data analysis, and modeling skills. Show how you tackled complex challenges and delivered results. - Technical skills section: List programming languages, software packages (Bloomberg, MATLAB, etc.), and quantitative finance tools you're proficient in. - If you've contributed to open-source projects related to quantitative finance or relevant libraries/frameworks, mention them! ➡ Formatting and Presentation - - Use a clear, easy-to-read font and layout. Ensure consistency in headings, bullets, and spacing. - Proofread meticulously for typos and grammatical errors. Get someone else to proofread it for you. Kickstart your Quant Interview Prep with Quant Insider. Check out Quant Insider Stack - https://lnkd.in/gcfdUEfg A Bundle of Interview Byte, Quantopia Library, and Quant Insider Project Handbook with Bonus Resources. ‘Interview Byte’ contains 500+ Interview questions(https://lnkd.in/gkqcrrKf) Quantopia Library is the goldmine for building your domain knowledge and technical skills. (https://lnkd.in/geThBB4d) Quant Insider Project Handbook has 10 industry-oriented projects based on competitions conducted by Top HFTs and Hedge Funds. (https://lnkd.in/gWBEn78U)

Arbitrage-Free SVI Volatility Surfaces SVI stands for Stochastic Volatility Inspired. An SVI volatility surface is a parametric model used to represent the implied volatility surface of options across different strikes and maturities.Key Features of SVI Volatility Surfaces 1. Parametric Model: The SVI model uses a set of parameters to define the shape of the volatility surface 2. Consistency with Stochastic Volatility The SVI model is designed to be consistent with stochastic volatility dynamics, exhibiting linear behavior in the wings of the volatility smile4. 3. Flexibility With its five parameters, the SVI model can fit a wide range of volatility curve shapes 4. Arbitrage-Free Conditions: Recent developments have focused on establishing conditions that ensure the SVI surface is free of static arbitrage opportunities #quant #finance #stochastic #volatility #inspired #vol #surface #arbitrage #arbfree

Many students from around the globe are asking if there is a student discount on the QA Profession course. There is a fixed price for both students and this year grads (before the first grad job). But to be offered this price one has to enroll into the free version of the course and mark themselves as a student. There is also a discount for the headhunters. Junior headhunters need to understand the quant jobs to better screen quants, so as to offer the higher value service to the employers, but also to advise the more junior quants on the career progression. To qualify for the headhunter discount, one needs to mark themselves as a headhunter on enrollment. The free sections handout is avaliable as a Kindle eBook globally on Amazon, search for the full course name or just "quant career". It just got it first 5* rating by someone, unrelated to me ;) It is important to plan your career in quant FINANCE, not to be confused with quant TRADING, which is a very small subset of finance, hence indeed requires very little knowledge of finance. But quant finance proper does. It is only sensible to gain some of this knowledge before the 2025 summer internship and graduate interview rounds this autumn. There are 15 hours of material to learn, and summertime is bounded. I will expand finance vs trading a bit later, but check out the free sections 1.6 and 1.7 and 1.9 in the meantime. qaprofession.com #quant #career #quantitativefinance ##quantitativeresearch

Unleashing the Profit Potential of Short Positions: Your Roadmap to Financial Triumph! 💰 #ShortPosition #Investing #Finance Join the journey from dreams to wealth with Day 21 of my Equity Research Terminologies Series! 📊📚 Master the language of markets, from Alpha to Z-Score. Let's decode wealth creation together! 💰📈 21 What is Short Position? 🎯 Borrowing and selling a security with the expectation that’s its price will fall, to repurchase it later at a lower price 🎯 A trader may decide to short a security when she believes that the price of that security is likely to decrease in the near future. 🎯 This technique allows traders to profit in a falling market or hedge against potential losses in their long positions. However, short selling comes with risks, including unlimited potential losses if the price of the asset rises significantly 👉 Above terminology is usually asked in many Interviews related to finance, Investment or accounting. If answered correctly it helps the candidate to get hired for a Job or an Internship! ✅ Do you think this was helpful? 💡 Follow Alok Gosalia for more such content on Equity Research Terminologies, Career Counseling and self-growth. Stay tuned for my next day's insights! ✨ Don’t forget to like, comment, tag your connections who wish to learn about research terminologies and save this post for later. ✅ All The Best! 😊💐 . Until next time!.. (Follow 👉 #alokgosalia) #investment #personaldevelopement #EquityResearch #StockAnalysis #linkedin