QuantCrest’s Post

Puzzle Books to Challenge Your Mind 🧩: In most quantitative inte­rviews, you'll likely face puzzle­s that can be tricky to solve right away. To exce­l in these intervie­ws, practicing beforehand is crucial. There­ are several gre­at books available that can greatly improve your ability to tackle­ the puzzle questions fre­quently asked in quant interviews. 1. Mathematical Puzzles:- A Connoisseur's Collection: https://lnkd.in/dxJpMFVE 2. Entertaining Mathematical Puzzles by Martin Gardner: https://lnkd.in/drVupRMz 3. Mathematical Puzzles by Sam Loyd: https://lnkd.in/dTaTGjmh 4. The Moscow Puzzles: 359 Mathematical Recreations: https://lnkd.in/gQDAM8cZ 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

Here is a structured roadmap to help you prepare for and succeed in a buy-side quant job by Giuseppe Paleologo Understanding the Buy-Side Quant Landscape Key Employers: Focus on hedge funds and proprietary trading firms where quants are core. Examples include: Major Firms: Citadel, DE Shaw, Millennium, Two Sigma, etc. Niche Players: Walleye, Radix, Maven, etc. 2. Preparing for Applications Follow Target Firms: LinkedIn, X (Twitter), Reddit (r/quant, r/algotrading), Discord channels. Understand the Firms: Research their strategies, strengths, and culture. Engage: Attend on-campus recruiting events and networking opportunities. Extracurricular Activities: Participate in investment clubs or hackathons. 3. Building Core Skills Coding and Problem-Solving: Platforms: Codility, HackerRank, LeetCode. Books: Elements of Programming Interviews, Competitive Programming. Mathematics and Statistics: Key Books: All of Statistics by Larry Wasserman Applied Probability Models by Sheldon Ross Convex Optimization by Boyd and Vandenberghe Skills: Numerical linear algebra, applied probabilistic modelling, optimization. Puzzles and Logic 4. Securing Internships and Entry-Level Roles Apply Strategically: Focus on internships as extended interviews. Gain Real-World Interview Practice: Start with less preferred firms to build confidence and experience. Internship Focus: Treat internships as a chance to evaluate the firm's culture and job fit. 5. Excelling in Interviews Preparation: Familiarize yourself with common brain teasers and coding tests. Know the firm's focus and recent successes. Books for Insight: My Life as a Quant by Emanuel Derman The Man Who Solved the Market by Gregory Zuckerman A Man for All Markets by Edward Thorp Demonstrate Key Traits: Curiosity, creativity, humility, and integrity. 6. Building a Research Career Develop a Research Agenda: Keep a list of open questions and organize your learning. Continuous Learning: Read at least one research paper weekly. Stay updated via ArXiv, SSRN, and sell-side research. Collaboration: Work with colleagues and network with experts in complementary fields. 7. Planning Long-Term Growth Choose Roles Strategically: Look for opportunities that prepare you for future, more advanced roles. Mentorship: Identify mentors, maintain relationships, and give back when possible. Focus Beyond Alpha: Explore intellectually rewarding roles like data analysis, execution optimization, and risk management. ➡ Kickstart your Quant Interview Prep ↗ ‘Interview Byte’ contains 500+ Interview questions (https://lnkd.in/gkqcrrKf) ↗ Quant Insider Project Handbook has 15 industry-oriented projects, which include 10 industry-oriented projects based on challenges conducted by Top HFT's and Hedge Funds. (https://lnkd.in/gWBEn78U) ↗ Check out Quant Insider Stack - https://lnkd.in/gcfdUEfg A Bundle of Interview Byte and Project Handbook

The Quant Research and Trading Recruitment Cycle: It's Closer Than You Think! 🚀 At QuantCrest, we believe in seizing every opportunity, and the quant research and trading recruitment cycle is no different. Here's what you need to know to stay ahead: August-November: Peak Season 🌟 Intense Recruiting: This period marks the heart of quant recruiting, where the majority of hiring decisions are made. December-February: Winter Lull ❄️ Hiring Slows: The pace of hiring slows considerably, providing a breather. March-April: Last-Minute Sprint 🏃 Final Push: This is the last opportunity for high-potential candidates who narrowly missed out earlier to make their mark. Resources: Quantitative Compendium 1.0, your ultimate guide to mastering quantitative interviews and advancing in your quantitative career, guided by IIT students already placed in top firms like Optiver, Flow Traders, Jane Street etc. Compendium Link: https://lnkd.in/gkpPgA7h Market Making Guide: Attached Below Stay in the Loop 🔄 Join us on this journey to excellence in quant research and trading. 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

(contd.) Series on Pursuing a career as a #Quant. Post 2 - Evaluating Your career as a Quant Trader/Researcher? Are you a student eyeing a future in the high-stakes world of Quant & Trading? Excelling as a quant requires much more than just stellar academic records. Here’s a breakdown of what it takes to not only enter but also thrive in this demanding sector. 1. Build a Strong Quantitative Foundation: Start with your strengths in mathematics and engineering. Deepen your understanding of concepts like probability, statistics, and algorithms—these are the bedrock of quant analysis. 2. Develop Programming Skills: Learn programming languages that are indispensable in the field, such as Python for data analysis and C++ for high-performance algorithms. Being proficient in these languages is crucial for tackling complex financial models and simulations. 3. Understand Financial Markets: While your engineering courses might not cover this, gaining a fundamental understanding of financial markets and instruments is essential. Online courses from platforms like Coursera or edX can provide a good start. 4. Participate in Competitions: Engage in quant competitions and hackathons like the ones Optiver hosts. These not only hone your skills but also put you on the radar of major financial institutions that often scout talent through such events. 5. Networking and Industry Insight: Connect with alumni and professionals already working in finance. LinkedIn is a great tool for this. Attend webinars and workshops where you can hear from and interact with industry experts. 7. Showcase Your Skills: Build a portfolio of your projects and contributions. Whether it’s a successful trading algorithm or a research paper on market behaviors, having a tangible showcase of your work can make a big difference. 8. Continuous Learning: The financial landscape is constantly evolving with new technologies like machine learning and blockchain reshaping markets. Keep updating your skills and knowledge to stay relevant. Navigating the path to becoming a quant involves blending your technical expertise with a solid grasp of financial strategies. Firms are looking for candidates who not only solve complex problems but can also innovate and adapt quickly. It’s a challenging career path but immensely rewarding with the potential for significant impact and personal growth. #QuantCareers #FinanceIndustry #CareerDevelopment #FinanceCareers #QuantJobs #Trading #PropTrading #HFTs #Engineering #India #Mumbai #Campus #Interns #Technology #Strats #Quants #CampusPlacements #CampusRecruitment #SummerInternships #Math #Programming

🔥Introducing Quantitative Compendium 1.0: From Zero to Advance!🔥 We are excited to introduce Quantitative Compendium 1.0, your ultimate guide to mastering quantitative interviews and advancing in your quantitative career. This comprehensive resource is designed to take you from the basics to advanced levels, ensuring you have everything you need to succeed. 🔍 What's Inside? 📚 Advanced Books: A curated list of essential books to deepen your knowledge and skills for quantitative interviews. 📝 Research Paper Project Explanation: Step-by-step guidance on tackling a research paper project, a critical component in showcasing your expertise. 🏢 Target Firm List: A precise list of top firms to target, helping you streamline your job search and focus on the best opportunities. Take a look and start your journey to quantitative excellence today! We hope this resource will play a crucial role in your success. Compendium Link: https://lnkd.in/gkpPgA7h 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

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

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

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

Post 3 (contd.) - Essential Prep for Aspiring Quants and Traders If you are aiming to become a quant or a trader, the success path in these high-stakes finance roles demands a blend of technical expertise, market understanding & knowledge, and strategic thinking. Here's a few things you can do to prepare to excel: 1. Master Key Technical and Quant Skills: For both roles, strong math is a must - coupled with statistical foundations. Focus on areas like statistical modeling, probability, quick mental math for risk assessment and decision-making. Programming is also good to have, particularly in C++ & Python, and increasingly useful as the trading floors become more and more automated. 2. Deepen your Finance knowledge: A thorough understanding of financial markets, instruments and mechanisms is essential. Engage with news, read and follow market trends, and understand different classes and derivatives. Courses on financial markets, trading strategies and instruments are super valuable. 3. Practical experience through Simulations and Internships: Simulated trading platforms provide a risk-free environment to test strategies. Internships at banks or trading firms offer on-the-job experience, providing insights into the work and decision-making processes in real market conditions. 4. Network & learn from Industry Professionals: Build relationships with industry pros and mentors. Attend conference, seminars and workshops. Join professional networks on LinkedIn - I've always found a lot of information here. 5. Develop Essential Soft Skills: Effective communication, resilience under pressure, and quick decision-making are critical aspects for both traders & quants. Engage in activities that challenge you to learn and improve these skills, such as games like chess. Preparing for career in Quant & Trading involves rigorous mix of study, practical applications, and continuous adaptation to new information. Each step you take to broaden your knowledge and sharpen your skills brings you close to a successful career in this fast-paced world. At Optiver, we are hiring Quants and Traders. Learn more about our opportunities here at https://lnkd.in/gCB_3yiY #QuantCareers #FinanceIndustry #CareerDevelopment #FinanceCareers #QuantJobs #Trading #PropTrading #HFTs #Engineering #India #Mumbai #Campus #Interns #Technology #Strats #Quants #CampusPlacements #CampusRecruitment #SummerInternships #Math #Programming #Optiver

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