Will Quay become a highly
competitive profession in the future
quantity finance as soon as QUANs have
been booming lately
it can really combine a strong understanding of finance
together with strong programming and mathematical
skills however
Quan can also be categorizing to many different layers
at the forefront would be algorithmic trading
where one deploys a sophisticated
program to exploit profitable opportunities
in the market
apart from that
there are also quantitative analytics
quantitative researchers
quantitative developer
to name just more popular ones
however the underlying goal is to automate the whole
decision making
process to help determine
misprising in markets
so corns can see in the front middle or back office
and within the investment bank
most corns sits within the middle of this function
but they are generally compensated with front
of this compensation
on the bike side such as hash funds or family office
the b's compensation is similar to cell site
except that it offers a higher bonus payout
or a target payout which tends to be higher than
the cell site to the compensation
however there is a cash
such deals are generally more attractive on the mega
fund site
normally funds that are sitting on tens of billions of
dollars of access
so the question is
would booming one market lead to intense competition
I will actually think so
so
any high income opportunities will eventually face a
market squeeze
and I'll give four reasons for this
firstly higher demand for technical degrees in schools
so as schools begin to
introduce more technical costs and increase their
enrollment it is normal to
expect a significant number of graduates
targeting a career in quantity finance
the top iability programs have been
actually expanding enrollment post covid
to satisfy the demand for stem related degrees
as they are seen as the most realisticated
to achieve the American dream of prosperity
in fact many schools
hire or collaborate with coins from the private sector
to inculcate industry teachings to students
for example Elgarish may trading
AI in finance or
capstone projects them mix generating L file in a fun
this helps to foster student
skillses in the area of math
probability coding
and how to apply them in the financial markets
but more importantly
the student understands how to speak the one language
during interviews
and therefore
it is actually harder for one to stand out
if this range passes
and the second reason
would be the accessibility to resources
so in the internet era
you can easily Google for any information
sign up for online causes
ascration on forums like 1 nets that overflow Reddit
and I notice they are specialists in these areas
they tend to apply reply to the best of their ability
which makes it
much easier for those who wants to get a
closer fuel to the Kwan finance industry
private universities have also been driving greater
engagement between their students and alumni
so a higher alumni presence in the bank
typically
leads to a higher likelihood of students being hired
from the particular program
and the third reason would be the packaging
I have come across applicant resume for cornrow
within the investment bank
and I realized that these days
applicants are very smart at packaging the
experience in your resume
for example in a school project or a capstone
project with a company will list themselves as
an analyst or an intern
and will use all sorts of passwords
and impressive figures
to attract attention
this makes it hard
for interviewers to screen out the best available
candidates also based on my understanding
many schools uses AI tools like vmog to help provide
a suggestion on students resume
this means that
less qualified candidates could also be considered
for a role in Quan finance
if they are able to build a resumated mimix that
offer highly qualified Quan candidates
so as the packaging improved
I would
expect to see more demands from the candidate sites
and normally
more wrongs of interviews would have to be done
to eventually filter how those were
the best fit for the role
and last but not least we have the HD
GPT is always the tool to answer our questions
almost immediately
comes in 00 for an online interview
for any technical
questions that are related to statistics
probability goal coding
HPD always
constructs near perfect solutions in many sentences
days only days
that only provides one way of answering
and almost anyone
including less qualified candidates
they can portray an image of a qualified one
just imagine if all shortlisted candidate
is turning to call check GPT for an online interview
how much harder will the interview be
this accessibility to powerful AI tools
create an even playing feel for everyone
therefore lowering the bear of entry into quant finance
and this is why I think
the competition will only get more intense
towards getting a job in the quant finance industry
