Re: Advice requested: getting into computational finance

Posted by Min Liu on
URL: http://quantlib.414.s1.nabble.com/Advice-requested-getting-into-computational-finance-tp7422p7425.html

"quants are here to stay. because it is
not quants who failed, correct? it was risk management / compliance /
regulation or simple ethics and stupidity. "
===========
 
Just wonder how many quants are actually working in or for risk management!
In my view, they are part of risk management team.

On Fri, Apr 10, 2009 at 4:40 PM, snovik <[hidden email]> wrote:

despite all negativity that one can read/hear these days in the media about
quants, there is one thing for sure: quants are here to stay. because it is
not quants who failed, correct? it was risk management / compliance /
regulation or simple ethics and stupidity. in the aftermath of dot.com
internet became an almost forbidden word. same is happening now to quants.
nevertheless quants can and will provide a valid value-adding service to the
world of financial intermediation, aka banks and co.



ksvanhorn wrote:
>
> My thanks to everyone who has responded; I appreciate your help.  I'm not
> entirely sure where I'm going with this -- just exploring possibilities,
> mainly.  Yes, everyone is laying off and hiring is down everywhere these
> days; dice.com job listings are down 45% from a year ago.  I did find one
> company, though, that seems to be aggressively hiring software developers
> with a background in functional programming to work closely with their
> quants.
>
> I have two final questions, if you don't mind.  First, is there a good
> quick survey of the field, something that maps out the important ideas,
> topics, and problems?
>
> Second, is QF only useful for large enterprises, or could some of this
> stuff be of use to individual investors and decision makers for
> small/medium businesses?  Two issues lead me to ask this: 1) transaction
> costs, which I assume are going to be a lot more significant for a smaller
> player, and 2) in my initial reading I've encountered an assumption that
> interest rates for borrowing and lending are (nearly) the same, which only
> holds for large enterprises.
>
>

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