Can you make massive money in investment banking?

@Princepieman @leavingthecity


Prince is an idiot, who does not understand the definition of statistical arbitrage, and instead of asking as someone who would be open to learn would, he would rather confirm his biases.

Quants are worth more than investment bankers.

They will not necessarily earn more, I never said that.

I was contradicting your affirmation that they start with lower salaries, which is nonsense.

Secondly, quant skills are more transferable than investment banking skills, and there's greater job security in quant jobs, simply for the fact that the pool is smaller due to Bachelor holders like you wanting a quick route.
This is an empirical fact.

Your response to this: "ahh phds r soo harrdd doe!!!"

Leavingthecity doesn't even understand ECN forex trading and basic risk management lol, she's not qualified to speak on matters beyond how a pretty female face and a thin body can help you find a job you're not qualified to hold.

This person said that leverage will necessarily lead to losses in another thread.

Stick to going out with brokers and wooing employers, you do not understand the rigors of quantitative finance.

In addition, terms such as "delusions of grandeur" are fitting for humanities students like you two are. Empiricist concern themselves only with viability. Everything I hold as a goal can be implemented.

You will only be proving your own ignorance. You're out of your depth.

This is the true reason why you're going back to school. You weren't educated enough to manoeuvre through a world driven by intellect.

This is the true reason why people your junior were leaping over you on the career ladder, not because of your sex.

Any profitable business is making money from arbitrage. By definition.

Operational risk lol - you're really stretching now, just exposing the degree to which you're intellectually dishonest.

I do, and I also know that hedge funds are the vehicles by which stat arb strategies are employed. As I've said before, if you want to make big money as a quant move to a quant HF. Banks don't recognise or appreciate (at least in terms of compensation) quants as much as these places. I will reiterate, at an invesmtent bank quants are merely middle office support staff (harsh, but true). At quant hedge funds, their strategies are the source of alpha for the firm.
Define 'worth'. To a bank, an investment banker brings in revenue and is thus, 'worth more' to them.

Well, considering an IBD analyst is on nearly £120k as a third year (out of undergrad), when the quant (at a bank) starts at £60k + a small bonus after a PhD, it's pretty much true. Sure, if the quant starts at a hedge fund the starting pay and upside is far larger.

Well, yeah. Most peoppe should NOT undergo a PhD solely to become a quant because they just won't last.

This is blatant sexism and largely nonsense.

Hmm, so lemme guess, when you've hit your margin and the losses start piling up it all just goes away right? Definitely no risk there.. Please.

Neither do you from the sounds of things

I'll be starting a Maths and Computer Science degree this fall but cheers.

I repeat, good luck finding enough arbitrage ops to become a billionaire.

Errrr, every minute of the day in a trading environment you are thinking about operational risk...you've never worked before have you?

And what is your depth Barry? What is your CV?

I've still only ever held grad roles and earned as much as and more than my graduate colleagues. I have more on my CV than many of them including experience running a team of 8 and having my own junior, have a larger list of contacts and now am going to get my degree later on. As for you questioning my intellect, I'm a straight A student thanks.

CV please.

@Princepieman @leavingthecity

Leavingthecity doesn't even understand ECN forex trading and basic risk management lol, she's not qualified to speak on matters beyond how a pretty female face and a thin body can help you find a job you're not qualified to hold.

This person said that leverage will necessarily lead to losses in another thread.

lol

Hint: Fractional reserve lending

Stick to going out with brokers and wooing employers, you do not understand the rigors of quantitative finance.

.

At this point I couldn't take you any less seriously. Just speechless. Ok.

LOL A-levels, you're not convincing me at all.

I could manufacture a CV right now, what would that prove?

That's why I don't speak in anecdotes, but instead rely on facts and logic to form arguments.

I am inclined to believe you, but I still don't understand how you don't know what an ECN is, and how you can believe leveraged trading holds some sort of constant negative expected value. It's baseless and an absurdity.

And brokers can't **** you in ECNs!!! Leveraged trading reduces your exposure if you use it to its advantage, with necessary stop losses.

Why is this hard to understand?

If you don't understand this, then it really doesn't require much intelligence to work in a brokerage.

Still proving my point. You have no clue what an ECN is, so you don't understand how leverage can be used profitably. And I honestly don't see why someone would employe you from your intellectual dishonesty and lack of in depth understanding of basic things like ECNs and profitable leveraged trading.

I am being sincere, though hyperbolic. I genuinely believe you are unskilled, and if you aren't lying altogether, it just shows me the extent to which appearance can get you places.

Of course leverage can be used profitably, they didn't invent it to make losses did they????

Are you in the markets? Having a theory about how something should work is one thing but.....

Please stop commenting on my appearance, it's rude and also a bit OTT, I'm nothing special Barry.

I do, and I also know that hedge funds are the vehicles by which stat arb strategies are employed. As I've said before, if you want to make big money as a quant move to a quant HF. Banks don't recognise or appreciate (at least in terms of compensation) quants as much as these places. I will reiterate, at an invesmtent bank quants are merely middle office support staff (harsh, but true). At quant hedge funds, their strategies are the source of alpha for the firm.



Define 'worth'. To a bank, an investment banker brings in revenue and is thus, 'worth more' to them.



Again, define 'worth'.



Well, considering an IBD analyst is on nearly £120k as a third year (out of undergrad), when the quant (at a bank) starts at £60k + a small bonus after a PhD, it's pretty much true. Sure, if the quant starts at a hedge fund the starting pay and upside is far larger.



Yep, never disputed this. Even then, bankers can easily move into private equity, fundamental hedge funds, corporate M&A teams, corporate strategy teams etc. Both have a modicum of optionality.



Well, yeah. Most people should NOT undergo a PhD solely to become a quant because they just won't last.



This is blatant sexism and largely nonsense.



Hmm, so lemme guess, when you've hit your margin and the losses start piling up it all just goes away right? Definitely no risk there.. Please.




Neither do you from the sounds of things



I'll be starting a Maths and Computer Science degree this fall but cheers.

I trade forex algorithmically on ECNs highly leveraged. I know my sh*t. That's why I hate generalization regarding that market. The opportunities are vast for those with a basic understanding of liquidity, game theory and market manipulation, and how other computer algorithms work and respond to stimuli, and where quotes come from.


You may not be anything special but some men do fawn over all females. So I genuinely thought it may have been a factor.

If i would like to go into IB/Trading. Which Course would be better please

Maths with Econ

Econ and Statistics

Thanks

If i would like to go into IB/Trading. Which Course would be better please

Maths with Econ

Econ and Statistics

Thanks

Instead of asking "Which course will get bankers to like me?"


Ask yourself if you want to be like some of the idiots on this thread and then decide if its really worth it to be liked by bankers afterall.