Forshooey
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#1
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#1
Happy to answer any questions about my background and the application process and can guide prospective applicants to various good resources.
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username5242100
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#2
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#2
Hey!
I hope to become a quant trader one day.
Q1: I hope to do maths and econ at uni, would you say a straight maths degree will be a better option?
Q2: Is it necessary to do a masters/Phd to become a quant trader?
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username2825764
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#3
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#3
What degree subject did you study and where did you study?
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Forshooey
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#4
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#4
(Original post by MalcolmX)
What degree subject did you study and where did you study?
Maths at Cambridge (BA) which seems to be a kind of standard background. Most people I've seen with offers are COWI/LSE Maths/CS/Econ/Stats or some mixture with a few Engineers dropped in. With a lot of the people having masters/PhDs
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Uplearnisitworth
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#5
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(Original post by Forshooey)
Happy to answer any questions about my background and the application process and can guide prospective applicants to various good resources.
what grades did you get at GCSE,A level (and what subjects did you take), and how do you become a quant trader?

thanks
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Other_Owl
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#6
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#6
Whats that?
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Forshooey
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#7
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#7
(Original post by Uplearnisitworth)
what grades did you get at GCSE,A level (and what subjects did you take), and how do you become a quant trader?

thanks
GCSE is very irrelevant once you've gone to uni but mostly A*s with a couple As,Bs sprinkled in. For a-levels I did Maths/FM/Phys and got A*A*A*. To become a quant trader you need a strong mathematical background and to be good at logic/probability puzzles and mental maths then just apply and pray really. If you have a question more specific about the application process I'll answer in more detail. (Also did STEP and some Maths competitions and did well and mentioned them during interviews which the interviewers seemed to like)
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Uplearnisitworth
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#8
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#8
(Original post by Forshooey)
GCSE is very irrelevant once you've gone to uni but mostly A*s with a couple As,Bs sprinkled in. For a-levels I did Maths/FM/Phys and got A*A*A*. To become a quant trader you need a strong mathematical background and to be good at logic/probability puzzles and mental maths then just apply and pray really. If you have a question more specific about the application process I'll answer in more detail. (Also did STEP and some Maths competitions and did well and mentioned them during interviews which the interviewers seemed to like)
ok im studying maths bio and chemistry and sitting exams this summer i can achieve 3 A*

the salary is nuts for quant trading
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Forshooey
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#9
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#9
(Original post by Uplearnisitworth)
ok im studying maths bio and chemistry and sitting exams this summer i can achieve 3 A*

the salary is nuts for quant trading
Yeh the salary is crazy roughly 200k GBP total comp for the firm I have an offer for. If it's something you're interested in it might be slightly tough without FM because it helps to do a very quantitative degree but definitely still a possibility (especially if you get top grades and go to a top uni)
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Forshooey
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#10
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#10
(Original post by mozarelladippers)
Hey!
I hope to become a quant trader one day.
Q1: I hope to do maths and econ at uni, would you say a straight maths degree will be a better option?
Q2: Is it necessary to do a masters/Phd to become a quant trader?
Q1: Maths and Econ is definitely fine the most important thing is being able to get past the CV screen then it's up to you really. A maths degree will probably put you in a better position with regards to problem solving/logic puzzles to actually excel in interviews though.

Q2: It's very common but definitely not necessary. For reference I've done neither
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Uplearnisitworth
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#11
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#11
(Original post by Forshooey)
Yeh the salary is crazy roughly 200k GBP total comp for the firm I have an offer for. If it's something you're interested in it might be slightly tough without FM because it helps to do a very quantitative degree but definitely still a possibility (especially if you get top grades and go to a top uni)
wow

what uni did you go to and what did you study
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Forshooey
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#12
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#12
(Original post by Uplearnisitworth)
wow

what uni did you go to and what did you study
Answered above but Maths at Cambridge. But a very quantitative degree at a top uni is the common background (also masters/PhDs very common)
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machine805
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#13
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#13
I'll be honest, I have little to no idea of what Quants do but I always tell people that I'd like to be one. Could you give me a brief description of your work?
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Uplearnisitworth
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#14
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#14
(Original post by Forshooey)
Answered above but Maths at Cambridge. But a very quantitative degree at a top uni is the common background (also masters/PhDs very common)
my bad didnt see that

can i just ask - you dont have to say tho but what race are you? and did you go to a private school?

thanks - it takes a lot of hard work and smarts
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Forshooey
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#15
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#15
(Original post by machine805)
I'll be honest, I have little to no idea of what Quants do but I always tell people that I'd like to be one. Could you give me a brief description of your work?
The specific role will vary quite a bit from firm to firm but on a high level Quant Traders use mathematical models to buy an sell different securities (eg equities or derivatives). What you trade and the specific role will depend on the firm because some Quant Traders will do more research and be closer in nature to Quant Researchers but some will heavily focus on executing trades and be closer in nature to Traders but the fundamental idea is just analysing the financial market using mathematical analysis to buy low sell high
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Forshooey
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#16
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#16
(Original post by Uplearnisitworth)
my bad didnt see that

can i just ask - you dont have to say tho but what race are you? and did you go to a private school?

thanks - it takes a lot of hard work and smarts
I won't answer either of them purely because it just gives more info to dox but neither of those matter in the slightest. Going to private school will probably help with your education to get you into a better uni but once you're at uni neither of those matter and prop trading firms are very meritocratic because traders are so close to the money that if they think you can make them money they will hire you regardless of your background and if they don't think you can make money they won't.
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Uplearnisitworth
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#17
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#17
(Original post by Forshooey)
I won't answer either of them purely because it just gives more info to dox but neither of those matter in the slightest. Going to private school will probably help with your education to get you into a better uni but once you're at uni neither of those matter and prop trading firms are very meritocratic because traders are so close to the money that if they think you can make them money they will hire you regardless of your background and if they don't think you can make money they won't.
yeah ur right of course its just that i know a lot of intelligent people who can get grades like that but they are poor and their parents never went to school they dont even know what a quant trader is -

i just realised that was a dumb question since you already told us the school you went to

thanks - i dont want to become a quant trader im not that interested in further maths but its a fascinating job!
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Forshooey
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#18
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#18
(Original post by Uplearnisitworth)
yeah ur right of course its just that i know a lot of intelligent people who can get grades like that but they are poor and their parents never went to school they dont even know what a quant trader is -

i just realised that was a dumb question since you already told us the school you went to

thanks - i dont want to become a quant trader im not that interested in further maths but its a fascinating job!
Yeh a lot of people aren't aware of what Quants are but I think it's mainly because the firms are small in terms of number of employees and aren't very commonly in the news and also don't interact with the public directly. Being poor is obviously a disadvantage for basically everything in life but in terms of becoming a quant I think it's one of the places it matters less because you don't need to network or know people and very few peoples parents will be involved or know about quant trading.
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Quadrinomial
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#19
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What made you want to become a quant trader? Is it the money or other more important factors?
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Forshooey
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#20
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#20
(Original post by Incede)
What made you want to become a quant trader? Is it the money or other more important factors?
So there are multiple aspects of it I was a big fan of including but not limited to the compensation:
1) I've always been a fan of poker and trading is very similar to poker in the sense that you have to take calculated risks without perfect information by using confidence intervals and hoping for long term game
2) I've always enjoyed problem solving and have a very strong quantitative background so that aspect of it has always appealed to me. Also the idea of seeing immediate impact by decisions I make interests me as opposed to going into research and be working on a fairly meaningless problem for months
3) The work life balance is relatively good compared to stuff like IB/Consultancy because it has more of a tech vibe than finance vibe i.e people don't wear suits at work and don't work 90 hour week
4) Likely to meet a wide range of smart people
5) Very competitive but also very collaborative
6) Money
I'm sure there are more but these combined with other things made it seem like kind of the ideal job for me
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