5 misconceptions about becoming a quant trader

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  • Опубліковано 22 лис 2024

КОМЕНТАРІ • 69

  • @0x404-w5w
    @0x404-w5w 3 роки тому +118

    In my last SWE intership, my colleague and fellow intern at JPM had a BA in Classics with a minor in music. The dude only went to a coding bootcamp but finnessed his way through the interview and he's now a junior dev in the quant shop. When I learned this, I realized that they aren't just looking to recruit the CompSci tryhards from target schools for junior dev positions, but for people that are teachable and have atleast an intermediate technical ability (Basic coding) and decent math skills. They'll teach you literally everything else.

    • @CodingJesus
      @CodingJesus  3 роки тому +24

      This man gets it! It’s not about the degree, it’s about the skillset. Of course, if you have the correct degree you you most likely have the skillset, but that doesn’t mean that you can’t possess the skillset without the correct degree (and quantitative trading firms hire for the skillset).

    • @Zeegoner
      @Zeegoner 2 роки тому +3

      I'm betting the JPM internship heavily worked in his favor... He likely had a good GPA too... Mine is not listed. I'm finding it impossible to get recruiters to be interested in me past initial phone interviews. I am timid in these calls and working on being more confident though. It is agonizing to consider that it might be the case that improving my confidence may not bear much fruit if I have been tossed for GPA, rather than for some lack of confidence on my part, on the phone...

    • @0x404-w5w
      @0x404-w5w 2 роки тому +13

      @@Zeegoner He had a portfolio of about 6 big projects, a 3.2 GPA, A ton of charisma and self-confidence. He was also very lucky. At the right place at the right time. Unfortunately, luck is a factor that negates everything else. You have to be lucky to get through the first 2 interviews.
      You are getting to the phone interview phase. This is actually a big victory! most applicants don't even get close to this. Keep working on those soft-skills and beef up your portfolio with some complex projects!

    • @cengizali5361
      @cengizali5361 2 роки тому +2

      good thing about trading floor more focus on abilities rather than politics so much better vs the sales team.

    • @jame_time
      @jame_time Рік тому

      do you happen to know what city of jpm he works at? (i work at jpm too)

  • @aaronroach2604
    @aaronroach2604 3 роки тому +26

    started watching this channel a month ago, just got my first quant dev job offer having only a bachelors in math/stats & 2.5 yrs work experience. Interview involved working on two projects - they wanted to see what I could do. Happy to chat about it with aspiring quant traders/analysts/developers

    • @kevinfine5181
      @kevinfine5181 2 роки тому

      Any way to message?

    • @jonathanperez8386
      @jonathanperez8386 2 роки тому

      Hey brother what specific projects were you working on ?

    • @user-nq4hw5eb9d
      @user-nq4hw5eb9d 2 роки тому

      Hey Aaron, hope the job is going well if you took it! I am interested in hearing what kind of math was involved and the level of difficulty. I am interested in this career potentially but have limited background in math other than some stat and calc 1. Coming in as a senior I am set to complete my degree in SCM and MIS, but after taking one of my stat classes I got really interested in this stuff. My professor actually suggested changing my major before realizing I was almost done lol. My question is, what would you recommend that I can do within a year to make myself as competitive as possible for a position like the one you were offered. Just for some reference, I am coming from a reputable university with a 3.73 GPA, two internships (one of which was as a financial analyst), I have a coding background, and I am completing a data science certificate.

    • @BlessGodMinistry
      @BlessGodMinistry Рік тому

      All have done evil “For all have sinned, and come short of the glory of God” (Romans 3:23) The penalty for sin is hell (Revelation 21:8). Because of Gods love for us Jesus Christ came down from heaven to take the punishment for our sin on the cross in which he was spat on, beaten, mocked and laughed at.
      Christ died for the sins of the world and The third day God raised him from the dead (Praise God). This was done so that those who believe on Christ will not perish (hell) but have life everlasting (heaven); be justified by Gods grace through redemption in Christ (John 3:16) (Romans 3:24).
      The blood Jesus shed on the cross washes away our sin if we Believe in The Son of God and his finished work (ordained by God) on the cross. When this happens the believer receives the righteousness of Christ in place of their own unrighteousness (all sins are forgiven) and this makes them saved (going heaven) and they are born again as a Christian. (Romans 3:25-26)

  • @puszkatech
    @puszkatech 3 роки тому +3

    What a calming clean sound background ;)

    • @puszkatech
      @puszkatech 3 роки тому

      Łukasz Haręźlak hehe

  • @kayal.s9393
    @kayal.s9393 3 роки тому +22

    I still feel like having a computer science degree is still seen as ideal to break into qua t trading, as a CS degree is often on the list of the educational background needed on the quant trader job postings.

    • @CodingJesus
      @CodingJesus  3 роки тому +16

      I understand what you're saying, but you're merging misconception 1 with misconception 5. Furthermore, you are not understanding that a job requirement is a wishlist, not a strict set of requirements.
      Misconception 1 states that need a STEM degree, which is proven to be false by the quantity of candidates that don't come from traditional backgrounds that have broken into QT. Even QT-adjacent industries like Hedge Funds hire unconventional candidates, like journalists (who hold degrees in journalism, not STEM).
      Misconception 5 focusses on the perception that you cannot make it into QT after having already spent time in an unrelated position. I picked an example that is tangentially related, like QD -> QT, but I've met many people who were structural engineers for 10+ years who went from designing buildings to writing code as a QD.
      At the end of the day, many firms don't care what your degree is or where you went to school, especially post-graduation. I've med QDs with history degrees, and QTs with music degrees. If you are unconvinced, that is fine. You can continue to hold these incorrect beliefs while others who don't land positions in the industry.

    • @keiarash5058
      @keiarash5058 3 роки тому +2

      @@CodingJesus I always thought that to be a QD you need a natural talent for coding and start coding at an early age. But since a mid-career structural engineer has made that transition, perhaps its not as hard as I thought it was. Thanks for sharing!

    • @BlessGodMinistry
      @BlessGodMinistry Рік тому

      All have done evil “For all have sinned, and come short of the glory of God” (Romans 3:23) The penalty for sin is hell (Revelation 21:8). Because of Gods love for us Jesus Christ came down from heaven to take the punishment for our sin on the cross in which he was spat on, beaten, mocked and laughed at.
      Christ died for the sins of the world and The third day God raised him from the dead (Praise God). This was done so that those who believe on Christ will not perish (hell) but have life everlasting (heaven); be justified by Gods grace through redemption in Christ (John 3:16) (Romans 3:24).
      The blood Jesus shed on the cross washes away our sin if we Believe in The Son of God and his finished work (ordained by God) on the cross. When this happens the believer receives the righteousness of Christ in place of their own unrighteousness (all sins are forgiven) and this makes them saved (going heaven) and they are born again as a Christian. (Romans 3:25-26)

  • @leonmozambique533
    @leonmozambique533 2 роки тому +6

    Can you make a video on how machine learning is used in the quant industry?

  • @BryWMac
    @BryWMac Рік тому

    I would love a video on Quant research

  • @simonhuber6859
    @simonhuber6859 10 місяців тому

    Thanks so much for that wonderful Video! I have a question, please, if you allow. When backtesting the algo, would you rather test each month individually or focus on the bigger picture, like 2023, 2022 or even a biyearly period?
    I just wonder whether the individual month or year is better for improving the results or does it depend on the personal goals for the algo?

  • @xxxs8309
    @xxxs8309 2 роки тому

    We need more videos from you

  • @krunal7558
    @krunal7558 3 роки тому +2

    Posted before 43mins? Not busy with RegSCI test this weekend lol...

  • @2noob1kill
    @2noob1kill 3 роки тому +5

    so I decided to quit my pre med path and want to be a quant after college, I've learned to trade futures and code a trading algorithm in C#, what should be my next step if I want to be hired at a quant firm?

  • @keirangrant1607
    @keirangrant1607 2 роки тому +4

    I'm self taught, and I've noticed that when trading options, on the lower avg volume stocks, by the time I go to execute my trade, the profit is gone. And setting my sell-point is like a 50/50 prospect. It's gotten to the point that I want to learn how to make my own code....cant beat a "bot"

  • @Shaunmcdonogh-shaunsurfing
    @Shaunmcdonogh-shaunsurfing Рік тому +1

    Very motivating. Are quants using RUST at all as a programming language atm?

  • @PassportStyle2020
    @PassportStyle2020 3 роки тому

    Interesting. Helpful. Thank you.

  • @dsadsadsadsadsa177
    @dsadsadsadsadsa177 3 роки тому +2

    Great video as always! When will episode 5 of your coding trading platform tutorial come out?

  • @fuhat1040
    @fuhat1040 2 роки тому +1

    Got a new discord link

  • @briannguyen1134
    @briannguyen1134 2 роки тому +1

    What’s the work life balance like for a quant dev ?

  • @VegasGrind
    @VegasGrind 2 роки тому

    Dude where did ya go??? Just found your channel and you’re gone…

  • @vladimirsaraikin6888
    @vladimirsaraikin6888 3 роки тому +2

    Hey Coding Jesus! Thank you for the content. What will be the advice for the person living in eastern Europe and working as a quant who desires to work in UK/USA? How to pass the CV screening in UK/USA firm without having a local UK/USA degree?

    • @0x404-w5w
      @0x404-w5w 2 роки тому

      Find a company in your country with an office in the U.S/U.K and transfer there. It will be hard for you to get an offer because of visa issues. At least for the U.S.

  • @shahaananjum4289
    @shahaananjum4289 3 роки тому +1

    why is the video 20fps?

  • @ROCCYK
    @ROCCYK 3 роки тому +2

    im on the varsity e sport csgo team in my college should I put that on my resume?

  • @NGh_teh
    @NGh_teh 2 роки тому

    Hey if I am right, quant developers don't need to have a vast knowledge of finance areas and create algorithms. That's the job of Algorithmic traders. Am I right? I just wanna make sure I am applying for the correct roles.

  • @id5214
    @id5214 Рік тому

    Are you still active? I'm interested in booking a consultation.

  • @CodingJesus
    @CodingJesus  3 роки тому +5

    Which misconception resonated the most with you?

    • @DevManus23
      @DevManus23 3 роки тому +1

      Any roadmap for becoming a quant researcher ?

    • @EladioRochaV
      @EladioRochaV 3 роки тому

      I will be rich

    • @danielwit5708
      @danielwit5708 3 роки тому

      @Wasim Akram statistics

    • @danielwit5708
      @danielwit5708 3 роки тому

      @Wasim Akram yup

    • @BlessGodMinistry
      @BlessGodMinistry Рік тому

      All have done evil “For all have sinned, and come short of the glory of God” (Romans 3:23) The penalty for sin is hell (Revelation 21:8). Because of Gods love for us Jesus Christ came down from heaven to take the punishment for our sin on the cross in which he was spat on, beaten, mocked and laughed at.
      Christ died for the sins of the world and The third day God raised him from the dead (Praise God). This was done so that those who believe on Christ will not perish (hell) but have life everlasting (heaven); be justified by Gods grace through redemption in Christ (John 3:16) (Romans 3:24).
      The blood Jesus shed on the cross washes away our sin if we Believe in The Son of God and his finished work (ordained by God) on the cross. When this happens the believer receives the righteousness of Christ in place of their own unrighteousness (all sins are forgiven) and this makes them saved (going heaven) and they are born again as a Christian. (Romans 3:25-26)

  • @BlessGodMinistry
    @BlessGodMinistry Рік тому +2

    All have done evil “For all have sinned, and come short of the glory of God” (Romans 3:23) The penalty for sin is hell (Revelation 21:8). Because of Gods love for us Jesus Christ came down from heaven to take the punishment for our sin on the cross in which he was spat on, beaten, mocked and laughed at.
    Christ died for the sins of the world and The third day God raised him from the dead (Praise God). This was done so that those who believe on Christ will not perish (hell) but have life everlasting (heaven); be justified by Gods grace through redemption in Christ (John 3:16) (Romans 3:24).
    The blood Jesus shed on the cross washes away our sin if we Believe in The Son of God and his finished work (ordained by God) on the cross. When this happens the believer receives the righteousness of Christ in place of their own unrighteousness (all sins are forgiven) and this makes them saved (going heaven) and they are born again as a Christian. (Romans 3:25-26)

  • @vratha9740
    @vratha9740 Рік тому

    Is it realistic for a computer science major to get a job as a quant trader(I am a first year undergraduate studying CS).

  • @_jmeg_3436
    @_jmeg_3436 2 роки тому

    What's the career trajectory for QD? For QT?

  • @EvilStalkerBE
    @EvilStalkerBE 3 роки тому

    I think you should come out open and say what type of companies you are talking about. For example, Optiver, Imc, Flow traders. What you are talking about would be almost misleading when it comes to some other places that also have roles named Quant Trader...

  • @dangbiga2231
    @dangbiga2231 3 роки тому

    How to break in as a quant researcher??? plsss

  • @franzmustermann760
    @franzmustermann760 3 роки тому

    Hey codingjesus, do you offer any python quant related udemy course?

  • @cristianomariano6363
    @cristianomariano6363 2 роки тому

    Hi there! Could I become a quant trader? Just for me, not to a firm..... Do you think its possible? Could you tell me where i start? thank you very much

  • @yurifontoura2444
    @yurifontoura2444 2 роки тому

    Taking advantage... does anyone know which segment is better for quantitative development, AI or data science? I made researches on internet without success. Thanks in advance!

  • @stefanbelkowski6153
    @stefanbelkowski6153 3 роки тому

    What firm do you code for? Important question as this can help provide some context to your answers ;-)

  • @IrsergioI
    @IrsergioI Рік тому

    So what happened to coding Jesus?

  • @creamzen4107
    @creamzen4107 3 роки тому +1

    Hey CJ, I'm an agricultural engineering graduate and I no longer have any interest or passion in that field. I'm very interested in becoming a quantitative developer, is it possible. I know c++ and python self thought

  • @Jay-xb5du
    @Jay-xb5du 3 роки тому +1

    Would a highly quantitative economics and statistics degree followed by an mfe be adequate enough?

  • @emiliorugerio
    @emiliorugerio 3 роки тому

    Posted only after 3301 years?!

    • @BlessGodMinistry
      @BlessGodMinistry Рік тому

      All have done evil “For all have sinned, and come short of the glory of God” (Romans 3:23) The penalty for sin is hell (Revelation 21:8). Because of Gods love for us Jesus Christ came down from heaven to take the punishment for our sin on the cross in which he was spat on, beaten, mocked and laughed at.
      Christ died for the sins of the world and The third day God raised him from the dead (Praise God). This was done so that those who believe on Christ will not perish (hell) but have life everlasting (heaven); be justified by Gods grace through redemption in Christ (John 3:16) (Romans 3:24).
      The blood Jesus shed on the cross washes away our sin if we Believe in The Son of God and his finished work (ordained by God) on the cross. When this happens the believer receives the righteousness of Christ in place of their own unrighteousness (all sins are forgiven) and this makes them saved (going heaven) and they are born again as a Christian. (Romans 3:25-26)

  • @jeffreycuadros1685
    @jeffreycuadros1685 3 роки тому +1

    Dota 2 Player :D

  • @yourdadisbad1679
    @yourdadisbad1679 3 роки тому +1

    do you know how high does one's iq have to be to pass the iq-based tests these firms give out?

  • @druntopronto7598
    @druntopronto7598 2 роки тому

    JUDAS

    • @BlessGodMinistry
      @BlessGodMinistry Рік тому

      All have done evil “For all have sinned, and come short of the glory of God” (Romans 3:23) The penalty for sin is hell (Revelation 21:8). Because of Gods love for us Jesus Christ came down from heaven to take the punishment for our sin on the cross in which he was spat on, beaten, mocked and laughed at.
      Christ died for the sins of the world and The third day God raised him from the dead (Praise God). This was done so that those who believe on Christ will not perish (hell) but have life everlasting (heaven); be justified by Gods grace through redemption in Christ (John 3:16) (Romans 3:24).
      The blood Jesus shed on the cross washes away our sin if we Believe in The Son of God and his finished work (ordained by God) on the cross. When this happens the believer receives the righteousness of Christ in place of their own unrighteousness (all sins are forgiven) and this makes them saved (going heaven) and they are born again as a Christian. (Romans 3:25-26)

  • @yannishaegeman4345
    @yannishaegeman4345 3 роки тому +1

    You’re so different on Instagram 😂

    • @CodingJesus
      @CodingJesus  3 роки тому +1

      Instagram is my channel’s comedy arm.

  • @emiliorugerio
    @emiliorugerio 3 роки тому

    I’m a trader.