It’s a Great Time to Be a Quant

Clearly it’s a great time to be a quant on Wall Street. Just read the headlines and LinkedIn job postings for evidence of the fact that large hedge funds, emerging managers and others are hoping to hire quant traders and researchers in an effort to boost lackluster returns. Salaries prove the point as well. A recent study by Options Group reports that entry-level mathematicians and programmers earn up to $150,000 annually and that figure increases to $200,000 after five years. Financial advisors traditionally have relied on their analytical expertise, but many of today’s top firms are now using algorithms, artificial intelligence and computer models to control investment decisions. Predictive analytics has come to the forefront by using statistics, data analysis and models to determine patterns and forecast future performance. These…


Link to Full Article: It’s a Great Time to Be a Quant

Pin It on Pinterest

Share This