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楼主
发表于 2009-12-17 22:39:00 | 只看该作者 回帖奖励 |倒序浏览 |阅读模式
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沙发
发表于 2009-12-17 22:52:33 | 只看该作者
你是说念PhD吗?
板凳
 楼主| 发表于 2009-12-17 23:15:28 | 只看该作者
你是说念PhD吗?
-- by 会员 sjtupeeler (2009/12/17 22:52:33)



不是吖,念master in financial engineering. 那个research不是phD那种research. 大概是equity/fix income那种research吧。。。。。
地板
发表于 2009-12-17 23:30:33 | 只看该作者
This is one of the two most common mistakes Chinese make. Unlike what most people who have not studied in US believe, companies in US DO NOT care about your field of study. Rather, they hire people from different background. If you watched the video Goldman show when they come to do on campus presentation, you would realize Goldman even hired history major students for their investment banking division. Companies in US believe technical skills can be taught MUCH easier  at work than at school. Therefore they usually look for people who have the personalities and skills they want, rather than the people who have the most technical knowledge.  So if you want to do equity research and believe you have the qualities the companies seek, by all means, apply.
5#
 楼主| 发表于 2009-12-17 23:38:47 | 只看该作者
This is one of the two most common mistakes Chinese make. Unlike what most people who have not studied in US believe, companies in US DO NOT care about your field of study. Rather, they hire people from different background. If you watched the video Goldman show when they come to do on campus presentation, you would realize Goldman even hired history major students for their investment banking division. Companies in US believe technical skills can be taught MUCH easier  at work than at school. Therefore they usually look for people who have the personalities and skills they want, rather than the people who have the most technical knowledge.  So if you want to do equity research and believe you have the qualities the companies seek, by all means, apply.
-- by 会员 ibanking (2009/12/17 23:30:33)



ibanking前辈终于出现了~~~

不过b-schools/grad schools会不会觉得我的career goal很奇怪呢?那些master in financial engineering的adcom会不会一般expect这个专业的学生以后做quant的?谢谢吖~

ps.另外一个common mistake是什么吖?
6#
发表于 2009-12-18 00:01:06 | 只看该作者
rt. 比如说sell-side的
知道这问题很弱.........请各位前辈不吝赐教~~~谢了~!
-- by 会员 mhe2 (2009/12/17 22:39:00)

如果你说的是quant research的话,也分不同的种类,有hard quant类的research,也有普通quant research。hard quant一般都招数学物理计算机PHD,普通的quant会招MFE。总的来说MFE教的是应用技能,而不是research技能。
7#
 楼主| 发表于 2009-12-18 00:04:57 | 只看该作者
rt. 比如说sell-side的
知道这问题很弱.........请各位前辈不吝赐教~~~谢了~!
-- by 会员 mhe2 (2009/12/17 22:39:00)

如果你说的是quant research的话,也分不同的种类,有hard quant类的research,也有普通quant research。hard quant一般都招数学物理计算机PHD,普通的quant会招MFE。总的来说MFE教的是应用技能,而不是research技能。
-- by 会员 yikedami (2009/12/18 0:01:06)



普通的quant和hard quant有什么区别吖?

what about equity or fix income research?

请求前辈扫盲吖..........thx~~~~
8#
发表于 2009-12-18 00:51:54 | 只看该作者
rt. 比如说sell-side的
知道这问题很弱.........请各位前辈不吝赐教~~~谢了~!
-- by 会员 mhe2 (2009/12/17 22:39:00)

如果你说的是quant research的话,也分不同的种类,有hard quant类的research,也有普通quant research。hard quant一般都招数学物理计算机PHD,普通的quant会招MFE。总的来说MFE教的是应用技能,而不是research技能。
-- by 会员 yikedami (2009/12/18 0:01:06)



普通的quant和hard quant有什么区别吖?

what about equity or fix income research?

请求前辈扫盲吖..........thx~~~~
-- by 会员 mhe2 (2009/12/18 0:04:57)


hard quant是做数学的modeling的,一般的quant就是strategy, structuring,desk quant,这些只需要理解model,制定策略等,能够应用就行了。

equity research不是quant research。如果是做algo trading或者statistical arbitrage的策略的,一般不叫equity research。

fixed income是非常数学intensive的。
9#
 楼主| 发表于 2009-12-18 01:18:15 | 只看该作者
rt. 比如说sell-side的
知道这问题很弱.........请各位前辈不吝赐教~~~谢了~!
-- by 会员 mhe2 (2009/12/17 22:39:00)

如果你说的是quant research的话,也分不同的种类,有hard quant类的research,也有普通quant research。hard quant一般都招数学物理计算机PHD,普通的quant会招MFE。总的来说MFE教的是应用技能,而不是research技能。
-- by 会员 yikedami (2009/12/18 0:01:06)



普通的quant和hard quant有什么区别吖?

what about equity or fix income research?

请求前辈扫盲吖..........thx~~~~
-- by 会员 mhe2 (2009/12/18 0:04:57)


hard quant是做数学的modeling的,一般的quant就是strategy, structuring,desk quant,这些只需要理解model,制定策略等,能够应用就行了。

equity research不是quant research。如果是做algo trading或者statistical arbitrage的策略的,一般不叫equity research。

fixed income是非常数学intensive的。
-- by 会员 yikedami (2009/12/18 0:51:54)



谢谢前辈~!desk quant的desk是指什么吖?好像经常看到desk xx, desk xxx......  是跟trading floor的position有关么?

其实我就是想问如果读MFE但申请时career goal写equity research会被鄙视么?  改成investment research会不会好一些吖?这个包括了equity和fixed income.... 因为看大摩的网页有这句话:“Morgan Stanley Investment Research is one of the financial industry's dominant thought leaders in equity and fixed-income investing. 。。。。Our teams collaborate to assist Morgan Stanley clients with investment decisions, using cash and derivative instruments across major asset classes and geographies.   ”

或者这样问,在financial engineering这块,如果不想做trading (女生吖),  structuring, asset management, 还可以干啥吖?
10#
发表于 2009-12-18 07:50:03 | 只看该作者
谢谢前辈~!desk quant的desk是指什么吖?好像经常看到desk xx, desk xxx......  是跟trading floor的position有关么?

其实我就是想问如果读MFE但申请时career goal写equity research会被鄙视么?  改成investment research会不会好一些吖?这个包括了equity和fixed income.... 因为看大摩的网页有这句话:“Morgan Stanley Investment Research is one of the financial industry's dominant thought leaders in equity and fixed-income investing. 。。。。Our teams collaborate to assist Morgan Stanley clients with investment decisions, using cash and derivative instruments across major asset classes and geographies.   ”

或者这样问,在financial engineering这块,如果不想做trading (女生吖),  structuring, asset management, 还可以干啥吖?
-- by 会员 mhe2 (2009/12/18 1:18:15)


Desk是指trading desk。Desk quant是在trading desk上给trader打下手,帮他算各种定价、风险、盈亏等。但是主要也是运行软件。很多trader并不很懂数学,他们有的只是感觉。desk quant把量化的信息告诉他们,比如现在我们的Position根据 model算出来的xx风险是多少,然后trader就根据感觉来决定下一步要不要调整以及怎样调整自己的position。

实际上equity derivatives也有很多,但是通常指的equity research都是指fundamental research。MFE是做derivatives research的,和fundamental research完全是两回事。

trading,strategy和structuring是最主要的工作了,除此之外就是risk management和quant developer了。但是通常大家更喜欢前几个工作。
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