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Comment by ChrisLomont

>Most math quants use is at the undergrad level, the finance industry in general is pretty backwards

Do you have any idea what a quant is? I have a PhD in math, and am decently well versed in the math quants use, and it's nothing like undergrad math. Many of the people I got PhD's with became quants, and we've had plenty of discussions on the math they use.

Quants build models using math far beyond what an undergrad learns, including tools such as martingales, stochastic calculus, Black-Scholes (and vast generalizations), Brownian motion, Stochastic differential Equations, numerical methods (usually much more advanced than an undergrad will see), and more.

Quant jobs usually want a PhD in math or related field. If an undergrad math degree covered what they needed they'd not require a PhD for most positions.

What do you think a quant does?

Here's a site [1] for quant jobs. Probably none for someone with only an undergrad math degree.

[1] http://www.quantfinancejobs.com/

parent ChrisLomont 8 years ago

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