Recent submissions

Comment · 13 years ago
But it is obviously Harlem and not what people usually mean by "in Manhattan"
Comment · 13 years ago
If you majored in something quantitative there is just no need to take CS courses in a traditional college format. Online courses are on the same level or better if you can study by yourself and know enough math.
Comment · 13 years ago
No idea about parent's background but in my experience those jobs are almost impossible to get if you are not already "inside". HFT is probably the most competitive part of finance for software engineers and the market is not expanding anymore. Same goes for other kinds of quantitative trading, but they generally pay less and are less competitive nowadays.
Comment · 13 years ago
I really don't get why you consider 30 old or even near that. In my opinion it is a good time to do some self education, maybe change careers because many people don't realize what they really want until 30 or so. "Industry expert" on the other hand sounds plain boring.
Comment · 13 years ago
300k for 40 hours a week in quant finance after 5 years in Boston? You are very lucky indeed. Most people don't make this much after 5 years in New York and usually work much more.
Comment · 13 years ago
Sounds hard :)
Comment · 13 years ago
> It's really not hard to make $300k/yr

Disagree. If you have an easy recipe feel free to share :). You have to be a front office VP to be guaranteed this kind of money. Aleynikov made 400k as a senior VP working on HFT infrastructure at Goldman.

Comment · 13 years ago
Ah, I am sorry then. 200-250k is what I hear mid-level people at Google make.
Comment · 13 years ago
"Practically guaranteed" nowadays means about 70% probability in finance :). There are almost no hard guarantees anymore.
Comment · 13 years ago
But 230k is very different from 400k that lefthander supposedly makes.
Comment · 13 years ago
This comment makes it hard to believe you. Google has not been known to pay half a million dollars to regular people. And no one in their right mind would call that salary low, except maybe a spoiled Wall St banker.
Comment · 13 years ago
400k is not typical at Google at all.
Comment · 13 years ago
Confidence intervals are inherently confusing. I have yet to hear a definition that is both correct and easily understood and remembered.
Comment · 13 years ago
I feel this would be quite confusing for an average programmer. It is more like a cheat sheet for people who have some statistical training but always have to look the formulas up because they don't use them frequently enough. For an average programmer, really understanding how linear regression works and some basic linear algebra would be a good start. A lot of programmers have trouble even with these "simple" topics.

Most of these formulas are very rarely used even by quantitative analysts. The most used are for standard deviation and regression. The more complicated ones are generally used as a part of statistical routines, say, in R. It is very rare that someone has to code them.

> From a statistical point of view, 5 events is > indistinguishable from 7 events. What is this supposed to mean? There is a concept of statistical significance but if an effect is not statistically significant it does not follow that it does not exist. Btw where is the Bayes formula? :)

Comment · 13 years ago
Well, I know several software engineers with kids in NYC. Some live in NJ, some live in Brooklyn, some live in Manhattan. In fact, among married immigrants almost everyone has at least one kid after 30. Often mother does not work or works part time and looks for kids. Almost everyone of the "extreme commuters" has kids.

Tuition and health insurance is about the same everywhere. Housework is not that hard, maids are not that expensive. Absolute cleanliness is not something that kids require, neither is owning a (2-bed, 3-bed, huge) house.

In my opinion, your restrictions are quite arbitrary. So you would not have kids while working as a software engineer, but plenty of people do.

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