chronc379

I agree. Board of directors:

- Minimal actual work

- “Lavish” lifestyle: lots of travel and networking

- Fairly influential in the industry

- Can get paid $10-50K/year for attending a few meetings per year, per company board

Quants at prop trading or buy-side HFT (not banks).

There’s a lot of substance in those jobs (denominator), but the status is insanely high (numerator).

Smart. Quants are generally “smart” with diverse software, hardware, and math knowledge.

Scarcity. In the United States, the entire industry might hire 1,000 to 2,000 new grad quants per year.

And most importantly, a realistic path to $1M+ TC by 5 YOE, and $10M+ TC is not uncommon for 15-20 YOE.