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/biz/ - Business & Finance

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19137945 No.19137945 [Reply] [Original]

Without a STEM degree?

>> No.19137961

>>19137945
Get a job as a janitor. Murder a trader. Take over his life

>> No.19137982

>>19137961
That's pretty gay

>> No.19138280

>>19137945
Attend ivy league, join some finance club, crush OCI.

>> No.19138789

>>19137945
The only option you really have is to go to a grad school and get a M.S. in quant finance, statistics, or math. Even non-STEM finance/econ degrees from Ivy's don't cut it these days if you want to do trading at a top shop.

>> No.19138841

>>19138280
What the hell is OCI?

t. Ivy Leaguer

>> No.19138859

>>19138789
AI will repace all of those high salary nerds. The virus will accelerate trading desk layoffs

>> No.19138885
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19138885

>>19138859
.

>> No.19138913

>>19138859
lmao. My firm has made more money Q1 2020 than throughout all of 2019 combined. We're actually hiring aggressively right now because we're limited by our lack of human brains rather than lack of money. The virus has been the best thing to happen to trading firms since the financial collapse in '08.

>> No.19138953

>>19138841
Overseas Citizens of India. They are the main competition.

>> No.19138990

>>19138953
W-Why do I want to do this? Can I make money from scamming Pajeets?

>>19138913

Hire me

>> No.19138994

>>19138913
So what do I do? I trade on my own, know TA, understand risk/reward, know my basic algos and data structures, know how to write programs, etc.

I’m not quantitatively inclined but I can definitely do discretionary. Is discretionary a meme?

>> No.19139094

>>19138994
What do you do? LDAR, and invest in index funds. Discretionary trading is a hilarious meme, and a lie by instagram-traders who try to sell their scam TA trading programs (if you look closely, their income comes from real estate, not trading). Everything we do is based on complex models that retail traders have no chance of competing with. When you make a trade, there is a smarter person or algorithm (written by teams of the smartest people on earth) on the other side of that trade betting you're wrong. Look up adverse selection.

>>19138990
no

>>19138953
Not at all true. No one wants to hire nerd Indians who have no social skills. Trading desks are highly social, everyone has to like everyone else and work well together for the desk to make money. That doesn't work when some guy is fresh off the boat from Hyderabad and can barely speak English.

>> No.19139115

>>19138913
Also trading is the future. Your kind is headin*fir extinction, just like drones making fighter pilots obsolete

>> No.19139187

>>19139094
I don’t get it. How the fuck are there managers that don’t know how to use a computer? Do they even do the work?

>> No.19139232

>>19139187
Managers don't trade, traders do. I'm not sure what you're talking about. Everyone who makes a lot of money in quant finance does so because of some sort of value they provide. Maybe they're uniquely brilliant at assembling the best teams of traders and smooth talking Saudi oil barons to give them money for the fund, so they don't need to stare at a screen all day

>>19139115
Seems like you had a stroke typing that, but I'll enjoy making $300k+/yr (closer to 600k this year because of the 'rona) and retiring at 35 to pursue my hobbies full time while you enjoy grinding out a 9-5 until social security kicks in

>> No.19139263

>>19139232
Yeah that’s what I’m asking. What should I do? I’m graduating with an arts degree, I can go back and do financial math undergrad or take an MFin. If I did another undergrad it would take 4 years, MFin of course is a year or two.

>> No.19139275

>>19137961
Sounds like the plot to Gattaca

>> No.19139365

>>19139263
What do you want to do? Do you want to be a trader? Then get a Mfin from a T7 MBA program.

>> No.19139415

>>19137945
show them your shitcoin trades

>> No.19139439

>>19139365
I would prefer to do research at a desk or something similar. I don’t want to be on the sell side at all

>> No.19139454

>>19139094
>meme
tell that to a six figure trader only moving round lots on spy
>we
got it youre back office
>>19139232
>ill enjoy
you enjoy larping on this board

>> No.19139493

>>19139454
You got me, I'm actually a wealth advisor for Northwestern Mutual

>>19139439
PhDs in something hard science are best and usually required for research

>> No.19139572

>>19139493
That’s super fucking gay. At least I go to the best school in a finance city (Toronto). Guess I’ll finish this up and take a second degree in financial math and econ and go from there. If firms hire PhD’s I’m sure they’ll hire me at the age I’ll finish. MA is only a year too. Would be done before 30.
Got fucked in life so I’m only now picking up the pieces
End goal is macro. You think we’re entering a new golden phase for global macro?

>> No.19139687

>>19139572
MFin isn't a bad idea. I'm sure you can get a good enough job with one of those, but not at a research arm of any of the high performing hedge funds.

>You think we’re entering a new golden phase for global macro?
No idea, don't know jack about global macro

>> No.19140235

>>19139493
>northwestern mutual

HAHAHAHA

>> No.19140975

>>19139687
Okay, thanks anon.
I want deep macro knowledge and I think that involves being able to see alternatives to current macroecnomic models. So I'll need a lot of probability, analysis, and econ to be able to build up my own ideas. This is gonna take a fucking while but it'll be worth it...
Anyone you know get hired later in life? like non-22 year olds? Is there age discrimination? Or does it matter more that you haven't worked anywhere else?
My resume is completely empty

>> No.19140992

>>19137945
is that the G&S jew?

>> No.19141095

>>19140992
yes
paul tudor jones actually called out his jewishness in an interview lmao check this:
https://youtu.be/rOVrIlgOwIU?t=1165
19:25

>> No.19141101

>>19139687
you sound like a such a faggot

>> No.19141129

>>19141101
can you take a shot at my questions? happy to hear all viewpoints. I don't wanna be a NEET FUCK

>> No.19141944

>>19137945
Regardless of what anyone has said, the correct answer is have a verified track record. That's it. Most good funds and shops will hire you if you have a good track record and you fit their culture.