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/sci/ - Science & Math

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11366147 No.11366147 [Reply] [Original]

Is a PhD really necessary? I'm a CS major self-studying some pure maths. What are the topics that I need to study to get my foot into quant finance? Any recommended books?

>> No.11366162

>>11366147
I like how people are saying we should be aware but not alert of the epidemic, but at the same time jokes, which actively spread awareness, are insensitive and degrade perception of the danger.

>> No.11366177
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11366177

>>11366162
>CORONAVIRUS!!

>> No.11366218

>>11366147
I'm trying to develop a concept called quantum finance to explain neverending spending (for example the federal reserve). It assumes an infinite amount of funds exist while at the same time none of those funds are available in the present.

>> No.11366222

>>11366218
What does that have to do with "quantum"?

>> No.11366223

>>11366147
So instead of seeing money in a 2-D way, it factors in time, thus funds are not a phyisical/tangible even if we can hold dollars. The value of that dollar is a wave that exist before and after the physical currency is made.

>> No.11366233
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11366233

>>11366223
So basically it has literally no relation with quantum mechanics or the concepts within it, and you just put the word quantum in front of finance because you barely understand either concept?

>> No.11366243

>>11366147
>economics
Not science or math

>> No.11366264

>>11366147
>I'm a CS major
I am so sorry

>> No.11366450

>>11366147

PhD not strictly necessary but well-looked upon. At least have a bachelor/MS.

Learn to program well (python/c++ for prop firms and market making firms, java for investment banks).

Mathematically and CS-wise you will want a solid grasp of statistics, stochastic calculus, linear algebra, optimization, machine learning and signal processing.

>> No.11366466

>>11366233
quantitative!=quantum

>> No.11366468

>>11366450
What the fuck is a stochastic calculus? Any books for that?

>> No.11366479

>>11366466
It should be obvious that >>11366223 was in response to >>11366222 and not OP

>> No.11366493

>>11366468

https://www.quantstart.com/articles/Introduction-to-Stochastic-Calculus/

>> No.11366708

>>11366147

My school has a quantitative finance Bachelor's and most of them are very well paid.

They aren't "quants" though, they usually work in finance jobs for banks or software jobs for banks. Having a strong math background helps with both

>> No.11366755

>>11366708
I can handle the math prerequisites. The problem is, I am in a third world country, I am clueless on how to get some comfy Quant job from somewhere like Canada. Do you think getting a master's from Waterloo would help?