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How to get into quantitative finance? Recommended books?

Anonymous Fri 07 Feb 06:32:40 2020 No.11366147 View Reply Original Report

Quoted By: >>11366162 >>11366218 >>11366223 >>11366243 >>11366264 >>11366450 >>11366708

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?

Anonymous

Anonymous Fri 07 Feb 2020 06:38:14 No.11366162 Report

Quoted By: >>11366177

>>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.

Anonymous

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Anonymous Fri 07 Feb 2020 06:51:56 No.11366177 Report

Quoted By:

>>11366162
>CORONAVIRUS!!

Anonymous

Anonymous Fri 07 Feb 2020 07:53:57 No.11366218 Report

Quoted By: >>11366222

>>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.

Anonymous

Anonymous Fri 07 Feb 2020 07:56:49 No.11366222 Report

Quoted By: >>11366479

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

Anonymous

Anonymous Fri 07 Feb 2020 07:57:18 No.11366223 Report

Quoted By: >>11366233 >>11366479

>>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.

Anonymous

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Anonymous Fri 07 Feb 2020 08:14:42 No.11366233 Report

Quoted By: >>11366466

>>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?

Anonymous

Anonymous Fri 07 Feb 2020 08:30:25 No.11366243 Report

Quoted By:

>>11366147
>economics
Not science or math

Anonymous

Anonymous Fri 07 Feb 2020 08:49:53 No.11366264 Report

Quoted By:

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

Anonymous

Anonymous Fri 07 Feb 2020 12:18:00 No.11366450 Report

Quoted By: >>11366468

>>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.

Anonymous

Anonymous Fri 07 Feb 2020 12:39:08 No.11366466 Report

Quoted By: >>11366479

>>11366233
quantitative!=quantum

Anonymous

Anonymous Fri 07 Feb 2020 12:40:10 No.11366468 Report

Quoted By: >>11366493

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

Anonymous

Anonymous Fri 07 Feb 2020 12:51:06 No.11366479 Report

Quoted By:

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

Anonymous

Anonymous Fri 07 Feb 2020 13:02:35 No.11366493 Report

Quoted By:

>>11366468

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

Anonymous

Anonymous Fri 07 Feb 2020 15:26:53 No.11366708 Report

Quoted By: >>11366755

>>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

Anonymous

Anonymous Fri 07 Feb 2020 16:15:31 No.11366755 Report

Quoted By:

>>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?

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