Why do young people leave quantitative trading 5 to 7 years in their career, and what's your advice for aspiring quantitative traders?
@CQFInstitute @RiskDotNet @icmacentre @RiskMinds
The burnout (losing interest in the job) and dropout(leaving the job) rates are stupendous.
@CQFInstitute @RiskDotNet @icmacentre @RiskMinds
The burnout (losing interest in the job) and dropout(leaving the job) rates are stupendous.
#Quantitative Specialist Roles as they exist in the Dealing Room in the form of #Treasury, Brokerage, Fund Management, #Investment Management, #Portfolio #Asset Management, #Derivative Market Making, and various other Front -Office #Risk Roles are highly demanding jobs indeed!
Most of the traders are asked to take a mandatory leave of up to two weeks or more at financial institutions, so they can relax a bit by staying away from the financial markets.
I started my career as a junior #derivatives dealer at a large commercial bank.
I within a year switched to the Treasury #Middle #Office because my mental health deteriorated deeply, and I was always sitting unhappy and under tremendous stress in front of #Reuters Data Terminal
I within a year switched to the Treasury #Middle #Office because my mental health deteriorated deeply, and I was always sitting unhappy and under tremendous stress in front of #Reuters Data Terminal
In #Risk Management and Other #Quantitative #Research Role, the pressure could be equally difficult to manage during a market downturn or a complex financial #crisis, but at least you get some breathing space on the normal trading days,
For a Trader/ Dealer / Market Maker there are normally no NORMAL day/s!
Every trading day across financial markets brings a challenge.
The last thing you hear in your ear before leaving the office is the famous and most favourite sentences spoken by your boss.
Some of those which I still remember are as given below =>
The last thing you hear in your ear before leaving the office is the famous and most favourite sentences spoken by your boss.
Some of those which I still remember are as given below =>
•“Square your position”,
•“don't overshoot limits”,
•“cut your position now”,
•“keep yourself in the right tail of the market” ,
•“You dumb Axx, are you hedged?”
•“don't overshoot limits”,
•“cut your position now”,
•“keep yourself in the right tail of the market” ,
•“You dumb Axx, are you hedged?”
Who would tolerate this for more than 7 years on a day in and day out basis?
I won't!
Hence, I changed careers!
I won't!
Hence, I changed careers!
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