Thread by @SAH16928046

I remember starting my career as a junior derivatives dealer.
The first stupid question I asked was why currency dealers use par-curve yield curve rates to compute FX Swap points?
No "#boostrapping"?
The Chief Dealer/ Head of FX Linear and Cross Currency Rates was not pleased.

Actually asking stupid questions early on in our career helps.
Provided you have a tolerable boss who can entertain stupidity.
But, if you ask questions which threaten your reporting line, then you are cooked!
Done.
Find your next job asap.

My CRO - Chief Risk Officer, was a banker who didn't know maths and statistics.
The man was a nightmare proposition for the academically tuned young graduates
Poor chap begged me to not bring my work to him because he could not check it.

I always say that the candidate should also do proper vetting of the firm and the person he/ she will be reporting to at the work desk.
Always ask other market professionals why they moved out of that role!
If it's a new role, ask others about your next boss to avoid career ruin

Especially, these #Quants who enter into the financial services industry with PhDs, coming from STEM backgrounds
Imagine what apertures they go through when working with double-entry double-dealing bankers?

Good luck to all risk managers and quants who are reporting to #MBAs.
Seriously, I mean it.
Have a happy career ;)