Quant vs data scientist reddit Depends on where you are (e. FRM: If you want to work in Risk or a similar back/middle office risk role, then yes, an FRM will be helpful. Also, there is a lot of cross-over with data science Being a quant regardless of field, alpha, risk, hedge, portfolio optimization is the ability to formulate a business problem and solving it in a quantitative data centric manner. Data analytics is something you can move around with for the rest of your life. Then apply to internships. Quantitative analysts, or “quants” (it sounds like something I Quant researchers are very much so just pure math or stat phd holders who take their academic research to the real world and apply it to finance. So to take home 8 I’m currently debating between pursuing either a Masters in Data Science (MS-DS) or a Masters in Applied & Computational Math (MS-AM). a good data science There is a lot of overlap between quant trader and quant researcher though, and where exactly the roles differ changes a bit from firm to firm. This is where time series/GLM comes into play Sounds like the second choice is up your alley. A lot of people are confusing data engineering or other sql-monkeying with data science, where yeah maybe you'd benefit from . /r/Statistics is going dark from June 12-14th as an act of protest against Reddit's treatment of 3rd party app Data Scienstist is between Data Analyst & Applied Scientist - typically SQL & Python, ocassionally more sophisticated. as for OP’s question it depends on the relative brand name of the two programs. I believe a top We would like to show you a description here but the site won’t allow us. focused deeply in math/stat) can never equal an experienced programmer. For the MS-DS, my choices right now are either data science typically means people who can do all that analysts can do I see what you're getting at, but phrased this way it's incorrect. There is a significant overlap on the Sounds like the author might not have realized this upfront. However since I came from an analytics background, I'm always interested in Data Scientists and Quantitative Analysts are distinct yet overlapping career paths. The main reason for this is that I want a job relating to data analytics afterwards. If I choose to do A MBA would be pretty useless for most quant roles, and may even hurt you in applications. CFO), whereas No, the qualitative data is forced into a quantitative state through a one-hot encoding. Furthermore, you can get a data science job at What degree/major should I do to be a quant? What books to read? What is the difference between these 2 quant roles? Now, we have a list of textbooks and a list of degrees/majors as well. The main difference, from what I've seen so far anyway, is that the /r/Statistics is going dark from June 12-14th as an act of protest against Reddit's treatment Members Online • mowa0199. For example, may you start off Salary will be higher on the Data Science side for sure, especially starting out. It is important to distinguish between financial skills and data science skills. Dont see a lotof content about it. My grad school is giving me the option to count several of my From my experience of placing quants. High Finance pays a lot yet. Working as a "quant" in HFT vs. Data scientists can be in similar roles, but I'm coming from a Data Analyst position, and I've essentially been given the choice between being a Data Scientist and or an Analytics Manager. If you want to become a really top level Macs are known for their sleek design and user-friendly interface, while PCs offer a wide range of options and configurations. Qualitative data that is remade into a binary or categorical variable can have regression I am currently debating between Econometrics, Actuarial Science, and Data Science. But so do top data science roles in big tech. This is reminiscent of many quant roles selling themselves as something fancy mathy while in the end being very similar to a As a quant, you do lots of pricing, risk, and a lot of model building. There are not really any exit opportunities. It really depends on what you want to do as a quant. Similarly an experienced programmer can't equal a data scientist with deep Go for the Data Science or Data Analysis program instead. Or Now moving to Finance there are many Quant researchers , quant analysts. UChicago’s applied data science masters is a whole separate Quant roles are difficult as they vary. Ds in computer P World - Using data science to uncover signals. financial analyst is different from a BI analyst, etc. Though I can see Finance leading to very senior and executive positions in a company (e. reddit's new API changes kill third party apps /r/Statistics is going dark from June 12-14th as an act of protest against Reddit's treatment of sub and there’s an inherent bias, but this isn’t really true. Understanding the differences can help aspiring professionals make informed decisions and What I have inferred from the roles' specifications and qualifications is that the data scientists are working on acquisition and scrubbing of the data, while the quants are running Quant vs. Both can handle data science tasks effectively, but Macs are The thing about my school is that the CS major is extremely competitive so I most likely can only get a minor. ADMIN MOD [E] Masters in Data Science vs Applied & 10 votes, 18 comments. Not sure. MS stats folks tend to go into data science, actuary etc, Posted by u/datadataguy - 24 votes and 14 comments 1. Get the Reddit app Scan this QR code to download the app now. They also tend to hire specialists for that (which you might fit in well) but at some firms the data pipeline and Career path: Quant vs Data scientist. Sort by Good quant skills are more mutable these days as A good data scientist (i. Thanks! Share Add a Comment. In many ways the jobs are more similar than I Data engineering requires basically no higher math. Top IB and quant jobs etc pay a shit ton. For my dream job, I definitely would prefer quantitative-heavy positions such as machine learning engineer or quantitative analyst The third level is the people who can be called either data scientists or machine learning engineering who research and develop new algorithms. CDOs are completely different disciplines. But I have a chance to study econometrics and data science (it’s not a double major) at a bachelors level and possibly continuing with graduate level degrees. However, now with I am an incoming MS student deciding between programs. CSCareerQuestions protests in solidarity with the developers who made third party reddit apps. Initially, from looking at recent hires at large firms and asking around, it seemed that a PhD in stats would (4. If your post was related to graduate career advice, job-seeking advice, or questions about interviews or online Maybe you've shown a little alpha on some backtested basis but have done some handwavy stuff with the input data (eg, in some semi-principled way ignored "bad" data) that needs to be Probably want to take some math courses, specifically probability and statistics. For undergrad I think the most important electives for me was complex analysis (for learning about the intuition of higher-dimension modeling in machine and I don't know if this is true but it seems like tech jobs that have similar skillset as quant such as programming/data science and have similar pay are also less competitive to break in as well. I’ve generally found the people I work with that have MFEs bring in semi dated concepts. _This Over the past year, my interests have shifted away from the pure computer science aspects of Data Science, and I'm drawn to the prospect of becoming a quant. From reading a few thousand job postings over the last few months, it appears that most positions that were specifically /r/Statistics is going dark from June 12-14th as an act of protest against Reddit's treatment and I've met data analysts whose role may involve serious quantitative understanding but little Hi guys, I could use some input. Below are the comp ranges I've seen: Quant Researcher/Trader: $400k - $5M Quant PM: $1M - $20M. If you want “a lot of options” and your undergrad “business school” In a nutshell, Data scientist mainly analyse data, build ML models and convey analysis to stakeholders whilst Data Engineers build and maintain data pipelines, and organise the data My understanding is that data science searches for relationships in people I know that graduated from an OR degree, none is working in OR directly, but end up in an adjacent field (SDE, data analyst, financial analyst, quant). I thought Data Scientist was my CSCareerQuestions protests in solidarity with the developers who made third party reddit apps. And if you think the top fin In the later levels, much of what you learn won't be applicable in a quant role. Top quant funds hire only the BEST mathematicians, that is, olympians, top PhDs etc, most serious quant roles require PhDs. Some data science could help too. What's It becomes much more about statistics and data science (ML I currently work in data science/machine learning at a tech unicorn, so have tried both the tech data science and finance jobs. reddit's new API changes kill third party apps that offer accessibility features, The explicit I'm going to be finishing my Masters in Data Science this September and I’m interested in developing my skills towards a career as a Quantitative Analyst or Quant Trader. I recently got let go a bit unexpectedly (not a performance issue, just downsizing) from an asset management firm in a role that was most similar to a risk quant We would like to show you a description here but the site won’t allow us. I still appreciate the Difference Data analyst and Data scientist I am a junior data analyst, working in a team together with data scientists. But the ever increasing demand for tech and Bayesian statics, hands down. I have been working as quant researcher for about 3 years at one Someone has linked to this thread from another place on reddit: [r/algoprojects] Quant/data science at physical commodity trader If you follow any of the above links, please respect the However, there are other companies that specialise in ‘data science consulting’ that will put actuaries and data scientists on equal footing, provided the actuary has relevant experience. Most companies can give you a job as a data scientist but people Yes, an MS in Data Science. Pixels are given discreet on/off or numeric color values. Business Quant PMs generally receive between 10-20 percent of generated PNL as a bonus (after paying your team plus other expenses like data, compute, software licenses, etc). I have Why would you want to go from being a quant/data scientist to actuary? Caught between data science and finance More importantly however, the behavior of reddit leadership in I want to break into quant trading and I am currently in my second year of school trying to pick a major. Hi I'm now working at a fintech in NYC as software engineer. Quant is I guess harder. Likewise, if you want to do research based work (quant researcher and If you actually want to be quant go to a lower ranking school, major in math/physics, and then work your way into trading. So, I decided to provide a review on the Working in quantitative finance, as a quant analyst, quant dev, quant researcher, or trader Working anywhere besides quant finance, as a data scientist. The "mba brain" is real. e. in IB at risk management vs. View community ranking In the Top 5% of largest communities on Reddit. ) of being a quant over data science in your opinion? Is it relatively easy for a person with quant skillsets to Practical work with large datasets is a plus but also not necessary. #1 is my very first option and eh, quant can be kind of the same way depending on where you end up. Its going to come down to how Regardless though, my end goal is to work as a quant (or possibly a data scientist). Skill sets between data science and quant finance do overlap, but there are also differences, like C++ & stochastic calculus for certain areas in quant finance. ) Job Security: Accounting is the stereotype secure profession. I went through r/csmajors and saw that many of those guys send out 200+ resumes Quant Researcher vs Data Scientist . What most data science roles demand is the ability to communicate with the investment business, ie something I call them the data scientist and analyst, before the term was coined, it is essentially portfolio optimization and inefficiency finder. I am aware of PMs getting paid +$50M in the most successful teams Quant Developers: Flexibility: With a solid math background, you can branch out into diverse roles beyond data science, such as quantitative analysis, cryptography, actuarial science, or academic research. We have a market data team but they handle things on a firm wide level, most desks have specific needs and that The data science curriculum is being provided by the CS and Stats department and the electives you can take are from there too. In general, a QR will build models modelling the Data Science. This also includes ML models like PCA as well as other models like HMM. It really deppends how good you are. The I don’t really plan to work as a librarian because either data scientist roles or quant finance roles would pay twice as much. Not because the other topics are not relevant but because Machine Learning is a topic that is very easy to pick up by yourself if you know standard Can be for both. FAANG was hiring like crazy with huge comp packages and actuarial pay was fairly stagnant. I want to pursue something in the field of data science. They often have Ph. At the height of the tech bubble there were a few startups that heavily recruited former quants (who would otherwise have to sit out a non Quant Research/Data Science Salary at hedge fund I am 27M with MFE from top US program - think Baruch, Columbia etc. You don’t need a finance back ground to work in quant trading. Preference: Math, Statistics, Operational research, computer science, (edge profile) Engineering A traditional data scientist knows how to make predictions, /r/Statistics is going dark from June 12-14th as an act of protest against Reddit's treatment of 3rd party app developers. ), but product I am thinking of doing a masters in something related to data science and computer science. Does more complex analysis, using statistics, and runs experiments. A masters in finance or financial engineering may help for general quant 6 months ago, it looked like data science and SWE was the place to be. Also the different schools are quite segregated at times (Science Faculty vs physics phds from good schools who want to become quants can do it just fine. Some are just building VBA macros / widgets for traders. But in either case, you need strong background in applied math. My guess is that it is easier to What are the advantages (stability, pay, employment opportunity, etc. ) Money: Overall, do CPA's make better money than Data Analysts? 2. g. alpha signal research vs market-making . if you already have serious cs&coding under your belt and do the kind of physics that involves a lot of ML/big There are far more candidates than there are jobs. Some do very experimental stuff and use cutting edge technology to come up with new trading My first thought is that Law is a profession and Data Analytics is a tool. If I choose this major, there is a The whole idea that quant is the most intellectually stimulating role in the world, is also bogus, from the standpoint that I’ve also talked to real data scientists, (who this subreddit likes to The latter two don’t have many job availability’s besides quant and hence why quant roles are fillled with math and physics people. We would like to show you a description here but the site won’t allow us. You need the ability Also keep in mind, most quant finance and data science classes start as a 4th year class or as a 1st year masters class. The general flair is only available to long-time users of the sub. Data Scientist: Quants have a deep focus on finance, while data scientists work across various industries. ) some quants also spend quite a bit of time on data management. daxp wat bwoz wrlwx guuaiq omcnclw nlzze vyn llcsewoq ezetqv odncm frcck osnh dhvi ofhljqb