In theory, you don’t. If you can demonstrate superior analytical and software abilities, exceptional insights into the financial markets, successful live trading track record, or all of the above, you will be snapped up by quant firms in no time.
Do the PhD if it interests you and you think you’ll be happy. Don’t do a PhD just for the job opportunities as the opportunity cost of a PhD might never catch up to simply taking the masters (although it just might if you take into account intangibles). From my experience, my PhD was some of the happiest years of my life. Learned a ton.
Though submitting GMAT scores for PhD programs is relatively rare, it does happen. Because using a GMAT score in PhD admissions is uncommon, students often have important questions about the process. Read on to learn more about using GMAT scores for PhD programs, and what kind of score you’ll need.CFA, MBA, CAIA, PhD or Masters: What do hedge funds want? by Paul Clarke 27 October 2017 Hedge funds used to focus purely on the all-important 'track record' of any potential new employee.Do you need a PhD to be a quant in banking? Entry level pay for finance quants with a Bachelor's, a Masters and a PhD.
A quant trader’s job and associated perks appear very lucrative, but the ones qualifying for this highly competitive field need multifaceted skills, knowledge and temperament.Read More
ON BECOMING A QUANT 3 Generally, a PhD (or almost a PhD) is a necessity to get a quant job. I would advise against starting before it’s awarded as it tends to be hard to get it done whilst doing a busy job. The main challenge for a pure mathematician is to be able to get one’s hands dirty and learning to be more focussed on getting numeric.Read More
So since the economic argument is a failure, when I wrote my PhD applications, I put in all the other reasons I had to do it, such as: I felt I'm in a dead-end job where my skills aren't appreciated. A much less-trained person can do what I'm doing, and while I believe I do a better job, I do so in ways that management does not track.Read More
I agree you don’t need a PhD to do research, but getting one teaches you the skills that should know to be a good researcher. I think it’s a good idea for your career, but I’m biased ;-). One way to get started is to be an assistant to a researcher and work for free.Read More
An economics PhD is one of the most attractive graduate programs: if you get through, you have a high chance of landing a good research job in academia or policy - promising areas for social impact - and you have back-up options in the corporate sector since the skills you learn are in-demand (unlike many PhD programs). You should especially consider an economics PhD if you want to go into.Read More
Do I really need to prepare for a quant finance interview? Yes! Landing a quant job is challenging as you are competing against a talented group of people wanting a lucrative and intellectually stimulating career. Preparing for your interviews is an absolute must and we can help you do it.Read More
Hi everybody, I’m currently finishing my PhD in Theoretical Particle Physics and I’m looking for a job in finance. A possibility I’m considering is to become a “quant” (I believe somebody already explained what this job is about in another post on this blog).Read More
In those months in between I made an effort to do things that I hoped would help prepare me for getting and then starting a PhD. I was working in a full-time job, but I attended public seminars and lectures to keep one foot in the academic world.Read More
Don't do a PhD unless you think you'll enjoy doing research in the process of getting the PhD. If you have your heart set on a career in research, readjust your expectations and figure out a backup plan so you won't be bitter and unhappy in the overwhelmingly likely event that it doesn't work out that way.Read More
I do not actually agree, but the point is, you have accomplished something, you have an University degree. If you wrote a Ph. D. Thesis, you may have overcome some difficulties. Hell, if it was easy for you, do not comment on it, unless you want to loose credibility (and I bet my dick I know smarter than you).Read More