Kick-Off Meeting Tuesday, September 29, 2015
Jan 18, 2016
Kick-Off MeetingTuesday, September 29, 2015
OUTLINE
Officer Board Introduction
About the Org
Events Planned Speakers + Career Opportunities
Becoming a Quant
Officer Board
Brian Zhou Co-President
James Kim Co-President
Contact us if interested in leadership position
ABOUT SMF
• Goals: Connect and educate students with quantitative backgrounds who are interested in quantitative financial applications, specifically those interested in either academia or a potential career.
• E-mail list: http://groups.google.com/group/uwsmf/• Copy of Presentation will be posted to the group after
• Events:• Speaker Events• Company Info Sessions• Admission Events (Grad. School)• Trading Competition (?)
• Contact me: [email protected] or [email protected]
Speaker Events
• Past• Professor Brown (Finance) – Momentum (tax-incentives)• Professor Zhang (Statistics) – Concurrent Declines of Stock
Returns
• Current Plans• Professor Linderoth (I.E) – Portfolio Optimization• Jonathan Welburn (PhD I.E, Co-Founder) – Eurozone Crisis• Professor Brown (?)
• Any recommendations?
Financial Careers (Undergrad)
• Sales & Trading• J.P. Morgan• Citigroup
• Prop. Trading + High Frequency Trading• Optiver• Akuna Capital• Belvedere Trading
• “Front Office” Positions (IB, AM, ER)
• Networking is KEY
• “Heard on the Street” – Book for Interviews (Personally have it)
Current Opportunities
• BuckyNet• JPM, M.S., G.S. etc.
• Goldman Sachs Information Session• Friday, October 2nd, 2:00 PM in Grainger 1100
• Akuna Capital (Union South, 9/30/15, 11:00 – 4:00)• Intern + Full-Time (Trader + Developer)
• BlackEdge Capital (Union South, 9/30/15, 11:00 – 4:00)• Intern
• Belvedare Trading• Intern + Full-Time• Join Google Group for info
• Be prepared for mental math tests for interview
Mathematical Finance (Grad. School)
Mathematical Finance is also known as
Quantitative Finance
Financial Engineering
Financial Mathematics
Computational Finance
HISTORY
Came into existence in the 70’s
Was not an actual field until 90’s
Today, academic programs train specifically for MF Used to be mostly PhDs in Math/Physics entering
Finance
Quants have significantly changed the financial landscape
Mathematical Finance
Field has been growing exponentially (Risk & Gov. Regulation) Growth in educational programs (Masters) Berkeley was able to place 95% of it’s 2015 MFE Master’s
class in full-time positions
WHAT DOES A QUANT DO?
• Use/make mathematical tools to model uncertainty in financial markets as well as price products such as options and derivatives
• Job Titles: Quantitative Analyst, Equity Derivatives Structurer, Model Validation, Portfolio Strategist, Credit and Portfolio Risk Manager
WHAT DOES IT TAKE TO BE AQUANT?
Expertise in math, finance, computer science, and statistics
Excellent at analyzing and solving problems
Enjoy a fast-paced and high pressure environment
Quants come from many different backgrounds Not aimed at a typical M.B.A candidate
WHAT KIND OF TOOLS DO QUANTSUTILIZE?
Math Stochastic Calculus, Linear Algebra, Differential Equations (Partial),
Numerical Analysis
Stats Probability Theory, Statistical Inference
CS C++, OOP, Artificial Intelligence, Data-Mining
Operations Research Stochastic Processes, Simulation, Optimization
Finance & Econ Investment Theory, Asset Pricing Theory, Derivative
Securities, Fixed-Income, Econometrics
Types of Programs
Masters (New York)• Berkeley – Financial Engineering• Columbia – Financial Engineering + Op. Research• Carnegie Mellon – Computational Finance• Baruch – Financial Engineering• Cornell – Financial Engineering• Etc.PhD• Physics, Math, Engineering, CS
Resources
• https://www.quantnet.com/• https://tfetimes.com/rankings/• E-Mail James ([email protected]) -> He is applying for
these programs!• Reading List• Liar’s Poker• When Genius Failed• More Money Than God• How I Became a Quant• The Big Short• Nerds on Wall Street• Recommendations?
Conclusion
Events planned Speaker Events Company Info. Sessions Admission Events Trading Competition (TBD)
Please join our e-mail list: http://groups.google.com/group/uwsmf/ and feel free to come talk to me about any concerns, recommendations, advice.