5/16/2023 0 Comments Top quant funds![]() Here are some key points that stood out to us: If you’re planning to enter this path, we’d encourage you to form your own view - but we did do a brief review of the economics literature about quantitative trading’s social impact. That aside, what can we say about the impact of quantitative trading on society? We wouldn’t generally recommend undertaking work that you believe causes significant harm ‘for the greater good’ - as we write about in our article on whether it’s ethically permissible to pursue a harmful career. ![]() We’d encourage anyone considering entering this path to reflect on the potential negative social effects of the work they would be doing, and to compare it to its potential positive effects and the value of their donations. There are many types of quantitative trading, which likely have different impacts. There are some concerns that quantitative trading, or finance in general, might have negative impacts on society. This path can also offer the chance to reinvest your earnings at above market rates, further boosting lifetime income.įor these reasons, this path has the potential to let you donate large amounts, which could make a big positive difference. Overall, we recommend using an expectation value somewhat below these figures. This ignores prospective salary growth or contraction. ![]() Based on current salary levels and ignoring the chance of firm failure, we estimate the median lifetime earnings for a new entrant are $250,000-$750,000 per year, with a mean over $1 million per year. This is likely to be one of the highest earning paths available.Ĭompensation starts at $100,000-$500,000 and grows rapidly in the first 5-10 years. Jobs in this path involve using statistics, mathematical modelling and programming to devise, implement and manage these strategies. Quantitative hedge funds use strategies based on algorithms to make money. Hedge funds trade money on the markets on behalf of wealthy investors, in exchange for fees and a share of the profits. 4 Want to work in quant trading and donate a large fraction of your income in order to do as much good as possible?.
0 Comments
Leave a Reply. |