Risk Management Compensation

Рет қаралды 6,309

Dimitri Bianco

Күн бұрын

Пікірлер: 24

@kalintibbitts8351 11 ай бұрын

Super helpful to see where quant hubs are outside of NY and SF 👍🏼👍🏼 two thumbs up

@DengueBurger 11 ай бұрын

I was surprised to see Tampa lol

@ABSTRACTSHNITZEL 11 ай бұрын

Hey Dimitri, have you ever thought about making a video about the GRE? You mentioned you scored really well, so perhaps you could provide some tips about the test, how important you think it is, whether you think one should take it even if not required for a masters program, and when and how much time one should spend studying for it. A similar video could possibly be made for letters of recommendation and a statement of purpose too.

@jammy1541 11 ай бұрын

Hi Dimitri just got an offer for MSc Statistics but doesn’t contain a lot of finance specific courses, is it expected to learn this specific modelling on the job or before interviews?

@drewstonestrom1231 11 ай бұрын

I’m thinking about going into a quant masters from a physics undergrad (currently a junior). Should I have an idea of what sort of quant I want to be before going into grad school? Or is it more common for people to discover their niche while in their masters program?

@DimitriBianco 11 ай бұрын

You're ahead of the game even thinking about it. Almost no one knows exactly what they want to do or that there are actually a variety of jobs within the quant space.

@nickh7681 11 ай бұрын

I got offered the graduate rotational program role at a big bank in NYC. The base was 85, and the program was for two years. I turned it down because during the interview process, they also interviewed me for an ALM manager role (which required 3-6 years experience, and I didn't get because I didn't know the first thing about finance at the time). During that interview, he told me that the risk job lacked any real math. It was mostly reporting. I'm essentially a desk quant for a unique firm now. Is quantitative risk essentially just reporting? Or was that what the rotation program would have been like? Or did I somehow accidentally apply for a non-quantitative risk job?

@DimitriBianco 11 ай бұрын

That job would be called governance which is also a risk job but for business people as they just do reporting. The quants build or validate models and then governance does the reporting of all that activity. So yes, you interviewed for a non-quant job within risk. There is also an area called ERM (enterprise risk management) which is non-quant but a large department within risk.

@nickh7681 11 ай бұрын

@@DimitriBianco Ah, I see, I see. There's a million textbooks on SDEs, but none on the taxonomy of these roles. Thanks!

@KP-GG61 11 ай бұрын

Hello Dimitri, question from a MFE candidate. I was curious to see what a Jr. Quant Researcher at Agora Data is working on and how this position contributes to your team. I understand this position was filled recently and was interested to see what a young quant in fintech is responsible for. I know that you can't get specific due to legal reasons but I think it would be a cool video topic if you're able to talk about it.

@rnskfamily7672 11 ай бұрын

Citi and JPM chase alone will skew data. Smaller companies pay a lot more than those two.

@Amakeyu 11 ай бұрын

Wait so (Total Comp.) represents [compensation + base] or just [compensation] ?

@DimitriBianco 11 ай бұрын

Total comp is salary and bonus.

@Amakeyu 11 ай бұрын

@@DimitriBiancoI see a lot of street interview videos of software engineers claiming they make 200k-300k or so, do software engineers really make more than quants working at financial institutions?

@DimitriBianco 11 ай бұрын

@Amakeyu those are often outliers. I've heard of hedgefunds starting someone in the same range however there are a lot of factors such as where you live (Silicon Valley), your education and school, your age, and often personal contacts. That being said software engineers are paid very well.

@danibg2315 10 ай бұрын

@@Amakeyuthis is also a total comp number with stock most likely. But long story short if you're at a top company in either finance or tech you can eaisly make 200k+ total comp to start.

@Simba365 11 ай бұрын

Would I need to get another masters to be considered for these type of roles ? I have an undergrad in engineering and almost done with a data science masters but I dont think that would be enough to prepare me for an entry level role

@nipo2540 11 ай бұрын

It would be enough. There's no degree that will prepare you perfectly for this type of stuff. I have a master's in mathematics and I'm doing fine. The barrier to entry is much lower for risk management vs investment-side quant

@Simba365 11 ай бұрын

@nipo2540 OK I was thinking about quant finance because the work seems interesting and not boring like some data analyst jobs. I also want to know how money works at a bank and the entire banking system which led me to this channel. Don't care about the money as long as I'm making above $120,000 I can be satisfied not trying to be a millionaire just want to do something quantitatively challenging or at least interesting

@Welcome2TheUnknown 11 ай бұрын

Wonder how much UBS is offering.

@MehulMehta-Quant 11 ай бұрын

Amazing ❤

@rnskfamily7672 11 ай бұрын

No wonder jobs move out of New York and will continue to do so for the foreseeable future. Those new york salaries may get you living as a single person not enough for families. You will be crushed in the new jersey new york subway and expect 16 hr days to earn those low salaries in NYC. RUN.. Those salaries are great if you are Jewish and have an ancestral home and not have to worry about high real estate cost in NYC. Others RUN and never look back.