Career as a quant developer/analyst in Singapore - Page 4 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




Career as a quant developer/analyst in Singapore

Reply
 
Thread Tools
  #31 (permalink)  
Old 05-11-2013, 07:56 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
The problem most fresh grads have is they are so stuck in their limited job hunting experience in low end jobs in MNCs paying <10k that they automatically just refuse to believe there are fresh grads who can make few hundred thousand USD annual.
It is extremely rare for a person to be hired as a quant with just a bachelors. In fact, I've never heard of it. As far as I know, most quants are PhDs with years of specialized experience in programming complex mathematical models with C++. Even a masters in financial engineering is not enough since graduates from these program do not have much experience implementing models in C++. Some of the skills investment banks can be very specialized. For example, a quant friend of mine was looking people with experience in GPU programming and he's willing to shell out >250K USD.

Also, the average base starting pay in Goldman Sachs is around 110 to 130K USD for a physics PhD with zero finance experience. That sounds like a lot until you realize that you'd have to live in NYC...

To be fair, the base salary for a PhD quant rises very quickly after 2 years. Also, the pay for a quant is adjusted for Singapore's tax level. Fresh quants in Singapore make less than quants in NYC after taxes. Then again, the level of quant work in Singapore is much less demanding technically speaking than those in HK, London and NYC.

Reply With Quote
  #32 (permalink)  
Old 10-11-2013, 06:13 AM
Unregistered
Guest
 
Posts: n/a
Default

which 1 earn more? algo trader or quant pricer?

Reply With Quote
  #33 (permalink)  
Old 01-03-2016, 03:52 PM
Unregistered
Guest
 
Posts: n/a
Default

Just writing here to clear up all the misinformation in this thread...

How do you become a quant? There are three ways:

1. Get a PhD or masters in a quantitative subject (math, physics, CS)
2. No PhD? Then get work experience at sell-side financial markets.
3. No work experience? Then be extremely good at programming. Brush up on your C++ and Python programming skills.

It's very unlikely for someone to become a quant with just a bachelor's degree. If any degree holder tells you his job title is a "quant", he is most likely in a trading, risk, or software development role.

It's getting even more competitive now with the flood of MFE graduates these days. Many of these MFE grads end up in risk management roles or software engineering roles (which are not too bad and pay quite decently too).

Reply With Quote
  #34 (permalink)  
Old 01-03-2016, 05:19 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
1. Get a PhD or masters in a quantitative subject (math, physics, CS)
2. No PhD? Then get work experience at sell-side financial markets.
3. No work experience? Then be extremely good at programming. Brush up on your C++ and Python programming skills.
As someone has revived this thread, let me give an update on the industry in Singapore. I know certain things but wish to know more about those with MFE. I didn't come from the MFE route so wish to know more from those who did.

This is correct. However, I've know enough of the industry to summarize the link between title and work. The label "quant" gets thrown around quite often. The three main ones are quant analyst, quant researcher and quant developer. On one hand, you get quant analysts who do 90% programming and another quant developer who does 50% strategy. So for those who want to enter this industry, know this - "titles rarely matter, it's the work that does."

Most of us aspiring to be in a revenue generating position. In line with what I just said, the track I recommend for most is to FIRST get into the fund as a quant XXX, SECOND do a good job and show that your undepensible, THIRD now ask for responsibilities that show you can generate revenue.

As for the MFE's, how it coming along? Some say MFE is the masters you have to get to get into quant positions. I know my math and I know my industry. Knowing everything on stochastic calculus doesn't immediately give you the techniques to trade profitably. Don't fool me. Here are three examples how the MFE route doesn't work.

1) You know everything about stochastic calculus. You spend two years pricing an exotic option but soon realize the market doesn't trade it. No flow, no money.
2) Okay, so you did some project on machine learning. Either, your model has lost its edge once you push into the market. Or, it'll take another one year at least to iron out the naunces with you attempt to implement your model with prices from your fund's brokers. Your model is profitable with 10bps spread. Well, JPM is trading 20m EURs with 20bps spread. Doubt your model is gonna work.
3) All you learn in MFE is textbook industry established knowledge. Nothing new, no edge.

Am I wrong? The point is, you want the quickest route to work on a model that is market tested. You do that in an actual fund not in MFE.
Reply With Quote
  #35 (permalink)  
Old 01-03-2016, 07:07 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
As someone has revived this thread, let me give an update on the industry in Singapore. I know certain things but wish to know more about those with MFE. I didn't come from the MFE route so wish to know more from those who did.

This is correct. However, I've know enough of the industry to summarize the link between title and work. The label "quant" gets thrown around quite often. The three main ones are quant analyst, quant researcher and quant developer. On one hand, you get quant analysts who do 90% programming and another quant developer who does 50% strategy. So for those who want to enter this industry, know this - "titles rarely matter, it's the work that does."

Most of us aspiring to be in a revenue generating position. In line with what I just said, the track I recommend for most is to FIRST get into the fund as a quant XXX, SECOND do a good job and show that your undepensible, THIRD now ask for responsibilities that show you can generate revenue.

As for the MFE's, how it coming along? Some say MFE is the masters you have to get to get into quant positions. I know my math and I know my industry. Knowing everything on stochastic calculus doesn't immediately give you the techniques to trade profitably. Don't fool me. Here are three examples how the MFE route doesn't work.

1) You know everything about stochastic calculus. You spend two years pricing an exotic option but soon realize the market doesn't trade it. No flow, no money.
2) Okay, so you did some project on machine learning. Either, your model has lost its edge once you push into the market. Or, it'll take another one year at least to iron out the naunces with you attempt to implement your model with prices from your fund's brokers. Your model is profitable with 10bps spread. Well, JPM is trading 20m EURs with 20bps spread. Doubt your model is gonna work.
3) All you learn in MFE is textbook industry established knowledge. Nothing new, no edge.

Am I wrong? The point is, you want the quickest route to work on a model that is market tested. You do that in an actual fund not in MFE.
I once asked a hedge fund manager what he look out for in a new entry level quant. "Smart with numbers" is what he said, couldn't care less for exact knowledge as they are mostly outdated if it reaches textbook.
Reply With Quote
  #36 (permalink)  
Old 08-01-2021, 07:38 PM
Unregistered
Guest
 
Posts: n/a
Default

Hi, thanks for the very insightful discussion! Since the last post was 5 years ago, I was wondering if anyone can give an update on the quant market in Singapore today? (especially in light of the news that Citadel and DE Shaw setting up shop here).

I interned as an SWE in one of the BB last summer and have plans to pursue an MFE overseas. What are the chances of landing a quant job in Singapore 2-5 years from now?

Thank you!
Reply With Quote

  #37 (permalink)  
Old 08-01-2021, 09:50 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Hi, thanks for the very insightful discussion! Since the last post was 5 years ago, I was wondering if anyone can give an update on the quant market in Singapore today? (especially in light of the news that Citadel and DE Shaw setting up shop here).

I interned as an SWE in one of the BB last summer and have plans to pursue an MFE overseas. What are the chances of landing a quant job in Singapore 2-5 years from now?

Thank you!
Think first you have to differentiate which positions you are aiming for. Quant Researcher, Trader or SWE? I may be wrong, but when attending the recent recruitment talk for Citadel Hong Kong, they seem to be looking for strong PHD applicants for their Quant Researcher role. Not sure how strongly an MFE will be considered. For Trader and SWE positions, bachelors is enough.
Reply With Quote
  #38 (permalink)  
Old 09-01-2021, 12:01 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Hi, thanks for the very insightful discussion! Since the last post was 5 years ago, I was wondering if anyone can give an update on the quant market in Singapore today? (especially in light of the news that Citadel and DE Shaw setting up shop here).

I interned as an SWE in one of the BB last summer and have plans to pursue an MFE overseas. What are the chances of landing a quant job in Singapore 2-5 years from now?

Thank you!
A recruiter reached out from one of said firms so I know they are hiring.
Reply With Quote
  #39 (permalink)  
Old 24-01-2021, 09:47 PM
Unregistered
Guest
 
Posts: n/a
Default

what if i have:
- a MFE
- knows how to trade forex, indices, crypto
- I'm mid 40s
- but don't have trading track record

eventual aim is to go towards algo trader role, will I be able to get a entry level job as a quant developer first? does hedge fund, banks for FI willingly to get me in? I presume age is a big consideration for them. even though having a MFE at mid 40s does shows my passion but passion is not the answer to cross over the door.
Reply With Quote
  #40 (permalink)  
Old 25-01-2021, 03:33 PM
Unregistered
Guest
 
Posts: n/a
Default

Got offered desk quant role at squarepoint. Anyone knows if squarepoint is a good hedge fund?
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Career prospect for research analyst in financial industry bilano Income and Jobs 4 05-03-2013 09:43 PM
marketing executive(sales) for real estate developer skylinelxl Income and Jobs 0 07-12-2012 11:59 PM
Salary for 5+ Yrs Exp Software Developer C++, Windows yamurthy Income and Jobs 10 09-10-2010 01:51 AM
Looking for Software Developer jlinuk Marketplace and Find Work 0 15-07-2010 12:18 PM
Career prospects of analyst role in insurance department username Income and Jobs 1 10-07-2010 04:40 AM

» 30 Recent Threads
ITE Polytechnic Scheme ( 1 2 3... Last Page)
120 Replies, 104,402 Views
ST Electronics ( 1 2 3... Last Page)
1,958 Replies, 415,536 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
5,714 Replies, 1,514,908 Views
Roles in accenture singapore ( 1 2 3... Last Page)
1,202 Replies, 352,124 Views
Lawyer Salary ( 1 2 3... Last Page)
10,793 Replies, 3,716,215 Views
Working at Accenture ( 1 2)
13 Replies, 8,816 Views
Working in HDB ( 1 2 3... Last Page)
374 Replies, 318,098 Views
How much are you earning per annum? ( 1 2 3... Last Page)
12,214 Replies, 4,076,884 Views
Starting pay for fresh grad? ( 1 2 3)
23 Replies, 22,306 Views
Compare civil service salary ( 1 2 3... Last Page)
11,680 Replies, 6,654,700 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
451 Replies, 110,449 Views
Restructuring and insolvency
4 Replies, 293 Views
Fresh Grad from local U cant find... ( 1 2 3... Last Page)
73 Replies, 28,476 Views
How is life as a doctor in... ( 1 2 3... Last Page)
1,960 Replies, 1,168,553 Views
Engineer Pay ( 1 2 3... Last Page)
188 Replies, 78,637 Views
MAS : Mid Career Professionals ( 1 2 3... Last Page)
300 Replies, 189,789 Views
DBS Graduate Associate Program ( 1 2 3... Last Page)
2,008 Replies, 470,346 Views
DBS tech seed programme ( 1 2 3... Last Page)
455 Replies, 99,394 Views
GovTech career grade ( 1 2 3... Last Page)
238 Replies, 229,329 Views
Asset Management Salary ( 1 2)
16 Replies, 849 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
373 Replies, 165,115 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
3,040 Replies, 1,390,562 Views
OCBC Graduate Talent Programme... ( 1 2 3... Last Page)
685 Replies, 199,365 Views
UBS Financial Services Industry... ( 1 2 3... Last Page)
185 Replies, 52,996 Views
Part-time Higher NITEC in...
6 Replies, 4,720 Views
GIC career ( 1 2 3... Last Page)
288 Replies, 401,741 Views
Details about how to get PMP...
1 Replies, 496 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 01:23 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2