These forums exist to discuss books on quantitative finance.
chrissbliss wrote:(...) I can't immediately see why you'd ask e.g. a PhD in mathematical analysis basic stuff regarding Taylor series expansions or evaluation of integrals.
mj wrote:Well, my HH has just told me that the average annual salary mounts to GBP 25K. The base salary of a (junior) quant can be 2X as much ( not speaking of the more senior positions ). Your selling point for these jobs is that you know (applied) Maths ( reasonably ).
If you paid so much money for somebody who has just walked in from the street, would not you also test upon his qualities ? I think it is quite fair.
mj wrote:the real issue is that any semi-competent mathematician should be able to work out how to do these things on the spot.
Give me an algorithm, any algorithm, to do numerical integration.
If you can't work one out on the spot, you are not very good at maths and I can feel secure in rejecting you.
Unfortunately, a phd in maths doesn't always mean what it ought to.
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