/qfg/ - Quantitative Finance General

Because we needed this one

>read pic related

>quantitative finance reference literature
quantnet.com/threads/master-reading-list-for-quants-mfe-financial-engineering-students.535/

>quantitative finance current research
quant.stackexchange.com/questions/1985/what-papers-have-progressed-the-field-of-quantitative-finance-in-recent-years-p?rq=1

fucking bump

bumping with reference list

CAREER AS A QUANT

The Complete Guide to Capital Markets for Quantitative Professionals
Financial Engineering: The Evolution of a Profession
My Life as a Quant: Reflections on Physics and Finance
The Quants: How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It
How I Became a Quant: Insights from 25 of Wall Street's Elite
The Big Short: Inside the Doomsday Machine
Nerds on Wall Street: Math, Machines and Wired Markets
Physicists on Wall Street and Other Essays on Science and Society

BOOKS FOR QUANT INTERVIEWS

150 Most Frequently Asked Questions on Quant Interviews by Dan Stefanica, Rados Radoicic, Tai-Ho Wang
Quant Job Interview Questions And Answers by Mark Joshi
Frequently Asked Questions in Quantitative Finance by Wilmott
Heard on The Street: Quantitative Questions from Wall Street Job Interviews by Timothy Crack
Cracking the Coding Interview: 150 Programming Questions and Solutions by Gayle Laakmann McDowell
A Practical Guide To Quantitative Finance Interviews by Xinfeng Zhou
Basic Black-Scholes: Option Pricing and Trading by Timothy Crack
Fifty Challenging Problems in Probability with Solutions by Frederick Mosteller
Vault Guide to Advanced Finance & Quantitative Interviews

GOOD BOOKS TO READ BEFORE STARTING MFE PROGRAM

A Primer For The Mathematics Of Financial Engineering, Second Edition
Financial Options: From Theory to Practice
Paul Wilmott on Quantitative Finance 3 Volume Set (2nd Edition)
An Introduction to the Mathematics of Financial Derivatives, Second Edition by Salih Neftci
Options, Futures, and Other Derivatives (8th Edition) by John Hull
Principles of Financial Engineering, Second Edition by Salih Neftci
Elementary Stochastic Calculus With Finance in View by Thomas Mikosch
The Concepts and Practice of Mathematical Finance by Mark Joshi
Financial Options: From Theory to Practice by Stephen Figlewski
Financial Calculus : An Introduction to Derivative Pricing by Martin Baxter
A Course in Financial Calculus by Etheridge Alison
The Mathematics of Financial Derivatives: A Student Introduction by Paul Wilmott
Frequently Asked Questions in Quantitative Finance by Paul Wilmott
Derivatives Markets by Robert L. McDonald
An Undergraduate Introduction to Financial Mathematics by Robert Buchanan

GENERAL READING ON WALL STREET

Liar's Poker: Rising Through the Wreckage on Wall Street
Monkey Business: Swinging Through the Wall Street Jungle
Reminiscences of a Stock Operator
Working the Street: What You Need to Know About Life on Wall Street
Fiasco: The Inside Story of a Wall Street Trader
Den of Thieves
When Genius Failed: The Rise and Fall of Long-Term Capital Management
Traders, Guns & Money: Knowns and unknowns in the dazzling world of derivatives
The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History
Goldman Sachs : The Culture of Success
The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance
Wall Street: A History: From Its Beginnings to the Fall of Enron
The Murder of Lehman Brothers: An Insider’s Look at the Global Meltdown
On the Brink: Inside the Race to Stop the Collapse of the Global Financial System
House of Cards: A Tale of Hubris and Wretched Excess on Wall Street
Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System-and Themselves
Liquidated: An Ethnography of Wall Street
Fortune’s Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street

OP do you work in this field? I'm studying to be an actuary and want to go into this field

Cool user I'm an actuary too, I come from a general longitudinal statistics background (time-to-event, time series, etc.), but I'm looking forward to specialise in quantitative finance, specifically I'm interested in algorithmic trading. Maybe get a M.Sc. or something, and then start my own business.

I'm a NEET and have no idea what the fuck this is, how do I profit off of this? My education is high school diploma

>My education is high school diploma
You WILL need a lot of calculus to get into probability and then statistics.

If you know how to program, try reading
Introduction to R for Quantitative Finance
and then go to
Mastering R for Quantitative Finance
It is a good handbook with focus on practice and minimal basic theory

TL;DR Lol I will just make you an actuary, because it is a very straightforward path
A solid guide would be to pass this tests (there are guides that cover the specific topics so that you can spent your time studying them instead of studying a broad array of things)
SOA Finantial Mathematics
SOA Probability
Then jump into
SOA Statistics and Probabilistic Models
SOA Actuarial Models: Financial Economics

To finally get into the Quantitative Finance and Investment advanced SOA Exams (the step I'm currently on)


>How do I profit from this?
Well basically you're going to get stuff from finantial input: e.g. forecasting, that's like gaining the ability to "objectivelly" predict things from finantial data, which is like being able to tell the future

I'm in a pretty crappy position right now. I've passed P, but just failed FM. I'm currently trying to get my life back together because this field really interests me.

Oh man, don't get discouraged. I tried the FM 3 times until I got it, in general you'e going to try the exams for at least 2 times each. Try to develop a muscle memory using the calculator, for the specific problems, this helped me speed up my thinking and recognising stuff more easily by association. Just practice, practice, practice, and of course try, try, try the exams. It took me 4 years to get my actuarial credentials but it's worth the effort.

Yeah dude I didn't have enough fucking time because my calculator was such a pain in the ass!!! I didn't have a ba II either

What degree do you have and how many years did you spend in college?

CFA vs MFE?

Im currently deciding whether to accept a PhD scholarship to Monash uni in Melbourne in financial mathematics. Do you guys think itd lead anywhere good job wise?

God please stop fucking posting

Bumping this thread because it is about education and not hot penny stock tips.

Isn't all of mathematical finance just a load of horse crap?

I'm taking a course on stochastic processes and measure theoretic probability and I don't really see how a Wiener process is supposed to model stock prices.

DON'T get a degree in "Financial Engineering". Graduate in something "real", like mathematics, physics or applied mathematics. If you want to go into mathematical finance later on you can.

Put Bernanke's book "The Courage To Act" on that list.

Think very complex markov chains using huge datasets

Interesting. Do you have any specific books on this?

I'm just starting looking into it too. I'm a junior and also just took stochastic processes.

as an accountant, how can i get into this?

i know that quants make a hell of a lot of money at big banks and i want to move into something that'll give me more shekkels

Just picked up a bunch of the books from this reading from my university's library. It'll be a fun break