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Daniel_Burfoot comments on Less Wrong: Open Thread, September 2010 - Less Wrong
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Anyone here working as a quant in the finance industry, and have advice for people thinking about going into the field?
I am, and I am planning to leave it to get a higher more average pay. From my viewpoint, it is terribly overrated and undervalued.
Can you expand on this? Do you think your experience is typical?
Most places I have worked, the reputation of the job has been quite different from the actual job. I have compared my experiences with those of friends and colleagues, and they are relatively similar. Having a M.Sc. in physics and lots of programming experience made it possible for me to have more different kinds of engineering jobs, and thus more varied experience.
My conclusion is that the anthropic principle holds for me in the work place, so that each time I experience Dilbertesque situations, they are representative of typical work situations. So yes, I do think my work situation is typical.
My current job doing statistical analysis for stock analysts pay $ 73 000, while the average pay elsewhere is $ 120 000.
Ping Arthur breitman fb or linked in. He is part of NYC lw meetup, and a quant at goldman.