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- 12/16/24
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Hi All,
Any advice would be much appreciated. I am looking to get guidance on breaking into quant trading and or research, with the idea of using a masters to transition into the industry.
Context
I am a student incoming final year of my undergrad in a double degree in Mechanical Engineering & Finance at UTS (mid tier uni), with a WAM of 70, and two internships one current as a Financial Analyst in a Fortune 200 and one incoming end of this year as a Data Analyst at a reputable firm.
Experiences related include, self teaching python to create a Monte Carlo Simulation model for option pricing which simulates the price paths of the underlying asset through a Geometric Brownian Motion which has a kind of gui layer built over it in streamlit. I got "funded" by various online futures prop firms over a 16 week period ($500k buying power) generating alpha using a back-tested mean reversion strategy and made a commission of ≈ 10k USD. Currently revising Linear Algebra to then self teach Stochastic Calc, starting to solve leetcode easy Qs and am reading on options pricing and volatility in my spare time.
Goal/Question
I doubt my undergrad grades and experiences will let me land a role in quant as I am, so I am considering doing a masters domestically in either Financial Mathematics or Data Science (with an emphasises on Stats)
Australia does not have any notable courses for Financial Mathematics/Engineering, UTS has a masters of quant finance, however most graduates seem to end up in risk quant at banks (LinkedIn), the masters course for DS at the University of Melb is ranked 13th in the world however. I would aim to work full-time as I have in my undergrad as either a financial or data analyst whilst pursuing my masters to show experience that can be somewhat relevant to the industry. I am not worried about difficulty of a masters with a full-time job as the my engineering degree is averaging 80% with minimal effort on my end.
What would be the best course of action to reach my goal in the most efficient way at which uni or course?
Thank you.
Any advice would be much appreciated. I am looking to get guidance on breaking into quant trading and or research, with the idea of using a masters to transition into the industry.
Context
I am a student incoming final year of my undergrad in a double degree in Mechanical Engineering & Finance at UTS (mid tier uni), with a WAM of 70, and two internships one current as a Financial Analyst in a Fortune 200 and one incoming end of this year as a Data Analyst at a reputable firm.
Experiences related include, self teaching python to create a Monte Carlo Simulation model for option pricing which simulates the price paths of the underlying asset through a Geometric Brownian Motion which has a kind of gui layer built over it in streamlit. I got "funded" by various online futures prop firms over a 16 week period ($500k buying power) generating alpha using a back-tested mean reversion strategy and made a commission of ≈ 10k USD. Currently revising Linear Algebra to then self teach Stochastic Calc, starting to solve leetcode easy Qs and am reading on options pricing and volatility in my spare time.
Goal/Question
I doubt my undergrad grades and experiences will let me land a role in quant as I am, so I am considering doing a masters domestically in either Financial Mathematics or Data Science (with an emphasises on Stats)
Australia does not have any notable courses for Financial Mathematics/Engineering, UTS has a masters of quant finance, however most graduates seem to end up in risk quant at banks (LinkedIn), the masters course for DS at the University of Melb is ranked 13th in the world however. I would aim to work full-time as I have in my undergrad as either a financial or data analyst whilst pursuing my masters to show experience that can be somewhat relevant to the industry. I am not worried about difficulty of a masters with a full-time job as the my engineering degree is averaging 80% with minimal effort on my end.
What would be the best course of action to reach my goal in the most efficient way at which uni or course?
Thank you.
