Quant roles at consulting firms (below b4)

[dariuz]

Risk/valuation quant roles
What are those like, is it just model validation? How do they compare to model validation roles at big banks? Think bdo, mazars levels firms.

 

[achirikhin]

Mostly risk and model val, yes. Very rarely front office jobs.

qaprofession.com

 

[dariuz]

Or is it more like model audit? Also not clear on the difference between those two, i know banks have model risk teams and model audit internal audit, but not sure the difference

What are the exit options? Sell side model validation? i haven't seen any from consulting at the major sell side banks?

 

[achirikhin]

Possible exit from consulting to risk QA on the sell side. Basel and all that.

Model val is pretty much an absorbing state, because you don't develop anything. Even if you did, you are risking losing the skill very quickly.