macrocephalopod on Twitter: "Could be a selection effect. To get hired without a PhD you need to be genuinely really good. Having a PhD let’s some mediocre people get a pass in the interview process.… https://t.co/pSuoD06XJZ"

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Hari P. Krishnan‏ @HariPKrishnan2 Mar 2

Replying to @HariPKrishnan2 @nope_its_lily and

the @bennpeifert 's of the world have more than enough mathematical firepower at their disposal ... The main advantages of a broad mathematical background are 1) rigor and 2) deciding what ingredients you want to bring to the table ... a tech PhD does not guarantee good taste

1 reply 0 retweets 5 likes

Hari P. Krishnan‏ @HariPKrishnan2 Mar 2

Replying to @HariPKrishnan2 @nope_its_lily and

& @bennpeifert has a wealth of economics training to boot

1 reply 0 retweets 0 likes

experquisite‏ @experquisite Mar 2

Replying to @HariPKrishnan2 @nope_its_lily and

It’s not necessary to do the job maybe, but it seems necessary to get hired to do the job?

2 replies 0 retweets 2 likes

Benn "DJ D-Vol" Eifert‏ @bennpeifert Mar 3

Replying to @experquisite @HariPKrishnan2 and

i think you're interpreting this more narrowly than the context -- "in order to become a buy-side quant researcher or trader" , this sounds quite open ended and of people who broadly speaking fit into one of those two categories across the industry, probably 10% have PhD's

3 replies 0 retweets 8 likes

Yannick Kälber‏ @YannickKae Mar 3

Replying to @bennpeifert @experquisite and

Also currently considering whether I should do a doctorate. On the one hand, because it is genuinely nice to devote yourself to one thing very intensively, but also because I have the impression that many quants did. Thanks for your input.

1 reply 0 retweets 3 likes

Benn "DJ D-Vol" Eifert‏ @bennpeifert Mar 3

Replying to @YannickKae @experquisite and

PhD is a long road full of suffering :) the reason to do it is that you really like the idea of a long road of intensive research

2 replies 0 retweets 16 likes

Hari P. Krishnan‏ @HariPKrishnan2 Mar 3

Replying to @bennpeifert @YannickKae and

I spent a good year hiding from my advisor when I wasn't making any research progress ... Not the best strategy, in hindsight.

5 replies 0 retweets 13 likes

Oso Gordo‏ @Oh_So_Gordo Mar 3

Replying to @HariPKrishnan2 @bennpeifert and

Is the effort worth it though? I've toyed with the PhD idea, but I've also watched friends and family members obtain theirs with very mixed results.

2 replies 0 retweets 1 like

experquisite‏ @experquisite Mar 3

Replying to @Oh_So_Gordo @HariPKrishnan2 and

I don’t have a PhD, but I wouldn’t call myself a buy-side quant researcher or trader either. In speaking with our hiring managers, the reason they like PhDs is because they have a demonstrated tolerance for suffering, agonizing self-doubt and uncertainty under pressure.

1 reply 0 retweets 8 likes

experquisite‏ @experquisite Mar 3

Replying to @experquisite @Oh_So_Gordo and

But I’ve also heard that the people who do the most profitable research are those _without_ PhDs (the minority here). So I don’t know what to make of that except maybe the whole pipeline is broken. @AgustinLebron3 probably has some insight lol.

3 replies 0 retweets 9 likes

macrocephalopod‏ @macrocephalopod Mar 3

Replying to @experquisite @Oh_So_Gordo and

Could be a selection effect. To get hired without a PhD you need to be genuinely really good. Having a PhD let’s some mediocre people get a pass in the interview process.

12:36 PM - 3 Mar 2022

15 Likes

3 replies 0 retweets 15 likes

1. Show replies
1. brrrzooka‏ @brrrzooka Mar 3
  Replying to @macrocephalopod @experquisite and
  
  Or lets them get to the interview process in the first place
  
  2 likes
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1. Seth Hersch‏ @SethHersch Mar 3
  Replying to @macrocephalopod @experquisite and
  
  This seems spot-on, but I found the road to becoming “genuinely really good” was shorter than the PhD. At the end of the day, it’s an industry built on proof statements. If you want to do a job, learn to do that job better than the people who already have it.
  
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