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4. Physics 5. Computer Science + Economics ...

and that, my friends, is the beauty of OpenMP. :)

the standard browser at my employer is IE6 and I don't see the transition to newer and better things anytime soon. I don't use it but that's the standard. I've read textbooks in the kindle. I'm not a fan.

No doubt this article is at least 2 years old. Lehman died long time ago in "finance" years.

oops... the badgers got their behinds kicked.

is that relevant? more ethnic russians were killed in world war II than any other so called ethnicity.

Trading what? You don't need any degree. It will be better to save your time and money and start trading your own money and grow it. People will be coming to you if you are any good (or lucky enough).

badgers??? let's go whoever is playing the badgers!!!

I don't hate it. I have a healthy dislike but, if you would've worked with COM in the 90's, you will hate it too.

good, but that's FAR from obvious. Also, as soon as I saw COM objects, I stopped reading.

in the past, overriding that limit was not that obvious. Maybe it's easier in V4.0

Unless this is explicitly mentioned somewhere, I will still think that the default is 25 threads. This problem hit a group close to my business area in the past.

I think the title is sort of misleading. The synchronization is taken care of by somebody else.

so the limit is not 25 total threads anymore?

don't worry about your undergraduate school. Apply without fear.

You are assuming he/she has a loan. That might not be the case.

RedPanda, So, you are on the older side. Questions for you: - What is your edge? - What can you offer to the job that a younger MFE can't offer? - How can you translate your years of studying into working in finance? If you don't have an edge, develop an edge. Your PhD is in mechanical...

I need to see the complete syllabus (there are some broken links in the site) but, after thinking about this for a while, it could be a good thing. I don't think the other programs at Rutgers cover Statistics in Finance. The only thing that worries me is... why didn't the people at Rutgers get...

What does it mean "no result"? No interviews? No offers? No calls? where have you applied?

nowadays, a day trader is the one that gets taken to the cleaners by the high frequency trader.

why don't you put whatever you have in mind as a goal in the essay, send the application, put what you wrote up here in QN and let us know about the outcome? This is the old "put your money where your mouth is". Just make sure you don't send the application to any school that Andy is helping...

so, the best program is the one that produces the higher avg salary? interesting... I have never looked at it that way.

The immigration law for family has absolutely nothing to do with the economy. You need to look at it as a separate problem.

Actually, this is something that they have gotten right. Direct family comes first then anything else. You might not see any point but that might be because you don't have a family around or you are not close to them. However, IMHO, american society puts a high value in family.

again, "highly ranked and prestigious" is as good as "mystic and aura"... and those are names of ... well, you can imagine. Basically, you are prejudiced against any PhD from a school you have never heard of. That is probably not a good thing.

and what is a "named" school? That statement means absolutely nothing.

This article is going to burst the bubble of a lot of people.

the counterparty risk is too high :)

I agree with Andy. If they want to build a center of technology startups in NY, they have to start at some point. If the effort fails, well, at least they tried.

and if you look at the most of the white collar criminals in jail, they also come from ivy league schools and ivy league MBA's.

Go to Caltech and major in Physics.

how long is it going to take you to finish a PhD as a part-time student?

I don't even know if I want to comment on this... you probably know why.

The latest comments remind me of these:

I went to graduate school twice financed by different companies. The best policy was Bankers Trust. They paid 100% regardless of your grade (this was 1999). You only need to pass the class. Deutsche Bank used to pay only $5250 and then they bumped the maximum to $10000 (year 2000). State...

are these online programs or a local school? If it's a local school, which one? It would be better to take a look at those programs before we give you any suggestions.

I don't know what your definition of success is but I don't think paying MBA school loans could be considered a good measure of success. It might matter for certain careers. For instance, the Supreme Court only has lawyers from Harvard and Yale

PCA works well if your system is highly correlated. If not, you will end up using a lot of principal components. Which type of Factor Analysis are you talking about?

BTW, this question has been asked multiple times on QN. Do a search and you will get all the answers.

it won't affect you at all.

I don't think losing money damages the teacher's reputation. The reputation of the Ivy League professors' have not been damaged during the years even though a lot of the people who has lost massive amount of money in finance have been their students.

I took Jim's class. Totally engaging teaching style and very interesting real-world assignments. Students should definitely take this course if you want something extremely challenging and very practical. Very important, this class demands lots of work but if you put the time and effort, you...

What are exactly "finishing touches"? that sounds like some subjective thing that will add nothing to your application. This will never happen. Pick one and stick to it. have you applied somewhere? How do you know? It doesn't look like you can make that judgement. You can do whatever...

what is going to happen if you don't get accepted? or if you do really bad in the GRE? Consider all the posibilities.

I saw the question. What don't you know about C? If you know the syntax of C++, you automatically know the syntax of C. I find it hard to believe that you don't understand THAT program if you know C++. Anyway, if you want to hardcode the name of the input file, do that at the very beginning...

Contact a recruiter and try to get a job. You should be able to succeed following this route.

Enjoy http://www.zerohedge.com/article/next-xtranormal-docket-hft-explained-cartoons <object width="480" height="390"><param name="movie" value="http://www.xtranormal.com/site_media/players/jwplayer.swf"></param><param name="allowFullScreen" value="true"></param><param...

Kiryl, how much is this? free?

read the Carbonado documentation. There is a way to do queries to retrieve recordsets. Carbonado calls them filters. It's a custom "where clause".

it's daily market data. It covered all the equities markets (North America, UK, Europe, Latin America, Asia and Australia and Africa), all futures markets, all options markets, some fixed income (mostly US, UK, and EUR), all options markets. The total size was around 15GB per day. The data was...

I have used Berkeley DB (aka BDB) in a production environment. It is really fast for Key-Value storage. You can create a pseudo relational schema (including a custom query language) on top of it by using Amazon Carbonado. I have only heard good things about Tokyo Cabinet (it's used inside Google).

read a review about this browser couple of days ago. The reviewer said "it blows chunks!!!"

I would be really interested as well.

It was probably a good move just because you made the decision you were comfortable with. Don't worry too much about decisions already made, take advantage of the opportunity you have in your hands now.

my 2+ cents. - C++ is not a good language to start with. Memory management is a huge pain that people should not be subjected to and multiple inheritance was a bad idea from the get go. To the point that all compilers out there do different things when it comes to multiple inheritance. - The...

why not? if he/she seems good from the resume or there is a relevant experience of some sort, I have no problem interviewing somebody even if they don't have a college degree.

This type of behaviour is exactly what communists do.

I don't think this is very accurate. Would you care to explain?

what are you going to be trading? They are both well known and established financial service companies.

KDB will open a MASSIVE hole in your pocket.

I'm sorry but tt doesn't have a single root in FORTRAN. It all comes from OCaml (I think version 3.10 specifically). Don Syme and Microsoft Research have done a great work. F# is the only reason I will work with the .Net environment.

one drawback of R at the moment is that it loads all the data into memory. It means you need to have a lot of memory at your disposal. There are solutions to deal with this issue. What do you mean by a "cakewalk"? loading the data? manipulating the data? I'm sure after the data is loaded...

That guy was not a simple programmer.

Another laptop to consider is the Panasonic ones. They Y series was perfect for me (they are expensive though).

I think you are somehow mistaken. I lug my Macbook pro around inside my bag with gazillion of other things (people who know me has seen my bag - it's huge). So far, no problems whatsoever. These machines are solid. I used to love my X61 tablet with high resolution but they stop making it...

macbook pro 17'' - Great resolution 1900x1200, the battery lasts forever and it's only 6.6 lbs - light for a 17''

a MacBook Pro 17'' with an i7 CPU and 8GB of memory.

Why? They don't owe a job to anybody. They don't have to publish this piece of information, and they can charge whatever they want. If you want to attend that program that's what you have to pay. If you don't like, there are plenty of choices. if a lot of people are curious, guess what? they...

There is book dedicated completely to SDE and their implementation with R. There is also a package for it: http://cran.r-project.org/web/packages/sde/index.html http://tinyurl.com/386gwxg My advice is to ditch Matlab and embrace R.

IMHO, you have no idea what are you talking about.

IMHO, big banks will stay away from this business for a while. I'm sure at some point, they will get back into it.

IMO, if they decide to charge, it would be to access their website.

we use it for real work in our group.

ditch Matlab and get R for free.

Just heard of it now. Looked through to some of the videos. I like it.

NO school is going to "get" you a job so stop that line of thinking.

I will miss it this year. Have fun!!!

Even better, use VirtualBox (completely free) and any Linux flavor.

1) C++ is common but it's far from basic. It's not simple either. If you decide to learn C++, you should concentrate in learning a subset of it really really well. 2) You are asking the wrong question. If you are using Windows (all flavors are equally bad, some worse than others), you should...

exactly, to demonstrate that you can do the job. Now it's clear why you haven't been able to go forward.

what is PIII at Cambridge?

Probably the SUNY person because the other guys only did as good as the SUNY person. "If the other schools are so good, and only admit really good students, I would expect those really good students to be superstars."

I'm extremely picky when it comes to fonts and coding. The one I like is called Proggy Clean (http://www.proggyfonts.com/) there is also Proggy Clean Slashed Zero. I also use Monaco and one of the BitStream. However, Proggy is the best for my taste.

GS is not to blame. Change GS by some other firm (ie, MS, JPM, etc, etc) and they would've done the exact same thing.

I don't think you will understand much if you don't know probabilities... maybe I'm wrong

If they are batch mates, shouldn't they be able to get you an interview if an opening shows up?

When you mentioned people of the same caliber, what do you mean? Friends that went with you to school? colleagues? Are they part of your network? Why don't you ask them to try to get you in? You should only need an interview to prove your value, right? BTW, bitching won't get you anywhere.

As far as I know, there isn't any advantage.

You must be blind then. Somehow the students at Baruch MFE have found employment.

based on what criteria?

Student for life? Van Wilder?

why do you want to change? Why are you so bent on going to an "Ivy League School"?

stay as a PhD while you look for a Job. Try to concentrate your PhD in DSP. You will be golden... but don't half *** your studies.

why not? could you explain?

this is the "bible" (or used to be).

are you looking for commercial or free? check TradeStation, OpenQuant and Amibroker. Even better, buy one issue of "Technical Analysis for Stocks and Commodities". You will find different systems there with their own languages.

Let me add something to this. If you are programming in C++, I will recommend you to NEVER use managed C++ and to stay far far away from the .Net API if possible.

you are mad at yourself, right?

No. They won't compensate.

I have master degrees from NYU and Baruch. I can tell you their diplomas just say Master Science. That's it.

... or you can say M. Eng in FE from Cornell. You are talking about semantics that are not going to influence anything.

WTH is an "admissions consultant"?

check this link https://www.quantnet.com/threads/internship-help.4404/ That might help. This is not helpful at all. Math major with a 4.0 GPA only shows you are very good at studying and were able to do well in the exams, nothing else. You need to be an ace at something that people want...

You are probably not in the US or you have never paid health insurance from your own pocket. $1100 per month might be the lower end of a health insurance plan for individual persons. If you have more people, you will pay less per person but higher total figure as a family. This is if you go to...

This is "THE BOOK" for artificial intelligence in Academia. Peter Norvig is quite recognized in this field. Check his website. It's great!!!

and what is your experience? I probably agree with your but I'd like to know your experience in this field to weight your opinion.

IMHO, Sales + ??? = Sales

Again, IMHO, this MBA+CFA is just a gimmick. The school is not going to give you a CFA certification when you graduate. where are you from? what do you do? I can probably try to explain it in something more familiar to you.

CFA is not a degree, it's a professional certification. You don't need to school to get one.

this is an interesting topic. You have an MFE type of degree, correct? If you don't mind, from which school? It seems that your current degree didn't improve your life as much as you wanted so you want to get an MBA or CFA now, correct? Does your company sponsors the CFA as well?

how much are you paying for doing this work? Connor, I think this guy owes you money.

Actually, I disagree with that. Economics is the only issue. Voters worry about everything else only after economic issues are taken care of.

I was 33 when I did my MFE. So age is not a big deal.

Ilya, I was sympatethic up to a point when I heard the story for the first time... like 2 years ago. Fast forward to the present, I'm really tired of listening to the same BS. Two years, TWO YEARS HEARING THE SAME THING OVER AND OVER AGAIN! Don't you think you should've done something...

Ok, I might be wrong. If you don't mind to answer, how old are you? I still think the job might be the fastest route. However, you shouldn't have any problem applying to an MFE program.

this sounds really nice but it's very clear that you are looking for the money. So, now that we made clear, you might not get to do programming, math and finance. It all depends on a lot of variables. Have you tried to get a job without the MFE? It sounds you think you are very...

don't turn off IE6... that's the only way I able to read QN from work (via Bloomberg). QN is blocked by the the IT group in my company. ---------- Post added at 12:43 AM ---------- Previous post was at 12:41 AM ---------- why? why did you go backwards?

how many people have graduated in the US in the last couple of years? Are all of them in your same situation? Somehow, I doubt it. So, don't blame some organization that decided to give money to the education of others. IMHO, you are looking for an easy way out of your problems. I know it is...

Nobody forced you to go to college or take a loan. That was your own decision so, now you need to man up and take responsibility. Regarding the major, what makes you better than the kid that decided to study communications/sociology, etc? You haven't proved that you are any better than then or...

search the site. This type of question has been asked multiple times before.

I think you will be served better with an MBA rather than a second bachelors

you should post how to do it in R.

BTW, who is paying the bill for a second bachelors? I hope you are not getting in debt just for that.

They are not lying. They submitted a survey and some people responded. they are not sugar coating anything. It is what it is and they can't do anything about it. I think they should've mentioned how many inquiries they sent and how many responses they got. Even in that case, you can't assume...

what does it mean "you are seeking a quantitative modeling, model validation position in the banking/finance industry"? your undergrad GPA at this point is meaningless. Nobody will care about your undergrad GPA from 7 years ago. I wouldn't even mention it on a resume unless they ask you for it...

if you have already a computer science bachelor, why don't you try to get into an MBA program? Doing another bachelor's degree seems kind of a waste of time from my point of view.

we never ask for experience with R when looking for candidates. I think the prop desk does the same thing. R can be picked up if you know the math and know how to code. Most of the people using R in finance subscribe to the R Finance mailing list. They also interact in the R Finance conferences.

I would say that the math involved in algo trading is very minimal in comparison with the math you might apply in the insurance industry.

so, which are bad the ones?

AFAIK, TS is NOT widely used in big institutions.

why don't you try to get a job while you keep looking for a job that gets you "quantitative/trading/analytical/modeling experience" (not your dream job)? I think I have written similar responses to your posts in the past.

What is your definition of large HF?

Computer graphics as in games? if you think competition in Finance is fierce, in computer graphics for games is even worse.

I have only one question since it seems you are already in Finance. How a MFE degree will facilitate your move to trading/business side? I would've thought that in 4 and a half year you would've created good connection with your peers and managers such that a move like the one you want to make...

I would say yes if Dominic gives me a cut. Otherwise, do one (CQF) or the other (MFE)

The best poker face is the face of "Jesus".

IMHO, this is all hogwash. Basically, the party animals are way smarter than the average populetion. The same would apply for people who work until late at night (i.e. bouncers at clubs, artists, etc) since they force themselve to stay up.

how many people play the lottery? why do they play? how many win? similar logic applies. There is really no ideal candidate. Everybody is different and bring something else new to the table.

BTW, the rewards make the job totally worthy.

imagine you lose a lot of money on a trade, or you really screw up at work. If you have the same sinking feeling, get really nervous and stressed out, I would re-evaluate the choice of career. You should learn how to deal with all that before getting into the lion's den.

(2) it's not as big of a problem as you are implying Age is not an issue either. It all depends on how good you are and how willing are you to learn.

i don't know but they probably perform as well as before.

I'm really sorry for you then.

There is another solution. Ditch Excel and C# altogether. You shouldn't be dealing with COM. it's one of the worst things created by Microsoft.

the class is intensive and it's very good but you need to put the time to do the pre-reqs. That will be the launching pad. If you have a blank stare while going through the pre-req, it only means you will have to work harder.

don't use Excel

Where did you do your MFE? Where did you do your PhD?

Calling names is hardly a way to strengthen your point. BTW, maybe I'm naive too but the name of the school you are coming from hardly means anything with the people I know and work with in this field... and that is not a small sample. All interviews come down to: - Does he/she know it or...

Don't waste time doing an extra degree, you can hit the street with your PhD.

I have used it for a long time (I think since inception). I think it's a great service!!! We end up buying almost everything in Amazon. BTW, you can share your Prime Membership with four people so, if you are not a student, you can probably get together and take advantage.

BTW, I met Eric Rosenfeld once. Very nice and down to earth person.

If we follow the book "When genius failed", the main players were Victor Haghani and Larry Hilibrand.

I only see 3 people listed and 2 of then, while famous, seemed to have been just figureheads at LTCM. Where are the rest, the real brains of the fund? That's what should be really interesting to find out.

as long as you backup what you need and the laptop does what you need it to do, you are going to be fine.

you want to do a PhD and then jump? Do it in Physics.

You haven't seen fuzzy. Wait until you see Stochastic Calculus and Measure Theory.

I don't have an iphone and I don't plan to have one anytime soon.

You are implicitly judging people when you post something like this. Let them be. The fact that you decided to post your opinion, it means that you do. Whatever is important to you, might not be important for somebody else.

you mean 0.4, right?

the only issue is MATLAB is not cheap, far from it.

we are using it. It is widely used in the industry. There is even an annual conference about R in Finance in Chicago. Check REvolution Computing for a company that has a business around R.

nothing is going to be more reliable that you doing it... unless you want to "trust" somebody else.

you need to explain yourself a little better but if you are talking about correlation among different pairs of stock in the statistical sense, you can calculate it yourself.

Good for you. Some people don't see that way. They want the new toy. Necessity is in the eye of the beholder. We are living in a society where there is a choice to do whatever you want. If some people want to have one iphone, one BB, an iPad and whatever else, good for them!! as long as they...

I have the book but I haven't had the time to go through it. It seems informative.

You are correct. Real time programming is seen more often at the device/appliance level like low level microcontroller design and developing. Every body that works at the hardware level is really familiar with this. I don't know about current books. I haven't dealt with this in a really long...

that article looked like an infommercial for LBS. Half of article is dedicated to it.

How do you know that? Did you attend the program? have you spoken with people currently in the program or alumni? Is this just your opinion? From the reviews in QN, it seems that program is in some sort of turmoil and the reviewers have not been kind to it.

Maybe, but that post was three years ago. It looks like you just landed here.

use the one you feel most comfortable with. There are plenty. If you check Wikipedia for C++ compilers, you will get a pretty comprehensive list: http://en.wikipedia.org/wiki/List_of_compilers

best C++ compiler or best IDE to code in C++? When you say best, what exactly are you looking for?

there is an alumni that graduated from West Point, Roger. He should be able to give you a more guided opinion. Hopefully he comes online and answer.

neither you nor me were there and, from my experience, if you are not calling the shots (and it seems he wasn't), you are at the mercy of others.

proof of what? Read the book "When Genius Failed" so you learn a bit of what went on there. Also, you were not there so you pretty much know nothing of this guy involvement.

as usual, you really have no clue what you are talking about

http://www.businessinsider.com/how-to-watch-all-the-world-cup-games-for-free-2010-6

I'm sorry but that statement is meaningless. The fact that economy is in bad shape has nothing to do with some students getting certain type of position. Also, the overall competition of Quant roles has no effect. it is totally possible this batch of students are very good and happen to get...

Why? any specific reason?

what they do is really irrelevant because you could end up doing anything once you are at the job. From the name you can only get a general idea but nothing else.

How does the bank know/ensure you are going to pay once you take an "oversea" loan?

I'm concerned that you think you are going to be over your head. Lack of confidence is not a good sign in this field.

get a magic jack and send it to India. Then have India call you.

The match prediction is pretty much crap because they use some goal production/defense based on results from group play. England scored really high because the scored a lot of goals in group play classification.

Who is giving you the choice to learn SAP?

putting business logic on your database layer is a short path to disaster

For this, you are mostly on your own. That's what helps separate men from boys if you know what I mean.

My undergrad school was not even in the USNEWS rank... and I did part of my undergrad in another country that used to be known for their educational system but I don't think that influenced the decision.

why only indian students? Isn't the advice of other international students good enough?

IMHO, no, it doesn't hurt. Take it from somebody who went to an unknown undergrad school and already graduated from MFE. So, I went through the process. Also, I have seen a lot of students coming to our program from a lot of different backgrounds. Make sure you well in your GRE and that you...

talk to people in those programs or alumni. They know better than anybody looking from the outside.

He is teaching that in exchange of work. It's not really attached to any academic institution. OTOH, he is teaching a proper class at Baruch next Spring. That's totally different.

Veron is ready to sign for AARP.

never had problem on Ubuntu 9.04. I know I should upgrade. You didn't get the joke regarding Vim or Emacs. You are probably too young.

Dunga picked a team in his image, hard workers that play with a team mentality, counter attack style. what you mentioned has always been the big dilemma in Brazil. I have been following world cup soccer since 1982 when one of the best Brazilian teams went (Zico, Socrates and the like). They...

i have used Netbeans as main tool in iReport and I haven't hit any bugs. The same apply to C++ in Linux. Maybe I haven't used whatever feature causes the problem. This only applies to Netbeans 6.8 in Ubuntu. Vim and Emacs? I think you mean Vim OR emacs. Usually you are one or the other.

there is no single resource. You will have to go through all of them.

if you don't want Visual Studio, get a copy of NetBeans with the C++ plug-in. I have used it and it's pretty good.

any team can win the world cup. After the classification round, it's single game elimination so, all bets are off. It always comes down to who makes the least mistakes. That's why defense tends to win championships.

I rarely agree with Ilya... but this is histerical!!!

Ah... the odds favorite is Spain and their team is impressive. Hopefully they don't crap on their pants as they usually do. Germany is really young and lost Ballack. I wish I could say something good about them but, IMHO, they are too inexperienced. Brazil is going to play a different style...