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I agree with the general tenor in this thread, but I do also think that more and more fields will become more quant-ish. Any business where real option valuation for instances is relevant might at some stage consider modelling their optionality. Energy is a good example of this which is quite "young" relative to finance/ banking quant analytics and has its own very interesting modelling problems.Quite a few treasuries of big corporations hire quants, in particular when it comes to their business exposures in currency. I also believe that earnings at risk for instances will become more relevant. Thus far it's mainly used in energy, but its (business) areas of application are much wider than that IMHO. It's an easy to understand concept for non-quants and a good tool for budgeting. So I do see potential demand coming from main street at some stage.So yes, the demand from the finance sector may be getting tight. On another note though, as of this year a lot of quants I know have no problems getting interviews and (admittedly) fewer end up getting offers.
I agree with the general tenor in this thread, but I do also think that more and more fields will become more quant-ish. Any business where real option valuation for instances is relevant might at some stage consider modelling their optionality. Energy is a good example of this which is quite "young" relative to finance/ banking quant analytics and has its own very interesting modelling problems.
Quite a few treasuries of big corporations hire quants, in particular when it comes to their business exposures in currency. I also believe that earnings at risk for instances will become more relevant. Thus far it's mainly used in energy, but its (business) areas of application are much wider than that IMHO. It's an easy to understand concept for non-quants and a good tool for budgeting. So I do see potential demand coming from main street at some stage.
So yes, the demand from the finance sector may be getting tight. On another note though, as of this year a lot of quants I know have no problems getting interviews and (admittedly) fewer end up getting offers.
