"The age of the quant is coming to an end" - thoughts?

[Cody.Wan]

News, Analysis & Comment | Financial Services & Banking Sectors

Browse news and career advice from the financial services, investment banking, fintech industry. Get expert insight into what it's like to work in finance.

news.efinancialcareers.com

This article seems to be mainly talking about quant roles in banks, and claim that there will be less maths, and more programming, and less pay. Is this the trend?

 

[gaurav singh]

100% correct article. True to the core. The little or so quant work is being done by the consulting companies. Most of the work is commoditized/outsourced/canned. Quants are being sold dime a dozen.

About me: Over 7 years of diverse Software Engineering experience in Adtech, Fintech, HFT and Server Automation.

 

[PepeQuant]

100% true.

 

[gaurav singh]

Its true that the article narrowly focused on sell side. However, even in buy-side the stat-arb quants aren't making any money to justify the 2-20 rule. The money is mostly going into the index funds / etfs or simple fixed income funds.

 

[wchurch]

That was a very interesting article. The writer has mentioned something that needs to be looked into deep. That was bound to happen in my opinion.