Even without stepping foot on a trading floor, it’s possible to gauge just how important a sophisticated mathematical understanding of risk management has become.
The cream of people with maths and physics PhDs now often opt to work on derivatives desks, rather than take a position at an elite research lab. And where a decade ago there were few quantitative finance graduate programmes, there are now scores, all scrambling to provide enough places to satisfy demand.
Modelling developments have cont
The week on Risk.net, July 7-13, 2018Receive this by email