Quants head for the shop floor
Demand for technical skills is growing, but roles have changed – and some schools are not keeping up
This article is the second in a series looking at the future of the quantitative finance profession, as part of Risk’s 30th anniversary coverage. An accompanying opinion piece from UBS’s Gordon Lee can be found here. Risk’s inaugural guide to the world’s leading quantitative finance master’s programmes is available here.
In the old days, there were banks and there were quants. The banks were making a fortune trading complex derivatives, and the quants were there to show them how.
The banks are
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