Quant guide 2019: industry entrants face cultural ‘abyss’

Divide between industry and academia worries practitioners and professors

This article accompanies Risk.net’s updated guide to the world’s leading quantitative finance master’s programmes. The full guide and a ranking of the top 15 courses can be found here.

Quant finance master’s programmes are more popular than ever in number. But their proliferation belies a widely-held fear: namely, that a fundamental divide between academic theory and industry practice risks leaving graduates ill-prepared for the daily realities of working for a bank.

It’s not just industry

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Calibrating interest rate curves for a new era

Dmitry Pugachevsky, director of research at Quantifi, explores why building an accurate and robust interest rate curve has considerable implications for a broad range of financial operations – from setting benchmark rates to managing risk – and hinges on…

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