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  #1  
Old 03-28-2006, 11:53 PM
keepmeok2 keepmeok2 is offline
 
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Default QUANT VS ACTUARY

can an actuary handle what a quant normally do?
It seems to me that they are pretty much the same .....

I mean they do the modelling
What do you think?

Last edited by keepmeok2; 03-29-2006 at 12:00 AM..
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  #2  
Old 03-29-2006, 12:02 AM
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QUANT VS ACTUARY
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  #3  
Old 03-29-2006, 12:50 AM
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Quote:
Originally Posted by keepmeok2
can an actuary handle what a quant normally do?
It seems to me that they are pretty much the same .....

I mean they do the modelling
What do you think?
what is a QUANT? What degree is it?
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  #4  
Old 03-29-2006, 03:21 AM
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Quote:
Originally Posted by WantToBeAnActuary
what is a QUANT? What degree is it?
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  #5  
Old 03-29-2006, 08:48 AM
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Quote:
Originally Posted by silverfox
QUANT VS ACTUARY
Yeah, but what if the Quant was Superman and the Actuary was Batman, then who would win?
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  #6  
Old 03-29-2006, 09:33 AM
DW Simpson DW Simpson is offline
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Quant, (kw˘nt) n. Slang:

Quote:
A quantitative analyst is a person who works in the financial markets developing mathematical models to assist the activities of traders and risk managers within banks and other large corporate institutions. Throughout the industry, such professionals are known as quants.

Historically quants often had a background in physics, usually at a PhD level. However the rapid growth of the derivatives industry and increasing sophistication in the use of stochastic calculus to model the markets, led to the creation of specialized Masters and PhD courses in mathematical finance. Recently a large proportion of new quants have completed these courses, often sponsored by private institutions.

Although the original "quants" were concerned with risk management and derivatives pricing, the meaning of the term has expanded over time to include those individuals involved in statistical arbitrage.

For an overview of the activities conducted by a quant see computational finance and derivative (finance).
Also see the thread entitled, "Physicist to Quant: Interview with Dr. Emanuel Derman": http://www.actuarialoutpost.com/actu...ghlight=derman
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  #7  
Old 03-29-2006, 09:36 AM
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Thanks, DWSW.

Now, don't you think that we actuaries also need a cool slang term? Maybe something prestigious?
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  #8  
Old 03-29-2006, 09:46 AM
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A co-worker's husband referred to her as a "digit head". Will that do?
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  #9  
Old 03-29-2006, 09:47 AM
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It seems from my (brief) internet research (thanks to google!), Quants: Need more education, get paid more, and work a HELL of a lot more hours than actuaries.

If you're willing to put in 12-15 hour days regularly, and collect a fat paycheck, it looks like it's a good gig.

I'd rather have something closer to 9 hours a day. With as few weekends as possible.
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  #10  
Old 03-29-2006, 09:48 AM
Fresh Grad Fresh Grad is offline
 
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I agree prestige is ultimately important. I suggest World High Overlords of Risk.

Last edited by Fresh Grad; 03-29-2006 at 09:53 AM..
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