s*****e
发帖数: 21415 | 1 要是账户100k+，一台显示器也就是几个钟头的PnL而已。
一般开户还需要综合比较，不能捡了芝麻丢了西瓜 |
|
s*****e
发帖数: 21415 | 2 你就别损我了。实在是没有时间无法旅游。
你们在四处闲游，大峡谷阿拉斯加的时候，我在floor上绞尽脑汁，狂改code，
调这调那。。。。
你们圣诞节旅游的时候，说不定我正在看着PnL Screen脸色铁青，考虑怎么换
工作找下家。。。。。
呵呵。。。 说起来，人和人的命运不同，都是运气呀。。。 |
|
a*********a
发帖数: 3656 | 3 那个图里的金融业平均，显然包括了Executives. 象07年Goldman 人均600k。但是CEO
一个人好像就有60M+。平均根本没有什么意义。算中位，我估计200k都不到。那么多后
台的，analysts 摆在那里。
我们这些打工的，没有自己的PNL，挣不了多少。反正我在IB里干的那几年，桌子矿工
，从来没有高于平均数的。 |
|
d********f
发帖数: 43471 | 4 【 以下文字转载自 Quant 讨论区 】
发信人: niubee (资深街霸卧槽立马勒戈壁), 信区: Quant
标 题: 华尔街投行的趋势以及留学生的对策
发信站: BBS 未名空间站 (Thu Oct 18 02:03:28 2012, 美东)
华尔街投行经过这一轮整顿之后，都要开始狂招新鲜人了。
investment banking division, 又称IBD，是投行最风光的部门，会见客户，走访客户
公司，分析财务报表，制定上市策略，直到引领公司上市，当deal成交签字和客户总裁
握手的时候，当NYSE楼外面挂出新上市公司的大旗的时候，当NYSE的钟为你敲响的时候
，一切的辛苦都值了。收入当然相当丰厚，第一年大概30万左右，三年如果做得好，一
单deal能分到几百万的提成。招收对象是finance本科或者硕士，mba，尤其是招收中国
留学生，因为国内经济的迅猛发展，想来美国上市的公司极多。单子做到手软。现在很
多小留学生都过来读本科或者硕士金融经济专业，非常适合这条职业道路，而且回报相
当丰厚。
prop trading，一直是投行的印钞机，当一个自营交易操盘手，是每一... 阅读全帖 |
|
d********f
发帖数: 43471 | 5 【 以下文字转载自 Quant 讨论区 】
发信人: drunknife (醉刀), 信区: Quant
标 题: niubee贴解读
发信站: BBS 未名空间站 (Fri Oct 19 14:31:04 2012, 美东)
华尔街投行经过这一轮整顿之后，都要开始狂招新鲜人了。
IBD, 又称Idiot Bitch Dick，是投行最风光的部门，会见idiots，走访bitches，分析
dicks，直到引领公司上市，当deal成交签字和客户总裁
握手的时候，当NYSE楼外面挂出新上市公司的大旗的时候，当NYSE的钟为你敲响的时候
，一切的辛苦都值了。收入当然相当丰厚，第一年大概3万左右，30年如果做得好，一
单deal能分到几万rmb的提成。招收对象是finance本科或者硕士，mba，或者是东亚文
化研究专业的，尤其是招收孔子学院的留学生，因为国内经济的迅猛发展，想来美国上
市的公司极多。单子做到蛋疼。现在很多小留学生都过来读本科或者硕士东亚研究专业
，非常适合这条职业道路，而且回报相
当丰厚。
prop trading，简称PT，亦称prick tickling，一直是投行的... 阅读全帖 |
|
|
D*******y
发帖数: 4252 | 7 科学家英语真的很好，羡慕一下，以后大家叫贫农老师pnls把 |
|
a*********a
发帖数: 3656 | 8 retail arms and institutional/internal trading arms in a bank have totally
different mentality.
I never worked retail. but I have good confidence it is fine if a quarter
million retail customers cannot log in and see their credit card balance.
the bank looses no money when that happens as long as it does not happen
every day.
retail brokerage has lower tolerance but it is still perfectly fine if a
retail customer had to wait for a few seconds to fill a stock order. again,
the bank looses nothing... 阅读全帖 |
|
b*******s
发帖数: 5216 | 9 除了新毕业的和想混日子的，还是精品小公司给pnl cut的好 |
|
B********e
发帖数: 312 | 10 Post for a Hong Kong publicly traded Oil and Gas Company. Prefer at least
green card holder but can sponsor H1B if hired.
Please reply to me and send me your resume and I will foward on.
1. Title: GL and Stock control accountant
Company profile:
XXX Petroleum Group is one of the largest private petrochemicals companies
in China. We are a fast growing group specialized in petroleum products
including storage and terminals, wholesale, oil and gas exploration, marine
bunkering and international tra... 阅读全帖 |
|
k****4
发帖数: 144 | 11 This is not typical accounting position. Most of time the responsiblities
are cash reconciliation, position reconciliation, PnL reconiliation,
corporate action recording, NAV calculation, fee calcuation..... |
|
s********n
发帖数: 502 | 12 为毛fund accounting要加那么多班? 是在HF吗? 我看到的是朝9晚6啊, nightly PnL
and daily closing 归opearation做. 算算NAV,fees,没见什么需要加班的.
accounting了 |
|
s********n
发帖数: 502 | 13 为毛fund accounting要加那么多班? 是在HF吗? 我看到的是朝9晚6啊, nightly PnL
and daily closing 归opearation做. 算算NAV,fees,没见什么需要加班的.
accounting了 |
|
|
n********e
发帖数: 272 | 15 not related,找equity analyst还行
找trader要拿自己的交易记录和PnL说话， |
|
|
|
b******3
发帖数: 377 | 18 http://www.ncbi.nlm.nih.gov/pubmed/15990265
J Pharm Biomed Anal. 2005 Sep 15;39(3-4):830-6.
A study of spectral integration and normalization in NMR-based metabonomic
analyses.
Webb-Robertson BJ, Lowry DF, Jarman KH, Harbo SJ, Meng QR, Fuciarelli AF,
Pounds JG, Lee KM.
Pacific Northwest National Laboratory, P.O. Box 999, K7-90, Richland, WA
99352, USA. b**********************[email protected]
b*********[email protected] |
|
j******7
发帖数: 137 | 19 https://erecruit.pnl.gov/psp/hrext/EMPLOYEE/HRMS/c/HRS_HRAM.HRS_CE.GBL
Position 1
Job Title:
Post Doctorate RA - Chemical Physics
Job ID:
300312
Location:
PNNL - Richland, WA
Return to Previous Page
Organization and Job ID
Job ID: 300312
Directorate: Fundamental & Computational Sciences
Group: Chemical Physics & Analysis
.
Job Description
This position is in the area of dynamics and kinetics of th... 阅读全帖 |
|
l******g
发帖数: 163 | 20 Wiley Postdoc Fellowship Open
Applications are being accepted for EMSL's William Wiley Postdoctoral
Fellowship through Nov. 30, 2011. The fellowship was established to attract
high-performing, newly graduated junior PhD scientists who have the
potential to become full-time scientific staff at EMSL. The fellowship lasts
for at least one year and carries a salary of $70,000 a year. It is an
opportunity for a postdoc to collaborate with EMSL scientists in a research
area that aligns with EMSL's sci... 阅读全帖 |
|
l*******G
发帖数: 1191 | 21 http://www.pnl.gov/atmospheric/jobs.stm
118437 Post Doctorate RA B - Cloud-Aerosol Modeler 04/15/10
117538 Atmospheric Scientist - Regional Climate Modeling (Level 2/3) 04/
16/10
118097 Computer Modeler/Analyst, Scientist (Level 2/3) 04/16/10
118101 Scientist - Climate Physics (Level 2/3) 04/16/10
118373 Gas Phase Laboratory & Field Measurement Scientist (Level 3/4) 04
/30/10
118376 Weather Research & Forecasting Modeler (Scientist, Level 2/3) 04/
30/10
117697 Post Docto |
|
|
s**a
发帖数: 178 | 23 Company: Bulge Braket Global Investment Bank
Position: Analyst, Junior Desk Strategist
Division: Equities Division
Description:
We are looking for junior strategist who will work with the desk to develop
and apply analytical tools and techniques to further optimize desk revenues.
Principal Responsibilities:
-Help develop and roll out pricing, risk and PnL tools for the Desk
-Provide analytical techniques and tools for optimising rates on client and
lender portfolios
-Developing any additional re |
|
s**a
发帖数: 178 | 24 Company: Bulge Bracket Global Investment Bank
Loc: Beijing, China
Position: Trader
Title: Associate-VP
Description:
The firm is looking for mandarin-speaking traders with excellent trackrecord
/PnL to join its Beijing office. Cross asset class (FX, Fixed Income, Local
Currency, Structured Products). The roles will sit in Tokyo for 6-12 months
initially and then move to Beijing when the firm receives its local license.
Aggressively looking for returnees from London and New York.
***************** |
|
s**a
发帖数: 178 | 25 不全对, sell-side是做产品卖给客户, 包括sales/structuring/sales trading/
syndicate等等. pricing只是里面的一部分(产品做出来以后定价 才能卖出去)
buy-side买这些产品然后根据不同的strat和需求靠hedging和trading between
mispriced securities来赚钱的,银行里面的dealer desk算sell-side, 而proprietary
trading 's desk/principal investment(backed by the bank's own balance sheet
)/internal hedge funds(GSAM/CSAM/BSAM)都是buy-side
通常来讲 sell side学的是产品, buy side学的是trading strategy.而且因为sell
side人多, 往往会好进一些. 最终大部分人还是想去buy side,可以有自己的book和pnl
, take positions, 而buy side往往bonus(percent |
|
l***n
发帖数: 812 | 26 呵呵，介绍的真清楚
不过有一些sell-side的词能不能更深入的介绍一下啊
sales trading structuring syndicate什么的
我对sell side 的东西还不是很了解
proprietary
sheet
pnl |
|
|
s**a
发帖数: 178 | 28 profit&loss (pnl, p&l)
lol
还有别的问题,那就用magic google吧 |
|
l***n
发帖数: 812 | 29 追逐一个名字意义不是很大
大家做Quant，无非是可以满足自己发展的需要，此外收入也很丰厚
自己的技术也可以用的上，金融市场好的时候来做quant，IT时候好的
就去做IT了么，主要是看发展。
我还真不知道哪个公司用sas或者matlab算pnl，如果真有也算是够geek的了，呵呵
现在Quant那么难进主要也是想去的人太多了，而需求量本来就小
自然就要挑一挑了，这个版上真正在做Quant的有发言权，说说在公司里都做啥吧。
我觉得meat说的蛮靠谱的，很多东西就是边上班边学的。
就算Junior Quant拿得到1 mill，能拿到junior quant的又有几个呢。
脚踏实地一些好，上面有人问人家多的是什么：也许多的就是经验。
会解几个方程不是用来做投资的。投资最根本的还是要了解产业，商业模型，以及最商
务运作核心问题的认识。
最近听一个很成功的PE谈他的经验，就是要有Industry focus，他在IBM IT做了20年才
出来
做PE的。投资是需要看到一些别人没看到的东西，Quant是一种手段，但绝对不是目的。
我对技术的喜爱倒主要是由于其实用性，很多手工麻烦的活，用些小程序 |
|
l***n
发帖数: 812 | 30 看看金融市场的发展，就知道，
顺风顺水的时候是没人看风险的，
只有到了泡沫爆破之后，人们开始谈论风险，风险。
Bear Stern不是没有看到风险，只是在铤而走险罢了，
只是，冒险总有失败的时候，投资策略过于激进的结果。
但是，当前金融市场竞争激烈，投资不基金，每个季度的Pnl比别人低
客户流失，结果还是要死。市场上这种风气造就了其悲惨的结局。
接下来的事情呢，一个人死了，世界继续转。
收敛一些是会的，但是还是要竞争的啊，难道大家都投资index portfolio去么......
如果在金融市场里竞争，同时保证一个相对低风险是一个课题，而风险的评估太过主观。
倒是做sell side的各位，在创造一个新的金融产品的时候，正确地评估其风险（不仅仅
是金融产品市场以内的风险，还有之外的风险），从而正确定价，才是一个解决之道。
举个当前次级债的例子，CDO,MBS的确帮助一些sub-prime的购房者拿到了房贷，促进了
房地产市场的发展，blablabla......但是重要的问题在于，但是lender只是把风险传
递给了购买这些MBS的人，而谁会去关心别人的风险呢？当我的performa |
|
|
b***k
发帖数: 2673 | 32 ☆─────────────────────────────────────☆
aaliwei91 (aaliwei91) 于 (Sat Jul 12 04:15:26 2008) 提到:
1.sera说投行里70%的trader赔钱，那为什么还有quant想转trader呢,嫌钱太多吗？
2.QuantCareer那本书说1个trader+几个quant+几个developer=1个group，那么quant的
数目应该是trader的好几倍呀，为什么找工作还这么难？
3.还有一种说法是几百个trader才需要10个quant，到底哪个是真的呀？
偶小本一个，刚考完试，想了解一下这一行，请各位指教一下，谢谢。
☆─────────────────────────────────────☆
johnhull (Bible) 于 (Sat Jul 12 08:56:41 2008) 提到:
因为这个版上每个人都认为如果自己当trader,一定是明星trader,赚大钱的那种,一年
PnL几个B的那种。
trader的奖金数和他为公司赚的钱成比例，sell side大 |
|
s**a
发帖数: 178 | 33 [NYC]Top electronic trading firms
a few jr quants and/or developers. Candidates should have a top school
advanced degree, with equity trading experience, smart and self driven
[NYC]Start up hedge fund (backed by a 16bn fund)
star stat arb quant and high-freq C++ programmers
[CT]Quant hedge fund
quantitative portfolio managers with at least 2 yrs pnl as trackrecord, hi-
freq or mid freq
[HK]Top international bank
eq der quant/programmers with 2+ yrs experience supporting options/futures/
other eq |
|
g****3
发帖数: 49 | 34 做好ALGO（算法）后，连接platform API, 是不是还要写个GUI来控制什么时候停止程
序，并且要MONITOR MARK-TO-MARKET PNL。那BROKER给的PLATFORM岂不是没什么用了
吗？我这样理解对吗？
比如说，我在INTERACTIVE BROKER开个账户，自己用C#写了给程序，跟他们的API LINK后，开始交易,那TRADING PLATFORM 起什么作用呢？
谢谢。 |
|
s********7
发帖数: 52 | 35 当然不是保证赚钱
但是不是因为expected vol的问题。
你用option赌vol的最大特点是path dependent.
每2次delta hedge之间的PnL是0.5*$Gamma*(vol_realized^2-vol_imp^2)*T
如果某段t时刻，在你2次rebalance之间，realized比implied小，而此时刚好你的$
gamma又很大。而其他时刻虽然你realized比implied大，但是$gamma小，那么你到
maturity一算总的还是亏钱。
想消除这种path dependent的办法是用variance swap。这个比用option的好处就是和
股价无关。换而言之，不管是股价冲天还是股价暴跌，variance的$gamma都是constant
。实际上去年lehman破产，很多银行prop desk都long variance swap而不是去long
option来赌vol increase,就是这个道理。
hope it helps |
|
j******l
发帖数: 22 | 36 1st junior trader, usually analyst level, package is arond 80K, 65K base + 1
5K bonus
after 3 years, an analyst may got promoted to associated, base around 90K to
95K, 30K to 50K bonus.
If you are a rising star, you will get pormoted much quicked, and get more
moeny,If you are a normal market maker, you will get roughly 400K to 500K in
a good year for a say, 1st year VP.
after a couple of years, a VP usually has his own book, or at least share
book with somebody. then bonus is lined to your PNL. |
|
G*****3
发帖数: 71 | 37 Exactly. Sharpe ratio is the ratio between return and return volatility.
Margin doesnt matter, because capital will be canceled out in the formula.
In fact, you can just use your absolute PnL as return. |
|
t********a
发帖数: 810 | 38
no. this looks like good IT pay to me. even goldman core strats (which is a
better name for ITs) fresh grads get more than this. $200 ~ $250K is the
normal range.
no. this looks like reasonable IT pay to me, maybe how people at goldman
core strat get paid? it's normal for quants at this level to get $100+ base
and 200%+ bonus. $300K looks like lower bound to me, but the range is
definitely not decent.
It also depends on your role and contribution. Say if you have $15 PNL, and
the payout rate is |
|
V****u
发帖数: 73 | 39 For long dated, the "buffer" you mentioned is neglectable. In vol space it
is equivallent to a risk reversal and that is exactly what people do in
practice. The actual spread of the strikes for the R/R is in fact often very
wide.
When expiry is approaching the spread of this R/R has to be narrowed but the
P&L comes from the "buffer" is usually very little compared to the whole
PNL of the book. What really sucks is when the barrier is very close to the
spot on expiry. It is the digital risk that |
|
s****n
发帖数: 700 | 40 你的系统要是能赚钱， 那还不如自己开公司和别人合作。别的公司出平台，出IT
support,你自己就上自己的trading porgram, pnl大家分好了。 |
|
a***r
发帖数: 594 | 41 no need to be so arrogant.
many traders take cuts on their PNL so it does depend on how much you make
for your company.
Only that a lot of people think they can trade, only few really do. |
|
f*******y
发帖数: 988 | 42 1 从来不知道BLOOMBERG要quant有啥用
2 主要搞KDB/Q的所谓QUANT其实就好比是药厂的统计数据分析员
3 同2
没一个和PM/CFA是一条路的
我看还是选2吧，看见PNL这个词了
说
making,
HF
CRM
infrastructure |
|
n******5
发帖数: 91 | 43 谢谢建议
这个bloomberg 是tradebook，做象ITG那种公司的业务，我感觉这种quant和primary
brokerage的algo execution的差不多，不是那种PDE作定价模型的quant，更多是
econometrics
kdb/q确实很多是那样，不过cantor其实主要是用matlab分析，c++/q实现作实时系统，
有专门负责数据库的人。3感觉确实就是统计分析员
我也觉得就只有PnL可以往PM靠，可是我这种背景的人似乎基本没有直接作fundamental
analyst的机会。
这个cantor似乎只有fixed income强点，会不会公司太没有名气，以后换工作、回国发
展不方便？ |
|
n******5
发帖数: 91 | 44 如果2现在有8-9个人，年PnL只在2M左右，号称一年后达到5M，是否规模太小不靠谱？ |
|
n******5
发帖数: 91 | 45 呵呵，我是说相对于这个人数来说，pnl似乎很少 |
|
J*****n
发帖数: 4859 | 46
你是怎么投的？
有两家IV Capital，有联系方式的那家，我上个月骚扰过一回，第二天给我回信如下
Our policy is to interview candidates only if they can present data on
trading strategies they have developed.
The data can be actual historical performance or simulated performance.
Such data should include daily pnl and volume traded and book size (max and
average intraday and overnight) .
We look for annual Sharpe ratio>7.
If you are in a position to present such data, please let us know and we
will advise you how to proceed.
With kind rega |
|
s******e
发帖数: 696 | 47 可能可以去一个fund做这个。他们说他们基本上是trend following.
我想问下这个area 做quant如果comp和pnl挂钩，是不很难挣钱？career往这个方向走
有前途吗？
干几年后还可以找到什么工作？ |
|
G*****3
发帖数: 71 | 48 Prop trading company pays good base salary (around 100k USD) as well, even
for junior guys.
Sharpe ratio requirement depends on what strategy and business you are in.
Intra day, hft and prop trading company normally need high sharpe like 4+.
Hedge fund employs strategy with sharpe like around 2 if the capacity is big
. For example, there is a discretionary guy in my previous company has a
sharpe of 10, but his pnl is 1.5 million a year at most. There are also guys
I met works on CTA style trent |
|
f****s
发帖数: 315 | 49 20% on PnL 对于有book的算标准吗？有那到40%+的吗？ |
|
|
