c*********u
发帖数: 361 | 1 网上Google了一下，貌似Strategies Group是assit sales/trading，属于Quant，然后
Core Strategies就是build model来support Strategies，也就是Developer，是不是
这样？ |
a***r
发帖数: 594 | 2 GS Strat group is an independent group. It has a few hundred strats, most of
whom are distributed to subgroups working with trading desks, sales, IB,
asset management.
In the core culture of strat group is the SLANG scripting language. It is
said to be the glue that keeps strats together even though they work across
a wide spectrum of businesses.
Core strats are charged to develope and maintain SLANG. And they are also in
charge of developing tools used by strats in multiple businesses, like a
g
【在 c*********u 的大作中提到】
: 网上Google了一下，貌似Strategies Group是assit sales/trading，属于Quant，然后
: Core Strategies就是build model来support Strategies，也就是Developer，是不是
: 这样？
|
c*********u
发帖数: 361 | 3 Thanks, very informative. They do mentioned SLANG. It seems their work invol
ves mostly testing and maintanence of the infrastructure. Not sure it will b
e counted as the revenue generating.
of
across
specific
【在 a***r 的大作中提到】
: GS Strat group is an independent group. It has a few hundred strats, most of
: whom are distributed to subgroups working with trading desks, sales, IB,
: asset management.
: In the core culture of strat group is the SLANG scripting language. It is
: said to be the glue that keeps strats together even though they work across
: a wide spectrum of businesses.
: Core strats are charged to develope and maintain SLANG. And they are also in
: charge of developing tools used by strats in multiple businesses, like a
: g
|
a***r
发帖数: 594 | 4 core belongs to revenue generating part of the firm because strats as a
group belongs to the revenue generating part of the firm.
devel and maintain of SLANG may not appear to be revenue generating. But one
needs to realize that every single strat, except the MDs and Partner MDs,
have at least one SLANG session open pretty much all day long working on his
/her projects.
When SLANG falls apart, it shuts off business activities. There s no
arguement that without core, there would be no strat group
【在 c*********u 的大作中提到】
: Thanks, very informative. They do mentioned SLANG. It seems their work invol
: ves mostly testing and maintanence of the infrastructure. Not sure it will b
: e counted as the revenue generating.
:
: of
: across
: specific
|
a***r
发帖数: 594 | 5 if you are interviewing with them, maybe you d find it helpful that a few
things I knew that core did back then:
1. SLANG and its IDE (secview, secgui ...)
2. distributed computing framework ( the API and underlying infrastructure
to utilize the firms CPU pool )
3. batch process distributor (the mighty PROCMON :)
4. slang table model. A java based proprietary spreadsheet application. the
end delivery tool for virtually all PNL and risk reports.
5. code quality control, test. When a desk strat w
【在 c*********u 的大作中提到】
: 网上Google了一下，貌似Strategies Group是assit sales/trading，属于Quant，然后
: Core Strategies就是build model来support Strategies，也就是Developer，是不是
: 这样？
|
c*********u
发帖数: 361 | 6 Thanks for your explanation, very helpful. I don't have any unrealistic expe
ctation about compensation. Just want to get a clear picture of the nature o
f the job. It seems like GS is using proprietary technologies as a means of
retention. People will end up using them most of the time and become uncompe
titive outside GS. BTW, where are you working now
one
his
they
【在 a***r 的大作中提到】
: core belongs to revenue generating part of the firm because strats as a
: group belongs to the revenue generating part of the firm.
: devel and maintain of SLANG may not appear to be revenue generating. But one
: needs to realize that every single strat, except the MDs and Partner MDs,
: have at least one SLANG session open pretty much all day long working on his
: /her projects.
: When SLANG falls apart, it shuts off business activities. There s no
: arguement that without core, there would be no strat group
|
c*********u
发帖数: 361 | 7 Thanks so much! Do I have to brush up for some quant interview stuff (even t
hough this is not a quant role)?
the
a
【在 a***r 的大作中提到】
: if you are interviewing with them, maybe you d find it helpful that a few
: things I knew that core did back then:
: 1. SLANG and its IDE (secview, secgui ...)
: 2. distributed computing framework ( the API and underlying infrastructure
: to utilize the firms CPU pool )
: 3. batch process distributor (the mighty PROCMON :)
: 4. slang table model. A java based proprietary spreadsheet application. the
: end delivery tool for virtually all PNL and risk reports.
: 5. code quality control, test. When a desk strat w
|
d*j
发帖数: 13780 | 8 这个也算是 quant role 了
拿个组就是编程序， 变好了以后， 别的组用来run 算 sensitivity 之类的
t
【在 c*********u 的大作中提到】
: Thanks so much! Do I have to brush up for some quant interview stuff (even t
: hough this is not a quant role)?
:
: the
: a
|
c*********u
发帖数: 361 | 9 那我就死了:(光问我编程还行
【在 d*j 的大作中提到】
: 这个也算是 quant role 了
: 拿个组就是编程序， 变好了以后， 别的组用来run 算 sensitivity 之类的
:
: t
|
a***r
发帖数: 594 | 10 it is not important where I work now. suffice to say, I worked at GS as a
desk strat years ago and had interactions with core.
as for quant stuff. you need to prepare to be asked about any thing in your
resume, likely to some good depth. You ll find PHDs in all kinds of fields
among you interviewers.
from you posts, I assume you understand (not just know) programming in C++ and algorithms, maybe even some numerical computation.
knowing black scholes is probably desirable, to the extend to knowin
【在 c*********u 的大作中提到】
: Thanks for your explanation, very helpful. I don't have any unrealistic expe
: ctation about compensation. Just want to get a clear picture of the nature o
: f the job. It seems like GS is using proprietary technologies as a means of
: retention. People will end up using them most of the time and become uncompe
: titive outside GS. BTW, where are you working now
:
: one
: his
: they
|
|
|
a***r
发帖数: 594 | 11 strats are not quants. strats are smart quant oriented people that help the biz manage risk and make more money.
if that means developing the most sophiscated model for certain instruments,
strats will do it.
if that means rounding to 3rd place instead of 2nd in some spread sheet, a
strat will get it done too.
【在 d*j 的大作中提到】
: 这个也算是 quant role 了
: 拿个组就是编程序， 变好了以后， 别的组用来run 算 sensitivity 之类的
:
: t
|
d*j
发帖数: 13780 | 12 ... 谢谢大牛指点
那怎么样算是 quant？
the biz manage risk and make more money.
instruments,
【在 a***r 的大作中提到】
: strats are not quants. strats are smart quant oriented people that help the biz manage risk and make more money.
: if that means developing the most sophiscated model for certain instruments,
: strats will do it.
: if that means rounding to 3rd place instead of 2nd in some spread sheet, a
: strat will get it done too.
|
a***r
发帖数: 594 | 13 I m not big niu, I don't even work at GS now. but it was a group of very
smart and hard working people.
I was just eluding to some ideas floating on this board and other forums
that quants are derivative or statistics wizards pondering on only
mathematical models.
in reality, the type of work I did there were more like: market is jittering, can we run scenarios where spreads widen 5,10, 20% and reprice our book
and redo the deltas. so traders could have some ideas what their risk would
be and re
【在 d*j 的大作中提到】
: ... 谢谢大牛指点
: 那怎么样算是 quant？
:
: the biz manage risk and make more money.
: instruments,
|
x**y
发帖数: 10012 | 14 risk management...
ic
我干过一样的活。。。
fix income。。。
jittering, can we run scenarios where spreads widen 5,10, 20% and reprice
our book
would
【在 a***r 的大作中提到】
: I m not big niu, I don't even work at GS now. but it was a group of very
: smart and hard working people.
: I was just eluding to some ideas floating on this board and other forums
: that quants are derivative or statistics wizards pondering on only
: mathematical models.
: in reality, the type of work I did there were more like: market is jittering, can we run scenarios where spreads widen 5,10, 20% and reprice our book
: and redo the deltas. so traders could have some ideas what their risk would
: be and re
|
d*j
发帖数: 13780 | 15 再次感谢啊， 看起来和我要做的差不多
jittering, can we run scenarios where spreads widen 5,10, 20% and reprice
our book
would
【在 a***r 的大作中提到】
: I m not big niu, I don't even work at GS now. but it was a group of very
: smart and hard working people.
: I was just eluding to some ideas floating on this board and other forums
: that quants are derivative or statistics wizards pondering on only
: mathematical models.
: in reality, the type of work I did there were more like: market is jittering, can we run scenarios where spreads widen 5,10, 20% and reprice our book
: and redo the deltas. so traders could have some ideas what their risk would
: be and re
|
