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Reply to "How is every last kid going into Investment Banking?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My kid is surrounded by others who want to go into quant. His friends have $80k summer internship offers and he is at a top state school. Most of these job interviews need a deep understanding of math so he is studying 10+ hours a day for these interviews. I am curious to see where he lands. His cousin at Oxford and other one in India are all aiming for the same positions with quant funds across the globe. [/quote] My understanding is that you are either inclined to do well in these interview or you are not. Sure, you want to prepare to understand the types of questions they will ask, but you can't really "study" for the interviews. I asked my kid what is the profile of a kid that is hired by a quant firm and he mentioned one of his buddies who scored a 99 on his Discrete Math exams when the mean for the class was a 58 (and the next highest score after his 99 was a 78). That's why the math competition winners do so well, because those problems are all essentially brand new problems that they are asked to solve.[/quote] Since my son did not do competition math he had a lot of catching up to do. So far the studying seems to be paying off since he is in later rounds at a couple of these firms. [/quote]
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