Can I Be A Quant In My 40s?
There was a time when you chose a career in your teens and it was supposed to stick with you for a lifetime. The constant change in technology and introduction of new career fields not only demands us to be knowledgeable about the new skill set requirements but also opens multiple new opportunities for us.
Globalization has proved to be a boon for developing nations, providing a platform for MNCs to enter new markets and lay the structure for modern day infrastructure and offering new opportunities, this move was welcomed by the masses of the developing nations.
The introduction of algorithmic trading led to the rise of a new breed of traders who are not shy when it comes to adopting new means of technology to make automated trading possible for them.
Now, to answer the question if you can be a quant in your 40s and succeed in a new domain so late in your career, the answer is a big YES. You can definitely be a quant in your 40s provided you are loaded with the zeal for automated trading with the required set of skill sets.
Since a simple one word answer to this question isn’t sufficient enough to understand how this transition can happen, we decided to share the detailed journey of a 40-year-old Quant in the form of an interview.
The interview highlights the journey of a 40-year-old professional who decided to change the course of his career to pursue his passion for quantitative trading.CLICK TO TWEETHe started by joining a dedicated programme in Algorithmic trading offered by QuantInsti, “Executive Programme in Algorithmic Trading (EPATTM)”. EPAT™ is designed for professionals looking to grow in the field or planning to start their careers in Algorithmic and Quantitative trading. Hence, it was a good fit for our candidate here. Read on to know more about this interesting change in his career path.
Can you tell us something about yourself?
I have done my B.Sc. in Computer Science and have a total experience of 22+ years with most of the experience coming from database management and research. Besides other roles in my career, I was working for a leading investment bank as a database manager.
I have seen the industry move from the manual way of trading where a trader with good typing speed was preferred to the new age algo trading practice where statistical and analytical skills help you to get an edge in trading. Statistics and analytics always fascinated me and trading has been my hobby. Research on the application of statistics and analytics in trading led me to the discovery of algo trading. Though I have always been keen to specialize in Algo trading but the idea of shifting to a completely different field at this point in my career made me skeptical.
Since you mentioned there was some hesitation then why did you choose to get into Algorithmic Trading?
I did a lot of research on the scope of becoming a quant since shifting my career at this stage was a perilous decision for me but then I saw how good the veterans of quantitative trading were doing.
As luck would have it I came across QuantInstiTM, they provide remote as well as classroom style lectures on weekends which did not interrupt with my full-time job as a database manager. I read about the curriculum and the faculty which included experts from trading and quant domain, this gav….
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