Week #22:
Have you ever tried explaining to your friends or family what a quant is and does? This week we advice you to take a look at Investopedia, since they have a great and brief explanation in this article, written by Tristan Yates.
"As financial securities become increasingly complex, demand has grown steadily for people who not only understand the complex mathematical models that price these securities, but who are able enhance them to generate profits and reduce risk. These individuals are known as quantitative analysts, or simply "quants.""
Simply put, a quant understands and enhances mathematical models that prices securities, to generate more profit and reduce risk. A PhD is something to aim for, though not necessary. It just helps a lot more in your career!