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The Job of a DRW Quant Researcher
The job of a DRW Quant researcher requires a thorough understanding of quantitative research. It is also important to have hands-on experience in the field. DRW offers its interns a fully furnished apartment located close to the office. The firm also offers a variety of social events.
Quantitative research skills
Quantitative research skills are a critical part of a quantitative analyst’s job. These researchers must be able to identify problems and solve them. They must also be self-motivated and able to embrace failure as a learning opportunity. They should be able to share their methods and reasoning for the solutions they have discovered.
While some quant fund jobs require advanced math skills, most quantitative research jobs are accessible to undergrads. They usually require coding skills as opposed to advanced mathematics. While a degree in pure math or physics will help, it will be of limited benefit. However, a solid knowledge of computer science or statistics will help them in their job search.
While some questions will be related to quantitative finance, others will focus on a person’s ability to think through a quantitative problem. Having an excellent working knowledge of complex formulas is not necessary, but it is essential to be able to think logically and critically to solve problems.
Those with the right qualifications and experience can find work in many different fields. For example, many hedge funds employ “quants” for risk management and price modeling. While these jobs are quantitative, they are not the same as developing trading strategies. Some people with a Ph.D. in math or physics have worked as quant researchers at large banks. Others have gone on to pursue careers in equity research, which is a much more practical choice.
DRW quant researcher role
As an intern, you will be exposed to the dynamic worlds of trading and technology. Working on a small team, you will combine the disciplines of technology, research, and risk management to identify and capture the best trading strategies within a regulatory framework. Ultimately, you will present your findings to senior leadership at DRW.