Kick-Off Meeting Tuesday, September 29, 2015

OUTLINE  Officer Board Introduction  About the Org  Events Planned  Speakers + Career Opportunities  Becoming a Quant

Officer Board  Brian Zhou  Co-President  James Kim  Co-President  Contact us if interested in leadership position

ABOUT SMF Goals: Connect and educate students with quantitative backgrounds who are interested in quantitative financial applications, specifically those interested in either academia or a potential career. list: Copy of Presentation will be posted to the group after Events: Speaker Events Company Info Sessions Admission Events (Grad. School) Trading Competition (?) Contact me: or

Speaker Events Past Professor Brown (Finance) – Momentum (tax-incentives) Professor Zhang (Statistics) – Concurrent Declines of Stock Returns Current Plans Professor Linderoth (I.E) – Portfolio Optimization Jonathan Welburn (PhD I.E, Co-Founder) – Eurozone Crisis Professor Brown (?) Any recommendations?

Financial Careers (Undergrad) Sales & Trading J.P. Morgan Citigroup Prop. Trading + High Frequency Trading Optiver Akuna Capital Belvedere Trading “Front Office” Positions (IB, AM, ER) Networking is KEY “Heard on the Street” – Book for Interviews (Personally have it)

Current Opportunities BuckyNet JPM, M.S., G.S. etc. Goldman Sachs Information Session Friday, October 2 nd, 2:00 PM in Grainger 1100 Akuna Capital (Union South, 9/30/15, 11:00 – 4:00) Intern + Full-Time (Trader + Developer) BlackEdge Capital (Union South, 9/30/15, 11:00 – 4:00) Intern Belvedare Trading Intern + Full-Time Join Google Group for info Be prepared for mental math tests for interview

Mathematical Finance (Grad. School) Mathematical Finance is also known as  Quantitative Finance  Financial Engineering  Financial Mathematics  Computational Finance

HISTORY  Came into existence in the 70’s  Was not an actual field until 90’s  Today, academic programs train specifically for MF  Used to be mostly PhDs in Math/Physics entering Finance  Quants have significantly changed the financial landscape

Mathematical Finance  Field has been growing exponentially (Risk & Gov. Regulation)  Growth in educational programs (Masters)  Berkeley was able to place 95% of it’s 2015 MFE Master’s class in full-time positions

WHAT DOES A QUANT DO? Use/make mathematical tools to model uncertainty in financial markets as well as price products such as options and derivatives Job Titles: Quantitative Analyst, Equity Derivatives Structurer, Model Validation, Portfolio Strategist, Credit and Portfolio Risk Manager

WHAT DOES IT TAKE TO BE A QUANT?  Expertise in math, finance, computer science, and statistics  Excellent at analyzing and solving problems  Enjoy a fast-paced and high pressure environment  Quants come from many different backgrounds  Not aimed at a typical M.B.A candidate

WHAT KIND OF TOOLS DO QUANTS UTILIZE? Math  Stochastic Calculus, Linear Algebra, Differential Equations (Partial), Numerical Analysis Stats  Probability Theory, Statistical Inference CS  C++, OOP, Artificial Intelligence, Data-Mining Operations Research  Stochastic Processes, Simulation, Optimization Finance & Econ  Investment Theory, Asset Pricing Theory, Derivative Securities, Fixed- Income, Econometrics

Types of Programs Masters (New York) Berkeley – Financial Engineering Columbia – Financial Engineering + Op. Research Carnegie Mellon – Computational Finance Baruch – Financial Engineering Cornell – Financial Engineering Etc. PhD Physics, Math, Engineering, CS

Resources James -> He is applying for these Reading List Liar’s Poker When Genius Failed More Money Than God How I Became a Quant The Big Short Nerds on Wall Street Recommendations?

Conclusion Events planned  Speaker Events  Company Info. Sessions  Admission Events  Trading Competition (TBD) Please join our list: and feel free to come talk to me about any concerns, recommendations, advice.