Hey I'm in the first year of career and still trying to decide if I like SWE or quantitative finance better.
Was wondering about the general career trajectory at quant firms vs tech (TC growth, WLB in 5/10 years), how interesting the work is (tweaking model heuristics all day might not be the most exciting work), and how are the people in quant jobs (sometimes co-workers could be a bit boring here at MSFT)?
Had taken a few grad level pricing classes, a double in Econ (undergrad), and is planning to take CFA L1 later this year. Do I even qualify for quant positions?
I ultimately chose to be in software and a PM because I am an engineer and love building products at heart. In finance, it seems that people were always chasing money. I personally don’t think the jobs are that interesting after you do it for a few years (you can only price so many options or write a marginally better algo).
On the TC front, you can potentially make a LOT more as a quant if you’re in one of the good jobs at top HFs or trading firms - DEShaw, Jane Street, Two Sigma, etc. But again, those guys that did really well from a TC standpoint were insanely smart, some of the smartest I’ve ever met. For normal people, the TC is at FAANG is probably comparable.
Anyway, I encourage you to think longer term and think about what you really enjoy doing. Money will come. Happy to talk about data science too if you’d like.