Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?
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Notes -
No, he insulted my pedigree by insinuating I don't have one. If you look up the definition of pedigree, it's an insult to blood. I'm sure he meant school but that's almost as bad, especially by repurposing that word.
Ruthless or just incompetent? If test scores aren't a part of your "ruthless" filter, you're just doing DEI for striver kids at that point.
So they are just lazy and incompetent? Maybe I don't want to work with them then.
https://www.biblegateway.com/passage/?search=Matthew%2025%3A14-30&version=ESV
Is it really this bad? I can try to kind of do 2 but I'm not going to do anything I don't enjoy that isn't profitable. I kind of assumed a smaller form with some competent, legacy American hiring managers would be smart enough to interpret my résumé correctly.
Whining about the hiring practices of highly profitable and successful firms in a cutthroat industry because they won't give you the time of day is a very bad look.
It's silly to think the correlation between hiring competence and profit is 1. Or even over .70.
You're both right to a degree IMO. Some of the metrics used in Quant recruiting are probably dumb but also they've got 100k resumes from top percentile applicants and can't blame them for leaning on the previously applied great sort.
I doubt they get that many apps from the top percentile. Top percentile is probably top 25% or more at a quant firm.
There are a lot of people in the world and quant is super desirable. Napkin maths but even the USA alone has 3M top percentile and quant is inherently very international.
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If hiring the right people has little relation to making money, I don't know why you think they'd care about your GPA.
Do you think hiring is the only factor in firm profitability?
No. But if you're hiring the wrong people, I don't think you will become a successful quant firm.
How successful do you think a firm that only hires people between the 98th and 99th percentile would be?
I expect they'd get their lunch eaten by the firm hiring 99th to 99.9th percentile talent.
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